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Tag: Okta Inc

  • Okta Shares Surge In After-Hour Trading Following Earnings Release

    Okta Shares Surge In After-Hour Trading Following Earnings Release

    Following the release of its fiscal Q3 2025 earnings report, Okta, Inc. (NASDAQ: OKTA) shares experienced a notable surge on the US stock charts. During after-hours trading, shares climbed 15.53%, reaching $94.40. The surge was fueled by its robust financial performance, including a Non-GAAP net income of $121 million—an impressive increase from the $79 million recorded during the same period last year. Okta’s revenue also rose significantly by $14 million, reaching $665 million, reflecting the success of its strategic initiatives.

    Key Investments Drive Success

    Okta’s focus on its partner ecosystem, public sector vertical, and large customer base has been pivotal in driving top-line growth. Each sector has made significant contributions as a result of these focused efforts, enhancing the company’s standing as a pioneer in identity security solutions. Additionally, since companies of all sizes depend more and more on Okta to update their identity infrastructure, the company’s commitment to innovation has struck a chord with them.

    Increasing Identity Security Recognition

    Building on the success of its 2024 Identity 25 report, Okta recently launched the 2025 Identity 25 nominations. This initiative celebrates individuals advancing identity security, privacy, and innovation across academia, public service, private enterprise, and nonprofits. The annual list honors those pioneering transformative solutions in digital identity management, safety, and user empowerment.

    The Identity 25 acknowledges the challenges posed by emerging technologies such as generative AI and evolving cybersecurity threats. From zero-trust protocol innovators to privacy policy advocates, the program highlights leaders shaping the future of identity security.

    Global Nominations for Broader Impact

    To expand inclusivity, Okta is accepting public nominations for the 2025 Identity 25 until December 6, 2024. The selected nominees will be announced in March 2025. By requesting submissions from all across the world, Okta hopes to raise the bar established by the first list and encourage cooperation and creativity. The program demonstrates Okta’s dedication to promoting developments in digital identity, enabling creative thinkers to tackle urgent issues in a globalized society.

  • 20 Trending Stocks In Software – Infrastructure Industry You Should Be Holding Now

    20 Trending Stocks In Software – Infrastructure Industry You Should Be Holding Now

    In today’s world, we are observing the fast digital transformation that affects all life areas including business, healthcare, manufacturing, and entertainment. Software is ubiquitous and the software industry is considered to be an important industry as the new technologies are evolving with time.  The software industry has made progress rapidly. The global information technology is on pace to reach $5.2 trillion in 2020.

    There are various trends this industry is adapting to keep pace with the fast-moving technological world.  Cloud computing and artificial intelligence is now dominating the technological world today. There are various other trends such as machine learning, blockchain, and edge computing has a major impact on this industry beyond our imagination.

    Let take a quick look at the top 20 trending companies which are following new trends to compete in the market:

    ACI Worldwide Inc. (NASDAQ: ACIW)

    ACI Worldwide Inc. (NASDAQ: ACIW) shares were trading up 2.55% at $27.95 at the time of writing on Monday. ACI Worldwide Inc. (NASDAQ: ACIW) share price went from a low point around $20.03 to briefly over $39.37 in the past 52 weeks, though shares have since pulled back to $27.95. ACIW market cap has remained high, hitting $3.20B at the time of writing, giving it a price-to-sales ratio of more than 2.

    ACI Worldwide Inc. (ACIW) disclosed that it has entered into a strategic partnership with GOLDPoint Systems for installment and specialty lenders. The companies will facilitate debit card loan payments and disbursement of loan proceeds for GOLDPoint Systems’ customers through the integration of the ACI Speedpay solution into the GOLDPoint platform. If we look at the recent analyst rating ACIW, Compass Point initiated coverage on ACIW shares with a Buy rating and a $35.43 price target, which implies room for 7.48% upside momentum this year.

    Adobe Inc. (NASDAQ: ADBE)

    Adobe Inc. (NASDAQ: ADBE) last closed at $486.47, in a 52-week range of $255.13 to $536.88. Analysts have a consensus price target of $552.77. Adobe announced the appointment of Melanie Boulden to its board of directors, effective Oct. 5, 2020. The addition of Boulden expands Adobe’s board of directors from 10 to 11 members. This company has a total market capitalization of $243.37 billion.

    Akamai Technologies Inc. (AKAM)

    Akamai Technologies Inc. (AKAM) stock soar by 0.45% to $109.10. The most recent rating by Needham, on July 22, 2020, is at a Buy. Akamai Technologies Inc. (AKAM) disclosed earlier that it was named a Leader in The Forrester Wave™: Zero Trust eXtended Ecosystem Platform Providers, Q3 2020 evaluation. Forrester evaluated 15 vendors and their Zero Trust security platforms based on 19 criteria, ranking their current offering, strategy, and market presence.

    BlackBerry Limited (NYSE: BB)

    BlackBerry Limited (NYSE: BB) Shares headed rising, higher as much as 1.35%. The most recent rating by TD Securities, on April 01, 2020, is at a Hold.BlackBerry Limited has revealed BlackBerry® Protect Mobile, a new mobile threat defense (MTD) solution that extends the powerful AI-based security in BlackBerry® Protect to mobile devices. Looking at its profitability, it has a current ratio of $2.58 billion.

    Box Inc. (NYSE: BOX)

    Box Inc. (NYSE: BOX) rose 0.70% after gaining more than $0.12 on Monday. Box Inc. (BOX) has disclosed that the U.S. Department of Veterans Affairs (VA) has issued Box an Authority to Operate (ATO). The VA can leverage Box’s cloud content management platform to modernize its technical infrastructure and drive new ways to work in the cloud. This company market capitalization has remained high, hitting $2.76 billion at the time of writing.

    CleanSpark Inc. (NASDAQ: CLSK)

    CleanSpark Inc. (CLSK) last closed at $12.20, in a 52-week range of $0.97 to $15.14. CleanSpark Inc. (CLSK) earlier disclosed that it is entering the Electric Vehicle (EV) charging station space through its recently acquired, wholly-owned subsidiary GridFabric, LLC. GridFabric is an OpenADR (Automatic Demand Response) communications compliance and certification company.

    CrowdStrike Holdings Inc. (CRWD)

    CrowdStrike Holdings Inc. (CRWD) stock soar by 3.58% to $144.88. The most recent rating by Goldman, on October 05, 2020, is at a Buy. CrowdStrike Holdings Inc. has earlier disclosed that it has completed its acquisition of Preempt Security, a leading provider of Zero Trust, and conditional access technology for real-time access control and threat prevention.

    Dropbox Inc. (NASDAQ: DBX)

    Dropbox Inc. (NASDAQ: DBX) shares headed rising, higher as much as 1.72%. The most recent rating by BofA Securities, on July 31, 2020, is at a Neutral. Dropbox Inc. (DBX) CEO and co-founder Drew Houston earlier, said that COVID has accelerated a shift to distributed work that we have been talking about for some time, and these new ways of working will not simply go away when the pandemic is over.

    FireEye Inc. (NASDAQ: FEYE)

    FireEye Inc. (NASDAQ: FEYE) rose 2.22% after gaining more than $0.27 on Monday. FireEye Inc. (FEYE)  earlier disclosed Mandiant® Advantage: Threat Intelligence the first SaaS-based offering by Mandiant Solutions to combine its Threat Intelligence with data from the frontlines of its industry-leading cyber incident response engagements, delivered through an easy-to-use management platform.

    Fortinet Inc. (NASDAQ: FTNT)

    Fortinet Inc. (FTNT) last closed at $119.09, in a 52-week range of $70.20 to $151.95. Analysts have a consensus price target of $139.50. Fortinet Inc. (FTNT) has launched its new free Information Security Awareness and Training service for organizations looking to educate employees about the increasing risks of cyberattacks. This company has a market capitalization of $19.91 billion at the time of writing.

    GoDaddy Inc. (NYSE: GDDY)

    GoDaddy Inc. (NYSE: GDDY) stock soar by 2.57% to $77.09. The most recent rating by Raymond James, on August 06, 2020, is at a Strong buy. GoDaddy Inc. (GDDY) has disclosed that customers can now sell their products on Instagram and Facebook through Websites + Marketing Ecommerce, further expanding the opportunity for them to find new customers and grow sales. As an official Facebook Marketing Partner, GoDaddy is one of the early adopters of Facebook’s Business Extension.

    Limelight Networks Inc. (NASDAQ: LLNW)

    Limelight Networks Inc. (NASDAQ: LLNW) Shares headed falling, lower as much as -1.79%. The most recent rating by Truist, on September 18, 2020, is at a Buy. Limelight Networks Inc. (LLNW) will report financial results for the third quarter of 2020 on Thursday, October 22, 2020. This company has a total market capitalization of $695.37 million at the time of writing.

    Micro Focus International plc (NYSE: MFGP)

    Micro Focus International plc (NYSE: MFGP) rose 7.48% after gaining more than $0.24 on Monday. Micro Focus International plc (MFGP) share price went from a low point around $3.11 to briefly over $16.49 in the past 52 weeks, though shares have since pulled back to $3.55. MFGP market cap has remained high, hitting $1.16 B at the time of writing.

    Microsoft Corporation (NASDAQ: MSFT)

    Microsoft Corporation (NASDAQ: MSFT) last closed at $210.38, in a 52-week range of $132.52 to $232.86. Analysts have a consensus price target of $229.83. Microsoft Corporation (MSFT) Microsoft Corp. is to build a data center hub in Greece as it invests in cloud services infrastructure in the country, a boon to an economy weakened by a decade-long debt crisis and the coronavirus pandemic.

    Cloudflare Inc. (NYSE: NET)

    Cloudflare Inc. (NYSE: NET) stock soar by 2.66% to $42.86. The most recent rating by Needham, on August 07, 2020, is at a Buy. Cloudflare Inc. (NET) has launched Cloudflare Radar, a free public tool that lets anyone view global traffic and security trends across the Internet as they happen. This company has a total market capitalization of $13.19 billion.

    NortonLifeLock Inc. (NASDAQ: NLOK)

    NortonLifeLock Inc. (NASDAQ: NLOK) shares headed rising, higher as much as 4.67%. The most recent rating by Argus, on August 21, 2020, is at a Buy. NortonLifeLock Inc. (NLOK) share price went from a low point around $13.06 to briefly over $24.40 in the past 52 weeks, though shares have since pulled back to $21.69. NLOK market cap has remained high, hitting $12.81 Billion at the time of writing.

    Nutanix Inc. (NASDAQ: NTNX)

    Nutanix Inc. (NASDAQ: NTNX) fall -0.99% after losing more than -$0.22 on Monday. Nutanix Inc. (NTNX) earlier disclosed the release of the first cloud-agnostic multi-database management solution. Era 2.0 extends the Nutanix database management solution across clouds and clusters to simplify operations, with increased scale and reduced costs for IT and database teams.

    Okta Inc. (NASDAQ: OKTA)

    Okta Inc. (NASDAQ: OKTA) last closed at $227.26, in a 52-week range of $88.66 to $231.29. Analysts have a consensus price target of $222.74. Okta Inc. (OKTA) has disclosed it will webcast the Keynote and Investor/Analyst Q&A sessions of Showcase 2020.

    Oracle Corporation (NYSE: ORCL)

    Oracle Corporation (NYSE: ORCL) stock soar by 1.24% to $59.56. The most recent rating by RBC Capital Mkts, on September 21, 2020, is at an Outperform. Paytronix Systems, Inc., the most advanced digital guest experience platform and a member of Oracle PartnerNetwork (OPN), today announced the integration of Paytronix Order & Delivery with Oracle MICROS Simphony POS.

    Anaplan Inc. (NYSE: PLAN)

    Anaplan Inc. (NYSE: PLAN) Shares headed falling, lower as much as -1.04%. The most recent rating by Needham, on August 27, 2020, is at a Buy. Anaplan Inc. (PLAN) market capitalization has remained high, hitting $8.85 billion at the time of writing.

  • Here’s 10 Trending Stocks in Software – Infrastructure Industry

    Here’s 10 Trending Stocks in Software – Infrastructure Industry

    Tech stocks have been on fire lately. It appears that they continue hitting new record-breaking highs, for quite a while. Software is everywhere & considered to be the focal point of business innovation lately. The software industry made progress rapidly. The primary mode of software deployment has moved from legacy on-premise to cloud architecture with SaaS considered to be the preferred delivery mode.

    A number of significant organizations are running on Software and provided as online services from movies to agriculture, etc. Tech stocks keep pushing new highs as time passes. A number of silicon-valley styles entrepreneurial tech companies are winning the race.

    Here some of the booming software infrastructure stocks you should add to your list.

    Nutanix Inc. (NASDAQ: NTNX) shares were trading up 29.17% at $28.03 at the time of writing on Friday. Nutanix Inc. (NASDAQ: NTNX) share price went from a low point around $11.31 to briefly over $37.86 in the past 52 weeks, though shares have since pulled back to $28.03. NTNX market cap has remained high, hitting $4.33B at the time of writing, giving it a price-to-sales ratio of more than 3.

    If we look at the recent analyst rating NTNX, Robert W. Baird downgraded coverage on NTNX shares with a Neutral rating and a $28.71 price target, which implies room for 0.68% upside momentum this year.

    Microsoft Corporation (NASDAQ: MSFT) last closed at $228.91, in a 52-week range of $132.52 to $231.15. Analysts have a consensus price target of $226.93.

    Oracle Corporation (NYSE: ORCL) stock soar by 1.22% to $57.88. The most recent rating by Argus, on June 19, 2020, is at a Hold. Oracle saw a positive change in its earning growth and has been doing great lately compares to other companies that have been seeing a negative change in its growth.

    Square Inc. (NYSE: SQ) Shares headed rising, higher as much as 0.21%. The most recent rating by Mizuho, on August 27, 2020, is at a Buy.

    Dropbox Inc. (NASDAQ: DBX) rose 2.02% after gaining more than $0.41 on Friday. Dropbox, Inc saw a sharp increase in its share price movements in the recent months.

    NortonLifeLock Inc. (NASDAQ: NLOK) last closed at $24.05, in a 52-week range of $13.02 to $24.40. Analysts have a consensus price target of $24.33.

    BlackBerry Limited (NYSE: BB) stock soar by 3.98% to $5.23. The most recent rating by TD Securities, on April 01, 2020, is at a Hold.  BlackBerry (NYSE: BB) announced the Redemption of Existing Convertible Debentures. BlackBerry has given the notice of redemption to all holders of the 3.75% debentures. BB set the outstanding principal amount of the 3.75% Debentures is US$605 million.

    Okta Inc. (NASDAQ: OKTA) Shares headed falling, lower as much as -4.79%. The most recent rating by RBC Capital Mkts, on July 06, 2020, is at an Outperform. The return on capital employed ratio of Okta Inc. has disclosed that the current assets of the company are not helping it achieving higher returns.

    Box Inc. (NYSE: BOX) fall -1.19% after losing more than -$0.24 on Friday. Box, Inc. aimed to develop a solution and strived to build a platform that engaged in managing the content in the cloud.  The company has disclosed the stellar Q2 2021 earnings report. It has reported the revenue of US 1992.3 million. Its revenue beat analysts expectation as its recorded the 11%rise in Q2 revenue.

    CrowdStrike Holdings Inc. (NASDAQ: CRWD) last closed at $118.64, in a 52-week range of $31.95 to $119.94. Analysts have a consensus price target of $112.67. The stock of CrowdStrike Holdings has moved up more than 30% over the past 12 months. Its revenue rose 85% last quarter with the increase of its subscribers base.