ZS
Moving with its cybersecurity peers
- ZS −1.35% on the last session vs SPY +0.12%: −1.5 pts of stock-specific move.
- Cybersecurity basket -2.0% (-2.1 pts vs SPY; NET -4.1%, CRWD -2.5%, FTNT -2.0%, OKTA -1.7%): the stock moved with its peers.
- Market backdrop (Today): Core PPI m/m 1.3% vs 0.3% expected (hotter); Core Retail Sales m/m 0.9% vs 0.6% expected (stronger); S&P futures -0.08%, 10-year yield -3bp in the 30 minutes after.
Bargain & stretch prices
Prices ZS only reaches with set odds, from its own recent swings. Odds, not a forecast.
| Today | Next 5 sessions | |
|---|---|---|
| Stretch sell side |
229.75 +4.1% ↑ more often after a big drop
reached 3 in 10 days · 31% vs usual 28% |
241.33 +9.3% ↑ more often after a big drop
reached 3 in 10 weeks · 31% vs usual 30% |
| Now | 217.82 · prior close 220.79 | |
| Bargain buy side |
212.18 -3.9% reached 3 in 10 days reached today |
202.00 -8.5% reached 3 in 10 weeks |
More patient or more eager
| Bargain | Reached | Stretch | Reached | |
|---|---|---|---|---|
| Today | ||||
| Patient | 209.46 | 2 in 10 days | 232.74 | 2 in 10 days↑ 20% vs 17% |
| Balanced | 212.18 | 3 in 10 days | 229.75 | 3 in 10 days↑ 31% vs 28% |
| Eager | 214.75 | 4 in 10 days | 227.00 | 5 in 10 days↑ 49% vs 45% |
| Next 5 sessions | ||||
| Patient | 196.25 | 2 in 10 weeks | 248.40 | 2 in 10 weeks |
| Balanced | 202.00 | 3 in 10 weeks | 241.33 | 3 in 10 weeks↑ 31% vs 30% |
| Eager | 207.51 | 4 in 10 weeks | 234.91 | 5 in 10 weeks↑ 49% vs 48% |
"3 in 10 days" means the price was reached on about 3 of every 10 days like this one. Patient prices are further away and come less often; eager ones are closer and come more often. From ZS's daily swings (about 4.1% a day lately), anchored on the Oct 14 close. The odds were measured on 10 years of S&P 500 prices (they move about 3 points from year to year with the market: bargain prices come more often in falling years, stretch prices in rising ones), and where a situation below changed them consistently (in at least 8 of 10 years), they are adjusted and marked. In those tests, waiting for the bargain price did no better on average than buying at the close: what you save when it comes, you pay when it doesn't.
Situations on the Oct 14 close
- Stretch price, next session: reached 31% of days instead of the usual 28% (held in 9 of 10 years)
- Stretch price, next 5 sessions: reached 31% of weeks instead of the usual 30% (held in 8 of 10 years)
| Date | That day | 1 week on | 1 month on | 3 months on |
|---|---|---|---|---|
| Oct 12, 2026 | -3.4% | — | — | — |
| Sep 25, 2026 | -10.1% | +1.8% | — | — |
| Sep 1, 2026 | -5.3% | -6.9% | +11.4% | — |
| Aug 20, 2026 | -5.2% | +7.1% | +18.4% | — |
| Jul 30, 2026 | -3.5% | +9.6% | +24.2% | — |
| Jul 22, 2026 | -4.3% | +8.1% | +23.0% | — |
| Jul 8, 2026 | -4.0% | +3.2% | +13.3% | +47.9% |
| Jun 5, 2026 | -3.3% | -1.0% | +9.8% | +29.8% |
Big drop and big gain: among ZS's own worst or best 10% of daily moves, as on the Aftermath tab. The past times are history: in our tests, how a stock did after its earlier times did not predict the next one, and across the S&P 500 none of these situations leaned up or down except, weakly, an all-time high followed by a big drop. Not advice.
Price ladder
| All-time closing high Nov 19, 2021 |
368.78 +69.3% |
| 52-week closing high Nov 3, 2025 |
336.27 +54.4% |
| Stretch, next 5 sessions | 241.33 +10.8% |
| Previous close Oct 14, 2026 |
220.79 +1.4% |
| Now | 217.82 |
| Bargain, next 5 sessions | 202.00 -7.3% |
| 50-day average | 191.03 -12.3% |
| 200-day average | 165.92 -23.8% |
| 52-week closing low Apr 10, 2026 |
118.05 -45.8% |
Closing prices (all-time = the 9 years Yahoo has). Percentages are the distance from now. These are levels people watch, not levels the price has to respect. Not advice.