Dernières nouvelles pour Okta (NASDAQ:OKTA) Stock

Okta

Okta is a cloud-native security company that focuses on identity and access management. The San Francisco-based firm went public in 2017 and focuses on two key client stakeholder groups: workforces and customers. Okta's workforce offerings enable a company's employees to securely access its cloud-based and on-premises resources. The firm's customer offerings allow its clients' customers to securely access the client's applications.

Okta Inc

Piper Sandler analyst David Amsellem reiterates Neurocrine Biosciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NBIX#NASDAQ">NBIX</a>) with a Overweight and maintains $160 price target.

News

Price Target

Reiteration

Analyst Ratings

NBIX

Piper Sandler Reiterates Overweight on Neurocrine Biosciences, Maintains $160 Price Target

WIIM

LUNR

Intuitive Machines shares are trading higher after the company announced it has secured additional contracts from NASA's Near Space Network for Direct-to-Earth services.

Trading Ideas

TRAW

Traws Pharma Shares Halted To The Upside; Stock Now Up 172.51%

Piper Sandler analyst Mark Lear maintains Tamboran Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TBN#NYSE">TBN</a>) with a Overweight and maintains $41 price target.

Piper Sandler Maintains Overweight on Tamboran Resources, Maintains $41 Price Target

Litchfield Hills analyst Theodore O'Neill initiates coverage on Actelis Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASNS#NASDAQ">ASNS</a>) with a Buy rating and announces Price Target of $5.

Initiation

ASNS

Litchfield Hills Initiates Coverage On Actelis Networks with Buy Rating, Announces Price Target of $5

Offering A Fresh At-Home Karaoke Experience Powered By Matchpoint Technology

CNVS

Cineverse Launches Verse Karaoke, A Free Ad-Supported Interactive Music App For Smart TVs And Web

BFRI

Biofrontera Reaches Milestone With 100 RhodoLED XL Lamps Installed In US Market Since June 2024 Launch; Approved For PDT Treatment Of Actinic Keratoses On Face And Scalp

Qualcomm Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) shares settled higher <a href="https://www.benzinga.com/24/12/42633922/qualcomm-bags-win-in-chips-licensing-trial-against-arm-but-the-battle-is-not-over-yet">during Friday's session</a>.
Qualcomm bagged <a href="https://www.benzinga.com/24/12/42646386/qualcomm-scores-big-in-arm-lawsuit-will-bearish-trends-back-down">a key win in its legal battle</a> against semiconductor design company Arm Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>). A federal jury in Delaware ruled that Qualcomm did not violate its licensing agreement with Arm, clearing a hurdle for the San Diego, California headquartered chipmaker.
With the recent buzz around Qualcomm, some investors may be eyeing potential gains from the company's dividends, too. As of now, Qualcomm offers an annual dividend yield of 2.22%, which is a quarterly dividend amount of 85 cents per share ($3.40 a year).
So, how can investors exploit its dividend yield to pocket a regular $500 monthly?
See Also: <a href="https://www.benzinga.com/24/12/42647238/retail-investors-driving-change-platforms-rethink-engagement-strategies">Can Trading Be Like &#8216;Fantasy Sports&#8217;? BullRush CEO Addresses How Platforms Adapt To Change</a>
To earn $500 per month or $6,000 annually from dividends alone, you would need an investment of approximately $269,851 or around 1,765 shares. For a more modest $100 per month or $1,200 per year, you would need $53,970 or around 353 shares.
To calculate: Divide the desired annual income ($6,000 or $1,200) by the dividend ($3.40 in this case). So, $6,000 / $3.40 = 1,765 ($500 per month), and $1,200 / $3.40 = 353 shares ($100 per month).
Note that dividend yield can change on a rolling basis, as the dividend payment and the stock price both fluctuate over time.
How that works: The dividend yield is computed by dividing the annual dividend payment by the stock&#8217;s current price.
For example, if a stock pays an annual dividend of $2 and is currently priced at $50, the dividend yield would be 4% ($2/$50). However, if the stock price increases to $60, the dividend yield drops to 3.33% ($2/$60). Conversely, if the stock price falls to $40, the dividend yield rises to 5% ($2/$40).
Similarly, changes in the dividend payment can impact the yield. If a company increases its dividend, the yield will also increase, provided the stock price stays the same. Conversely, if the dividend payment decreases, so will the yield.
QCOM Price Action: Shares of Qualcomm gained 1.7% to close at $152.89 on Friday. The company&#8217;s stock gained another 1.9% in after-hours trading.
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Image: Shutterstock

Long Ideas

Markets

QCOM

How To Earn $500 A Month From Qualcomm Stock

Veeva Systems (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VEEV#NYSE">VEEV</a>) has outperformed the market over the past 10 years by 12.91% on an annualized basis producing an average annual return of 23.94%. Currently, Veeva Systems has a market capitalization of $36.44 billion. 
Buying $100 In VEEV: If an investor had bought $100 of VEEV stock 10 years ago, it would be worth $837.57 today based on a price of $224.43 for VEEV at the time of writing.
<h3>Veeva Systems's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1734964211_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

VEEV

$100 Invested In This Stock 10 Years Ago Would Be Worth This Much Today

COSM

Cosmos Health CEO Greg Siokas And CFO George Terzis Increase Stake By 343,122 Shares Valued At $200K

Loop Capital analyst Mark Schappel maintains Monday.Com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNDY#NASDAQ">MNDY</a>) with a Buy and lowers the price target from $310 to $300.

MNDY

Loop Capital Maintains Buy on Monday.Com, Lowers Price Target to $300

HC Wainwright &amp; Co. analyst Joseph Pantginis reiterates Cytokinetics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYTK#NASDAQ">CYTK</a>) with a Buy and maintains $120 price target.

CYTK

HC Wainwright & Co. Reiterates Buy on Cytokinetics, Maintains $120 Price Target

<a href="https://www.bseindia.com/xml-data/corpfiling/AttachLive/79ff5f5f-81a0-4bb0-a2f0-b93541f1164e.pdf" title="https://www.bseindia.com/xml-data/corpfiling/AttachLive/79ff5f5f-81a0-4bb0-a2f0-b93541f1164e.pdf">https://www.bseindia.com/xml-data/corpfiling/AttachLive/79ff5f5f-81a0-4bb0-a2f0-b93541f1164e.pdf</a>

Global

Dr. Reddy's Laboratories Forms New Subsidiary In Finland, 'Dr. Reddy's Finland Oy', As Step-Down Wholly-Owned Entity

6th National Domestic Violence Project in Europe Strengthens SuperCom's Position as a Leader in the Space
TEL AVIV, Israel, Dec. 23, 2024 /PRNewswire/ -- SuperCom (NASDAQ:&nbsp;SPCB),&nbsp;a global provider of secure solutions for the e-Government, IoT, and Cybersecurity sectors, announced today the successful launch of its new electronic monitoring (EM) project in Latvia. Following a competitive tender process, SuperCom was awarded this project, marking its third national contract in Latvia and further expanding its role in supporting the country's public safety efforts with the inclusion of domestic violence prevention.
Under this program, SuperCom is deploying its advanced PureSecurity EM Suite, featuring GPS tracking devices, secure communications, and real-time monitoring capabilities. SuperCom's technology will enhance the State Police of Latvia's ability to oversee offenders, enabling more effective prevention and response to domestic violence cases while bolstering regional public safety and security.

Contracts

SPCB

SuperCom Awarded New Domestic Violence Monitoring Project Using It's PureSecurity EM Suite, With The State Police Of Latvia

Benchmark analyst Bruce Jackson maintains Humacyte (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUMA#NASDAQ">HUMA</a>) with a Buy and raises the price target from $15 to $17.

HUMA

Benchmark Maintains Buy on Humacyte, Raises Price Target to $17

Despegar.com, Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DESP#NYSE">DESP</a>) shares are surging premarket on Monday after the company disclosed a <a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/b42643653/despegar-com-enters-into-merger-agreement-to-be-acquired-by-prosus-for-19-50-per-share-in-cash" rel="noreferrer noopener">deal to be acquired</a> by Prosus for $19.50 per share in an all-cash transaction.
The transaction price reflects a 34% premium over Despegar&#8217;s 90-day volume-weighted average share price as of December 20, 2024.
Despegar&#8217;s Board of Directors has approved the merger agreement and recommended shareholder approval following the unanimous endorsement of a Transaction Committee composed of independent directors.
The deal values Despegar at approximately $1.7 billion in enterprise value.
Despegar will gain access to Prosus&#8217; extensive resources, operational expertise, and advanced AI capabilities.
As per the deal, a wholly owned subsidiary of Prosus will merge with Despegar, with Despegar remaining as the surviving entity.
Each outstanding share of Despegar will be converted into the right to receive $19.50 in cash, while the company&#8217;s Series A Preferred Shares will be canceled and converted into payments as specified by their terms.
The transaction is anticipated to close in the second quarter of 2025, pending shareholder approval, regulatory clearances, and other <a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/b42643979/prosus-to-acquire-latin-americas-leading-online-travel-agency-despegar-for-us-1-7bn" rel="noreferrer noopener">customary closing conditions</a>.
Following the transaction&#8217;s completion, Despegar will transition to a privately held company. Its ordinary shares will be delisted from the New York Stock Exchange and will no longer trade on any public market.
Damian Scokin, Despegar&#8217;s CEO said, &#8221;Our customers will benefit from access to more services, enhanced customer experiences, increased loyalty benefits, and more comprehensive solutions tailored to their needs. Together we are setting the stage for a new era of travel marked by greater connectivity, innovation and value.&#8221;
Fabricio Bloisi, CEO of Prosus Group, added, &#8220;Despegar adds significantly to our strong ecosystem in Latin America, a market with amazing growth potential. Today&#8217;s announcement is about opportunity and growth &#8211; alone Despegar is a successful business with great fundamentals and a motivated management team; together, both Despegar and Prosus will make it even stronger.&#8221;
Investors can gain exposure to the DESP via Amplify ETF Trust Amplify Travel Tech ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AWAY#NYSE">AWAY</a>) and Global X MSCI Argentina ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARGT#NYSE">ARGT</a>).
Price Action: DESP shares are up 32.80% at $19.45 premarket at the last check Monday.
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ARGT

AWAY

DESP

Despegar To Be Acquired By Prosus For $1.7 Billion in All Cash Deal

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<li>TLRY</li>
<li>TSLA</li>
<li>AMD</li>
<li>NVDA</li>
<li>LUNR</li>
<li>PLTR</li>
<li>CORN</li>
<li>MSTR</li>
<li>KULR</li>
<li>QQQ</li>
</ul>
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CORN

KULR

MSTR

NVDA

PLTR

TLRY

TSLA

Top 10 Trending Stocks On WallStreetBets As Of December 23, 2024 (Via Swaggy Stocks)

On December 23, 2024, ReNew Energy Global Plc ("ReNew") announced the signing of definitive agreement to sell ReNew Sun Waves Private Limited ("RSWPL"), which houses a 300 MW operating solar asset to Anzen India Energy Yield Plus Trust ("Anzen"). The transaction is expected to close post completion of contractual obligations and conditions precedent including receipt of lender approval. Under the agreement, ReNew Private Limited, parent of RSWPL, will sell 100% shareholding and economic interest in RSWPL. The enterprise value determined under the agreement is ~$176 million&#x2A;, subject to net current assets and other such adjustments as provided in the definitive documents. Additionally, ~$17 million&#x2A; is expected to be received as an earn-out on account of change in law proceeds pertaining to increase in basic customs duty (BCD), safeguard duty (SGD) and goods &amp; service tax (GST), after the first payment is realised by RSWPL. The 300 MW SECI solar project is located in Jaisalmer, Rajasthan, and has been operational for ~3 years. The tariff for the 25-year power purchase agreement is INR 2.55/unit.

Asset Sales

ReNew Energy Global Announced Sale Of ReNew Sun Waves' 300 MW Solar Asset To Anzen India Energy Yield Plus For ~$176M; ~$17M Earn-Out Expected; The Tariff For The 25-Year Power Purchase Agreement Is INR 2.55/Unit

Benchmark analyst Michael Albanese reiterates Winnebago Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WGO#NYSE">WGO</a>) with a Buy and maintains $70 price target.

Benchmark Reiterates Buy on Winnebago Industries, Maintains $70 Price Target

Offerings

MGOL

MGO Global Prices Upsized $6M Public Offering Of 6.32M Units At $0.95 Per Unit; Includes Common Stock And Warrants Exercisable At $1.425 Pending Stockholder Approval; Closing Expected December 24, 2024

Bernstein lowered the firm's price target on Okta (OKTA) to $124 from $129 and keeps an Outperform rating on the shares after meeting with leadersh...

Okta price target lowered to $124 from $129 at Bernstein

There's a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Five9 (FIVN – Research Report) and Okta (OKTA – Rese...

Analysts Offer Insights on Technology Companies: Five9 (FIVN) and Okta (OKTA)

Baird raised the firm's price target on Okta (OKTA) to $115 from $105 and keeps an Outperform rating on the shares. The firm says it made Okta one ...

Okta price target raised to $115 from $105 at Baird

Cybersecurity safeguards the digital world by countering sophisticated threats, adopting zero-trust principles, and driving innovations in tools, frameworks, and compliance to protect critical infrastructure, making it a promising market for investors. As a result, cybersecurity stocks like Okta (OKTA), Fortinet (FTNT), and Check Point Software Technologies (CHKP) are hard to ignore. Read on... The cybersecurity market is experiencing rapid growth as the demand to counter increasingly sophisticated threats intensifies. Cybercriminals are exploiting AI for advanced phishing, vishing, and deepfake fraud, heightening the need for robust digital protection.
In response, innovative tools and technologies are emerging to safeguard the expanding digital landscape, creating promising investment opportunities in the sector. As a result, leading cybersecurity stocks like Okta, Inc. (<a href="https://stocknews.com/stock/OKTA/">OKTA</a>), Fortinet, Inc. (<a href="https://stocknews.com/stock/FTNT/">FTNT</a>), and Check Point Software Technologies Ltd. (<a href="https://stocknews.com/stock/CHKP/">CHKP</a>) offer compelling opportunities for investors.
The increasing frequency of attacks on critical infrastructure has spurred regulatory reforms, such as CIRCIA, urging organizations to implement stronger compliance measures and cybersecurity frameworks. These changes are driving investments in cybersecurity products. Global spending on information security is projected to reach $212 billion by 2025, reflecting a <a href="https://www.gartner.com/en/newsroom/press-releases/2024-08-28-gartner-forecasts-global-information-security-spending-to-grow-15-percent-in-2025">15.1% increase</a> from 2024.
Furthermore, zero-trust principles are gaining significant traction to combat insider threats and support remote workforces. To avoid vendor lock-in, mitigate risks, and foster innovation, companies are increasingly adopting diverse cybersecurity tools. As a result, the global cybersecurity market is expected to grow from $193.73 billion in 2024 to $562.72 billion by 2032, with a <a href="https://www.fortunebusinessinsights.com/industry-reports/cyber-security-market-101165">CAGR of 14.3%</a>.
Let's now dive into the fundamentals of the three <a href="https://stocknews.com/category/software-security/">Software - Security</a> stocks highlighted above, starting with number three.
Stock #3: Okta, Inc. (<a href="https://stocknews.com/stock/OKTA/">OKTA</a>)
OKTA operates as an identity partner internationally. The company offers a suite of products and services designed to manage and secure identities, including Single Sign-On, Adaptive Multi-Factor Authentication, API Access Management, Access Gateway, and Okta Device Access.
On October 16, 2024, OKTA announced new Workforce Identity Cloud capabilities to tackle security challenges like unmanaged SaaS accounts, governance risks, and social engineering attacks.
These innovations include Secure SaaS Service Accounts, Governance Analyzer with Okta AI, and stronger identity verification features, enhancing security while improving user experiences.
In terms of the trailing-12-month <a href="https://www.investopedia.com/terms/l/levered-free-cash-flow.asp">levered FCF</a> margin, OKTA's 28.20% is 149.4% higher than the 11.31% industry average. Likewise, its 76.12% trailing-12-month gross profit margin is 50.7% higher than the 50.52% industry average.
OKTA's total revenue for the fiscal third quarter ended October 31, 2024, increased 13.9% year-over-year to $665 million. Its non-GAAP operating income was $138 million, up 62.4% year-over-year. Additionally, its non-GAAP net income and net income per share were $121 million and $0.67, respectively, reflecting increases of 53.2% and 52.3% compared to the prior-year quarter.
Street expects OKTA's EPS and revenue for the quarter ending January 31, 2025, to increase 16.9% and 10.6% year-over-year to $0.74 and $669.25 million, respectively. It surpassed the consensus revenue estimates in each of the trailing four quarters. Over the past three months, the stock has gained 17% to close the last trading session at $84.79.
OKTA's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect strong prospects. It has an overall rating of B, which translates to a Buy in our proprietary system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
It has an A grade for Growth and a B for Sentiment. Within the B-rated <a href="https://stocknews.com/category/software-security/">Software - Security</a> industry, it is ranked #8 out of 20 stocks. To access additional grades for OKTA's Value, Momentum, Stability, and Quality ratings, <a href="https://stocknews.com/stock/OKTA/">click here</a>.
Stock #2: Fortinet, Inc. (<a href="https://stocknews.com/stock/FTNT/">FTNT</a>)
FTNT provides cybersecurity and converged networking and security solutions worldwide. It offers secure networking solutions focused on the integration of networking and security; network firewall solutions, including FortiGate data center, hyperscale, and distributed firewalls, as well as encrypted applications; wireless LAN solutions; and secure connectivity solutions.
On December 3, 2024, FTNT announced FortiAppSec Cloud, a unified platform for web application security and performance management. It integrates tools for API security, advanced bot defense, and global server load balancing, simplifying the protection and management of hybrid and multi-cloud environments.
On December 2, 2024, FTNT was announced as the "Preferred Partner" of the Vancouver Canucks for the 2024–2025 season, with Canucks Sports &amp; Entertainment deploying FTNT's Security Fabric and Secure SD-WAN solutions to enhance cybersecurity and streamline network management across its facilities.
In terms of the trailing-12-month Return on Common Equity margin, FTNT's 311.53% is significantly higher than the 4.56% industry average. Similarly, its 28.86% trailing-12-month levered FCF margin is 155.3% higher than the 11.31% industry average. Additionally, its 26.79% trailing-12-month net income margin is 622.1% higher than the 3.71% industry average.
For the third quarter ended September 30, FTNT's total revenue increased 13% year-over-year to $1.51 billion. Its non-GAAP operating income rose 46.7% from the year-ago value to $544.70 million. During the same period, the company's non-GAAP net income and non-GAAP net income per share grew 50.7% and 53.7%, respectively, to $487.60 million and $0.63.
Analysts expect FTNT's EPS and revenue for the quarter ending December 31, 2024, to increase 19.1% and 12.7% year-over-year to $0.61 and $1.59 billion, respectively. It surpassed the consensus EPS estimates in each of the trailing four quarters. Over the past year, the stock has gained 91.4% to close the last trading session at $99.21.
FTNT's positive outlook is reflected in its POWR Ratings. It has an overall rating of B, equating to a Buy in our proprietary rating system.
It has an A grade for Sentiment and Quality. It is ranked #7 in the same industry. Beyond what we stated above, we also have given FTNT grades for Growth, Value, Momentum, and Security. Get all the FTNT ratings <a href="https://stocknews.com/stock/FTNT/">here</a>.
Stock #1: Check Point Software Technologies Ltd. (<a href="https://stocknews.com/stock/CHKP/">CHKP</a>)
CHKP develops, markets, and supports a range of products and services for IT security worldwide. The company offers a multilevel security architecture, as well as solutions for cloud, network, mobile devices, endpoints, information, and IoT.
On November 20, 2024, CHKP launched Quantum Firewall Software R82, featuring AI-powered engines to block 99.8% of zero-day threats. The update enhances threat prevention, DevOps agility, and operational simplicity, with innovations like post-quantum cryptography and seamless scalability for enterprise networks.
On October 1, 2024, CHKP announced the completion of its acquisition of Cyberint Technologies. This integration enhances the Infinity Platform with advanced external risk management, offering real-time threat intelligence, AI-powered risk detection, and proactive protection for businesses against cyber threats.
In terms of the trailing-12-month net income margin, CHKP's 33.17% is 794.1% higher than the 3.71% industry average. Its 15.19% trailing-12-month Return on Total Assets is 636.5% higher than the 2.06% industry average. Also, its 34.60% trailing-12-month EBIT margin is 537.4% higher than the industry average of 5.43%.
During the third quarter ended September 30, 2024, CHKP's total revenues increased 6.5% year-over-year to $635.10 million. The company's non-GAAP operating income grew 1.9% from the year-ago value to $274 million. Similarly, CHKP's non-GAAP net income and EPS were $255.40 million and $2.25, reflecting increases of 5.4% and 8.7%, respectively, from the prior year's quarter.
For the quarter ending December 31, 2024, CHKP's EPS is expected to increase 3.3% year-over-year to $2.65. Its revenue for the same quarter is expected to rise 5.3% year-over-year to $698.43 million. CHKP surpassed the Street EPS estimates in three of the trailing four quarters. Over the past year, the stock has gained 29.3% to close the last trading session at $186.82.
CHKP's positive outlook is reflected in its POWR Ratings. It has an overall rating of B, equating to a Buy in our proprietary rating system.
It is ranked #4 in the Software – Security industry. It has an A grade for Quality. To see CHKP's Growth, Value, Momentum, Stability, and Sentiment ratings, <a href="https://stocknews.com/stock/CHKP/">click here</a>.
What To Do Next?
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<hr />
FTNT shares were trading at $97.13 per share on Monday afternoon, down $2.08 (-2.10%). Year-to-date, FTNT has gained 65.95%, versus a 28.68% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Abhishek Bhuyan</h2> <img src='https:/wp-content/uploads/2023/07/ABhuyan.jpg' style="float:left; padding:5px;width:125px;">Abhishek embarked on his professional journey as a financial journalist due to his keen interest in discerning the fundamental factors that influence the future performance of financial instruments.<a href="https://stocknews.com/authors/?author=abhishek-bhuyan">More...</a>The post <a href=https://stocknews.com/news/ftnt-chkp-okta-3-cybersecurity-stocks-safeguarding-the-digital-world/>3 Cybersecurity Stocks Safeguarding the Digital World</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Cybersecurity Stocks Safeguarding the Digital World

KeyBanc upgraded Okta (OKTA) to Overweight from Sector Weight with a $115 price target The firm cites identity's "widening lead" as a top priority ...

Okta upgraded to Overweight from Sector Weight at KeyBanc

Okta (OKTA – Research Report) received a Buy rating and an $115.00 price target from KeyBanc analyst Eric Heath today. The company's shares closed ...

Positive Report for Okta (OKTA) from KeyBanc

Okta, Fortinet, C3.ai in focus as KeyBanc switches ratings

Cybersecurity offers strong investment prospects due to rising spending driven by escalating threats, regulatory reforms, and growing demand for enhanced protection, fueling substantial market growth and long-term returns. As a result, it could be wise to consider cybersecurity leaders like Okta (OKTA), Fortinet (FTNT), and Check Point Software Technologies (CHKP). Read on... The cybersecurity market is booming as businesses face escalating threats like ransomware and email compromises. These attacks not only incur immediate costs but also cause lasting damage, such as business disruptions and intellectual property theft. To combat these risks, companies are prioritizing robust cybersecurity measures, driving a surge in industry investments.
Therefore, investors could benefit from considering leading cybersecurity stocks like Okta, Inc. (<a href="https://stocknews.com/stock/OKTA/">OKTA</a>), Fortinet, Inc. (<a href="https://stocknews.com/stock/FTNT/">FTNT</a>), and Check Point Software Technologies Ltd. (<a href="https://stocknews.com/stock/CHKP/">CHKP</a>), which offer compelling options.
According to Gartner, global spending on information security is set to hit $212 billion by 2025, a <a href="https://www.gartner.com/en/newsroom/press-releases/2024-08-28-gartner-forecasts-global-information-security-spending-to-grow-15-percent-in-2025">15.1% rise from 2024</a>, driven by regulatory reforms like CIRCIA and the need for enhanced compliance. Investments focus on critical infrastructure, improved security postures, and addressing emerging threats, fostering trust and further boosting the cybersecurity market.
Furthermore, using visuals like charts and infographics enhances cybersecurity data accessibility, driving better business decisions. Cybersecurity leaders are also simplifying risk communication for stakeholders, ensuring stronger support for investments. As a result, the global cybersecurity market to grow from $193.73 billion in 2024 to $562.72 billion by 2032, at a <a href="https://www.fortunebusinessinsights.com/industry-reports/cyber-security-market-101165">CAGR of 14.3%</a>.
Let's now dive into the fundamentals of the three <a href="https://stocknews.com/category/software-security/">Software - Security</a> stocks highlighted above, starting with number three.
Stock #3: Okta, Inc. (<a href="https://stocknews.com/stock/OKTA/">OKTA</a>)
OKTA operates as an identity partner internationally. The company offers a suite of products and services designed to manage and secure identities, including Single Sign-On, Adaptive Multi-Factor Authentication, API Access Management, Access Gateway, and Okta Device Access.
On October 16, 2024, OKTA launched new Workforce Identity Cloud features to tackle security challenges like unmanaged SaaS accounts, governance risks, and social engineering attacks. These include Secure SaaS Service Accounts, Governance Analyzer with Okta AI, and improved identity verification, enhancing both security and user experience.
In terms of the trailing-12-month <a href="https://www.investopedia.com/terms/l/levered-free-cash-flow.asp">levered FCF</a> margin, OKTA's 28.20% is 151.4% higher than the 11.22% industry average. Likewise, its 76.12% trailing-12-month gross profit margin is 51% higher than the 50.41% industry average.
OKTA's total revenue for the fiscal third quarter ended October 31, 2024, increased 13.9% year-over-year to $665 million. Its non-GAAP operating income was $138 million, up 62.4% year-over-year. Additionally, its non-GAAP net income and net income per share were $121 million and $0.67, respectively, reflecting increases of 53.2% and 52.3% compared to the prior-year quarter.
Street expects OKTA's EPS and revenue for the quarter ending January 31, 2025, to increase 16.9% and 10.6% year-over-year to $0.74 and $669.10 million, respectively. It surpassed the consensus revenue estimates in each of the trailing four quarters. Over the past month, the stock has gained 11.7% to close the last trading session at $81.41.
OKTA's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect strong prospects. It has an overall rating of B, which translates to a Buy in our proprietary system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
It has an A grade for Growth and Sentiment. Within the A-rated <a href="https://stocknews.com/category/software-security/">Software - Security</a> industry, it is ranked #8 out of 20 stocks. To access additional grades for OKTA's Value, Momentum, Stability, and Quality ratings, <a href="https://stocknews.com/stock/OKTA/">click here</a>.
Stock #2: Fortinet, Inc. (<a href="https://stocknews.com/stock/FTNT/">FTNT</a>)
FTNT provides cybersecurity and converged networking and security solutions worldwide. It offers secure networking solutions focused on the integration of networking and security; network firewall solutions, including FortiGate data center, hyperscale, and distributed firewalls, as well as encrypted applications; wireless LAN solutions; and secure connectivity solutions.
On December 3, 2024, FTNT launched FortiAppSec Cloud, a unified platform for web application security and performance. It combines tools for API security, bot defense, and server load balancing, simplifying the protection and management of hybrid and multi-cloud environments.
In terms of the trailing-12-month Return on Common Equity margin, FTNT's 311.53% is significantly higher than the 4.29% industry average. Similarly, its 28.86% trailing-12-month levered FCF margin is 157.3% higher than the 11.22% industry average. Additionally, its 26.79% trailing-12-month net income margin is 632% higher than the 3.66% industry average.
For the third quarter ended September 30, 2024, FTNT's total revenue increased 13% year-over-year to $1.51 billion. Its non-GAAP operating income rose 46.7% from the year-ago value to $544.70 million. During the same period, the company's non-GAAP net income and non-GAAP net income per share grew 50.7% and 53.7%, respectively, to $487.60 million and $0.63.
Analysts expect FTNT's EPS and revenue for the quarter ending December 31, 2024, to increase 19.1% and 12.7% year-over-year to $0.61 and $1.60 billion, respectively. It surpassed the consensus EPS estimates in each of the trailing four quarters. Over the past year, the stock has gained 66.4% to close the last trading session at $93.36.
FTNT's positive outlook is reflected in its POWR Ratings. It has an overall rating of B, equating to a Buy in our proprietary rating system.
It has an A grade for Quality and a B for Sentiment. It is ranked #7 in the same industry. Beyond what we stated above, we also have given FTNT grades for Growth, Value, Momentum, and Security. Get all the FTNT ratings <a href="https://stocknews.com/stock/FTNT/">here</a>.
Stock #1: Check Point Software Technologies Ltd. (<a href="https://stocknews.com/stock/CHKP/">CHKP</a>)
CHKP develops, markets, and supports a range of products and services for IT security worldwide. The company offers a multilevel security architecture, as well as solutions for cloud, network, mobile devices, endpoints, information, and IoT.
On November 20, 2024, CHKP launched Quantum Firewall Software R82, using AI-powered engines to block 99.8% of zero-day threats. The update improves threat prevention, DevOps agility, and simplicity, with features like post-quantum cryptography and easy scalability for enterprise networks.
On October 1, 2024, CHKP completed its acquisition of Cyberint Technologies. This integration strengthens the Infinity Platform with advanced external risk management, providing real-time threat intelligence, AI-driven risk detection, and proactive protection for businesses against cyber threats.
In terms of the trailing-12-month net income margin, CHKP's 33.17% is 806.3% higher than the 3.66% industry average. Its 15.19% trailing-12-month Return on Total Assets is 703.9% higher than the 1.89% industry average. Also, its 34.60% trailing-12-month EBIT margin is 540.3% higher than the industry average of 5.40%.
During the third quarter ended September 30, 2024, CHKP's total revenues increased 6.5% year-over-year to $635.10 million. The company's non-GAAP operating income grew 1.9% from the year-ago value to $274 million. Similarly, CHKP's non-GAAP net income and EPS were $255.40 million and $2.25, reflecting increases of 5.4% and 8.7%, respectively, from the prior year's quarter.
For the quarter ending December 31, 2024, CHKP's EPS is expected to increase 3.2% year-over-year to $2.65. Its revenue for the same quarter is expected to rise 5.3% year-over-year to $698.55 million. CHKP surpassed the Street EPS estimates in three of the trailing four quarters. Over the past year, the stock has gained 21.5% to close the last trading session at $181.09.
CHKP's positive outlook is reflected in its POWR Ratings. It has an overall rating of B, equating to a Buy in our proprietary rating system.
It is ranked #6 in the Software – Security industry. It has an A grade for Quality. To see CHKP's Growth, Value, Momentum, Stability, and Sentiment ratings, <a href="https://stocknews.com/stock/CHKP/">click here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
FTNT shares were trading at $95.10 per share on Thursday afternoon, up $1.74 (+1.86%). Year-to-date, FTNT has gained 62.48%, versus a 25.09% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Abhishek Bhuyan</h2> <img src='https:/wp-content/uploads/2023/07/ABhuyan.jpg' style="float:left; padding:5px;width:125px;">Abhishek embarked on his professional journey as a financial journalist due to his keen interest in discerning the fundamental factors that influence the future performance of financial instruments.<a href="https://stocknews.com/authors/?author=abhishek-bhuyan">More...</a>The post <a href=https://stocknews.com/news/ftnt-chkp-okta-3-cybersecurity-leaders-benefiting-from-increased-spending/>3 Cybersecurity Leaders Benefiting from Increased Spending</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Cybersecurity Leaders Benefiting from Increased Spending

CyberArk leads cybersecurity software 'top picks' into 2025: JP Morgan

The cloud computing market has demonstrated phenomenal growth in recent years owing to its flexible, secure, and cost-effective nature. So, investing in ServiceNow (NOW), Okta (OKTA), and NetScout Systems (NTCT) could be a wise move for investors looking to capitalize on the sector's growth prospects. Read on... The cloud computing market is thriving owing to consistently increasing hybrid work trends and growing spending on cloud services. The widespread adoption of cloud technology is fueling a digital revolution, impacting businesses and industries worldwide.
Amid this backdrop, investors could scoop up shares of fundamentally stable cloud computing stocks, ServiceNow, Inc. (<a href="https://stocknews.com/stock/NOW/">NOW</a>), Okta, Inc. (<a href="https://stocknews.com/stock/OKTA/">OKTA</a>), and NetScout Systems, Inc. (<a href="https://stocknews.com/stock/NTCT/">NTCT</a>).
Cloud computing has taken off in the past few years owing to its intrinsic properties that have benefited both enterprises and employees alike. Its core appeal lies in its flexibility, scalability, efficiency, cost-effectiveness, and security. These attributes are why businesses increasingly incorporate cloud services into their operations.
With hybrid work trends on a hike, cloud computing has helped organizations eliminate the capital expense of buying hardware and software and setting up and running onsite data centers. As of November 2024, at least <a href="https://www.forbes.com/sites/rachelwells/2024/11/08/the-year-in-remote-work-2024s-biggest-shifts/">37% of employers</a> have adopted a hybrid working model, boosting the demand and need for cloud services.
Moreover, Gartner (<a href="https://stocknews.com/stock/IT/">IT</a>) forecasts that the worldwide end-user spending on public cloud services is set to reach <a href="https://www.gartner.com/en/newsroom/press-releases/2024-11-19-gartner-forecasts-worldwide-public-cloud-end-user-spending-to-total-723-billion-dollars-in-2025">$723.40 billion in 2025</a>, up from $595.70 billion in 2024, underscoring the market's growth potential.
According to a study by Fortune Business Highlights, the cloud computing market is forecasted to hit $2.29 trillion by 2032, growing at <a href="https://www.fortunebusinessinsights.com/cloud-computing-market-102697">a CAGR of 16.5%</a>. These projections are a testament to the cloud computing and services industries' bright future.
Now, let us dive deep into the fundamentals of three cloud computing challengers that are gaining market share, starting with #3.
Stock #3: ServiceNow, Inc. (<a href="https://stocknews.com/stock/NOW/">NOW</a>)
NOW provides end-to-end intelligent workflow automation platform solutions for digital businesses. The company offers end-to-end digital transformation, artificial intelligence, machine learning, robotic process automation, process mining, performance analytics, and collaboration and development tools through its Now platform.
On September 10, NOW <a href="https://www.servicenow.com/company/media/press-room/now-platform-raptordb.html">announced powerful data enhancements</a> to its Now Platform aimed at unlocking value with ultra‑scale and performance. The company's new addition to its platform, RaptorDB Pro high‑performance database, demonstrated a 53% improvement in overall transaction times, 27X faster pulling of reports, analytics, and list views, and a 3X increase in transactional throughput across workflows.
With new offerings that cater to the ever-growing data landscape, NOW is well-positioned to drive user growth in its platform and strengthen its position in the data management market.
On the same day, NOW announced <a href="https://www.servicenow.com/company/media/press-room/now-platform-ai-agents.html">plans to integrate Agentic AI</a> into its ServiceNow platform and facilitate productivity at massive scale across use cases including IT, customer service, procurement, HR, software development, and more.
With AI integrations flooding the tech landscape, this addition could place the company as a market leader aiding its customers to apply AI agents and skills that align with its unique needs.
For the fiscal 2024 third quarter that ended September 30, NOW's total <a href="https://www.investopedia.com/terms/r/revenue.asp">revenues</a> increased 22.2% year-over-year to $2.80 billion. Its non-GAAP gross profit rose 23.2% from the year-ago value to $2.31 billion. The company's non-GAAP income from operations grew 29% from the prior year's quarter to $872 million.
Additionally, the company's non-GAAP net income and non-GAAP net income per share increased 28.5% and 27.4% year-over-year to $775 million and $3.72, respectively.
Analysts expect NOW's revenue and EPS for the fiscal fourth quarter ending December 2024 to increase 21.5% and 17.4% year-over-year to $2.96 billion and $3.65, respectively. Moreover, the company topped the consensus revenue and EPS estimates in all four trailing quarters, which is impressive.
Shares of NOW have surged 48.6% over the past six months and 57.3% over the past year, closing the last trading session at $1,091.25.
NOW's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> mirror its solid fundamentals. It has an overall rating of B, equating to a Buy in our proprietary rating system. The POWR Ratings are calculated by taking into account 118 different factors, with each factor weighted to an optimal degree.
NOW has a B grade for growth, Sentiment, and Quality. Within the B-rated <a href="https://stocknews.com/category/software-business/">Software - Business</a> industry, NOW is ranked #12 out of 39 stocks.
In addition to the POWR Ratings highlighted above, you can check NOW's ratings for Value, Momentum, and Stability <a href="https://stocknews.com/stock/NOW/">here</a>.
Stock #2: Okta, Inc. (<a href="https://stocknews.com/stock/OKTA/">OKTA</a>)
OKTA is an identity partner that offers products and services that are used to manage and secure identities, such as single sign-on, adaptive multi-factor authentication, API access management, access gateway, and Okta device access. The company markets its products directly to customers via its sales force and channel partners.
On October 16, OKTA announced a new <a href="https://www.okta.com/press-room/press-releases/okta-helps-builders-easily-implement-auth-for-genai-apps-secure-how/">Customer Identity Cloud product</a> aimed at helping developers and organizations secure identity in GenAI applications, through secure identity standards. With the massive growth in the GenAI market, the new offering could enhance OKTA's market position and drive user growth.
On the same day, OKTA and the OpenID Foundation announced the<a href="https://www.okta.com/press-room/press-releases/okta-openid-foundation-tech-firms-tackle-todays-biggest-cybersecurity/"> formation of an OpenID Foundation working group</a> with Ping Identity, Microsoft Corporation (<a href="https://stocknews.com/stock/MSFT/">MSFT</a>), SGNL, and Beyond Identity to establish a new identity security standard, the Interoperability Profile for Secure Identity in the Enterprise (IPSIE).
With the widespread use of SaaS offerings across the tech sector, the new security standard could enhance the end-to-end security of the companies' products across every touchpoint of its technology stack.
For the fiscal 2025 third quarter that ended October 31, OKTA's total revenue increased 13.9% year-over-year to $665 million. Its non-GAAP gross profit rose 14.4% from the year-ago value to $541 million. The company's non-GAAP operating income grew 62.4% from the prior year's quarter to $138 million.
Moreover, OKTA's non-GAAP net income and non-GAAP net income per share increased 53.2% and 52.3% year-over-year to $121 million and $0.67, respectively.
The consensus revenue and EPS estimates of $669.10 million and $0.74 for the fiscal 2025 fourth quarter ending January 2025 exhibit a year-over-year rise of 10.6% and 16.9%, respectively. Additionally, the company surpassed the consensus revenue and EPS estimates in all of the four trailing quarters, which is noteworthy.
The stock has surged 9.9% over the past three months to close the last trading session at $83.28.
OKTA's robust prospects are reflected in its POWR Ratings. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
OKTA has an A grade for Growth and Sentiment. Within the B-rated <a href="https://stocknews.com/category/software-security/">Software - Security</a> industry, OKTA is ranked #8 out of 20 stocks.
To access OKTA's Value, Momentum, Stability, and Quality ratings, <a href="https://stocknews.com/stock/OKTA/">click here</a>.
Stock #1: NetScout Systems, Inc. (<a href="https://stocknews.com/stock/NTCT/">NTCT</a>)
NTCT provides service assurance and cybersecurity solutions for digital business services to protect against disruptions. The company's offerings include nGeniusONE management software, nGeniusPULSE, nGenius Business Analytics solution and more.
On December 19, NTCT announced the <a href="https://ir.netscout.com/investors/press-releases/press-release-details/2024/NETSCOUT-Leverages-AIML-to-Guard-Critical-IT-Infrastructure-and-Minimize-Business-Risk/default.aspx">introduction of artificial intelligence (AI) and machine learning (ML) technology</a> to its Arbor Edge Defense (AED) and Arbor Enterprise Manager (AEM) products to combat AI-enabled DDoS threats and protect critical IT infrastructure.
With the rapid rise in AI-enabled DDOS attacks, the advancement could strengthen the company's products against these attacks and reinforce its customers' need for protective solutions to minimize business risk.
On November 13, NTCT <a href="https://ir.netscout.com/investors/press-releases/press-release-details/2024/Arelion-Expands-Partnership-with-NETSCOUT-to-Enhance-Enterprise-DDoS-Mitigation-Capabilities/default.aspx">announced an expanded partnership</a> with Arelion, a global connectivity solution provider. The extended partnership aims to strengthen its DDoS attack mitigation capabilities and enhance NTCT's position in the cybersecurity market, opening its doors for future partnerships.
For the fiscal 2025 second quarter that ended September 30, NTCT's total revenue came in at $191.11 million. Its non-GAAP gross profit and non-GAAP income from operations were reported to be $152.25 million and $44.07 million, respectively.
Additionally, the company's non-GAAP net income and non-GAAP net income per share amounted to $33.56 million and $0.47, respectively.
Street expects NTCT's revenue and EPS for the fiscal 2025 fourth quarter ending March 2025 to increase 9.1% and 25.5% year-over-year to $222 million and $0.69, respectively. Moreover, the company topped the consensus EPS estimates in all four trailing quarters.
Shares of NTCT have surged 1.8% over the past three months and 17.2% over the past six months, closing the last trading session at $21.49.
NTCT's strong prospects are apparent in its POWR Ratings. It has an overall rating of A, equating to a Strong Buy in our proprietary rating system.
NTCT has a B grade for Growth, Value and Sentiment. It is ranked #6 out of 78 stocks within the B-rated <a href="https://stocknews.com/category/technology-services/">Technology - Services</a> industry.
<a href="https://stocknews.com/stock/NTCT/">Click here</a> to access NTCT's ratings for Quality, Stability, and Momentum.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
NOW shares were unchanged in premarket trading Monday. Year-to-date, NOW has gained 54.46%, versus a 25.54% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Aanchal Sugandh</h2> <img src='https:/wp-content/uploads/2022/12/Aanchal-Sugandh_Headshot.jpg' style="float:left; padding:5px;width:125px;">Aanchal's passion for financial markets drives her work as an investment analyst and journalist. She earned her bachelor's degree in finance and is pursuing the CFA program.

She is proficient at assessing the long-term prospects of stocks with her fundamental analysis skills. Her goal is to help investors build portfolios with sustainable returns.<a href="https://stocknews.com/authors/?author=aanchal-sugandh">More...</a>The post <a href=https://stocknews.com/news/now-okta-ntct-msft-3-cloud-computing-challengers-gaining-market-share/>3 Cloud Computing Challengers Gaining Market Share</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

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