To The Moon

$Zscaler Inc.(ZS)$ stock fell over 11% in premarket trading after the cybersecurity company joined the choir of cloud-software companies fretting about reluctant recession-leery customers, and praising upsells to loyal customers, while hiking their outlook and announcing layoffs."For Q3, we're assuming billings to decline by approximately 9% sequentially compared to the mid-single digit percentage declines we've seen over the last few years," Remo Canessa, Zscaler chief financial officer, told analysts on the call.For the second quarter, Zscaler reported billings, or revenue plus deferred revenue acquired over the quarter, of $493.8 million in the second quarter, while Wall Street expected billings of $491 million. A 9% decline would

Dell Inc. on Thursday reported fourth-quarter and full-year results that beat Wall Street expectations, but executives issued a cautious outlook that weighed on the company's stock in extended trading.Dell $(DELL)$ shares are down about 3% in premarket trading.The computer company posted record sales for the year, though its fourth-quarter sales were down year over year. But on the call, executives said both corporate and consumer spending are slowing, though they expected things to get better later in the year.Chief Financial Officer Tom Sweet, who is retiring after 26 years with the company, said on the call that he expects first-quarter revenue to be down 15% to 21% year over year, "seasonally lower than average." At the midpoint