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Recommendations
Okta price target raised to $185 from $135 at Baird » 09:43
05/21/20
05/21
09:43
05/21/20
09:43
OKTA

Okta

$188.00 /

+ (+0.00%)

Baird analyst Jonathan…

Baird analyst Jonathan Ruykhaver raised the firm's price target on Okta to $185 from $135 and keeps a Neutral rating on the shares ahead of the company's fiscal Q1 results. The analyst continues to see "significant room for sustainable growth" for the company, especially as work from home "highlights the benefits of cloud-delivered identity and access management." While seat count reduction is a risk given the significant rise in unemployment, Okta is likely to report "solid" results, Ruykhaver tells investors in a research note. However, the analyst keeps a Neutral rating on the shares citing the current "premium" valuation.

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OKTA Okta
$188.00 /

+ (+0.00%)

OKTA Okta
$188.00 /

+ (+0.00%)

05/13/20 Cleveland Research
Okta jumps after Cleveland finds strong uptick in license sales
05/04/20 Needham
SailPoint downgraded to Hold from Buy at Needham
04/12/20 BMO Capital
Okta upgraded to Outperform from Market Perform at BMO Capital
04/02/20 DA Davidson
Okta price target raised to $140 from $110 at DA Davidson
OKTA Okta
$188.00 /

+ (+0.00%)

OKTA Okta
$188.00 /

+ (+0.00%)

Over a week ago
Recommendations
Okta jumps after Cleveland finds strong uptick in license sales » 09:56
05/13/20
05/13
09:56
05/13/20
09:56
OKTA

Okta

$175.46 /

+1.75 (+1.01%)

, SAIL

SailPoint

$20.89 /

-0.335 (-1.58%)

Cleveland Research…

Cleveland Research analyst Ben Bollin says channel feedback suggests Okta (OKTA) is seeing a strong uptick in license sales this quarter driven by enterprise's accelerated shift to cloud and federal spend. Okta remains an outperformer in the identity access management and conversations suggest share gains against SailPoint (SAIL), Bollin tells investors in a research note. Okta shares are up $6.20 to $179.77 in early trading.

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SAIL SailPoint
$20.89 /

-0.335 (-1.58%)

OKTA Okta
$175.46 /

+1.75 (+1.01%)

OKTA Okta
$175.46 /

+1.75 (+1.01%)

05/04/20 Needham
SailPoint downgraded to Hold from Buy at Needham
04/12/20 BMO Capital
Okta upgraded to Outperform from Market Perform at BMO Capital
04/02/20 DA Davidson
Okta price target raised to $140 from $110 at DA Davidson
04/02/20 Oppenheimer
Okta price target raised to $130 from $120 at Oppenheimer
SAIL SailPoint
$20.89 /

-0.335 (-1.58%)

05/08/20 DA Davidson
SailPoint price target raised to $24 from $18 at DA Davidson
05/08/20 Jefferies
SailPoint price target raised to $25 from $21 at Jefferies
04/09/20 DA Davidson
SailPoint upgraded to Buy from Neutral at DA Davidson
SAIL SailPoint
$20.89 /

-0.335 (-1.58%)

OKTA Okta
$175.46 /

+1.75 (+1.01%)

SAIL SailPoint
$20.89 /

-0.335 (-1.58%)

OKTA Okta
$175.46 /

+1.75 (+1.01%)

Downgrade
SailPoint downgraded to Hold from Buy at Needham » 07:53
05/04/20
05/04
07:53
05/04/20
07:53
SAIL

SailPoint

$18.11 /

-0.51 (-2.74%)

, OKTA

Okta

$148.58 /

-2.82 (-1.86%)

Needham analyst Alex…

Needham analyst Alex Henderson downgraded SailPoint (SAIL) to Hold from Buy. The analyst cites a relatively higher risk to the company due to the on-premise nature of its product, the long installation process, its high level of Professional Services, and the lower priority of IGA versus other Security needs against a work-from-home implementation window, and the subsequent spending environment. Longer term, Henderson is also "increasingly concerned" about competition for SailPoint, particularly from Okta (OKTA).

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SAIL SailPoint
$18.11 /

-0.51 (-2.74%)

04/09/20 DA Davidson
SailPoint upgraded to Buy from Neutral at DA Davidson
04/08/20 DA Davidson
DA Davidson says Proofpoint, SailPoint have strongest pipelines in sector
03/24/20 Goldman Sachs
Goldman Sachs starts Rapid7, Tenable Holdings at Buy, SailPoint at Sell
03/24/20 Goldman Sachs
SailPoint initiated with a Sell at Goldman Sachs
OKTA Okta
$148.58 /

-2.82 (-1.86%)

04/12/20 BMO Capital
Okta upgraded to Outperform from Market Perform at BMO Capital
04/02/20 DA Davidson
Okta price target raised to $140 from $110 at DA Davidson
04/02/20 Oppenheimer
Okta price target raised to $130 from $120 at Oppenheimer
04/02/20 Mizuho
Okta price target lowered to $140 from $145 at Mizuho
Hot Stocks
Okta appoints David Bradbury as chief security officer » 09:07
04/28/20
04/28
09:07
04/28/20
09:07
OKTA

Okta

$151.91 /

-3.43 (-2.21%)

Okta announced the…

Okta announced the appointment of David Bradbury as chief security officer, or CSO. Bradbury brings more than 20 years of security and engineering experience to Okta and will report directly to Todd McKinnon, Okta's CEO and co-founder. Most recently, as senior VP and CSO at Symantec, Bradbury was responsible for all global security programs, including oversight of the organization's move to the cloud. Bradbury joins Okta as the company sees continued demand for its cloud-based identity platform to drive remote work, enable digital business and combat an increasingly evolving threat landscape.

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OKTA Okta
$151.91 /

-3.43 (-2.21%)

04/12/20 BMO Capital
Okta upgraded to Outperform from Market Perform at BMO Capital
04/02/20 DA Davidson
Okta price target raised to $140 from $110 at DA Davidson
04/02/20 Oppenheimer
Okta price target raised to $130 from $120 at Oppenheimer
04/02/20 Mizuho
Okta price target lowered to $140 from $145 at Mizuho
Over a month ago
Upgrade
Okta upgraded to Outperform from Market Perform at BMO Capital » 20:02
04/12/20
04/12
20:02
04/12/20
20:02
OKTA

Okta

$130.93 /

+3.15 (+2.47%)

BMO Capital analyst Keith…

BMO Capital analyst Keith Bachman upgraded Okta to Outperform from Market Perform with a price target of $155, up from $150. The analyst believes that global secular trends for WFH will serve to increase demand for Okta's solutions. While the economic challenges could create some deal slippage in the next few quarters, he nevertheless thinks the fundamentals remain very strong for the next few years. Bachman believes Okta's solution leadership will help drive greater than 30% growth through fiscal year 2022.

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OKTA Okta
$130.93 /

+3.15 (+2.47%)

04/02/20 DA Davidson
Okta price target raised to $140 from $110 at DA Davidson
04/02/20 Oppenheimer
Okta price target raised to $130 from $120 at Oppenheimer
04/02/20 Mizuho
Okta price target lowered to $140 from $145 at Mizuho
03/27/20 Citi
Citi opens one positive, four negative catalyst watches in Software
Conference/Events
FBN Securities network security analyst to hold analyst/industry conference call » 11:25
04/07/20
04/07
11:25
04/07/20
11:25
PANW

Palo Alto Networks

$173.68 /

+2.29 (+1.34%)

, ZS

Zscaler

$62.25 /

-1.01 (-1.60%)

, FTNT

Fortinet

$105.99 /

-1.89 (-1.75%)

, CHKP

Check Point

$103.65 /

+0.06 (+0.06%)

, FEYE

FireEye

$10.01 /

-0.04 (-0.40%)

, PFPT

Proofpoint

$107.24 /

-2.88 (-2.62%)

, OKTA

Okta

$125.57 /

-2.42 (-1.89%)

, CSCO

Cisco

$41.23 /

-0.2 (-0.48%)

, PSTG

Pure Storage

$12.32 /

+0.39 (+3.27%)

, NTNX

Nutanix

$16.31 /

+0.32 (+2.00%)

, NTAP

NetApp

$40.91 /

+1.3 (+3.28%)

, VMW

VMware

$125.27 /

+2.35 (+1.91%)

, CTXS

Citrix

$143.92 /

-3.455 (-2.34%)

Analysts, along with Jim…

Analysts, along with Jim Gruzlewski, a professional in the network security industry, discuss security solutions and the challenges across all vertical markets in the North American IT Channel Industry on an Analyst/Industry conference call to be held on April 7 at 12 pm.

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PANW Palo Alto Networks
$173.68 /

+2.29 (+1.34%)

04/03/20 Raymond James
Fortinet price target lowered to $115 from $136 at Raymond James
04/01/20 Rosenblatt
Palo Alto seeing firewall pickup due to 'WFH' trend, says Rosenblatt
04/01/20 Deutsche Bank
Palo Alto Networks price target lowered to $180 from $210 at Deutsche Bank
03/31/20 Stifel
Palo Alto Networks acquisition of CloudGenix 'makes sense,' says Stifel
ZS Zscaler
$62.25 /

-1.01 (-1.60%)

03/27/20 Dougherty
Zscaler initiated with a Buy at Dougherty
03/27/20 Citi
Citi opens one positive, four negative catalyst watches in Software
03/27/20 BTIG
Zscaler assumed with a Neutral at BTIG
03/25/20 Baird
Zscaler price target raised to $70 from $60 at Baird
FTNT Fortinet
$105.99 /

-1.89 (-1.75%)

03/27/20 BTIG
Fortinet initiated with a Neutral at BTIG
03/17/20
Fly Intel: Top five analyst downgrades
03/17/20 DA Davidson
Fortinet downgraded to Neutral from Buy at DA Davidson
CHKP Check Point
$103.65 /

+0.06 (+0.06%)

04/06/20 OTR Global
Check Point upgraded to Mixed from Negative at OTR Global
03/27/20 BTIG
Check Point initiated with a Buy at BTIG
FEYE FireEye
$10.01 /

-0.04 (-0.40%)

03/05/20
Fly Intel: Top five analyst upgrades
03/05/20 Goldman Sachs
Goldman upgrades FireEye to Buy, sees 33% upside in the shares
03/05/20 Goldman Sachs
FireEye upgraded to Buy from Neutral at Goldman Sachs
01/08/20
Fly Intel: Top five analyst downgrades
PFPT Proofpoint
$107.24 /

-2.88 (-2.62%)

03/27/20 BTIG
Proofpoint assumed with a Buy at BTIG
03/24/20 Goldman Sachs
Goldman Sachs starts Rapid7, Tenable Holdings at Buy, SailPoint at Sell
03/24/20 Goldman Sachs
Proofpoint initiated with a Neutral at Goldman Sachs
03/04/20 First Analysis
Proofpoint upgraded to Strong Buy from Outperform at First Analysis
OKTA Okta
$125.57 /

-2.42 (-1.89%)

04/02/20 DA Davidson
Okta price target raised to $140 from $110 at DA Davidson
04/02/20 Oppenheimer
Okta price target raised to $130 from $120 at Oppenheimer
04/02/20 Mizuho
Okta price target lowered to $140 from $145 at Mizuho
CSCO Cisco
$41.23 /

-0.2 (-0.48%)

04/06/20 Raymond James
Cisco price target lowered to $48 from $54 at Raymond James
03/23/20 Nomura Instinet
Cisco price target lowered to $43 from $47 at Nomura Instinet
03/17/20 Cleveland Research
Cleveland says Cisco sees some pull forward, partners more cautious on long-term
03/16/20 Citi
Cisco price target lowered to $40 from $55 at Citi
PSTG Pure Storage
$12.32 /

+0.39 (+3.27%)

03/26/20 Northland
Pure Storage initiated with an Outperform at Northland
03/23/20 Cowen
Pure Storage, Silicon Motion better for bottom fishers, says Cowen
01/17/20 Morgan Stanley
Morgan Stanley downgrades IBM to Equal Weight as IT hardware budgets pressured
11/22/19 Cowen
Pure Storage price target lowered to $19 from $23 at Cowen
NTNX Nutanix
$16.31 /

+0.32 (+2.00%)

02/27/20 Wells Fargo
Nutanix price target lowered to $33 from $38 at Wells Fargo
02/24/20 RBC Capital
Nutanix price target raised to $42 from $38 at RBC Capital
02/03/20 RBC Capital
Nutanix promotion of Chris Kaddaras a 'positive' indicator, says RBC Capital
01/15/20 Piper Sandler
Piper introduces long VMware, short Juniper pair trade into Q4 results
NTAP NetApp
$40.91 /

+1.3 (+3.28%)

03/26/20 Northland
Northland bullish on NetApp, initiates with an Outperform
03/26/20 Northland
NetApp initiated with an Outperform at Northland
02/19/20 Argus
NetApp downgraded to Hold at Argus due to slower momentum
02/19/20 Argus
NetApp downgraded to Hold from Buy at Argus
VMW VMware
$125.27 /

+2.35 (+1.91%)

03/24/20 Oppenheimer
VMware price target lowered to $165 from $200 at Oppenheimer
03/02/20 Jefferies
VMware price target lowered to $175 from $190 at Jefferies
02/28/20 RBC Capital
VMware price target lowered to $183 from $200 at RBC Capital
02/28/20 Deutsche Bank
VMware price target lowered to $165 from $190 at Deutsche Bank
CTXS Citrix
$143.92 /

-3.455 (-2.34%)

04/06/20 Deutsche Bank
Citrix price target raised to $175 from $150 at Deutsche Bank
04/03/20 Raymond James
Citrix price target raised to $155 from $124 at Raymond James
03/25/20 Morgan Stanley
Citrix upgraded to Overweight on 'WFH' boost at Morgan Stanley
03/24/20 Morgan Stanley
Citrix upgraded to Overweight from Equal Weight at Morgan Stanley
Conference/Events
FBN Securities network security analyst to hold analyst/industry conference call » 04:55
04/07/20
04/07
04:55
04/07/20
04:55
PANW

Palo Alto Networks

$171.39 /

+9.02 (+5.56%)

, ZS

Zscaler

$63.26 /

-0.12 (-0.19%)

, FTNT

Fortinet

$107.88 /

+6.5 (+6.41%)

, CHKP

Check Point

$103.59 /

+5.56 (+5.67%)

, FEYE

FireEye

$10.05 /

+0.74 (+7.95%)

, PFPT

Proofpoint

$110.12 /

+12.24 (+12.51%)

, OKTA

Okta

$127.99 /

+9.02 (+7.58%)

, CSCO

Cisco

$41.43 /

+2.35 (+6.01%)

, PSTG

Pure Storage

$11.93 /

+1.31 (+12.34%)

, NTNX

Nutanix

$15.99 /

+1.66 (+11.58%)

, NTAP

NetApp

$39.61 /

+2.31 (+6.19%)

, VMW

VMware

$122.92 /

+6.04 (+5.17%)

, CTXS

Citrix

$147.37 /

+6.49 (+4.61%)

Analysts, along with Jim…

Analysts, along with Jim Gruzlewski, a professional in the network security industry, discuss security solutions and the challenges across all vertical markets in the North American IT Channel Industry on an Analyst/Industry conference call to be held on April 7 at 12 pm.

ShowHide Related Items >><<
PANW Palo Alto Networks
$171.39 /

+9.02 (+5.56%)

04/03/20 Raymond James
Fortinet price target lowered to $115 from $136 at Raymond James
04/01/20 Rosenblatt
Palo Alto seeing firewall pickup due to 'WFH' trend, says Rosenblatt
04/01/20 Deutsche Bank
Palo Alto Networks price target lowered to $180 from $210 at Deutsche Bank
03/31/20 Stifel
Palo Alto Networks acquisition of CloudGenix 'makes sense,' says Stifel
ZS Zscaler
$63.26 /

-0.12 (-0.19%)

03/27/20 Dougherty
Zscaler initiated with a Buy at Dougherty
03/27/20 Citi
Citi opens one positive, four negative catalyst watches in Software
03/27/20 BTIG
Zscaler assumed with a Neutral at BTIG
03/25/20 Baird
Zscaler price target raised to $70 from $60 at Baird
FTNT Fortinet
$107.88 /

+6.5 (+6.41%)

03/27/20 BTIG
Fortinet initiated with a Neutral at BTIG
03/17/20
Fly Intel: Top five analyst downgrades
03/17/20 DA Davidson
Fortinet downgraded to Neutral from Buy at DA Davidson
CHKP Check Point
$103.59 /

+5.56 (+5.67%)

04/06/20 OTR Global
Check Point upgraded to Mixed from Negative at OTR Global
03/27/20 BTIG
Check Point initiated with a Buy at BTIG
FEYE FireEye
$10.05 /

+0.74 (+7.95%)

03/05/20
Fly Intel: Top five analyst upgrades
03/05/20 Goldman Sachs
Goldman upgrades FireEye to Buy, sees 33% upside in the shares
03/05/20 Goldman Sachs
FireEye upgraded to Buy from Neutral at Goldman Sachs
01/08/20
Fly Intel: Top five analyst downgrades
PFPT Proofpoint
$110.12 /

+12.24 (+12.51%)

03/27/20 BTIG
Proofpoint assumed with a Buy at BTIG
03/24/20 Goldman Sachs
Goldman Sachs starts Rapid7, Tenable Holdings at Buy, SailPoint at Sell
03/24/20 Goldman Sachs
Proofpoint initiated with a Neutral at Goldman Sachs
03/04/20 First Analysis
Proofpoint upgraded to Strong Buy from Outperform at First Analysis
OKTA Okta
$127.99 /

+9.02 (+7.58%)

04/02/20 DA Davidson
Okta price target raised to $140 from $110 at DA Davidson
04/02/20 Oppenheimer
Okta price target raised to $130 from $120 at Oppenheimer
04/02/20 Mizuho
Okta price target lowered to $140 from $145 at Mizuho
CSCO Cisco
$41.43 /

+2.35 (+6.01%)

04/06/20 Raymond James
Cisco price target lowered to $48 from $54 at Raymond James
03/23/20 Nomura Instinet
Cisco price target lowered to $43 from $47 at Nomura Instinet
03/17/20 Cleveland Research
Cleveland says Cisco sees some pull forward, partners more cautious on long-term
03/16/20 Citi
Cisco price target lowered to $40 from $55 at Citi
PSTG Pure Storage
$11.93 /

+1.31 (+12.34%)

03/26/20 Northland
Pure Storage initiated with an Outperform at Northland
03/23/20 Cowen
Pure Storage, Silicon Motion better for bottom fishers, says Cowen
01/17/20 Morgan Stanley
Morgan Stanley downgrades IBM to Equal Weight as IT hardware budgets pressured
11/22/19 Cowen
Pure Storage price target lowered to $19 from $23 at Cowen
NTNX Nutanix
$15.99 /

+1.66 (+11.58%)

02/27/20 Wells Fargo
Nutanix price target lowered to $33 from $38 at Wells Fargo
02/24/20 RBC Capital
Nutanix price target raised to $42 from $38 at RBC Capital
02/03/20 RBC Capital
Nutanix promotion of Chris Kaddaras a 'positive' indicator, says RBC Capital
01/15/20 Piper Sandler
Piper introduces long VMware, short Juniper pair trade into Q4 results
NTAP NetApp
$39.61 /

+2.31 (+6.19%)

03/26/20 Northland
Northland bullish on NetApp, initiates with an Outperform
03/26/20 Northland
NetApp initiated with an Outperform at Northland
02/19/20 Argus
NetApp downgraded to Hold at Argus due to slower momentum
02/19/20 Argus
NetApp downgraded to Hold from Buy at Argus
VMW VMware
$122.92 /

+6.04 (+5.17%)

03/24/20 Oppenheimer
VMware price target lowered to $165 from $200 at Oppenheimer
03/02/20 Jefferies
VMware price target lowered to $175 from $190 at Jefferies
02/28/20 RBC Capital
VMware price target lowered to $183 from $200 at RBC Capital
02/28/20 Deutsche Bank
VMware price target lowered to $165 from $190 at Deutsche Bank
CTXS Citrix
$147.37 /

+6.49 (+4.61%)

04/06/20 Deutsche Bank
Citrix price target raised to $175 from $150 at Deutsche Bank
04/03/20 Raymond James
Citrix price target raised to $155 from $124 at Raymond James
03/25/20 Morgan Stanley
Citrix upgraded to Overweight on 'WFH' boost at Morgan Stanley
03/24/20 Morgan Stanley
Citrix upgraded to Overweight from Equal Weight at Morgan Stanley
Recommendations
Okta price target raised to $140 from $110 at DA Davidson » 09:23
04/02/20
04/02
09:23
04/02/20
09:23
OKTA

Okta

$119.49 /

-2.64 (-2.16%)

DA Davidson analyst…

DA Davidson analyst Andrew Nowinski raised the firm's price target on Okta to $140 from $110 while keeping his Buy rating on the shares. The analyst sees the company as a clear key component within the next-gen architecture, with more firms accelerating their move to the cloud in response to COVID-19 outbreak. Nowinski adds that while "some sectors of G2000" are severely impacted by the outbreak, he sees Okta's technology as a high priority for companies of all sizes and sectors.

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OKTA Okta
$119.49 /

-2.64 (-2.16%)

04/02/20 Oppenheimer
Okta price target raised to $130 from $120 at Oppenheimer
04/02/20 Mizuho
Okta price target lowered to $140 from $145 at Mizuho
03/27/20 Citi
Citi opens one positive, four negative catalyst watches in Software
03/27/20 BTIG
Okta initiated with a Buy at BTIG
Recommendations
Okta price target raised to $130 from $120 at Oppenheimer » 07:55
04/02/20
04/02
07:55
04/02/20
07:55
OKTA

Okta

$119.49 /

-2.64 (-2.16%)

Oppenheimer analyst Shaul…

Oppenheimer analyst Shaul Eyal raised the firm's price target on Okta to $130 from $120 and keeps an Outperform rating on the shares. The analyst came away from yesterday's Oktane20 meeting positive that Okta is well positioned to weather COVID-19 and to thrive longer term. The company's long-term growth framework remains intact with annual growth of 30%-35% through fiscal 2024 and free cash flow margin of 20%-25%, Eyal tells investors in a research note.

ShowHide Related Items >><<
OKTA Okta
$119.49 /

-2.64 (-2.16%)

04/02/20 Mizuho
Okta price target lowered to $140 from $145 at Mizuho
03/27/20 Citi
Citi opens one positive, four negative catalyst watches in Software
03/27/20 BTIG
Okta initiated with a Buy at BTIG
03/06/20 SunTrust
Okta price target raised to $162 from $134 at SunTrust
Recommendations
Okta price target lowered to $140 from $145 at Mizuho » 07:09
04/02/20
04/02
07:09
04/02/20
07:09
OKTA

Okta

$119.49 /

-2.64 (-2.16%)

Mizuho analyst Gregg…

Mizuho analyst Gregg Moskowitz lowered the firm's price target on Okta to $140 from $145 and keeps a Neutral rating on the shares. The company yesterday was confident in affirming Q1 and fiscal 2021 revenue guidance, although it acknowledged near-term billings will likely be negatively impacted from COVID-19, Moskowitz tells investors in a research note. These are encouraging signs in a time of much uncertainty, and Okta is well positioned for "strong growth," adds the analyst. However, Moskowitz continues to view Okta's valuation as "fairly rich."

ShowHide Related Items >><<
OKTA Okta
$119.49 /

-2.64 (-2.16%)

03/27/20 Citi
Citi opens one positive, four negative catalyst watches in Software
03/27/20 BTIG
Okta initiated with a Buy at BTIG
03/06/20 SunTrust
Okta price target raised to $162 from $134 at SunTrust
03/06/20 DA Davidson
Okta price target raised to $155 from $135 at DA Davidson

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