Okta (OKTA) shares dropped 16.16% on Wednesday to close at $105.22 following first-quarter fiscal 2026 results on Tuesday. Although the company reported impressive earnings and revenue growth, the decline in shares can be attributed to slowing top-line growth expectations for the fiscal second quarter as well as fiscal 2026. Okta expects second-quarter fiscal 2026 revenues between $710 million and $712 million, indicating 10% year-over-year growth (11.5% year-over-year growth in first-quarter fiscal 2026). ...

Marks SuperCom's 9th New U.S. State Entry Since Mid-2024 and Displacement of Another Incumbent TEL AVIV, Israel, May 20, 2025 /PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global provider of secure solutions for the e-Government, IoT, and Cybersecurity sectors, announced today that it has successfully secured a new electronic monitoring (EM) contract with an established service provider based in Virginia to immediately deploy its PureSecurity Electronic Monitoring technology. This agreement marks SuperCom's en ...

Core Viewpoint - Okta's shares have faced an 11% decline in a month due to a challenging macroeconomic environment, but an innovative product portfolio is expected to drive significant growth in 2025 [1] Company Performance - Year-to-date, Okta shares have returned 29.3%, outperforming competitors like Microsoft (MSFT), IBM, and CyberArk, which returned 3.6%, 4.6%, and -8.2% respectively [2] - Okta exited the fourth quarter of fiscal 2025 with 19,650 customers and $4.215 billion in remaining performance obligations, indicating strong growth prospects for subscription revenues [5] - Customers with over $100 thousand in Annual Contract Value increased by 7% year-over-year to 4,800 [5] Product Demand and Innovation - Okta's innovative portfolio, including Okta AI and various identity solutions, is driving strong demand and client acquisition [5][6] - The recent introduction of Auth for GenAI in Developer Preview enhances secure identity integration in GenAI applications [8] Market Position and Recognition - Okta is gaining market share in the cybersecurity domain, outperforming Microsoft, IBM, and CyberArk, and has received accolades from Gartner for its access management capabilities [10][9] - The company has a rich partner base, including AWS, Google, and Salesforce, with over 7,000 integrations as of January 31, 2025 [11] Financial Outlook - For Q1 fiscal 2026, Okta expects revenues between $678 million and $680 million, reflecting a 10% year-over-year growth, with non-GAAP earnings projected between 76 and 77 cents per share [12] - For fiscal 2026, revenues are expected to be between $2.85 billion and $2.86 billion, indicating 9-10% growth from fiscal 2025 [13] - Okta's earnings have consistently beaten Zacks Consensus Estimates, with an average surprise of 15.7% over the trailing four quarters [14] Valuation Metrics - Okta is trading at a forward Price/Sales ratio of 6.05X, compared to the broader sector's 5.56X, indicating a premium valuation [15] - The stock is currently trading above the 200-day moving average, suggesting a bullish trend [19]