MongoDB, Inc. (NASDAQ:MDB) 44th Annual William Blair Growth Stock Conference June 5, 2024 5:40 PM ET Company Participants Michael Gordon - CFO & COO Serge Tanjga - SVP Finance Conference Call Participants Jason Ader - William Blair Jason Ader With that said, I’m Jason Ader with William Blair. Very pleased to have Michael Gordon, COO and CFO of MongoDB; and Serge Tanjga, SVP of Finance. Regulars at this conference now. I appreciate it. Michael Gordon Yes. Great to be here. Thanks for having us. Jason Ader Be ...

PayPal Holdings, Inc. (NASDAQ:PYPL) BofA Global Technology Conference June 5, 2024 4:20 PM ET Company Participants Alexander Chriss - President and CEO Conference Call Participants Jason Kupferberg - BofA Global Research Jason Kupferberg I'm Jason Kupferberg, the payments processors and IT services analyst here at Bank of America and we're very excited to have with us for the first time, Alex Chriss, President and CEO of PayPal. As most of you know, Alex joined last year. And so obviously, it's first time a ...

Key Points Company and Industry * **Company**: Zscaler, Inc. (NASDAQ:ZS) * **Industry**: Cybersecurity, specifically Zero Trust SASE (Secure Access Service Edge) Core Views and Arguments * **Outperformance in Q3**: Zscaler outperformed billings significantly in Q3, growing 30% compared to expectations of 21% [5]. * **Win Rates**: Zscaler maintains strong win rates in the market, with 40% of Fortune 500 companies and over 30% of Global 2000 using their platform [6]. * **Market Positioning**: Zscaler is well-positioned in the Zero Trust SASE market, with a focus on protecting workloads and expanding into areas like Zero Trust SD-WAN and data protection [10]. * **Competitive Landscape**: Zscaler differentiates itself from competitors like Fortinet and Cisco by offering true Zero Trust architecture and a broader platform [12]. * **SD-WAN Strategy**: Zscaler views SD-WAN as an important component of a single vendor SASE solution, focusing on Zero Trust SD-WAN to protect branch offices and workloads [20]. * **Product Evolution**: Zscaler has evolved from a Secure Web Gateway to a comprehensive security platform, including data protection, endpoint security, and cloud workload protection [23]. * **Zero Trust Adoption**: Zscaler targets large enterprises that understand the value of Zero Trust and are willing to invest in the right technologies [28]. * **Data Security**: Zscaler offers a range of data security solutions, including data loss prevention (DLP), cloud security posture management (CSPM), and data security posture management (DSPM) [37]. Other Important Points * **Transition**: Zscaler is currently going through a transition in its go-to-market strategy, led by new leadership from ServiceNow [6]. * **Billings Growth**: Zscaler expects a headwind of 2% to 3% on billings growth in fiscal '25 due to the transition and higher-than-expected attrition in Q3 [7]. * **Market Opportunity**: Zscaler has a significant opportunity to grow its customer base, with less than 20% penetration in the market for companies with over 2,000 employees [8]. * **Upsell Opportunities**: Zscaler has a 6x opportunity to upsell additional modules to existing customers, including Zscaler for users, Zero Trust SD-WAN, and data protection [8]. * **Cloud Protection**: Zscaler offers solutions for cloud workload protection, including internet access protection, data protection, and workload communications [37]. * **Technology Readiness**: Zscaler's approach to data security differs from traditional CNAPP vendors like Wiz and Palo Alto, focusing on a broader SASE framework [39]. * **Fiscal '25 Outlook**: Zscaler expects the market to remain scrutinized, but also expects growth in revenue and sales organization maturity [43].

HP Inc. (NYSE:HPQ) Bank of America Global Technology Conference June 5, 2024 2:20 PM ET Company Participants Alex Cho - President, Personal Systems Conference Call Participants Ruplu Bhattacharya - BofA Securities Ruplu Bhattacharya Hey, everyone. Thanks for joining us today on the second day of our 2024 Global Technology Conference. My name is Ruplu Bhattacharya, and I'm with the equity research team covering IT hardware and electronics manufacturing services. Today I'm filling in for Wamsi Mohan, who is t ...

Fortinet, Inc. (NASDAQ:FTNT) Bank of America Global Technology Conference June 5, 2024 1:40 PM ET Company Participants Keith Jensen - Chief Financial Officer John Maddison - Chief Marketing Officer Conference Call Participants Tal Liani - Bank of America Tal Liani So I want to welcome John Maddison, Chief Marketing Officer, and Keith Jensen, CFO. I've known both of them for many years, and we have a lot of discussion, a lot of topics to discuss. Before we start, I think you need to read us something from h ...

Advanced Micro Devices, Inc. (NASDAQ:AMD) BofA Securities 2024 Global Technology Conference Call June 5, 2024 11:40 AM ET Company Participants Jean Hu - Executive Vice President & Chief Financial Officer Conference Call Participants Vivek Arya - Bank of America Securities Vivek Arya I'm Vivek Arya. I cover semiconductor semi-cap equipment at Bank of America Securities. And I'm absolutely delighted and honored to have Jean Hu, Executive Vice President and CFO of Advanced Micro Devices, joining us this mornin ...

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) BofA Securities 2024 Global Technology Conference June 5, 2024 10:50 AM ET Company Participants George Kurtz - CEO Conference Call Participants Tal Liani - BofA Securities Tal Liani We have a packed, packed day and George did us a favor and reported great results last night. So we have great topics to talk about. So with no further ado, I'd like to welcome George Kurtz, the CEO of CrowdStrike. George Kurtz All right. Thank you. I did it just for you. Tal Liani I know ...

Super Micro Computer, Inc. (NASDAQ:SMCI) BofA Securities 2024 Global Technology Conference June 4, 2024 11:40 AM ET Company Participants David Weigand - Senior Vice President and Chief Financial Officer Conference Call Participants Ruplu Bhattachary - Bank of America Ruplu Bhattachary Thanks everyone for attending day one of our Global Technology Conference. My name is Ruplu Bhattachary, I'm a director with the equity research team covering IT, hardware and electronics manufacturing services companies. We' ...

Waste Management, Inc. (NYSE:WM) The Stifel 2024 Cross Sector Insight Conference June 5, 2024 8:35 AM ET Company Participants Ed Egl - Vice President of Finance and Investor Relations James Fish - Chief Executive Officer Devina Rankin - Chief Financial Officer Rafa Carrasco - SVP of Strategy Conference Call Participants Michael Hoffman - Group Head of Diversified Industrial Research Michael Hoffman So this is Michael Hoffman, I'm Group Head of Diversified Industrial Research. I cover the environmental servi ...

Gilead Sciences, Inc. (NASDAQ:GILD) Jefferies 2024 Global Healthcare Conference June 5, 2024 11:00 AM ET Company Participants Merdad Parsey - Chief Medical Officer Conference Call Participants Michael Yee - Jefferies Michael Yee I am very happy to have up here with us Chief Medical Officer of Gilead, Merdad Parsey. It's great to have you with us fresh off of four or five days of ASCO. So lots to talk about. Question-and-Answer Session Q - Michael Yee Maybe just opening up for Gilead, I'd love to just have y ...