Zscaler Inc risk profile
39 Normal where most of the sector sits
Measured 1 September 2026 from ZS's filed statements. Recomputed nightly.
39 (Normal), driven by Market expectation at 72, over 5 weighted categories on the SOFTWARE profile.
What is measured
| Mechanism | Reading | Band | Direction | Driver |
|---|---|---|---|---|
| Market expectation | 72 | Stretched | Volatile | One-year price volatility — 62.5% |
| Operating pressure | 20 | Normal | Worsening | Costs outgrowing revenue — -0.9 percentage points |
| Cash conversion | 16 | Contained | Stable | Capital spending against operating cash — 0.17x |
| Leverage and coverage | 15 | Contained | Easing | Interest cover — 11.35x |
| Competitive position | 43 | Elevated | Stable | Operating-margin gap against peers — -18.2 percentage points |
| Concentration | Reads identified supplier spend, customers above the 10% disclosure threshold and revenue by region. No reading is stored for this company. | |||
These are descriptive readings of disclosed mechanisms, not investment advice, and not a prediction. A band says where a measured input sits, never what to do about it or what happens next.