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☆ Cramer's Lighting Round: Dell is a buy
▼ + stars: | 2024-05-01 | by ( Julie Coleman | ) www.cnbc.com time to read: 1 min

Stock Chart Icon Stock chart icon Matterport's year-to-date stock performance. Stock Chart Icon Stock chart icon Nextracker's year-to-date stock performance. Stock Chart Icon Stock chart icon Dell's year-to-date stock performance. Stock Chart Icon Stock chart icon Okta's year-to-date stock performance. Stock Chart Icon Stock chart icon Ford's year-to-date stock performance.

Persons: You've Organizations: Dell Locations: Ford

☆ State-backed cyberattacks, AI deepfakes, and more: Experts reveal UK election cyber threats
▼ + stars: | 2024-04-08 | by ( Ryan Browne | ) www.cnbc.com time to read: +5 min

State actors have since made routine attacks in various countries to manipulate the outcome of elections, according to cyber experts. "Right now, generative AI can be used for harm or for good and so we see both applications every day increasingly adopted," Meyers told CNBC. "This democratic process is extremely fragile," Meyers told CNBC. "You can train those voice AI models very easily ... through exposure to social [media]," Holmes told CNBC in an interview. It's just one example of many deepfakes that have cybersecurity experts worried about what's to come as the U.K. approaches elections later this year.

Persons: Andrew Brookes, Rishi Sunak, Todd McKinnon, Okta's McKinnon, We're, Adam Meyers, CrowdStrike, Meyers, Dan Holmes, Holmes, Keir Starmer, what's Organizations: Getty, Britain, CNBC, British, U.S, APT, New Zealand, Labour Party, Local, Facebook, Meta, Google Locations: Russian, Moscow, London, Wuhan, U.S, Australia, New, China, cybersecurity, Russia, Iran

☆ Here are Thursday's biggest analyst calls: Tesla, Apple, Microsoft, Delta, Disney, Snowflake, Okta, Salesforce & more
▼ + stars: | 2024-02-29 | by ( Michael Bloom | ) www.cnbc.com time to read: +10 min

Goldman Sachs reiterates Salesforce as buy Goldman said it's standing by its buy rating following the company's robust earnings report on Wednesday. "Multiple high-profile catalysts should double revs by FY28 & support an Outperform rating with a $54 PT." "We initiate coverage of Gates Industrial (GTES) with a Buy rating and $21 price target. The more aggressive stance follows a near week long sell-off in COLD shares following 4Q results and initial 2024 guidance." Goldman Sachs reiterates Microsoft as buy Goldman said it's standing by its buy rating after a meeting with Microsoft investor relations.

Persons: Jefferies, Roth, Roth MKM, Morgan Stanley downgrades Snowflake, Morgan Stanley, Goldman Sachs, Salesforce, Goldman, it's, TD Cowen downgrades Macy's, Telsey, TD Cowen, Wells, Needham, " Jefferies, Tesla, Coupang, Baird, Cantor Fitzgerald, Cantor, Gates, Piper Sandler, Piper, Raymond James, William Blair, Gordon Haskett downgrades, Haskett, Frank Slootman's Organizations: Jefferies, Barrick Gold, NEM, UBS, Apple, Mar, Bitdeer Technologies, BTC, Citi, United Airlines, Delta, Delta Air Lines Inc, DAL, Deere & Company, American Airlines Citi, Catalyst Watch, Reliance, Star India, JV, UBS downgrades Republic Services, Downside, RBC, Xenia Hotels, Resorts, Deutsche Bank, Deutsche, Products, Gates, NTR, LXU, UW, Bank of America, underperform Bank of America, Realty Trust, Fidelity, Korn, Microsoft, Macquarie Locations: U.S, China, American's, DIS's, Xenia, Federal, Korea

☆ Stocks making the biggest moves midday: Chemours, Snowflake, Hormel, C3.ai and more
▼ + stars: | 2024-02-29 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

It posted earnings of 41 cents per share, excluding items, on revenue of $3 billion. Analysts polled by FactSet had called for earnings of 34 cents per share on $2.91 billion in revenue. C3.ai — The artificial intelligence software stock advanced more than 24% after C3.ai posted a narrower-than-expected adjusted loss per share of 13 cents. Pure Storage — Shares jumped more than 22% after the data storage company posted stronger-than-expected fourth-quarter earnings and upbeat first-quarter guidance. However, fourth-quarter revenue of $1.1 billion did top LSEG estimates of $1.05 billion.

Persons: FactSet, Morgan Stanley, Chemours, —, Birkenstock, Snowflake, Frank Slootman, LSEG, Duolingo, Alex Harring, Yun Li, Michelle Fox Theobald Organizations: Beverage, RBC, Bank of America Securities, Bank of America, Paramount, AMC Entertainment

Goldman Sachs raised its price target on General Motors after the stock's best day since early 2021. The bank reiterated a buy rating as well as a top pick label, accompanied by a $300 per share price target. Goldman Sachs also maintained its buy rating and increased its target price to $345 per share from $340. To be sure, it maintained its $16 per share price target, which implies more than 3% downside from Wednesday's $16.52 close. — Brian Evans 5:45 a.m ET: Goldman raises GM price target Goldman Sachs analyst Mark Delaney increased his price target on General Motors to $45 from $42 after a series of bullish moves by the auto giant.

Persons: Goldman Sachs, Morgan Stanley, 31.6x, Eric Heath, Wells, Andrew Nowinski, — Brian Evans, José Neves, Marvin Fong, Brian Evans, Salesforce, Brad Sills, Kash Rangan, Jefferies, Snapchat, Pinterest, James Heaney, Meta Marshall, Mark Delaney, Delaney, Fred Imbert Organizations: CNBC, General Motors, Hewlett Packard Enterprise, Wall, Bank of America, SNAP, Goldman, GM Locations: Okta, America

☆ Okta hackers stole data on all customer support users, company says
▼ + stars: | 2023-11-29 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Hackers who compromised Okta's customer support system stole data from all of the cybersecurity firm's customer support users, Okta said in a letter to clients Tuesday, a far greater incursion than the company initially believed. An Okta spokesperson told CNBC that customers in government or Department of Defense environments were not impacted by the breach. It also makes Okta a high-profile target for hackers, who can exploit vulnerabilities or misconfigurations to gain access to a slew of other targets. Bloomberg first reported on the letter to Okta customers. Okta first disclosed earlier this month that its customer support system had been hacked but said at the time that around 130 customers were impacted by the breach.

Persons: Okta Organizations: CNBC, Department of Defense, MGM, Caesars, Bloomberg

☆ Password authenticator Okta says hackers stole names and email addresses of all its customer support users
▼ + stars: | 2023-11-29 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

Okta said hackers stole a report with names and email addresses of all customer support users. Those users face an "increased risk of phishing," the password authenticator said in a blog. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . But in a blog post Wednesday, Okta said hackers stole a report that included the names and email addresses of "all Okta customer support system users." A group of hackers called Lapsus$ extortion group accessed a customer support engineer's account in January 2022 and shared screenshots of Okta's systems, per the report.

Persons: Okta, —, David Bradbury, Bradbury Organizations: Service, FedEx, P, TechCrunch Locations: San Francisco

☆ Okta says hackers stole data for all customer support users in cyber breach
▼ + stars: | 2023-11-29 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsNov 28 (Reuters) - Okta (OKTA.O) said on Tuesday that hackers stole information on all users of its customer support system in a network breach two months ago. The San Francisco-based company notified customers that it has determined hackers downloaded a report containing data including names and email addresses of all clients that use its customer support system, the company said in an emailed statement to Reuters. Okta's shares slumped in October after the company said that the breach allowed some hackers to view files uploaded by certain clients. Okta provides identity services such as single sign-on and multi-factor authentication to secure logins for online applications and websites to customers, including Microsoft-backed OpenAI. Reporting by Utkarsh Shetti and Anirudh Saligrama in Bengaluru; Editing by Dhanya Ann ThoppilOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Okta, Utkarsh Shetti, Dhanya Ann Thoppil Organizations: REUTERS, Reuters, Okta's, Microsoft, Thomson Locations: San Francisco, Bengaluru

☆ Stocks making the biggest moves midday: Foot Locker, Okta, Carnival, Shopify and more
▼ + stars: | 2023-11-27 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Carnival — Shares added 1% after being upgraded to buy from hold by Melius Research . Crown Castle — The telecommunications stock jumped nearly 4% following an activist push for change at Crown Castle. Shares of Crown Castle are down 20% this year. Okta — Shares of the software company dropped 3% Monday after JMP Securities downgraded Okta to market perform. Teva Pharmaceuticals — U.S.-traded shares jumped 3% after an upgrade from UBS to buy from neutral.

Persons: Locker, Josh Weinstein, Melius, Okta, JMP, Albemarle —, Etsy, TD Cowen, —, Alex Harring, Hakyung Kim, Sarah Min, Michelle Fox, Jesse Pound, Darla Mercado Organizations: Citi, Melius Research, Crown, Elliott Investment Management, Sunday, JMP Securities, Albemarle, Battery Tech, U.S, Teva Pharmaceuticals —, UBS, Xenon Pharmaceuticals, —, Adobe Analytics Locations: Crown, Albemarle

☆ Stocks making the biggest moves premarket: Okta, Foot Locker, Crown Castle and more
▼ + stars: | 2023-11-27 | by ( Hakyung Kim | ) www.cnbc.com time to read: +1 min

Teva Pharmaceutical — Shares gained 2.4% following an upgrade from UBS to buy from neutral. Mondelez — Shares rose 1.1% after RBC upgraded the snack maker to outperform from sector perform, citing share gains, category growth and expanding retail footprint. Foot Locker — The shoe-and-apparel retailer retreated 3.6% on the heels of a downgrade to sell from neutral by Citi. E-commerce stocks — Shares ticked up across the board on Cyber Monday. GE HealthCare Technologies — GE HealthCare Technologies shares fell 3% following a downgrade.

Persons: Jefferies, Elliott Management, Elliott, Locker, —, Alex Harring, Sarah Min Organizations: Teva Pharmaceutical, UBS, Wall Street Journal, RBC, Citi, Etsy, Ebay, Walmart, GE HealthCare Technologies

☆ Okta cybersecurity breach wipes out more than $2 billion in market cap
▼ + stars: | 2023-10-23 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +1 min

Okta has shed more than $2 billion from its market valuation since the company disclosed a hack of its support systems Friday. Okta is a lesser-known name but forms a critical part of cybersecurity systems at major corporations. Zoom , for example, uses Okta to give "seamless" access through a single login to the company's Google Workspace, ServiceNow , VMware and Workday platforms. At least one of those clients said it had alerted Okta about a potential breach weeks earlier. In a separate post Friday, privately held identity management firm BeyondTrust said it had told Okta's security teams about suspicious activity in BeyondTrust's own Okta systems on Oct. 2.

Persons: Okta, BeyondTrust, Okta didn't Organizations: VMware Locations: Las Vegas

☆ Stocks making the biggest moves midday: Chevron, Okta, Walgreens, Spirit AeroSystems and more
▼ + stars: | 2023-10-23 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

Chevron — Chevron shares fell 3% after the energy giant agreed to buy Hess in a $53 billion all-stock deal , or $171 per share. Walgreens Boots Alliance — Shares popped 5.4% on Monday after JPMorgan upgraded shares to overweight from neutral and raised its price target. Beauty — Shares added 5% after Raymond James upgraded shares to strong buy from outperform in a Monday note. Spirit AeroSystems — The aerospace company's shares gained 4.8% after Bernstein raised its rating on shares to outperform from market perform. FMC Corp — The insecticide company's shares tumbled 12% after FMC issued third-quarter guidance that's lower than what it originally called for.

Persons: Hess, Okta, Pinterest, Raymond James, Olivia Tong, Tong, Bernstein, Pat Shanahan, EngageSmart, Stonepeak, CNBC's Pia Singh, Samantha Subin, Alex Harring, Sarah Min Organizations: Chevron — Chevron, Chevron, Exxon Mobil, Natural Resources, Citi, Evercore, Stifel, Walgreens, JPMorgan, Vista Equity Partners, Textainer, Clean Holdings, FMC Corp, FMC Locations: Guyana, U.S, America

☆ Stocks making the biggest moves premarket: Chevron, Apple, Walgreens Boots Alliance and more
▼ + stars: | 2023-10-23 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Chevron , Hess — Chevron shares slumped more than 2% after the oil giant said its buying smaller rival Hess in an all-stock deal totaling $53 billion, or $171 a share. Hess shares moved slightly higher. Walgreens Boots Alliance — The pharmacy operator rose nearly 3% after JPMorgan upgraded Walgreens Boots Alliance shares to overweight from neutral. Salesforce — The software giant lost nearly 2% after Piper Sandler downgraded shares to neutral from overweight, citing heightened execution and M & A risks. Bank of America downgraded Alcoa to a neutral rating and slashed its price target, citing concerns of a near-term earnings decline.

Persons: Hess, Stonepeak, Piper Sandler, Roche, —, Jesse Pound Organizations: Hess, Chevron, Apple, Global Times, Walgreens, Alliance, JPMorgan, Roivant Sciences, Pfizer, Telavant Holdings, Citi, Evercore, Alcoa, Bank of America Locations: Chevron, China

☆ Software firm Okta's shares slump on cyber breach
▼ + stars: | 2023-10-20 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsOct 20 (Reuters) - Okta (OKTA.O) on Friday disclosed a breach of its customer support system that allowed some hackers to view files uploaded by certain clients, pushing the software company's shares down about 12%. "Okta security has identified adversarial activity that leveraged access to a stolen credential to access Okta's support case management system," Chief Security Officer David Bradbury said in a blog. The company said its support case management system was different from production Okta service, which was fully operational and was not impacted. Okta shares ended down 11.6% at $75.57. Reporting by Yuvraj Malik in Bengaluru; Editing by Sriraj KalluvilaOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, David Bradbury, Okta, Yuvraj Malik, Sriraj Organizations: REUTERS, Microsoft, Thomson Locations: San Francisco, Bengaluru

☆ Okta shares fall 11% after company says client files were accessed by hackers via its support system
▼ + stars: | 2023-10-20 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +1 min

Shares of cybersecurity firm Okta closed down 11.5% after the company said an unidentified hacking group had accessed files that "certain Okta customers" had uploaded to Okta's support system. Okta said the hackers were able to access the system using a stolen credential. Some of the largest companies in the world use Okta to streamline their login and identity management systems, including FedEx and Zoom , according to the company. The breach disclosed Friday does not impact client systems, just a support platform Okta uses to help its clients diagnose issues. "We have notified impacted customers and taken measures to protect all our customers," the company said.

Persons: Okta Organizations: FedEx

☆ Okta's support system breached using stolen credentials
▼ + stars: | 2023-10-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOkta's support system breached using stolen credentialsCNBC's Steve Kovach joins 'Closing Bell' to report on Okta as the company's stock plunged following the news that an unidentified hacker had accessed their support system.

Persons: Steve Kovach

The FBI is investigating the MGM and Caesars breaches, and the companies did not comment on who may be behind them. In some cases - Mandia did not say which ones - hackers tied to Scattered Spider placed bogus emergency calls to summon heavily armed police units to the homes of executives of targeted companies. ALPHV, which according to Mandiant is a "ransomware-as-a-service", would provide services such as a helpdesk, webpage and branding, and in turn get a cut of whatever Scattered Spider would make from the hack. While many ransomware attacks go unpublicised, the MGM hack was a vivid example of the real-world impact of such incidents. Ransomware gangs often function like large organizations, and continue to evolve their methods to adapt to the latest security measures organizations use.

Persons: Bridget Bennett, helpdesk, they’d, Wendi Whitmore, Adam Meyers, it's, Kevin Mandia, Mandiant, Reuters couldn't, CrowdStrike's Meyers, helpdesks, David Bradbury, they've, Bradbury, ALPHV, Okta's Bradbury, Whitmore, Zeba Siddiqui, Raphael Satter, Chris Sanders, Claudia Parsons Organizations: MGM, MGM Resorts, REUTERS, FRANCISCO, Alto Networks, Caesars Entertainment, FBI, Caesars, Google, Reuters, Microsoft, British, Thomson Locations: Las Vegas , Nevada, U.S, WASHINGTON, Canada, Japan, United States, reassign, Las Vegas, San Francisco, New York

☆ Okta CEO on MGM breach: Companies are under 'massive attack from cybercriminals'
▼ + stars: | 2023-09-15 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Okta CEO Todd McKinnon told CNBC's Jim Cramer on Friday that all companies are under attack from cybercriminals. McKinnon explained he would not comment publicly on the ongoing issue, but said the company is working with MGM. "Okta customer or not," he said, "they're all under massive attack from cybercriminals. The amount that cybercriminals can gain from attacking companies and organizations and governments is super high. So one of the things that we pride ourselves at Okta is working very closely, collaborating with everyone in the ecosystem," he said.

Persons: Todd McKinnon, CNBC's Jim Cramer, McKinnon Organizations: MGM Resorts, MGM Locations: cybercriminals

CrowdStrike shares rose as much as 10.2% to $164.41 on Thursday and was last trading at $162, up 8.59%. Okta's shares rose 17.6% to $86.50, their highest level since May. Other cybersecurity firms were also trading higher, buoyed by CrowdStrike and Okta. Multiple analysts raised their price target for the shares of CrowdStrike and Okta in reaction to the news. Austin, Texas-based CrowdStrike delivers cloud-based cybersecurity protection through its Falcon platform that is used by many large U.S. companies.

Persons: Dado Ruvic, CrowdStrike, Okta, Chibuike Oguh, Lance Tupper, Mark Porter Organizations: REUTERS, CrowdStrike Holdings, Okta Inc, Wall, Zscaler Inc, Nasdaq, Palo Alto Networks, Thomson Locations: CrowdStrike, Austin , Texas, U.S, San Francisco, New York

☆ Okta forecasts quarterly revenue above expectations, shares surge
▼ + stars: | 2023-08-30 | by ( ) www.reuters.com time to read: +2 min

Okta's shares rose 10% after the bell, after the company also raised its annual revenue and adjusted earnings forecast. It also raised its revenue expectations for fiscal year 2024 to $2.21 billion to $2.21 billion from $2.18 billion to $2.19 billion earlier. Subscription backlog, a measure of future revenue, rose 8% to $3.03 billion. The identification software provider's revenue rose 23% in the second quarter from a year earlier to $556 million, beating expectations of $534.5 million. Its peer Cyberark Software (CYBG.F) also topped quarterly revenue expectations in June, in a positive sign for the sector.

Persons: Dado Ruvic, Okta, Arsheeya Bajwa, Krishna Chandra Organizations: REUTERS, Microsoft, Thomson Locations: San Francisco, Asia, Bengaluru

Macy's also slashed its full-year earnings and sales guidance, after "demand trends weakened" for discretionary items in March. Dollar General — Shares tumbled 9% after the company reported an earnings and revenue miss for the first quarter. The lingerie retailer reduced its full-year revenue guidance in the low-single digits range from the prior mid-single digit range estimates. Veeva also raised its full-year earnings per share guidance by 26 cents. The company's full-year revenue guidance also topped analysts' estimates.

Persons: Nordstrom, Nordstrom's, Salesforce, Okta, Okta's, Macy's, CrowdStrike's, Refinitiv, Veeva, Macheel, Samantha Subin, Jesse Pound, Michelle Fox Organizations: BMO Capital, Saudi Arabia's Public Investment Fund, Chewy, —, JPMorgan, CSX, UBS, Systems Locations: New York City, Canada

UBS says Okta 's "compelling mix of growth and improving profitability" is currently underappreciated by investors. The bank initiated coverage on Okta with a buy rating and a price target of $100, which implies 35% upside from Friday's closing price. However, the workforce identity software company's stock has dropped more than 48% over the past 12 months. UBS thinks Okta's margin expansion opportunity is not yet fully appreciated by investors. "Our Buy Rating and constructive view on Okta is predicated on the company's ability to accelerate growth in CY24 while continuing to deliver meaningful margin expansion.

☆ Cramer’s week ahead: Strong labor report could lead Fed to more aggressive rate hikes
▼ + stars: | 2022-11-28 | by ( Krystal Hur | ) www.cnbc.com time to read: +4 min

ETProjected EPS: 84 centsProjected revenue: $1.59 billionCramer predicted it'll be difficult for the company to top its last "spectacular" quarter. Wednesday: Hormel Foods, Petco, Salesforce, OktaHormel FoodsQ4 2022 earnings release at 6:30 a.m. ETProjected EPS: 50 centsProjected revenue: $3.38 billionHormel might follow other food stocks that have stopped going down, Cramer said. ETProjected EPS: 16 centsProjected revenue: $1.49 billionHe said he's worried the company will report disappointing results. Thursday: Dollar General, Kroger, Ulta Beauty, Marvell TechnologyDollar GeneralQ3 2022 earnings release at 6:55 a.m.

☆ 8 companies Amazon, Microsoft, or Google might buy as they shop for deals amid the market downturn, including Workday, Unity, and Roku
▼ + stars: | 2022-09-15 | by ( Belle Lin | ) www.businessinsider.com time to read: +13 min

That means Amazon Web Services, Microsoft Azure, and Google Cloud could be poised for a merger-and-acquisition spree. As for cloud acquisitions, analysts said Amazon's cloud unit didn't often buy companies. Cybersecurity has been a greater focus for Microsoft, AWS, and Google Cloud after the hack of the IT-software company SolarWinds in 2020. In 2019, Google purchased the data-analytics company Looker for $2.6 billion in cash under Google Cloud CEO Thomas Kurian. With Kurian at the helm, bringing with him the Oracle acquisition playbook, Google Cloud may now have a bigger M&A appetite.

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