Workday vs Zscaler
Workday sells cloud-based HR and financial management software to large enterprises under a subscription model that produces predictable, recurring revenue, while Zscaler delivers cloud-native cybersecurity through a zero-trust architecture that's replacing legacy network security appliances. Both are high-growth SaaS businesses that benefit from sticky enterprise relationships and increasing digital complexity. The Workday vs Zscaler comparison digs into net revenue retention, operating leverage, remaining performance obligations, and which business has more runway to grow billings without sacrificing the path to meaningful free cash flow.
Workday sells cloud-based HR and financial management software to large enterprises under a subscription model that produces predictable, recurring revenue, while Zscaler delivers cloud-native cyberse...
Why It's Moving
Workday Stock Eyes Major Rebound as Analysts Bet Big on AI-Driven Growth Through 2026
- Subscription revenue surged 15.7% year-over-year to $2.36 billion in the latest quarter, highlighting resilient demand for core offerings despite competitive pressures.
- Analysts spotlight Flex Credits momentum as a key catalyst, with second-half adoption poised to validate a durable consumption revenue model and reignite top-line acceleration.
- Broad consensus leans strongly bullish, with dozens of buy ratings and high-end targets reflecting confidence in Workday's edge over legacy rivals like SAP and Oracle through AI innovation.
Analysts Rally Behind Zscaler with Forecasts Eyeing Massive 2026 Upside Amid Cybersecurity Surge.
- 39 Buy ratings dominate, with no Sell calls, signaling deep confidence in Zscaler's cloud security dominance despite recent market jitters.
- Median targets cluster around $225-$260 from current levels, implying robust revenue acceleration from enterprise zero-trust adoption.
- Top forecasts hit $350+, highlighting Zscaler's edge in AI-driven threat detection as cyber risks escalate globally.
Workday Stock Eyes Major Rebound as Analysts Bet Big on AI-Driven Growth Through 2026
- Subscription revenue surged 15.7% year-over-year to $2.36 billion in the latest quarter, highlighting resilient demand for core offerings despite competitive pressures.
- Analysts spotlight Flex Credits momentum as a key catalyst, with second-half adoption poised to validate a durable consumption revenue model and reignite top-line acceleration.
- Broad consensus leans strongly bullish, with dozens of buy ratings and high-end targets reflecting confidence in Workday's edge over legacy rivals like SAP and Oracle through AI innovation.
Analysts Rally Behind Zscaler with Forecasts Eyeing Massive 2026 Upside Amid Cybersecurity Surge.
- 39 Buy ratings dominate, with no Sell calls, signaling deep confidence in Zscaler's cloud security dominance despite recent market jitters.
- Median targets cluster around $225-$260 from current levels, implying robust revenue acceleration from enterprise zero-trust adoption.
- Top forecasts hit $350+, highlighting Zscaler's edge in AI-driven threat detection as cyber risks escalate globally.
Investment Analysis
Workday
WDAY
Pros
- Workday's fiscal 2025 subscription revenue is projected to grow 17%, reaching $7.703 billion, indicating strong demand for its cloud applications.
- The company maintains a solid non-GAAP operating margin forecast of 25.5%, demonstrating efficient profitability in its core business.
- Analyst consensus strongly supports Workday with a 'Buy' rating and an average price target around $285, reflecting confidence in its growth prospects.
Considerations
- Workday's valuation remains very high with a price-to-earnings ratio over 100, suggesting the stock may be overvalued relative to earnings.
- The stock price has recently shown bearish technical sentiment and is forecasted to decline slightly in the near term.
- The company faces intense competition in the enterprise cloud applications market, which could pressure market share and growth.
Zscaler
ZS
Pros
- Zscaler is a leading provider in cloud security, a sector with strong growth driven by increasing cybersecurity demands.
- The company has demonstrated robust revenue growth and is expanding its customer base in both domestic and international markets.
- Zscaler benefits from a scalable cloud-native platform, which provides competitive advantages and operational efficiencies.
Considerations
- Zscaler operates in a highly competitive and rapidly evolving cybersecurity market, facing risks from larger incumbents and innovative startups.
- Its stock price can be volatile due to sensitivity to macroeconomic factors and tech-sector cycles.
- The company has yet to consistently generate positive net income, reflecting profitability challenges in its growth phase.
Workday (WDAY) Next Earnings Date
Workday's next earnings release is scheduled for May 21, 2026, covering the fiscal 2027 first quarter ending April 30, 2026. This follows the company's pattern of reporting Q1 results in late May, after the fiscal Q4 and full-year results announced on February 24, 2026. Investors should monitor official channels for any updates to this estimated date.
Zscaler (ZS) Next Earnings Date
Zscaler's next earnings date is estimated to fall between May 28, 2026 and June 1, 2026, with the company likely announcing the exact date closer to the release. This earnings announcement will cover the third quarter of fiscal year 2026. Based on historical reporting patterns, the company typically releases results after market close, followed by an investor conference call the same day. The most recent earnings report was released on February 26, 2026, for Q2 fiscal 2026.
Workday (WDAY) Next Earnings Date
Workday's next earnings release is scheduled for May 21, 2026, covering the fiscal 2027 first quarter ending April 30, 2026. This follows the company's pattern of reporting Q1 results in late May, after the fiscal Q4 and full-year results announced on February 24, 2026. Investors should monitor official channels for any updates to this estimated date.
Zscaler (ZS) Next Earnings Date
Zscaler's next earnings date is estimated to fall between May 28, 2026 and June 1, 2026, with the company likely announcing the exact date closer to the release. This earnings announcement will cover the third quarter of fiscal year 2026. Based on historical reporting patterns, the company typically releases results after market close, followed by an investor conference call the same day. The most recent earnings report was released on February 26, 2026, for Q2 fiscal 2026.
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