Jay Chaudhry, Zscaler CEO: Fortt Knox Earnings

Zscaler CEO Jay Chaudhry told Jon Fortt the stock's ~30% post-earnings plunge is a buying opportunity, defending a Q3 that beat: revenue and ARR each up 25%, a record 23% operating margin, ARR near $3.5B. He called the softer guidance 'prudent' after two sales leaders departed, and said Zscaler is pulling memory and datacenter purchases forward in an AI-driven supply crunch to secure billions of coming AI agents – pressuring free cash flow.