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Okta Tumbles on Wider First-Quarter Loss, CFO Sudden Departure


Okta  (
OKTA) - Get Report was falling Thursday after posting a wider first-quarter loss and announcing the departure of its chief financial officer, but analysts were generally sticking with the identity-verification company.
Shares of the San Francisco company at last check were down 11% to $218.88.
Okta posted an adjusted net loss of $13 million, or 10 cents a share, compared with a year-earlier adjusted net loss of $7 million, or 6 cents a share. Revenue rose 37% from a year earlier to $251 million. 
The FactSet consensus called an adjusted net loss of 20 cents a share on revenue of $239 million.
The company said CFO Mike Kourey is stepping down. Brett Tighe, Okta’s senior vice president of finance and treasurer, has been named interim CFO while the company conducts a search for a permanent successor. ....

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Chaos means cash for criminals and cybersecurity companies


Chaos means cash for criminals and cybersecurity companies
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The pandemic not only accelerated a shift to digital, it highlighted a rush of cybercriminal sophistication, collaboration and chaotic responses from virtually every major company on the planet.
The SolarWinds hack exposed digital supply chain weaknesses and appears to have accelerated so-called island-hopping techniques that are exceedingly difficult to detect. Moreover, the will and aggressiveness of well-organized cybercriminals has risen to the point where incident responses are met with counterattacks designed both to punish and to extract money from victims via ransomware and other criminal activities involving a double-extortion maneuver.
One upshot is the cybersecurity market remains one of the most enduring and attractive investment sectors for those who can figure out where the market is headed and which firms are best positioned to capitalize. ....

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15 Best Stocks in the Past Week: Novavax, Moderna Surge Higher


15 Best Stocks in the Past Week: Novavax, Moderna Surge Higher
TheStreet
2 hrs ago
© TheStreet
15 Best Stocks in the Past Week: Novavax, Moderna Surge Higher
Stocks rose Friday as soaring growth in China provided investors with further reasons to believe in a surging post-pandemic recovery.
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The Dow Jones Industrial Average jumped 116 points, or 0.34%, to 34,152, and the S&P 500 gained 0.24%. The Nasdaq declined 0.05%. The Dow and S&P 500 set intraday all-time highs on Friday.
Bitcoin fell Friday after Turkey s central bank issued a ban against the use of cryptocurrencies for payments in the country starting from the end of the month. ....

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15 Best Stocks in the Past Week: Vaccine Stocks Surge Higher


15 Best Stocks in the Past Week: Vaccine Stocks Surge Higher
The best-performing stocks in the past week include Novavax, BioNTech, Moderna, Nuance, Nvidia, Wells Fargo, Tesla, Dell, and more.
Author:
Apr 18, 2021 9:31 AM EDT
Stocks rose Friday as soaring growth in China provided investors with further reasons to believe in a surging post-pandemic recovery.
The Dow Jones Industrial Average jumped 116 points, or 0.34%, to 34,152, and the S&P 500 gained 0.24%. The Nasdaq declined 0.05%. The Dow and S&P 500 set intraday all-time highs on Friday.
Bitcoin fell Friday after Turkey s central bank issued a ban against the use of cryptocurrencies for payments in the country starting from the end of the month. ....

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