Okta, Inc. (NASDAQ:OKTA) will release earnings results for the third quarter after the closing bell on Tuesday, Dec. 2.Analysts expect the Santa Clara, California-based company to report quarterly earnings at 76 cents per share, up from 67 cents per share in the year-ago period. The consensus estimate for Okta's quarterly revenue is $730.44 million, compared to $665 million a year earlier, according to data from Benzinga Pro.On Aug. 26, Okta reported second-quarter revenue of $728 million, beating analyst e ...

Okta, Inc. (NASDAQ:OKTA) will release earnings results for the third quarter after the closing bell on Tuesday, Dec. 2.Analysts expect the Santa Clara, California-based company to report quarterly earnings at 76 cents per share, up from 67 cents per share in the year-ago period. The consensus estimate for Okta's quarterly revenue is $730.44 million, compared to $665 million a year earlier, according to data from Benzinga Pro.On Aug. 26, Okta reported second-quarter revenue of $728 million, beating analyst e ...

摩根大通将Okta的目标价从140美元下调至115美元，但维持"增持"评级。(格隆汇) ...

Market Overview - The U.S. stock market started December on a subdued note, with major indexes retreating as investors recalibrated their risk appetite following a strong close to the previous week [1] - A broad pullback was observed across various sectors, particularly in technology and cryptocurrency-related equities, influenced by rising bond yields and hints of a potential interest rate hike from the Bank of Japan [1][3] Market Performance Recap - The S&P 500 declined by 0.5%, the Dow Jones Industrial Average fell by 0.9%, and the Nasdaq Composite shed 0.4%, interrupting a five-day winning streak [2] - This downturn contrasted with the previous Friday's performance, where the Dow rose by 0.6%, the Nasdaq advanced by 0.7%, and the S&P 500 gained 0.5% [2] Major Stock Movements - Cryptocurrency-related firms faced significant selling pressure as Bitcoin dropped below $86,000, with companies like MicroStrategy, MARA Holdings, Coinbase Global, Riot Platforms, and Robinhood Markets seeing declines between approximately 3% to 7% [4] - Nvidia bucked the downward trend, with shares advancing by 1.5% after announcing a $2 billion investment in Synopsys, which saw its shares rise by about 5% [5] - Bausch Health surged by 14.8% following an acquisition, while Bath & Body Works rose by 9.4% also due to an acquisition [6] Upcoming Market Events - December is expected to be significant with crucial economic data releases and central bank policy decisions that could influence market direction [7] - Key economic data announcements include ISM Manufacturing PMI, ISM Services PMI, ADP Private Payrolls, and Consumer Price Index, among others [8] - The U.S. Federal Reserve meeting on December 9th-10th is highly anticipated, with an 87.6% probability of a 25-basis point interest rate cut [9] Earnings Announcements - Several companies are set to release earnings reports, including Credo Technology Holding and MongoDB, with major tech companies like Salesforce, CrowdStrike, and Marvell Technology also on the calendar [11][12]

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Sands Capital, an investment management company, released its Q3 2025 investor letter for the “Sands Capital Technology Innovators Fund.” A copy of the letter can be downloaded here. Technology Innovators focus on pioneering businesses worldwide that serve as key drivers or beneficiaries of significant, long-term technological changes. The fund returned 8.4% (net) in the third quarter compared to a 12.5% return for the benchmark, MSCI ACWI Info Tech and Communication Services Index. Despite concentrated lea ...

Core Insights - The Q3 earnings season has shown solid performance, with 95% of S&P 500 companies reporting results and an expected 13.4% increase in earnings per share, marking the fourth consecutive quarter of double-digit growth [2][3] Group 1: Earnings Performance - Analysts had initially expected a 7.9% increase in earnings per share for Q3, indicating a significant upward revision in expectations as the quarter progressed [3] - If the anticipated 13.4% earnings growth holds, it represents an acceleration from the 12% growth rate reported in Q2 [2] Group 2: Consumer Sentiment - Recent reports from Abercrombie & Fitch, Dick's Sporting Goods, and Burlington Stores indicate that softening consumer sentiment is affecting purchasing decisions [4] - Upcoming earnings reports from retailers such as Macy's, Dollar Tree, American Eagle Outfitters, and GameStop will provide further insights into consumer behavior as the holiday shopping season approaches [4] Group 3: Upcoming Reports - The first week of December will feature earnings reports from companies including Salesforce, CrowdStrike, MongoDB, Marvell, Okta, C3.ai, and Snowflake, which are expected to highlight ongoing trends in corporate performance [5]

Core Insights - The Zacks Security industry is experiencing strong demand for cybersecurity products due to the increasing need for secure networks and cloud-based applications, particularly in hybrid work environments [1] - Companies such as CrowdStrike, Fortinet, Okta, and Qualys are benefiting from these trends, although short-term growth may be hindered by economic slowdown and increased operating expenses [2] Industry Overview - The Zacks Security industry includes companies providing on-premise and cloud-based security solutions, addressing needs like identity access management, infrastructure protection, and malware analysis [3] - The industry is categorized into Computer Security, Cybersecurity, and Information Security, each focusing on different aspects of data protection [3] Major Trends - Rising cyber threats are driving demand for IT security solutions, with an increase in cyberattacks impacting both individual companies and national security [4] - Accelerated digital transformation and cloud migration are fueling growth, as various sectors become more reliant on technology, increasing their vulnerability to cyberattacks [5] - Macroeconomic headwinds may lead to delayed IT spending, as organizations conserve cash amid economic uncertainties [6] - High operating expenses related to R&D and sales efforts could pressure profit margins in the near term [7] Industry Performance - The Zacks Security industry ranks 56, placing it in the top 23% of nearly 250 Zacks industries, indicating solid near-term prospects [8] - The industry's earnings outlook is positive, with aggregate earnings estimates for 2025 revised up to $1.61 from $1.40 a year ago [10] - Over the past year, the industry has underperformed the broader Zacks Computer and Technology sector and the S&P 500, gaining only 8.6% compared to 29.5% and 16.5% respectively [11] Valuation Metrics - The industry is currently trading at a forward 12-month price-to-sales ratio of 12, higher than the S&P 500's 5.3 and the sector's 6.69 [14] Company Highlights - **Qualys**: A leading provider of information security solutions, benefiting from demand for cloud-based cybersecurity solutions. The consensus estimate for its 2025 earnings has been revised upward by approximately 8% to $6.91 per share [21][24] - **CrowdStrike**: A leader in endpoint protection and cyberattack response services, with a strong portfolio and growth driven by digital transformation. The consensus mark for its fiscal 2026 earnings remains at $3.67 per share [27][29] - **Fortinet**: Provides network security solutions and is benefiting from strong demand from large enterprises. The Zacks Consensus Estimate for its 2025 earnings has been revised upward by 13 cents to $2.65 per share [32][35] - **Okta**: A leading provider of identity security, experiencing increased traction in its solutions. The consensus mark for its fiscal 2026 earnings remains at $3.37 per share [38][40]

Core Insights - Analysts project Okta (OKTA) will report quarterly earnings of $0.75 per share, an increase of 11.9% year over year, with revenues expected to reach $730 million, up 9.8% from the same quarter last year [1] - The consensus EPS estimate has remained unchanged over the past 30 days, indicating a reassessment of projections by covering analysts [1][2] Revenue Estimates - The consensus estimate for 'Revenue- Subscription' is $713.53 million, reflecting a year-over-year increase of 9.6% [3] - 'Revenue- Professional services and other' is expected to reach $15.56 million, indicating an 11.1% year-over-year increase [4] Performance Obligations - Analysts estimate 'Current remaining performance obligations (cRPO)' at $2.26 billion, up from $2.06 billion a year ago [4] - 'Remaining performance obligations' are projected to be $4.17 billion, compared to $3.66 billion in the same quarter last year [5] Gross Margin and Customer Metrics - 'Gross margin- Subscription' is forecasted to reach 83.0%, an increase from 78.0% year over year [5] - The total number of customers is expected to reach 20,526, up from 19,450 in the same quarter last year [5] Market Performance - Okta shares have returned -9.1% over the past month, contrasting with the Zacks S&P 500 composite's -0.3% change [6] - With a Zacks Rank 3 (Hold), Okta is anticipated to mirror overall market performance in the near future [6]

Group 1 - Jefferies has lowered the target price for Okta from $105 to $90 while maintaining a "Hold" rating [1]