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Today’s Research Reports on Stocks to Watch: Netlist and Okta

NEW YORK, NY / ACCESSWIRE / September 10, 2018 / Shares of Okta were soaring after the company reported second quarter financial results. Shares of Netlist were also soaring higher after receiving a favorable claim construction order in the ITC investigation of SK hynix .

RDI Initiates Coverage on:

Okta, Inc.
https://www.rdinvesting.com/report/?ticker=NLST

Netlist, Inc.
https://www.rdinvesting.com/report/?ticker=OKTA

Okta, Inc. shares were up 19.47% on Friday at the close with around 10.7 million shares traded. The stock soared to a new high of $75 during intra-day trading after reporting second quarter earnings and revenue that exceeded expectations. The cloud-based identity and security specialist reported that revenue increased 57% to $94.6 million. Analysts had been expecting $84.8 million. Loss per share at 15 cents also beat the analysts forecast of loss per share of 19 cents. CEO Todd McKinnon commented, "We continued to see momentum across our business," and that its performance "is a testament to the increasing strategic need for an identity solution as organizations move to the cloud. This need is pervasive and imperative, and I believe we are in the early stages of capitalizing on this high growth opportunity." Looking ahead, the company has also raised its guidance for the full year. It expects revenue in the range of $372 million to $375 million. Previously the expectation was $353 million to $357 million. It also expects an adjusted loss in the range of -$0.46 to -$0.48. Previously this range was -$0.54 to -$0.58.

Access RDI’s Okta, Inc. Research Report at:
https://www.rdinvesting.com/report/?ticker=OKTA

Netlist, Inc. shares were on fire in Friday's trading session, closing the day up 91.84% on higher volume than usual. The company announced that the United States International Trade Commission (ITC) has issued a claim construction order in Investigation No. 337-TA-1089 (the 1089 Investigation) of SK hynix RDIMM and LRDIMM enterprise memory products. Traders were reacting with excitement as the order was favorable to Netlist with regard to both of its asserted patents, U.S. Patent Nos. 9,606,907, and 9,535,623 and the Administrative Law Judge (ALJ) sided with Netlist on the key claim construction issues at the heart of the 1089 Investigation. CEO of the company, C.K. Hong, stated, "We are very pleased with the order and believe this is an important turning point in our dispute with SK hynix . In our view, the claim construction order was thorough, well-reasoned, and vindicates our belief as to the strength of our fundamental IP. This interpretation of the patents puts us in a strong position with respect to infringement, which was the only issue we didn't win in our first ITC action. The order gives us significant momentum heading into the trials scheduled later this year in both the ITC and in Germany."

Access RDI’s Netlist, Inc. Research Report at:
https://www.rdinvesting.com/report/?ticker=NLST

Our Actionable Research on Netlist, Inc. (NASDAQ: NLST) and Okta, Inc. (NASDAQ: OKTA) can be downloaded free of charge at Research Driven Investing.

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SOURCE: RDInvesting.com

https://www.accesswire.com/511638/Todays-Research-Reports-on-Stocks-to-Watch-Netlist-and-Okta