Overview
Bloomberg‑compiled options data suggest that Zscaler Inc. (NASDAQ:ZS) may experience a price swing of roughly 13% following its earnings announcement scheduled for September 3, 2026, after market close.
Historical Options‑Implied vs. Actual Moves
The cybersecurity firm has exceeded the options‑implied move in five of its past eight earnings releases. Notable instances include:
- On May 26, 2025, Zscaler shares fell 27.6% after earnings, while the implied move from options was 12.9%.
- On February 26, 2025, the stock dropped 14.6% against an implied move of 10.2%.
- On November 25, 2025, shares declined 14.6% compared with a 9.4% implied move.
- On May 29, 2025, the stock rose 10.8%, exceeding the 7.8% implied move.
- On September 3, 2024, shares fell 20.6% versus a 10.6% implied move.
In three cases, the actual price movement was smaller than the options‑implied forecast:
- On September 2, 2025, the stock moved only 0.3% while the implied move was 9.5%.
- On March 5, 2025, shares rose 4.7% against an 11.7% implied move.
- On December 2, 2024, the stock fell 5.8% compared with a 10% implied move.
Significance
The pattern of past earnings outcomes indicates that Zscaler’s actual price reactions have frequently outperformed the magnitude suggested by options markets, though there have been instances of under‑performance. Market participants may therefore anticipate heightened volatility around the September 3 earnings release.