and I'll be your conference operator. At this time, I would like to welcome everyone to the ChargePoint first quarter fiscal 2025 earnings conference call and webcast. All participants' lines have been placed in a listen-only mode to prevent any background noise. After the speaker's remarks, there'll be a question and answer session. I would now like to turn the call over to Patrick Hammer, ChargePoint's Vice President of Capital Markets and Investor Relations. Patrick, please go ahead. Good afternoon, and ...

Good morning, everyone, and welcome to the Coordinating Q1 2024 Earnings Call. My name is Angela, and I'll be coordinating your call today. During the presentation, you can register to ask a question by pressing star followed by one on your telephone keypad. If you change your mind, please press star followed by T. I will now hand you over to your host, Robin Barbary, Senior Vice President of Finance and Investment Relations, to begin. Please go ahead. Thank you. Good morning, everyone. This is Robin Bradbu ...

Greetings and welcome to the CityTrends First Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. A brief question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Nitsa McKee, Senior Associate at ICR. Thank you. You may begin. Thank you, and good ...

Good morning and welcome to the Designer Brands First Quarter 2024 Results Conference Call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing star, then zero on your telephone keypad. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star, then one on your telephone keypad. To withdraw your question, please press star then two. Please note this event is being recorded. I would ...

CRISPR Therapeutics AG (NASDAQ:CRSP) Jefferies 2024 Global Healthcare Conference June 5, 2024 10:00 AM ET Company Participants Samarth Kulkarni - Chief Executive Officer Conference Call Participants Maury Raycroft - Jefferies Maury Raycroft Good morning. My name is Maury Raycroft and I'm one of the biotech analysts at Jefferies. It's with great pleasure that I'd like to welcome the CEO of CRISPR Therapeutics Sam Kulkarni. Thanks so much for joining us today, Sam. We're going to do fireside chat format. So m ...

Hewlett Packard Enterprise Company (NYSE:HPE) BofA Securities 2024 Global Technology Conference June 5, 2024 11:40 AM ET Company Participants Marie Myers - CFO Conference Call Participants Ruplu Bhattacharya - Bank of America Ruplu Bhattacharya Okay. Folks, I think we're going to get started. Thanks, everyone, for attending the second day of our 2024 Global Technology Conference. My name is Ruplu Bhattacharya, and I'm a Director with the IT hardware and electronics manufacturing services equity research tea ...

Company and Industry Overview * **Company**: ON Semiconductor Corporation (NASDAQ: ON) * **Industry**: Semiconductor * **Event**: BofA Securities 2024 Global Technology Conference * **Date**: June 5, 2024 Key Points Transformation and Growth Strategy * **Transition from Cyclical to Cyclical Growth**: ON Semiconductor has transitioned from a deep cyclical company to a more cyclical growth model with multiple product cycles. * **Fab-Like Strategy**: ON has implemented a fab-like strategy, divesting four fabs to reduce fixed costs and focus on high-growth areas. * **Product Portfolio Changes**: ON has walked away from $475 million of high-volatility business and redirected the company into high-growth areas like silicon carbide in EV. Financial Performance and Margin Expansion * **Improved Utilization and Margin**: ON's manufacturing footprint utilization is currently at 65%, with a margin floor of 45%. This is significantly better than previous cycles, where gross margins were in the low 30s. * **Long-Term Margin Target**: ON's long-term margin target is 53%, with significant potential for expansion as utilization increases and new products are introduced. * **East Fishkill Fab**: The East Fishkill fab acquisition has improved cost structures and cycle times, with a goal of achieving parity with other fabs. Industrial Segment * **Traditional vs. Secular Growth**: ON's industrial segment is divided into traditional (power tools, white goods) and secular growth (renewable energy, energy storage, factory automation). * **Stabilization**: The traditional industrial segment has stabilized, with some green shoots in medical and alternative energy. * **Conservative Outlook**: ON is conservative in calling for a bottom in the industrial market, emphasizing the need for demand pickup and end-demand recovery. Automotive Segment * **Flattish Growth**: ON expects the automotive business to be flattish in 2024, with growth in silicon carbide offsetting declines in other areas. * **Silicon Carbide Growth**: ON expects the silicon carbide market to grow 2x in 2024, driven by design wins and market share gains. * **Competition and Overcapacity**: ON is not concerned about overcapacity in the silicon carbide market, emphasizing the value-driven nature of the product and its technology advantage. AI and Data Center * **Power Tree for Cloud**: ON is developing a power tree for the cloud, leveraging its expertise from automotive and industrial segments. * **Cross-Selling Opportunities**: ON plans to cross-sell power switches, controllers, and drivers to customers in the cloud market. Second Half Recovery * **Balanced Approach**: ON is taking a balanced approach to the second half, preparing for both a recovery and a continuation of the current environment. * **Inventory and Utilization**: ON has a low inventory level and utilization of 65%, positioning the company to quickly react to any recovery. Conclusion ON Semiconductor is focused on transforming itself into a more sustainable and predictable company with a strong focus on high-growth areas like silicon carbide in EV and the cloud. The company is taking a conservative approach to the near-term outlook, emphasizing the need for demand pickup and end-demand recovery in the industrial and automotive markets.

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 ...