Zscaler holds the cleaner structural position, with growth as the main driver and valuation adding further support. Cloudflare still has the edge on growth, which keeps the comparison from looking entirely one-sided. In the market, Cloudflare carries the stronger setup — intact trend against Zscaler's broken trend. That leaves a split case: the structural lead stays with Zscaler, but the market is not currently confirming it.
The comparison is based on similar long-term financial trajectories, not sector labels. Both peer scores are relative to the Russell 1000 universe, making them directly comparable.
The page question resolves through growth, where Cloudflare, Inc. holds the stronger read even though the broader score still favours Zscaler, Inc..
Both operate in: Software - Infrastructure
This comparison is based on industry proximity, not on functional trajectory similarity. NET and ZS share the same industry classification.
For a similarity-based comparison, see how Cloudflare and Zscaler each position within their functional peer groups in AssetNext.
Scores reflect position relative to comparable companies with similar long-term financial trajectories.
The clearest separation appears in growth.
Left means cheaper relative valuation. Higher means stronger structure.
Structure clearly favours Cloudflare, Inc., even though current pricing leans the other way.
Valuation position uses Forward P/E where available.
Where NET and ZS each sit in their own 5-year price and valuation history.
Describes historical entry positioning only. Descriptive — not investment advice.
The current lead is backed by a stronger multi-year growth trajectory.
On the market side, Cloudflare carries the stronger trend while Zscaler's trend has broken — the market setup does not confirm the structural advantage.
Growth is the clearest driver of the lead, with valuation adding further support — though growth still provides a real counterweight.
Break down the NET vs ZS comparison across all dimensions with the full interactive tool.
Explore how NET and ZS each compare against other companies in their peer groups.
Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.
AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.
Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.
Because scores are peer-relative, the same company can have slightly different scores in different index universes. On comparison pages, both companies are shown within their shared peer universe wherever possible — so the scores are directly comparable. The peer basis is stated on each score card.
Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.