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The Latest Breaking News from Okta Inc

3 Cybersecurity Leaders Benefiting from Increased Spending

Cybersecurity offers strong investment prospects due to rising spending driven by escalating threats, regulatory reforms, and growing demand for enhanced protection, fueling substantial market growth and long-term returns. As a result, it could be wise to consider cybersecurity leaders like Okta (OKTA), Fortinet (FTNT), and Check Point Software Technologies (CHKP).…

StockNews.com

3 Cybersecurity Stocks Safeguarding the Digital World

Cybersecurity safeguards the digital world by countering sophisticated threats, adopting zero-trust principles, and driving innovations in tools, frameworks, and compliance to protect critical infrastructure, making it a promising market for investors. As a result, cybersecurity stocks like Okta (OKTA), Fortinet (FTNT), and Check Point Software Technologies (CHKP) are hard to…

StockNews.com

Okta Posts Q3 Beat, Guidance Miss: Analyst Says 'Sustainable Growth Remains Hazy'

Okta Inc's shares rose after reporting Q3 results, despite concerns about competition and product expansion. Analysts have mixed opinions on the stock.

Benzinga

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3 Cloud Computing Stocks Positioned for Explosive Growth

As businesses embrace digital transformation, the cloud computing market is set for explosive growth, fueled by emerging trends like AI integration, multi-cloud environments, and expanding IoT applications. So, investors looking to capitalize on this booming sector should consider investing in stocks like Workday (WDAY), Datadog (DDOG), and Okta (OKTA), which…

StockNews.com

3 Cloud Computing Stocks to Watch in the Digital Economy

The cloud computing market offers a promising investment opportunity due to growing digital transformation, rising infrastructure spending, and AI adoption, along with the demand for cloud's cost efficiency, security, and scalability. Therefore, it could be wise to keep an eye on strong cloud computing stocks like Oracle (ORCL), ServiceNow (NOW),…

StockNews.com

Markets Today: Stocks Mixed as Debt Ceiling Bill Goes to the Senate

Morning Markets June E-Mini S&P 500 futures (ESM2 3) this morning are up +0.02%, and June Nasdaq 100 E-Mini futures (NQM2 3) are down -0.05%. U.S. stock index futures this morning are mixed. The broader market is finding support today on an easing of U.S. default concerns after the House...

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2 Software Stocks to Buy and 1 to Sell This Week

Continued digitization and increased investments in advanced technologies like blockchain and machine learning (ML) should bolster the software industry’s long-term prospects. Therefore, one could invest in fundamentally sound software stocks Fortinet (FTNT) and NortonLifeLock (NLOK). However, as the tech industry is witnessing a massive sess-off, we think it is best…

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Okta Stock Is Sliding Down, Despite 6 Analysts' Mixed Takes on Q2 Earnings, Guidance

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

Benzinga

Benzinga's Top Ratings Upgrades, Downgrades For September 1, 2022

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Benzinga

Why Shares Of Okta Are Trading Higher

Okta, Inc. (NASDAQ: OKTA) shares are trading higher Tuesday amid a drop in yields.

Benzinga

2 Cybersecurity Stocks to Buy, 2 to Avoid

Increased tech dependency has boosted the demand for cybersecurity. Moreover, the Russia-Ukraine war has amplified the prospects of cyberattacks, making digitalized enterprises and governments spend more on cybersecurity. So, fundamentally sound cybersecurity stocks Check Point Software Technologies (CHKP) and Qualys (QLYS) could be ideal investments now. However, CrowdStrike Holdings (CRWD)…

StockNews.com

Why Shares Of Cloud-Based Company Okta Are Trading Downwards

Okta, Inc. (NASDAQ: OKTA) shares are trading lower Monday alongside several companies in the broader technology sector amid overall weakness as stocks continue to sell off following worse-than-expected May CPI data.

Benzinga

2 Overvalued Cybersecurity Stocks to Avoid in April

Although an increased risk of cyberattacks due to the Russia-Ukraine crisis, and growing investments in cybersecurity in the digital era, position the cybersecurity industry well to grow, the probability of aggressive interest rate hikes this year could dampen the performance of overvalued stocks in the sector. So, we think it…

StockNews.com

More Losses Ahead For Okta Shares After Hack Warning?

Shares of Okta Inc (NASDAQ: OKTA) tanked after the identity and access management company Wednesday warned of a security breach that could potentially affect hundreds of its c

Benzinga

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Ping Shares Jump On Rating Upgrade By Stifel

Stifel analyst Adam Borg upgraded Ping Identity Holding Corp (NYSE:PING) to Buy from Hold with a price target of $30, up from $25, implying an upside of 16%. Ping offers an enterprise-focused Identity and Access Management (IAM) platform, a foundational cybersecurity technology. The potential fallout from Okta Inc's (NASDAQ:OKTA) breach can be an additional positive driver for Ping.…

Benzinga

Okta Gets a Downgrade Post Data Breach Incident

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…

Benzinga

Okta's Latest Revelations: The Lapsus$ Hack Affected 366 Customers

Digital authentication firm Okta Inc (NASDAQ:OKTA) Chief Security Officer David Bradbury admitted maximum potential impact to 366 customers by the Lapsus$ breach. An outside contractor, Sitel Group, accessed the data. Okta first became aware of the breach in January. However, Sitel received a forensic report about the incident on March 10 and shared a…

Benzinga

Why Okta Shares Are Tumbling Today

Okta Inc (NASDAQ: OKTA) shares are trading lower Tuesday morning following several reports indicating the company is investigating a digital breach.

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Why This Analyst Believes Okta Stock Is 'Difficult To Ignore,' Noting An Increase In Cybersecurity Needs

Shares of Okta Inc (NASDAQ: OKTA) have lost 42% over the past six months, while the company’s organic growth remains strong, according to Mizuho Securities.

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