Zscaler is trading at $202.98, down 5.48% on September 25, 2026, after announcing Chief Revenue Officer Mike Rich will step down for personal reasons, effective October 1.
- The announcement reportedly caught investors off guard and triggered a more than 4% after-hours decline.
- Ross Tackett, currently Head of Worldwide Sales, will succeed Rich. Guggenheim reiterated its Buy rating and $214 target.
- Broader markets are modestly higher, making the leadership transition the clearest catalyst.