Compare Iris Energy Limited (IREN) vs Zscaler Inc (ZS) Price & Performance
Price performance (Past 24H)
Key statistics
Key statistics
Iris Energy Limited vs Zscaler Inc — how do they compare? Iris Energy Limited trades at $41.09 (market cap $14.76B), while Zscaler Inc trades at $142.62 (market cap $24.05B). The key difference: Zscaler Inc is the larger of the two by market cap, and Iris Energy Limited is trading nearer its 52-week high, Zscaler Inc nearer its low. Which is the better fit depends on your goals.
| IREN | ZS | |
|---|---|---|
Market Cap | $14.76B | $24.05B |
Sector | Energy | Technology |
52-Week High | $76.41 | $336.27 |
52-Week Low | $15.40 | $118.05 |
Enterprise Value | $16.51B | $22.37B |
Aura AI Summary
Signals from Pluang's Aura AI — not financial advice
Aura AI Summary
Signals from Pluang's Aura AI — not financial advice
IREN stock surged 19.57% to $40.20, driven by $2.8 billion in new AI cloud contracts and a raised 2026 revenue target above $4 billion. Despite recent earnings misses, the company shows strong revenue growth momentum with 2025 revenue at $501 million and projected 2026 revenue of $757 million. Technical indicators remain bearish overall, though oscillators are neutral, with key resistance at $42 and support at $37.
The outlook is mixed: strong AI contract wins and analyst bullishness (71% buy ratings, $79.11 consensus target) support upside potential, but execution risks, negative ROE/ROA, and high valuation multiples (P/E 52.21, P/S 15.61) pose significant challenges. Investors should weigh growth prospects against fundamental weaknesses and volatility in the competitive AI infrastructure space.
Zscaler trades at $148.72, down 0.78% on the day, with strong technical momentum showing bullish moving average signals and key support at $147. The company demonstrates robust revenue growth, increasing from $1.1B in 2022 to $2.67B in 2025, while narrowing net losses from -$390M to -$41M. Recent earnings beats and accelerating Zero Trust adoption position Zscaler for continued enterprise security market share gains amid growing cybersecurity spending trends.
Zscaler presents a compelling growth story with 79% analyst buy ratings and a $192.46 price target offering 29% upside potential. However, persistent profitability challenges, rising AI infrastructure costs, and ongoing class action investigations create near-term execution risks. The stock's premium valuation at 7.5x sales requires sustained revenue acceleration to justify current levels.
Returns comparison
Trailing returns across standard periods
Returns comparison
Trailing returns across standard periods
Top news
Latest headlines on both assets
Top news
Latest headlines on both assets
About Iris Energy Limited
Iris Energy is a next-generation data center company that powers Bitcoin mining and AI workloads using 100% renewable energy. It focuses on building sustainable infrastructure for the global digital economy.
Read more on IREN →About Zscaler Inc
Zscaler is a security-as-a-service firm that offers its customers cloud-delivered solutions for protecting user devices and data. The firm leverages its position in 150 colocation data centers to deliver traditionally appliance-based security functionality, such as firewalls and sandboxes, as a completely cloud-native platform. The firm focuses on large enterprise customers and offers two primary product suites: Zscaler Internet Access, which securely connects users to externally managed application and websites (such as Salesforce and Google), and Zscaler Private Access, which securely connects users to internally managed applications. Both product suites encompass a broad gamut of capabilities situated across the traditional security stack.
Read more on ZS →
