One of the most prominent ways to quiet the bears is to point to the performance of the S&P 500. After all, this collection of 500 prominent U.S.-listed companies incorporates a diverse spectrum of business models, company missions and economic output as its basis of value. However, one of its most valuable categories — information technology stocks — could be grossly overvalued. If they tumble, so do their auxiliary supports like manufacturing and cybersecurity. This might drive investors to wonder which o ...

da-kuk Okta Stock Suffered A Bear Market Okta, Inc. (NASDAQ:OKTA) investors are approaching its highly-anticipated earnings scorecard next week. Okta's fiscal first-quarter earnings release will be delivered on May 29, even as OKTA stock has yet to recover its post-earnings highs after Okta's earnings release for the previous fiscal quarter. As a reminder, OKTA suffered a steep pullback of more than 20% from its early March 2024 highs, dropping into a bear market through OKTA's recent April lows. Therefore, ...

Wall Street analysts expect Okta (OKTA) to post quarterly earnings of $0.54 per share in its upcoming report, which indicates a year-over-year increase of 145.5%. Revenues are expected to be $604.33 million, up 16.7% from the year-ago quarter. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe. Prior to a company's earnings release, it is of utmost import ...

Okta (OKTA) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term. Over the past month, shares of this cloud identity management company have returned +7.6%, compared to the Zacks S&P 500 composite's +6.1% change. During this period, the Zacks Internet - Software and Services industry, which Okta falls in, has gained 3.7%. The key question now is: What could be the stock's future direction? ...

Okta (OKTA) ended the recent trading session at $101.38, demonstrating a -1.22% swing from the preceding day's closing price. This change lagged the S&P 500's 0.25% gain on the day. On the other hand, the Dow registered a gain of 0.17%, and the technology-centric Nasdaq increased by 0.23%. Coming into today, shares of the cloud identity management company had gained 10.07% in the past month. In that same time, the Computer and Technology sector gained 11.73%, while the S&P 500 gained 7.08%. The investment c ...

In the latest trading session, Okta (OKTA) closed at $99.27, marking a +1.41% move from the previous day. The stock outpaced the S&P 500's daily gain of 1.17%. Elsewhere, the Dow gained 0.88%, while the tech- heavy Nasdaq added 1.4%. The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained uncha ...

The most recent trading session ended with Okta (OKTA) standing at $98.12, reflecting a +0.59% shift from the previouse trading day's closing. The stock's change was more than the S&P 500's daily gain of 0.51%. Meanwhile, the Dow gained 0.85%, and the Nasdaq, a tech-heavy index, added 0.27%.Coming into today, shares of the cloud identity management company had lost 1.92% in the past month. In that same time, the Computer and Technology sector gained 0.73%, while the S&P 500 lost 0.25%.The investment communi ...

Okta (OKTA) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this cloud identity management company have returned -9.8% over the past month versus the Zacks S&P 500 composite's -1.1% change. The Zacks Internet - Software and Services industry, to which Okta belongs, has lost 11.2% over this period. Now the key question is: Where could the stock be headed in the near term?Altho ...

Okta (OKTA) closed the most recent trading day at $95.01, moving +0.83% from the previous trading session. The stock's change was more than the S&P 500's daily gain of 0.03%. Meanwhile, the Dow gained 0.41%, and the Nasdaq, a tech-heavy index, added 0.12%.The cloud identity management company's stock has dropped by 11% in the past month, falling short of the Computer and Technology sector's loss of 0.55% and the S&P 500's loss of 0.9%.Market participants will be closely following the financial results of Ok ...

Okta (OKTA) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.The power of a changing earnings ...