麦金农表示："展望未来，我们在业绩指引中加入了一些对于宏观经济不确定性的保守因素。大方向 上，我们在身份安全云计算市场处于非常有利的位置。" 自4月美国总统唐纳德·特朗普宣布大规模新关税以来，多家美国科技企业纷纷撤回或下调业绩预期。近 期随着部分对等关税被暂停或缓和，市场有所反弹。麦金农称，虽然客户情绪日趋谨慎，但首季度的整 体业务未受影响。 软件公司Okta是一家全面专注于"身份即服务"(IDaaS)的美国身份管理云计算安全服务公司，核心业务是 为企业员工与客户提供基于云计算系统的单点登录、身份认证、多因素认证、访问管理与零信任架构解 决方案。其营收几乎全部来自订阅模式的软件许可和平台服务，面向两大产品线——Workforce Identity Cloud(内部员工身份安全)和 Customer Identity Cloud(面向应用与消费者)。 智通财经APP获悉，聚焦于提供基于云计算的身份识别与访问管理平台的软件公司Okta(OKTA.US) 最新 公布的2026财年第一季度业绩超出华尔街分析师普遍预期，但因关税重压之下美国经济前景不明朗而维 持全年业绩展望指引以及公司管理层对于财年前景予以"谨慎态度" ...

Economic Environment - The U.S. stock market is experiencing heightened volatility due to fears of an economic slowdown linked to newly imposed tariffs, including a 25% tariff on imports from Mexico and Canada and a 10% tariff on imports from China [1][2] - Trade from Canada, Mexico, and China accounts for 24% of the U.S. GDP, contributing to investor concerns and resulting in a 5% decline in the S&P 500 index over the past month [2] Market Performance - Year-to-date performance shows declines in major indices: Dow Jones Industrial Average down 1.3%, Nasdaq Composite down 7.9%, and S&P 500 down 3.6% [3] - The sluggish recovery in global automotive and industrial markets, driven by muted consumer demand and supply chain disruptions, is undermining investor confidence [2] Growth-Rated Tech Stocks - Growth-rated tech stocks such as NVIDIA, Marvell Technology, Okta, and RingCentral are highlighted as potential investment opportunities due to their financial stability and growth potential [4][5] - These stocks have shown resilience in the current macroeconomic environment and are expected to maintain growth momentum [5] Individual Company Insights - **RingCentral (RNG)**: Strong position in the Unified Communication as a Service (UCaaS) market, with a fiscal 2025 EPS estimate of $4.20, indicating a year-over-year growth of 13.5% [7][8] - **NVIDIA (NVDA)**: Leading in AI with its GPUs, fiscal 2026 EPS estimate of $4.40 reflects a year-over-year growth of 47.2% [9][12] - **Okta**: A key player in identity security, with a fiscal 2026 EPS estimate of $3.16, indicating a year-over-year growth of 12.5% [13][15] - **Marvell Technology (MRVL)**: Benefits from strong demand in the data center market, with a fiscal 2026 EPS estimate of $2.76, indicating a year-over-year growth of 75.8% [16][18] Investment Ratings - All highlighted stocks carry favorable Zacks Ranks: RingCentral and NVIDIA at Rank 1, while Okta and Marvell Technology at Rank 2, with Growth Scores of A or B indicating solid investment opportunities [6][12][15][18]

Industry Overview - The cybersecurity landscape is increasingly complex, with cybercriminals employing various techniques such as credential theft, remote desktop protocol attacks, and social engineering to exploit vulnerabilities [1] - The rise of artificial intelligence has further complicated traditional cybersecurity products, enabling more adaptive and automated attacks, including AI-generated deepfake voices for phishing [2] - Demand for updated cybersecurity products is surging due to the increase in ransomware and phishing attacks, as well as the shift towards remote and hybrid work necessitating enhanced endpoint security [3] Market Growth - The global cybersecurity market is projected to grow at a robust CAGR of 9.4% from 2023 to 2028, presenting a significant investment opportunity [4] Company Highlights Okta, Inc. (OKTA) - Okta is a leading provider of identity security, offering solutions like Workforce Identity Cloud and Customer Identity Cloud, which are gaining traction due to digital transformation and cloud migration [5][6] - Fiscal 2026 revenue is anticipated to be between $2.85 billion and $2.86 billion, with a year-over-year growth of 6.5% [7] - The company has seen a 49.5% increase in stock price over the past six months, outperforming the First Trust NASDAQ Cybersecurity ETF [7][8] Fortinet Inc. (FTNT) - Fortinet provides a comprehensive range of cybersecurity solutions, including firewalls, VPNs, and advanced threat protection, serving over 450,000 customers globally [9][10] - Fiscal 2025 revenue is expected to be between $6.65 billion and $6.85 billion, indicating a year-over-year growth of 13.5% [11] - The stock has risen 42.1% in the past six months, with an average earnings surprise of 24.8% over the last four quarters [12] CrowdStrike Holdings, Inc. (CRWD) - CrowdStrike offers its services through the Falcon platform, which is recognized as a leading cloud-native security solution [13] - Fiscal 2025 revenue is projected to be between $3.9238 billion and $3.9305 billion, reflecting a year-over-year growth of 28.6% [15] - The company has achieved a 47.8% stock price increase in the past six months, with an average earnings surprise of 10.3% [16]

Core Insights - Okta reported strong fiscal Q4 2025 results, outperforming both analysts' estimates and management's guidance [1] - Non-GAAP EPS was $0.78, exceeding the consensus estimate of $0.74, while revenue reached $682 million, surpassing the anticipated $668 million [1][2] Financial Performance - Non-GAAP EPS increased by 23.8% year over year from $0.63 [2] - Revenue rose by 12.7% from $605 million in the previous year [2] - Non-GAAP operating income grew by 30.2% to $168 million, exceeding management's guidance [2][6] - Free cash flow surged by 71.1% year over year to $284 million, indicating strong cash management [2][7] Business Overview - Okta operates in the identity and access management sector, focusing on user identity verification and security [3] - The company employs a zero-trust model to enhance security and limit risks of breaches [3] - Key products include the Workforce Identity Cloud and Customer Identity Cloud [3] Strategic Developments - Okta is expanding its product offerings with enhanced identity solutions and emphasizes integration with over 7,000 applications [4] - The company achieved a current remaining performance obligation of $2.248 billion, reflecting strong bookings [6] Future Guidance - For fiscal Q1 2026, management projects revenue between $678 million and $680 million, indicating approximately 10% growth [8] - For fiscal 2026, total revenue is anticipated to be in the range of $2.85 billion to $2.86 billion, representing a 9% to 10% increase [8] - Management aims to maintain a non-GAAP operating margin of 25% throughout the year [8] Customer Focus - The company plans to concentrate on acquiring new customers and retaining existing ones, particularly in the $1 million-plus annual contract value segment [9]