This is the only cybersecurity stock that can post big gains, according to one analyst

The cybersecurity sector has rallied broadly this year, yet Zscaler has lagged that move — a divergence one analyst attributes to company-specific factors rather than a weakening demand backdrop. The argument is that Zscaler's fundamentals remain intact, and that the stock's underperformance has set up conditions for a potential catch-up if execution holds.

For investors, the takeaway is less about the call itself than about what it illustrates: sector rallies rarely lift every name equally, and relative laggards can reflect timing, positioning, or sentiment rather than deterioration in the business. That distinction matters when evaluating whether a stock is genuinely out of favor or simply early in its cycle.

What to watch: upcoming quarterly results, billings and revenue retention trends, and any guidance changes. Those disclosures — not analyst commentary — will determine whether the gap between Zscaler's share performance and its peers narrows or persists.