Zscaler's strong growth trajectory is supported by robust fundamentals, including expanding margins and a dominant position in cloud security. Technical indicators show upward momentum, reinforcing a bullish outlook.

Market sentiment is mixed, with some analysts upgrading ratings while others remain cautious due to recent volatility. The inclusion in high-growth tech lists suggests underlying optimism.

Long-term risks include competition from Netskope and broader market dips, but Zscaler's AI-driven cybersecurity edge positions it well. The outlook remains cautiously bullish for patient investors.

Technical signals show short-term weakness, with ZS underperforming the market today, but volume trends suggest accumulation. Watch for a breakout above recent resistance for confirmation.