Zscaler to Acquire Symmetry Systems, Combining Zero Trust and Access Graph Technology to Map and Secure AI Agent Communication

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Go back to Zscaler to Acquire Symmetry Systems, Combining Zero Trust and Access Graph Technology to Map and Secure AI Agent Communication

Morgan Stanley on Zscaler (ZS): 'We view the Symmetry acquisition as another step in Zscaler’s effort to sustain 20%+ ARR'

May 21, 2026 11:43 AM EDT

Morgan Stanley analyst Meta Marshall reiterated an Equalweight rating and $155.00 price target on Zscaler (NASDAQ: ZS).

The analyst comments "What Does this Mean for Zscaler? We view the Symmetry acquisition as another step in Zscalers effort to sustain 20%+ ARR and revenue growth beyond FY26 (and beyond the core SASE business) by expanding further into higher-growth adjacencies tied to AI Security, Zero Trust Everywhere, and Data Security Everywhere.... More