Zscaler sinks on earnings

Summary

CNBC's Seema Mody reports on Zscaler's stock decline after its Q3 earnings due to a weak Q4 revenue outlook, and previews upcoming earnings from Salesforce and Snowflake, highlighting analyst concerns and market expectations.

• Zscaler shares sink after earnings due to disappointing Q4 revenue guidance.
• CEO Jay Chaudhuri remains optimistic about the cybersecurity opportunity driven by AI and threats.
• Salesforce reports tonight; Bank of America questions Agent Force monetization and talent retention.
• Several Salesforce sales executives have left for OpenAI and Anthropic.
• Snowflake also reports tonight, following strong results from competitor Datadog.
• JPMorgan notes mixed channel checks for Snowflake, raising the bar after Datadog's outperformance.