Ep. 160: Zscaler CEO Jay Chaudhry, Bed Bath & Beyond, General Mills, AeroVironment
Jul 5, 2022
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Jay Chaudhry, CEO of cybersecurity leader Zscaler, discusses zero trust services and bringing network security to the cloud era. Topics include Bed Bath & Beyond's failed turn-around, General Mills' sales in the face of inflation and program expiration, AeroVironment's successful drones and supply-chain problems. The podcast explores the concept of zero trust security, cyber warfare concerns, and industry growth sectors.
Zscaler CEO Jay Chaudhry emphasizes the importance of 'zero trust' services and discusses the transition of IT network security to the cloud-based era.
General Mills has successfully managed supply chain issues, raised prices, and benefited from increased SNAP benefits, leading to a 23% rise in shares and expected revenue growth.
Deep dives
Bed, Bath, and Beyond faces major challenges
Bed Bath and Beyond, a meme stock, has experienced significant declines in sales and stock price. The company announced poor earnings and a change in leadership, which led to negative headlines and concerns about liquidity. The CFO expressed confidence in managing cash flow, but the stock's future remains uncertain.
General Mills benefits from SNAP benefits
General Mills experienced a 23% rise in shares after their Q4 report. The company has been able to raise prices and navigate supply chain issues while benefiting from increased SNAP benefits (Supplemental Nutrition Assistance Program) due to COVID-19. The continued support from SNAP is expected to drive revenues for General Mills.
AeroVironment's growth potential
AeroVironment, a company that produces drones, had a disappointing quarter and cautious forecasts. Despite the Russian-Ukraine conflict, which was expected to increase demand for their products, orders didn't meet expectations. AeroVironment remains optimistic about future sales, citing potential orders from the US Department of Defense and European countries for their drone systems.
Cybersecurity leader Zscaler CEO Jay Chaudhry (ZS) makes the case for "zero trust" services… and how he’s bringing IT network security into the cloud-based era. Bed Bath & Beyond (BBBY) shows its CEO the door after a spectacularly failed turn-around. Will General Mills (GIS) be able to maintain healthy sales if inflation gets as bad as it warns and if a pandemic-era government program expires? AeroVironment (AVAV)’s drones are being used successfully by Ukraine on the battlefield… but supply-chain problems are putting pressure on the company. The Drill Down with Cory Johnson offers a regular look at the business stories behind stocks on the move.