ZS 16-17% growth guide is conservative; expect re-acceleration driven by rising zero trust security demand.

And then later on, we'll see names like Zscaler reporting, which tie not only the AI buildout, but the security associated with keeping all these networks secure.

And let's talk about Zscaler, too. I mean, their growth outlook was only about 16% to 17%, and I remember when they gave that guidance, there were many flags about whether or not that was conservative guidance or whether there was something concerning in there.

Are you looking at this as just conservative guidance from management to be extra careful, or is there perhaps a slowdown that needs to be more taken more seriously? I think it's conservative guidance.

You know, Jay's a very, you know, brings an engineering mindset to the way he runs his companies. I think he's being conservative.

The amount of zero trust security needed in networks is rapidly accelerating. The frontier models are unfortunately making it easier and easier to penetrate networks, and zero trust is one of the best ways to protect your network, and Zscaler has one of the best platforms to do that.

So, we think it was a conservative guide, and we think you'll see re-acceleration.