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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.

☆ Jim Cramer's top 10 things to watch in the stock market Friday: Stars of first quarter and Alphabet's AI risk
▼ + stars: | 2023-03-31 | by ( Jim Cramer | ) www.cnbc.com time to read: +3 min

AI is a real problem for Club holding Alphabet (GOOGL), according to Piper Sandler, which lowers price target to $117 per share from $120. Raises price target to $75 per share from $72. Baird raises price target on Okta (OKTA) to $100 per share from $92. Morgan Stanley raises price target on e.l.f. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Could some cloud-based software stocks be getting back their mojo?
▼ + stars: | 2023-03-16 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCould some cloud-based software stocks be getting back their mojo? Mad Money host Jim Cramer talks to Okta CEO Todd McKinnon about the cloud-based software company's new focus on profitable growth.

☆ Dangers from Hacks Stretch Beyond Broken Computer Systems
▼ + stars: | 2023-03-15 | by ( James Rundle | Kim S. Nash | ) www.wsj.com time to read: +6 min

Newsletter Sign-up WSJ Pro Cybersecurity Cybersecurity news, analysis and insights from WSJ's global team of reporters and editors. Part of the delay, he said, was in getting details from the cloud company, which he declined to name. Cybersecurity companies should be held to a higher standard than others in relaying information about hacks quickly and thoroughly, Mr. Toubba said. The lessons learned from cyberattacks can be just as important as how a company responds to a breach, security chiefs say. LastPass has also rolled out several security tools in its infrastructure, data center and cloud systems, Mr. Toubba said.

☆ Okta Is on Safer Ground Now
▼ + stars: | 2023-03-02 | by ( Dan Gallagher | ) www.wsj.com time to read: 1 min

Timing hasn’t been Okta ’s friend for a while, but that looks to be changing. The cloud software company that specializes in identity-management services for businesses had a rotten run of luck last year. A breach by the hacking group LAPSUS$, which posted screenshots online to boast of its accomplishment, worried Okta’s customers and shook the faith of investors after the company reported the incident in March. That roughly coincided with integration problems with the record-sized acquisition of Auth0 the year before, which caused particular upheaval in the combined company’s sales force. And all this was taking place during a global economic slowdown that was driving corporate customers to finally hit the brakes on technology spending.

☆ Stocks making the biggest moves midday: Silvergate Capital, Salesforce, Macy's, Okta and more
▼ + stars: | 2023-03-02 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Salesforce — Shares of the cloud software maker surged more than 10% after the company beat Wall Street estimates across the board in its quarterly report and issued a better-than-expected forecast. Wall Street analysts believe Salesforce's strong results are impressive given the activist pressure it's facing. Revenue came in line with Wall Street expectations at $8.26 billion. Okta – Okta shares jumped 9% after topping Wall Street's expectations for the recent quarter and issuing better-than-expected guidance for the current period. Box — The cloud content management platform's shares slid 14% following the company's fourth quarter results.

☆ Stocks making the biggest moves before the bell: Salesforce, Best Buy, Macy's and more
▼ + stars: | 2023-03-02 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

Best Buy — The consumer electronics retailer shed 1.9% after its fiscal year earnings and revenue guidance came in lighter than expected. Best Buy said it expects a sales decline of 3% to 6% for the year, citing the macro environment. Macy's — The retailer advanced 7.3% after beating expectations on per-share earnings and meeting them on revenue, according to Refinitiv. JPMorgan downgraded the stock to neutral from overweight Thursday and said the company's expectations are too high. On Semiconductor — The semiconductor maker dropped 7.2% following a downgrade to outperform from strong buy by Raymond James.

☆ Top 10 things the Club is watching in the stock market Thursday: Bond yields pop, Salesforce supports Dow
▼ + stars: | 2023-03-02 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

The Dow Jones Industrial Average looks like it's going to get spared because of the surge in Dow stock Salesforce (CRM). Snowflake (SNOW) drops more than 9.5% early Thursday, the morning after lowering its full-year product revenue guidance to 40% growth year over year from 47%. Dollar Tree (DLTR) downgraded to neutral at JPMorgan after the quarter; price target trimmed to $150 per share from $160. Canaccord downgrades to hold from buy; big catch-up price target cut to $9 per share from $25. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Here are Thursday's biggest analyst calls: Apple, Tesla, Snowflake, Salesforce, Nio, Nvidia & more
▼ + stars: | 2023-03-02 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

JPMorgan downgrades Nio to neutral from overweight JPMorgan said it sees too many challenges after the Nio's earnings report on Wednesday. JPMorgan downgrades Dollar Tree to neutral from overweight JPMorgan said it sees too many macro headwinds for the discount retailer. Morgan Stanley upgrades Pinduoduo to overweight from equal weight Morgan Stanley said the ag-tech company is a "long-term growth story." Morgan Stanley reiterates Liberty Formula One as overweight Morgan Stanley said it's bullish on shares of the auto racing company. Morgan Stanley reiterates Tesla as overweight Morgan Stanley said competitors can't keep up after Tesla's investor day on Wednesday.

☆ Dow futures rise on Wednesday evening as Salesforce shares pop on strong guidance: Live updates
▼ + stars: | 2023-03-01 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Futures tied to the Dow Jones Industrial Average rose in overnight trading as earnings season pressed on and Salesforce shares popped nearly 15% on a strong quarter and forward guidance. Along with Salesforce, Okta shares jumped 13% in overnight trading on solid earnings and guidance. S&P 500 futures and Nasdaq 100 futures added 0.08% and 0.10%, respectively. The tech-heavy Nasdaq Composite led Wednesday's losses, falling 0.66%, while the S&P 500 dipped 0.47%. The S&P 500 and the Nasdaq are on pace for their second consecutive losing week for the first time since December.

☆ The Fed's own economists are warning of a 19.5% housing correction and more rate hikes could set off a 'domino effect'
▼ + stars: | 2023-03-01 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

For more on that, I recommended reading my colleague Dan DeFrancesco's excellent 10 Things on Wall Street newsletter. And for today, let's see why the Fed's own economists are warning of a nearly 20% housing correction. They argued US home prices would have to tumble nearly 20% to bring the housing market back to fundamentals — and additional Fed rate hikes could lead to an even worse housing correction. Have you entered or exited the housing market in the last year? These four charts explain the troubling state of the housing market right now.

☆ Stocks making the biggest moves after hours: Silvergate Capital, Salesforce, Snowflake, Okta and more
▼ + stars: | 2023-03-01 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Silvergate Capital – Silvergate Capital shares plunged more than 22% in extended trading after the crypto-focused bank filed to delay its 10-K annual report. Snowflake — Shares of Snowflake fell 7% despite posting a top-and-bottom line beat for the recent quarter, according to Refinitiv. Okta — Okta shares rallied about 13% in extended trading after topping expectations for the fourth quarter, according to analysts surveyed by Refinitiv. Nevertheless, Box beat analysts' estimates on the top and bottom line for the fourth quarter, according to Refinitiv. Celsius Holdings — The energy drink maker's stock slipped more than 3% postmarket after sharing an unexpected loss for the fourth quarter, according to FactSet.

☆ Stock futures slip after investors wrap up a losing February: Live updates
▼ + stars: | 2023-02-28 | by ( Alex Harring | ) www.cnbc.com time to read: +1 min

Stock futures inched down as investors came off a losing month. Futures tied to the Dow Jones Industrial Average lost 70 points, or 0.2%. S&P 500 futures slid 0.3%, while Nasdaq-100 futures dipped 0.4%. Investors will watch for economic data on construction and manufacturing coming after the market opens Wednesday. Consumer-focused companies including Lowe's and Kohl's are set to report before the bell.

☆ Stocks are reversing course as inflation looks sticky with more retail earnings on deck
▼ + stars: | 2023-02-24 | by ( Jesse Pound | ) www.cnbc.com time to read: +5 min

The optimism about inflation and the U.S. economy is quickly waning on Wall Street, and the early 2023 rally for stocks is fading. The market was under pressure again on Friday after a hotter-than-expected reading for personal consumption expenditures, sending rates higher and stocks lower. Economic updates Next week brings a new round of economic indicators to see how the sticky inflation is affecting consumers and business. Other looks at the economy will come through key earnings reports. Speech by Fed Governor Christopher Waller Friday: 9:45 a.m. Markit Services PMI 10:00 a.m. ISM Services PMI 3:00 p.m.

☆ The Club's top 10 things to watch in the stock market Tuesday: CPI, volatile market, oil dips
▼ + stars: | 2023-02-14 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

The analysts have buys on Palo Alto Networks (PANW), with the most upside to price target, as well as CrowdStrike (CRWD), Check Point (CHKP) and Fortinet (FTNT). They increase price target to $255 per share from $215. But they think any pullback in shares of the Club stock would be short-lived ahead of the chip company's March 20 to 23 GTC developer conference . The analyst say Club holding TJX Companies (TJX) is best positioned and raise price target to $88 from $85. Industrial gas company and Club holding Linde 's (LIN) price target was increased to $378 per share from $370 at BMO Capital.

☆ Top 10 things the Club is watching in the stock market Monday: Stocks look mixed, dueling Disney notes
▼ + stars: | 2023-02-13 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Club holding Caterpillar (CAT) downgraded to neutral (hold) at Baird; price target cut to $230 per share from $290. Disney (DIS), a Club stock, price target is lowered to $130 per share from $145 at Citi; keeps a buy rating following last week's solid earnings and restructuring announcement. Merck (MRK) price target is increased to $125 per share from $120 at Credit Suisse. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

☆ Here are Monday's biggest analyst calls: Apple, Roblox, Disney, Meta, Zillow, Ralph Lauren & more
▼ + stars: | 2023-02-13 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Here are Monday's biggest calls on Wall Street: Bank of America reiterates Meta as buy Bank of America said the "year of efficiency" for Meta is just starting. Bank of America upgrades Ralph Lauren to buy from neutral Bank of America said shares of Ralph Lauren should outperform in this environment. Bank of America upgrades Fastly to buy from underperform Bank of America said the cloud computing company is on the "road to recovery." Bank of America reiterates Roblox as buy Bank of America said it's bullish heading into Roblox earnings on Wednesday. Bank of America reiterates Starbucks as buy Bank of America said it sees a margin recovery for Starbucks shares.

☆ Cramer's lightning round: EMCOR Group is my kind of stock
▼ + stars: | 2023-02-09 | by ( Krystal Hur | ) www.cnbc.com time to read: 1 min

Loading chart...Moderna Inc : "I think you should buy more." Loading chart...Okta Inc : "[CEO Todd McKinnon has] got to pivot first. We mean pivot, going from loss and high growth to a little less growth and profit." Loading chart...EMCOR Group Inc : "That's my kind of stock. Loading chart...AllianceBernstein Holding LP : "I think you possibly have a winner.

☆ Okta to Lay Off 5% of Staff After Pandemic Hiring Spree
▼ + stars: | 2023-02-02 | by ( Will Feuer | ) www.wsj.com time to read: 1 min

The spread of Covid-19 led to a surge in demand for Okta’s identity-verification technology. Business-software provider Okta Inc. said it is laying off about 300 employees, or 5% of staff, joining the spate of technology companies that are cutting costs following a pandemic-fueled growth spurt. Chief Executive Todd McKinnon said Okta made decisions last year that were based on demand trends experienced in 2021.

☆ Stocks making the biggest moves midday: Meta, Align Technology, Coinbase, Eli Lilly and more
▼ + stars: | 2023-02-02 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

Late Wednesday, Meta reported revenue that topped analysts' expectations and announced a $40 billion stock buyback plan. Firms also responded positively to Meta's earnings report, with Bank of America and Goldman Sachs rating the stock a buy. W.W. Grainger reported adjusted quarterly earnings of $7.14 per diluted share, which came in ahead of the $7.01 per share estimated by analysts, according to FactSet. Align Technology — The orthodontics company saw its shares surge 28% the day after its quarterly earnings and revenue beat analysts' expectations, according to Refinitiv. The company posted earnings and revenue that came in short of analysts' estimates, according to FactSet.

☆ Here are Thursday's biggest analyst calls: Meta, Nvidia, Tesla, FedEx, First Solar, Costco & more
▼ + stars: | 2023-02-02 | by ( Michael Bloom | ) www.cnbc.com time to read: +4 min

"We downgrade First Solar to Neutral following +50% outperformance since August based on the benefit from the Inflation Reduction Act. Bank of America upgrades FedEx to buy from neutral Bank of America said in its upgrade on cost cuts. Bank of America upgrades Meta to buy from neutral Bank of America said it sees "multiple expansion" possibilities for Meta. Bank of America reiterates Costco as buy Bank of America said the warehouse club giant has a "strong value proposition." Bank of America reiterates Nvidia as buy Bank of America said it's standing by its buy rating ahead of the company's earnings report later this month.

☆ We got an exclusive look at the 18-slide pitch deck hybrid working platform Cleary used to raise $4.5 million in seed funding
▼ + stars: | 2023-01-31 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +3 min

San Francisco-based HR startup Cleary has raised $4.5 million in a seed round led by Moonshots Capital. We got a look at the 18-slide pitch deck Cleary used to raise the fresh funds. A US startup that has designed a digital platform to engage and connect remote and hybrid employees just raised $4.5 million. This follows Cleary's $3 million pre-seed raise, bringing the startup's funding to $7.5 million. Check out the 18-slide deck used to raise the fresh funds.

☆ Here are Monday's biggest analyst calls: Tesla, Apple, Netflix, Amazon, Chevron, Meta, Shopify & more
▼ + stars: | 2023-01-30 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Morgan Stanley upgrades Colgate-Palmolive to overweight from equal weight Morgan Stanley said in its upgrade of Colgate that it sees an attractive entry point. "We upgrade shares from Neutral to Buy as we see the last of tough comparables for SHOP subsiding entering '23." Bank of America reiterates Meta as neutral Bank of America says it's cautious heading into Meta earnings on Wednesday. Berenberg upgrades Tesla to buy from hold Berenberg said in its upgrade of Tesla that "factory innovations support long-term margins." Morgan Stanley reiterates Southwest Airlines as overweight Morgan Stanley says it's sticking with shares of the airline.

☆ Here are Tuesday's biggest analyst calls: Apple, Disney, Target, AMD, Tesla, Coinbase, Amazon & more
▼ + stars: | 2023-01-24 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Here are Tuesday's biggest calls on Wall Street: Morgan Stanley reiterates Apple as overweight Morgan Stanley said it's standing by it's overweight rating on Apple shares heading into earnings on Feb. 2. Bernstein reiterates Apple as market perform Bernstein said it's "ambivalent" about Apple shares heading into earnings next month. Bernstein downgrades Advanced Micro to market perform from outperform Bernstein said it's concerned about a deteriorating PC market. Morgan Stanley upgrades Marathon Oil to overweight from neutral Morgan Stanley said Marathon Oil has "peer-leading FCF and shareholder returns." Morgan Stanley reiterates Ford as overweight Morgan Stanley said it sees opportunity for Ford to "to exercise its self-help muscle."

☆ Experts from Okta, Deloitte, and Verizon share how technology enables the future of work in a safe and collaborative way
▼ + stars: | 2023-01-12 | by ( Elle Hardy | ) www.businessinsider.com time to read: +4 min

One study found that knowledge workers waste 32 days per year toggling between apps and saving work. The conversation was part of Insider's event "Insider At CES: How Emerging Technologies Influence the Future of Work," which took place on Thursday, January 5, 2023. Sign up for our newsletter for the latest tech news and scoops — delivered daily to your inbox. At this hour-long event surrounding CES 2022, presented by Lenovo in partnership with Verizon, Paayal Zaveri, a senior tech reporter at Insider, spoke with Antar and other future-of-work experts and business leaders about how technology enables the future of work in a safe and collaborative way. It's predicted that up to 25% of the global workforce will continue to work remotely in a substantive way.

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