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Palo Alto Networks (NASDAQ:PANW | PANW Price Prediction) and Okta (NASDAQ:OKTA) are both selling off sharply Friday, with PANW stock sliding 6% to $146 and OKTA shares dropping 7% to $73.50 as of midday.
OKTA's strong Q4 shows 11.5% subscription growth as new identity security products drive higher deal value and boost enterprise adoption.
Cybersecurity stocks tumbled Friday morning on the news of a new Anthropic model, but analysts argue that AI will ultimately be a tailwind for the sector
Steve Koenig digs into Okta Inc.'s (OKTA) bounce back, saying their last quarterly report and guidance were reassuring. He discusses their upcoming AI product launches which may be building hype but thinks it comes down to the fundamental financials.
Recently, Zacks.com users have been paying close attention to Okta (OKTA). This makes it worthwhile to examine what the stock has in store.
OKTA's expanding client base and new AI-driven identity offerings boost bookings and market share, even as competition intensifies and shares lag year to date.
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