Manhattan Associates Inc vs Zscaler Inc — how do they compare? Manhattan Associates Inc trades at $149.2 (market cap $9.41B), while Zscaler Inc trades at $142.2 (market cap $24.05B). The key difference: Zscaler Inc is far larger — about 2.6× Manhattan Associates Inc's market cap, and Manhattan Associates Inc is trading nearer its 52-week high, Zscaler Inc nearer its low. Which is the better fit depends on your goals.
| MANH | ZS | |
|---|---|---|
Market Cap | $9.41B | $24.05B |
Sector | Technology | Technology |
52-Week High | $227.94 | $336.27 |
52-Week Low | $120.88 | $118.05 |
Enterprise Value | $9.24B | $22.37B |
Signals from Pluang's Aura AI — not financial advice
Manhattan Associates (MANH) trades at $165.51, up 1.42% today, with strong technical momentum and bullish moving averages. The company shows robust profitability with a 19.68% net income margin and has beaten EPS estimates for three consecutive quarters. However, valuation ratios like a P/E of 46.37 suggest premium pricing. Recent news highlights an ongoing legal investigation into fiduciary duties by directors, while analyst consensus remains strongly positive with a $192.80 price target.
The outlook for MANH is cautiously optimistic, driven by consistent earnings beats and solid cash flow generation. Key opportunities include sustained cloud and AI adoption, but risks involve high valuation multiples, competitive pressures, and potential legal overhangs from the Rosen Law Firm investigation. Investors should weigh strong fundamentals against elevated price levels and external uncertainties.
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.
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Latest headlines on both assets
Manhattan Associates, Inc. is a global leader in supply chain and omnichannel commerce software. The company provides a comprehensive suite of cloud-based and on-premise solutions for warehouse management (WMS), transportation management (TMS), and order management (OMS). MANH's technology helps retailers, wholesalers, and manufacturers manage inventory, optimize logistics, and unify the shopping experience across physical and digital channels.
Read more on MANH →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 →