|Bid||80.81 x 1300|
|Ask||81.05 x 800|
|Day's Range||80.76 - 84.75|
|52 Week Range||37.26 - 87.72|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||86.18|
Okta, Inc. (OKTA), the leading independent provider of identity for the enterprise, today announced that it has closed the acquisition of Azuqua, a leader in no-code, cloud-based business application integration and workflow automation. Together, Okta and Azuqua will provide organizations with a neutral, independent control center for automating the business processes and the flow of identities between applications and services for everyone in an organization — from employees to partners, and customers.
Goldman Sachs upgraded Okta stock to buy on views that the cybersecurity software provider will stay the leader and gain share in identity management services for businesses.
On CNBC's "Mad Money Lightning Round" , Jim Cramer said Bank of America Corp (NYSE: BAC ) is too inexpensive. He wouldn't sell it and if it trades lower, he would buy more. Cramer is not a buyer ...
Okta Inc is an identity and access management company. Its products include Universal Directory,Single Sign-On, Adaptive Multi-Factor Authentication, Lifecycle Management, Mobility Management, and API Access Management. Warning! GuruFocus has detected 1 Warning Sign with FRBK.
Zuckerberg’s 3,000-word blog post about a strong commitment to privacy doesn’t ring true when you read between the lines.
Stocks that moved substantially or traded heavily on Friday: Costco Wholesale Corp., up $11.03 to $227.82 The huge, no-frills retailer reported earnings that were far ahead of what Wall Street analysts ...
A dismal jobs number on Friday morning only added pain to the S&P 500, which has somewhat quietly fallen for five straight sessions. Investors are now wondering if the index is set to bounce or whether more downside is in store. As that plays out, we need to keep our top stock trades in focus.For a breakdown of the S&P 500, check out yesterday's segment. Top Stock Trades for Tomorrow 1: OktaInvestorPlace - Stock Market News, Stock Advice & Trading TipsOkta (NASDAQ:OKTA) initially fell by 8% after reporting earnings. However, it didn't take long for investors to rally the stock back up over $75. In fact, right after the report I said it a rally back over $75 wouldn't be surprising. * 5 Reasons Stocks Are Falling Right Now That was due to the company's strong earnings report and guidance, with only its earnings per share outlook disappointing the Street.With that said, we were hoping to get a pullback in this growth giant down to the $67 to $68 to area. That was a prior support area, while Fibonacci support is down in this area too. It didn't get there, with $70 and the 100-day propelling OKTA higher.Back up over the 50-day and through $80 would make it safe for bulls once again. Below the 50-day puts Friday's low back on the table. Top Stock Trades for Tomorrow 2: Big LotsBetter-than-expected earnings launched Big Lots (NYSE:BIG) higher by 14.5% on Friday. Shares opened at the 100-day, briefly dipped below it, then took off running.The stock isn't closing at its session highs, But a run up to the 200-day and possibly $40 certainly looks possible. With an elevated RSI and the significance of $40 as a prior support level, I'd expect this level to act as resistance on the first test.Bulls can stay long with BIG over the 100-day. Top Stock Trades for Tomorrow 3: TeslaShares of Tesla (NASDAQ:TSLA) remain volatile -- what else is new? -- as the headlines just keep on coming. Bulls have to like that the stock has stood up to the $270 test and is now moving higher.However, below $290 is discouraging and downtrend resistance is very clear. If this name can clear $315, the bulls will be firmly back in charge. A failure to clear this level upon retesting its major moving averages and downtrend resistance mean bears are still in control, but not dominating the name. Top Stock Trades for Tomorrow 4: NvidiaIs Nvidia (NASDAQ:NVDA) becoming range bound between $130 and $160? It's starting to look that way, although it is technically putting together a string of higher lows as well.Bouncing on the 50-day is encouraging this Friday, but should it take out this low next week, I'd expect a decline down to $140. From there, look for a bounce off uptrend support. If it fails, the $130 range lows are on deck. Below and NVDA could be in trouble. Top Stock Trades for Tomorrow 5: Upland SoftwareUpland Software (NASDAQ:UPLD) isn't the biggest company around, but after its top- and bottom-line beat and 17% rally on Friday, the stock could soon be knocking on the door of the $1 billion market cap club.Over $37 and this move is officially a breakout to new highs. The question is, can it stick?I don't really want to go long at Friday's highs and use a stop-loss at the lows, as it leaves me open to a potential loss of 6.8%. However, dabbling in a name like UPLD and we could have a worse risk/reward than that. * 5 Airline Stocks In Serious Trouble Let's see what the stock does Monday or within the first few days of the week. If we get a slightly down open that quickly goes green, it gives bulls a quick long trade with an attractive risk/reward. If we get a 1- to 3-day pullback, it could setup buyers with an attractive entry using Friday's low as their stop-loss.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long NVDA. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dividend Stocks Already Rewarding Shareholders In 2019 * The 10 Best-Performing ETFs This Year * 7 Stocks That Should Be Worried About a Data Dividend Compare Brokers The post 5 Top Stock Trades for Monday: OKTA, TSLA, BIG, NVDA appeared first on InvestorPlace.
The cloud-based identity specialist delivered another round of impressive growth and announced an acquisition.
fell by around 4% on morning despite an increase in fourth-quarter revenue and narrower quarterly losses. The California-based company that specializes in digital identity verification products for businesses posted an adjusted loss per share of 4 cents, half that of the same quarter in the year before. Okta came close to halving its operating loss, too, bringing it down $4.9 million, or 4.3% of total revenue.
Okta (NASDAQ:OKTA) reported earnings last night and OKTA stock is down 12% on the headlines. This is the same old story where the company beats on both the top and bottom lines. But management guidance was not perfect for the coming periods.Investors these days are obsessed with the forecasts … maybe too much so. This is especially true, now that we have a market-wide mini sentiment crisis again as politicians are playing chess with the world's economies.InvestorPlace - Stock Market News, Stock Advice & Trading TipsJust last night we learned that Chinese exports fell 20% from this time last year so there are dynamics at play here beyond all company scope, so management teams have no choice but to be cautious.The company increased sales by 50% from last year and it even guided up its full-year sales above expectations. Investors took issue from the weaker earnings forecast even though OKTA just delivered a loss that was half as much as what was expected. OKTA also announced the acquisition of Azuka.Luckily, OKTA stock came into the event up 27% year-to-date, which is more than double that of the S&P 500. So the stock has some room to give back and support levels below. * 10 Top Pot Stocks 2019 Has to Offer But first, let's look at the fundamentals. It is our human nature to require privacy and security. That's why we build homes with locks and fences. But with the advent of electronics and with the continued dependency that we have for it, we now find it hard to achieve the sense of security in our digital life. Okta helps with that so their services will remain in demand for a while.The online privacy became the hot-button last year when Facebook (NASDAQ:FB) had its Cambridge Analitica issue but it wasn't alone. So as a result, we now know that our private data is at risk everywhere. People feel violated and they demand action and this benefits services like OKTA's.Wall Street saw this opportunity and fell in love with the concept. When that happens it overdoses and buys stocks with too much vigor. Okta stock rose 105% just from November. So giving back a little here is normal. The report management delivered does not change the bullish thesis. This is a growth stock, so I don't worry a lot about the bottom line. They are bound to spend a lot to grow fast. So for now, selling it on an earnings miss is a mistake. How to Approach OKTA Stock After EarningsMost often we see investors push stocks to extremes in both ways and the pendulum swings too far up, then too far down. But, in reality, somewhere in the middle lies the truth. In this case, $87 per share may have been too high too fast, and on the way down, it's probably going to overshoot lower than it should. But it will find footing.Technically, the first support zone should be around $73 per share. This was the neckline from which it broke out mid-January. Such pivot levels usually provide support on the way down because bulls and bears would want to fight it out hard again if and when it gets there. If it fails, there is another similar pivot around $63 that has been in contention since last June.This report changes nothing for those who bought the stock for the long term, so there is nothing to do. I could buy puts to protect equity for the short-term during this headline riddled period. For those looking for an entry point, this dip could be a decent starting point. But I don't do all at once so I'd have the chance to average down in case the selling lingers. * 7 Best Vanguard Funds for 2019 This is especially true since we have a stock market that's throwing a fit and they will take all stocks down regardless of individual fundamentals or technical data. Also, often big drops like Okta stock is doing today are not one-day events. This is a momentum stock, so it moves fast in both directions. When they fall, they appear to be headed to zero. So this is a dangerous knife to catch.In summary, the world will need services like OKTA in the future even more than it does now because the shift to a digital life trend is not a fad and will not reverse. So it will become even more essential for us to have these services to manage our interfaces. So as long as OKTA management is able to execute on plans like this, their future should be bright. Short-term dips like these shall pass. Wall Street experts agree as most of the analysts that cover OKTA rate the stock as a BUY or STRONG BUY and it is trading mid-range of their price targets.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. You can follow him as @racernic on Twitter and Stocktwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dividend Stocks Already Rewarding Shareholders In 2019 * The 10 Best-Performing ETFs This Year * 7 Stocks That Should Be Worried About a Data Dividend Compare Brokers The post Okta Stock Is Falling On a Good Earnings Report appeared first on InvestorPlace.
The Dow Jones industrials lost about 200 points in today's stock market after a weak jobs report contributed to fears of slowing global growth.
The Dow Jones fell sharply Friday as a weak February jobs report fanned global growth concerns after weak China trade data. China stocks were big losers, Costco, Okta were moving.
The acquisition is designed to bolster the San Francisco-based cybersecurity company’s Lifecycle Management product and will increase its headcount as the companies merge.
Okta's (OKTA) fourth-quarter fiscal 2019 results benefit from increasing adoption of the company's Identity solutions and growth in customer base.