|Bid||60.90 x 1800|
|Ask||61.09 x 900|
|Day's Range||60.31 - 61.30|
|52 Week Range||52.28 - 61.58|
|Beta (3Y Monthly)||0.47|
|PE Ratio (TTM)||15.94|
|Forward Dividend & Yield||2.46 (4.08%)|
|1y Target Est||N/A|
Adrian Steckel, CEO of OneWeb, believes space is a “shared resource” and calls for regulations to level the playing field.
In recent weeks Verizon has raised a HuffPost sale with potential acquirers, according to two people familiar with the discussions. The attempt to sell the progressive news site is a sign of how Verizon is continuing to slim down the family of dotcom businesses it amassed with the costly acquisition of Yahoo and AOL, assets it wrote down by almost $5bn earlier this year.
Cloud security company Okta (NASDAQ:OKTA) had a tremendous couple of years. Since trading at just $22.60 in early 2017, it quickly became a crowd favorite, soaring as high as $141.85. Since then, OKTA has crashed 34% off those highs. However, the plunge in OKTA stock has created a long-term buying opportunity.Source: Sundry Photography / Shutterstock.com A part of this opportunity comes from the fact that the company has disrupted the cloud-based security market, using a unique identity-based approach to security.For example, its Identity Platform assists companies of all sizes with tracking how their employees access and use cloud-based applications from anywhere in the world. While that may not seem important, consider this: Up to 81% of all data breaches have been caused by weak and even reused passwords, according to Verizon's (NYSE:VZ) 2017 Data Breach Investigations Report.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThat can put an entire organization at risk, and that's where Okta comes into play. Okta Stock Is a Game-ChangerWith its cybersecurity tools, Okta tapped into a sweet spot of a market expected to grow 13% per year to $23.4 billion by 2025, according to Zion Market Research."The rising momentum of web-based applications and remote working has led the users to stay connected with organizational resources without putting security at risk. Moreover, organizations are hosting applications on the cloud, making it extremely important to manage their authentication and authorization for various applications and organizational data, thereby driving the identity and access management market," Zion notes. * 10 Stocks to Sell Before December's Meltdown Thanks to Okta's unique approach to protecting cloud security, it will benefit from that significantly. Its Identity Cloud Platform, for example allows people to securely access a network through a multi-factor authentication and sign-in security process. That alone can stop unauthorized visits. Then, once a user has been verified, they can access apps they've been granted access to, including cloud-based applications.The company also launched SecurityInsights, which provides companies with personalized security detection and solution capability. This allows users to report suspicious activity, helping companies take quick action against potential cyberattacks.Okta also partnered with software company Atlassian (NASDAQ:TEAM). Companies can now integrate Okta's authentication technology into Atlassian cloud products, giving users secure access in a safer online environment. Okta Fundamentals Are ImprovingGranted, OKTA stock did drop 34% from September. However, the pullback is temporary.For one, the company remains in net loss territory. As Demitrios Kalogeropoulos pointed out in his OKTA earnings breakdown for the Motley Fool, this net loss comes even after the company increased its cash burn to 1% of revenue from 6% of revenue year-over-year.With that, and a new private offering of $1 billion worth of convertible debt notes, nervous investors sent the stock lower.However, I'm not greatly concerned by that, and see further upside in the stock, especially with earnings. In fact, in recent months, "[t]he company reported sales of $141 million, representing 49% growth year over year."As Kalogeropoulos notes, that was also well above company predictions for $131 million in sales. Meanwhile, subscription revenue jumped 51% to $132.5 million. Okta also added about 450 customers, growing its total customer base to more than 7,000, which includes some of the world's largest companies.Going forward, Okta raised its outlook for the second straight quarter, "targeting fiscal-year sales of between $560 million and $563 million." That's up from expectations of "between $543 million and $548 million" from May 2019. It's also up from the $530 million to $535 million forecast set at the start of the year. The only issue is a stable profit. "Non-GAAP net losses are on track to land at between $0.44 and $0.42 per share this year, compared with $0.32 per share last year," Kalogeropoulos writes. * 7 Software Stocks to Buy for Growth The Bottom Line on Okta Inc StockWhile I'm not happy seeing losses push higher, I'm confident in the company's longer-term outlook with explosive earnings and forecasts. Given its exposure to a growing cybersecurity market, and big demand from global businesses, I'm also not concerned about its growth.Long-term, OKTA stock is a winner that hit a temporary rough patch. I don't believe it's anything to be concerned with. Instead, we should focus on the long-term growth story here. With sizable growth prospects, it's tough to argue for further downside.With patience, I expect Okta Inc stock to resume its powerful uptrend, especially since cybersecurity issues show no signs of cooling.As of this writing, Ian Cooper did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Reasons to Buy Canopy Growth Stock * 7 Restaurant Stocks to Leave on Your Plate * 4 Turnaround Plays to Buy Now The post The Correction Is a Solid Opportunity to Buy Okta Stock appeared first on InvestorPlace.
Commercial drivers are among the safest drivers on the roadways, but based on general public perception, and anti-trucking safety groups that highlight the number of yearly incidents involving big rigs, it would be difficult to tell that. According to data within the Federal Motor Carrier Safety Administration's Motor Carrier Management Information System (MCMIS), there were 164,529 large trucks involved in crashes in 2018, with 79,879 injuries and 4,708 deaths reported. In 2013, the American Trucking Associations released results of a research project conducted by the University of Michigan Transportation Research Institute.
5G is the hottest topic in telecommunications. But can carriers actually make any money from it? Moffett Nathanson raises that question in a new report.
The New England region is expected to play a big role in the race to deploy the fifth generation of wireless networks, also known as 5G, according to a U.S. Department of Commerce official.
(Bloomberg) -- If activist shareholder Elliott Management Corp. has its way, more than 30,000 AT&T Inc. workers could lose their jobs or face reductions in wages, according to a new estimate from the Communications Workers of America union.Most of the impact on workers would come from divestitures of DirecTV and AT&T’s landline business and closures of the company’s retail locations, if the company follows Elliott’s suggestions, said the CWA, which represents more than 100,000 AT&T employees.In September, billionaire Paul Singer’s New York hedge fund disclosed a new $3.2 billion position in AT&T, along with a plan to boost the telecom and media giant’s share price by more than 50% through asset sales and cost cutting. The fund hasn’t specifically called for job cuts. AT&T has said it has no plans to dispose of DirecTV, but Elliott could potentially engage in a proxy battle to push its agenda through.“If Elliott doesn’t get their way, they are going to do a proxy fight on the board, and then any or all of these things could happen,” said Christopher Shelton, president of the CWA. “We can’t leave that to chance, because that’s 30,000 jobs.”The Teamsters Union said Wednesday that it “stands in solidarity” with the CWA and its members “as they fight back against plans by a vulture capitalist hedge fund that would harm the company’s workers.” The Teamsters represent 1.4 million people.Elliott and AT&T didn’t immediately respond to requests for comment.Among the potential cuts the CWA sees:DirecTV employs about 10,000 workers represented by the CWA and the International Brotherhood of Electrical Workers whose jobs could be at risk if AT&T decides to divest the business, said Nell Geiser, assistant director of research at the CWA. Some of these jobs are at call centers, while others include technicians who do home installations and tech support.The landline business is supported by about 11,000 people whose jobs may be at risk and who work in rural areas in 26 states, the CWA estimated.Were AT&T to match Verizon Communications Inc. in the number of branded stores operated by third-party dealers, rather than by the company, it would close 970 corporate locations, the CWA said. It might close some additional corporate outlets due to geographic redundancy. In total, these moves would eliminate more than 8,500 retail sales workers, according to the CWA.If AT&T sells its operations in Puerto Rico and the Virgin Islands to Liberty Latin America Ltd. as planned, that could affect about 900 union jobs, the CWA said.The estimates don’t include workers who aren’t yet part of a union, “such as the tens of thousands at WarnerMedia,” the CWA said.These estimates should be taken with a grain of salt. In September, AT&T said DirecTV isn’t for sale, for example. Earlier this month, presidential candidate Elizabeth Warren called on AT&T to reject Elliott’s proposal as it would result in loss of jobs.(Updates with Teamsters comment in fifth paragraph.)\--With assistance from Scott Deveau and Scott Moritz.To contact the reporter on this story: Olga Kharif in Portland at email@example.comTo contact the editors responsible for this story: Nick Turner at firstname.lastname@example.org, John J. Edwards III, Rob GolumFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
We used our Zacks Stock Screener to search for companies within the broader technology sector that also pay a dividend that investors might want to buy as Q3 earnings season heats up...
T-Mobile stock is consolidating as the proposed Sprint merger’s fate remains unclear. Here is what a fundamental and technical analysis says about buying stand-alone T-Mobile sans Sprint.
Bernstein has launched coverage of the telecom, cable and satellite sector with a mostly positive outlook and bullish recommendations on several stocks. The Analyst Bernstein analyst Peter Supino initiated ...
Keysight (KEYS) rides on robust adoption driven by high demand for 5G design and test solutions along with strong pipeline for new business bookings.
Moody's Investors Service ("Moody's") assigned a Ba1 to Charter Communications, Inc.'s (Charter, Ba2 stable) new 30-year senior secured notes (maturing 2050) issued at Charter Communications Operating, LLC (CCO). Charter also upsized the recently issued 4.75% senior unsecured notes (maturing in 2030), at CCO Holdings, LLC (CCO Holdings), with a $500 million fungible add-on.
Google stock advanced on Tuesday amid the unveiling of the Pixel 4 smartphone, which takes on the new Apple iPhone 11 and Samsung devices. Meanwhile, Apple stock slipped on the news.
Verizon stock usually is a dividend play, as are the shares of its rival AT&T.; But Verizon 5G lies ahead. Here's what various analyses say about Verizon as 5G wireless comes into play.
Ericsson's (ERIC) third-quarter results are supported by commercial 5G contract wins in 19 customer networks across 15 countries, spanning four continents.
Shares of AT&T (T) have surged 31% in 2019 to easily top its industry's 8% average climb and the S&P 500's 17% jump. So will AT&T stock continue to climb after it reports its Q3 2019 earnings results?
Verizon Communications (VZ) closed at $59.59 in the latest trading session, marking a -0.57% move from the prior day.
Yahoo Finance Editor-in-Chief Andy Serwer sits down with former UN Ambassador and National Security Advisor to President Obama, Susan Rice.
OneWeb CEO Adrian Steckel explains how his company is rivaling Elon Musk's SpaceX and Jeff Bezos' Blue Origin with Yahoo Finance's Akiko Fujita on "The Ticker."