Here are the key analyst insights for the cloud security leader:Check out other analyst stock ratings.Wedbush: Zscaler's results topped expectations across the board. Total revenues came in at about $850.5 million. That’s higher than the consensus of $835.6 million, Ives said. Although management raised their fiscal 2026 guidance, this came below Street expectations, exerting pressure on the company's shares, he added.Management's outlook for fiscal 2027 implies a deceleration of 700 basis points (bps) in both ARR (annual recurring revenue) and revenue growth. While Zscaler is "a premier name to own as increased enterprise AI adoption further amplifies the need for zero-trust architecture," the company needs to improve its execution, Ives added.Canaccord Genuity: Zscaler delivered "admirable" results for the fiscal third quarter. The company reported 25% year-on-year revenue growth and ARR up 25% to $3.5 billion. The company posted a record non-GAAP operating margin expanded 140 bps year-on-year to 23%, Crane said.The analyst cited the following:Rosenblatt Securities: Zscaler reported revenue of $850.5 million, ARR of $3.53 billion and non-GAAP earnings of $1.08 per share, all three figures beating expectations, Trebnick said. She added that: