The Latest Breaking News from Adam Tindle

Home and business security services firm Alarm.com delivered a beat-and-raise earnings report for the fourth quarter.

Smart home stock Alarm.com rose Friday after the company settled a patent licensing case with rival Vivint.

Shares of Okta Inc (NASDAQ: OKTA) fell in after-hours trading, despite the company reporting a lower-than-expected loss for the second quarter. JMP Securities On Okta

Palo Alto Networks Inc.’s (NASDAQ: PANW) stock climbed Monday after the Santa Clara, California-based company reported strong quarterly earnings and announced a 3-for-1 stock split.

Palo Alto Networks Inc (NASDAQ: PANW) reported revenues and earnings for its fiscal third-quarter ahead of expectations. BofA Securities On Palo Alto Networks: Analyst Tal Liani reiterated a Buy rating and a price target of $650.

Raymond James analyst Adam Tindle downgraded Okta Inc (NASDAQ:OKTA) to Market Perform from Strong Buy and removed his previous $260 price target.  His prior thesis was that Okta could become a "platform cloud," similar to Salesforce.com Inc (NYSE:CRM). However, his channel conversations have suggested a continually disconnected CIAM go-to-market strategy.  Meanwhile, although partners were willing to trust…

Okta stock fell for a second straight day as customers and analysts mulled the cybersecurity firm's response to an alleged data breach involving its systems.