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Okta (OKTA) Stock Sinks As Market Gains: Here's Why
ZACKS· 2025-07-28 22:51
Okta (OKTA) closed the most recent trading day at $97.84, moving -3.22% from the previous trading session. This change lagged the S&P 500's daily gain of 0.02%. Elsewhere, the Dow saw a downswing of 0.14%, while the tech-heavy Nasdaq appreciated by 0.33%. Coming into today, shares of the cloud identity management company had gained 2.71% in the past month. In that same time, the Computer and Technology sector gained 6.31%, while the S&P 500 gained 4.93%. The investment community will be closely monitoring t ...
Okta (OKTA) Soars 3.3%: Is Further Upside Left in the Stock?
ZACKS· 2025-07-28 17:10
Company Overview - Okta (OKTA) shares increased by 3.3% to $101.1 in the last trading session, with a higher-than-average trading volume, contrasting with a 0.2% loss over the past four weeks [1] - The company is experiencing growth due to an expanding partner base, a strong backlog, and an innovative product portfolio [1] Earnings Expectations - Okta is projected to report quarterly earnings of $0.84 per share, reflecting a year-over-year increase of 16.7% [2] - Expected revenues for the upcoming quarter are $711.04 million, which is a 10.1% increase compared to the same quarter last year [2] Stock Performance Insights - The consensus EPS estimate for Okta has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [3] - Okta currently holds a Zacks Rank of 2 (Buy), suggesting positive market sentiment [3] Industry Comparison - Okta is part of the Zacks Security industry, where another company, SentinelOne (S), closed 0.5% higher at $19.56, with an 8.1% return over the past month [3] - SentinelOne's consensus EPS estimate for its upcoming report is $0.03, representing a significant year-over-year increase of 200%, and it holds a Zacks Rank of 3 (Hold) [4]
High-tech drone system to protect schools
NBC News· 2025-07-28 10:37
The co-founders of Texas-based company Campus Guardian Angel hope this is the future of school safety. >> Our job is if somebody comes in a school with a gun, we respond in 5 seconds. >> This is how it would work.Silent alarms in the school alert the company. Then drones strategically placed on campus get deployed. And these drone pilots would navigate remotely from their headquarters in Austin, working in tandem with the school and police, inflicting non-lethal damage to the suspect or dummy in this demo w ...
OKTA Trades 25% Below 52-Week High: Right Time to Buy the Stock?
ZACKS· 2025-07-24 17:00
Core Insights - Okta shares closed at $95.63, approximately 25% below the 52-week high of $127.57, with a year-to-date appreciation of 21.3%, outperforming the Zacks Computer and Technology sector and the Zacks Security industry [1][9] - The company has a strong liquidity position with $2.73 billion in cash and investments, and a free cash flow margin guidance raised to roughly 27% for fiscal 2026 [7][9] - Okta's innovative product portfolio and extensive partner base are driving customer growth and revenue, with over 20,000 customers and a significant increase in high-value contracts [15][16] Performance Comparison - Okta has outperformed peers such as CyberArk, Cisco, and Microsoft year to date, with respective share price appreciations of 12.9%, 15.9%, and 20% [2] - In terms of valuation, Okta is trading at a forward Price/Cash Flow of 22.51X, which is higher than the broader sector's 22.03X but lower than CyberArk's 73.58X and Microsoft’s 28.88X [8][10] Product and Market Position - The company is benefiting from strong demand for its new products, including Identity Governance and AI-powered capabilities, which enhance security and user experience [3][9] - Okta's new protocol, Cross App Access, aims to secure AI agents and improve security compliance, reflecting the company's commitment to protecting customers deploying AI [14] Financial Guidance - For fiscal 2026, Okta expects revenues between $2.85 billion and $2.86 billion, indicating a growth of 9-10% from fiscal 2025, with non-GAAP earnings guidance raised to $3.23-$3.28 per share [17][18] - The second-quarter fiscal 2026 revenue guidance is between $710 million and $712 million, suggesting a 10% year-over-year growth [19][20] Conclusion - Despite facing macroeconomic challenges and a competitive landscape, Okta's innovative portfolio and expanding customer base position it favorably for growth, supported by a Zacks Rank 2 (Buy) and a Growth Score of A [21]
PANW's AI Threat Defense Expands: Will Protect AI be the Game Changer?
ZACKS· 2025-07-24 16:21
Core Insights - Palo Alto Networks (PANW) is addressing emerging risks associated with the adoption of artificial intelligence (AI) by enterprises, as traditional security tools are inadequate for securing AI systems end-to-end [1] - The company recently completed a $700 million acquisition of Protect AI, which aims to enhance its capabilities in securing AI workloads from development to deployment [2] - Protect AI's tools will strengthen PANW's Prisma AI-Ready Security (Prisma AIRS) platform, providing enterprises with visibility and control over their AI assets across hybrid and multi-cloud environments [3] Financial Projections - Prisma AIRS has already established an eight-figure sales pipeline shortly after its launch, with AI infrastructure spending expected to exceed $300 billion in the next 12 months, presenting a significant opportunity for PANW [4] - The Zacks Consensus Estimate projects PANW's revenues to grow in the mid-teen percentage range, with fiscal 2025 and 2026 revenues estimated at $9.19 billion and $10.45 billion, respectively [5] Competitive Landscape - Competitors like CrowdStrike (CRWD) and SentinelOne (S) are also expanding their platforms and innovating with AI [6] - CrowdStrike is leveraging its Charlotte AI for automated cybersecurity, enhancing its competitive edge [7] - SentinelOne reported a 24% year-over-year growth in its annual recurring revenue (ARR) due to the adoption of its AI-first Singularity platform [8] Valuation and Performance - PANW shares have increased by 9.3% year to date, compared to a 20% growth in the security industry [9] - The company trades at a forward price-to-sales ratio of 12.59X, which is lower than the industry's average of 14.31X [13] - The Zacks Consensus Estimate indicates year-over-year earnings growth of 15.14% for fiscal 2025 and 11.27% for fiscal 2026, with recent estimates for fiscal 2026 revised downward slightly [16]
CRWD Bets on Agentic AI Security: Will it Unlock Next Growth Phase?
ZACKS· 2025-07-22 17:26
Core Insights - CrowdStrike (CRWD) is enhancing its focus on agentic AI security as enterprises increasingly adopt AI and generative AI technologies, which introduce unique security risks and escalate cyber threats [1][6] Group 1: Product Offerings and Innovations - CrowdStrike has expanded its offerings through a partnership with Amazon Web Services (AWS), launching falcon-mcp and AI Red Team Services in July 2025 [2] - The falcon-mcp aims to provide a standardized protocol connecting AI agents and large language model applications to CrowdStrike's Falcon telemetry, allowing secure integration of AI workflows [3] - AI Red Team Services offer security assessments to identify vulnerabilities in GenAI systems, providing actionable recommendations to enhance AI models and supporting infrastructure [4] - Charlotte AI has been enhanced to deliver autonomous expert-level triage and response at machine speed, further supporting CrowdStrike's agentic AI security vision [5] Group 2: Market Position and Financial Outlook - As enterprises accelerate AI adoption, CrowdStrike's tools position it as a critical security layer for AI-driven enterprises, with projected fiscal 2026 revenues of $4.78 billion, indicating a year-over-year growth of 20.9% [6][11] - CrowdStrike's shares have increased by 40.8% year-to-date, outperforming the security industry's growth of 20.1% [9] - The company trades at a forward price-to-sales ratio of 22.82X, significantly higher than the industry's average of 14.33X [13] - The Zacks Consensus Estimate for fiscal 2026 earnings suggests a year-over-year decline of 10.94%, while fiscal 2027 earnings are expected to grow by 34.68% [16]
Fortinet Expands via Cross-Selling: A Path to More Profitability?
ZACKS· 2025-07-22 16:01
Core Insights - Fortinet (FTNT) is leveraging its extensive customer base to drive growth, with cross-selling becoming a significant factor in enhancing profitability [1][2] Group 1: Growth Strategy - Fortinet promotes a wide array of complementary security solutions, encouraging existing customers to adopt additional products, which leads to increased overall and recurring revenues [2] - In Q1 2025, 91% of SASE billings and 97% of SecOps billings originated from existing clients, demonstrating the effectiveness of the cross-selling strategy [3] Group 2: Financial Performance - Unified SASE annual recurring revenues (ARR) increased by 26% year over year, while SecOps ARR surged by 30%, resulting in a combined ARR of $1.6 billion [4] - The non-GAAP operating margin reached a record 34.2%, with adjusted free cash flow rising to $839 million, nearly 54% of total revenues, indicating improved profitability [5] Group 3: Market Position and Competitors - Fortinet's large enterprise customers accounted for 48% of SASE and 40% of SecOps revenues, highlighting the company's strong penetration in its most lucrative customer segment [4] - Competitors like Palo Alto Networks (PANW) and CrowdStrike Holdings (CRWD) are also enhancing their market positions through strategic alliances and innovative product offerings [6][7] Group 4: Valuation and Estimates - Fortinet shares have increased by 13.4% year-to-date, underperforming the Zacks Security industry's growth of 20.1%, but outperforming the Zacks Computer and Technology sector's return of 9.5% [8] - The current Price/Book ratio for Fortinet is 41.7X, significantly higher than the industry's 24.34X, indicating a premium valuation [11] - The consensus estimate for 2025 earnings is $2.48 per share, reflecting a year-over-year growth of 4.64% [14]
SentinelOne (S) Moves 9.8% Higher: Will This Strength Last?
ZACKS· 2025-07-22 13:00
SentinelOne (S) shares ended the last trading session 9.8% higher at $19.78. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 3.7% gain over the past four weeks. The stock surged following reports that SentinelOne could be a potential acquisition target for Palo Alto Networks. This cybersecurity provider is expected to post quarterly earnings of $0.03 per share in its upcoming report, which represents a year-over-ye ...
X @Bloomberg
Bloomberg· 2025-07-21 18:10
Verisure and its backers could seek to raise about €3 billion ($3.5 billion) to €4 billion in the security firm’s Stockholm initial public offering https://t.co/WTLUpuCwzm ...
广东“链主”勇闯链博会:“中国创新”碰撞全球产业
Core Insights - The third China International Supply Chain Promotion Expo (Chain Expo) was held from July 16 to 20 in Beijing, focusing on deepening cooperation and stabilizing supply chains with the theme "Linking the World, Creating the Future" [1] - Guangdong province was the guest province at the expo, showcasing 64 leading enterprises including ZTE, TCL, Xiaopeng Motors, and Guangzhou Pharmaceutical Group, with a record number of exhibitors and an exhibition area exceeding 4,000 square meters [1][2] Group 1: Company Highlights - GAC Group's low-altitude travel technology company, GOVY, showcased its first mass-produced multi-rotor flying car, GOVY AirCab, which has received over 1,000 pre-orders since its price announcement in June [2][3] - GOVY has formed multiple partnerships to enhance its supply chain, including collaborations with Dassault Systems for digital R&D, Junlian Electronics for electric engine controllers, and others to improve production efficiency and reduce costs [3] - The company aims to complete certification and mass production by 2026, marking a significant step in the commercialization of flying cars [2][3] Group 2: Market Expansion - Jiechuang Intelligent Technology Co., Ltd. showcased its AI security products at the expo, attracting over 200 domestic and international clients, and successfully expanding into markets in Africa, Southeast Asia, and the Middle East [4][6] - The company reported significant interest from overseas clients, with a notable increase in European and American customer engagement compared to previous years [6][7] - Jiechuang's AI security system utilizes non-contact electromagnetic net capture technology, enhancing operational safety and efficiency, which is crucial for smart city developments in emerging markets [6] Group 3: Industry Trends - The Chain Expo serves as a vital platform for companies to showcase their supply chain innovations and identify areas for improvement, facilitating better connections between upstream and downstream partners [7][8] - The number of exhibitors focusing on clean energy, green agriculture, and health-related supply chains has doubled compared to previous years, reflecting a growing trend towards sustainability and carbon neutrality [8][11] - Shenzhen enterprises are increasingly participating in the expo, highlighting their strengths in modern service integration with traditional industries, particularly in the agricultural sector [11]