- Zscaler (ZS) shares have put together a massive short-term recovery, surging roughly 50% since early April. But that still puts it 50% below its 2025 all-time high.
- The stock currently carries a 25% “Sell” overall average from Barchart Opinion’s composite indicator, but its near-term price action tells a far more bullish story. So does the fact that this same measure was 56% “Sell” one week ago and 100% “Sell” one month ago. The trend is ZS’s friend.
- ZS went to Trend Seeker “Buy” status on May 8, the first time that has occurred during 2026.
- Despite macro headwinds, growing adoption of zero-trust architecture has prompted a major short-covering rally ahead of ZS’s May 26 earnings release.