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COMP:OKT, Jul 17, 07:12 UTC

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Monday, July 15


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Jul 15, 2019 - Fruth Investment Management Buys Dow Inc, Marathon Oil Corp, Ensco Rowan PLC, Sells Cree Inc, Kirby Corp, Alexander & Baldwin Inc

OKT MRO +1 more OKT MRO C

Fruth Investment Management Buys Dow Inc, Marathon Oil Corp, Ensco Rowan PLC, Sells Cree Inc, Kirby Corp, Alexander & Baldwin Inc. Houston, TX, based Investment company Fruth Investment Management (current portfolio) buys Dow Inc, Marathon Oil Corp, Ensco Rowan PLC, Total System Services Inc, Markel Corp, sells Cree Inc, Kirby Corp, Alexander & Baldwin Inc during the 3-months ended 2019Q2, according to the most recent filings of the investment company, Fruth Investment Management. As of 2019Q2, Fruth Investment Management owns 194 stocks with a total value of $244 million. Linde PLC (LIN) - 32,677 shares, 2.69% of the total portfolio. The impact to a portfolio due to this purchase was less than 0.01%.

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Saturday, June 22


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Okta Management Talks International Momentum, Headcount Growth, and More

OKT

Okta's revenue and non-GAAP loss per share were both much better than analysts' forecast for the period, as the company picked up traction with large customers. For investors who want a closer look at Okta's strong momentum, the company's earnings call provides some useful insight. These three excerpts, in particular, highlight notable drivers for revenue growth and one key area in which Okta is investing heavily to capture future growth. Customers with more than $100,000 in annual contract value increased 53% year over year -- an acceleration from 50% year-over-year growth in the fourth quarter of fiscal 2019. But there are other key catalysts worth highlighting. Management is putting its money where its mouth is, as Okta announced a data center expansion in the Asia-Pacific region and a new office in Germany on the same day of its fiscal first-quarter earnings release.

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Monday, June 17


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Okta Names Robert L. Dixon, Jr. to Board of Directors

OKT PEP

“Robert’s knowledge and expertise as CIO of one of the world’s most recognizable and successful brands will bring invaluable insight not only to Okta’s board of directors, but to our organization as a whole as we execute on our vision of enabling any organization to use any technology,” said Todd McKinnon, Chief Executive Officer and co-founder, Okta. “We put our customers first in everything we do, and Robert’s guidance will help us as we strive to make organizations of all sizes successful — from digitally transforming businesses engaging with customers online, to the world’s largest organizations evolving their IT infrastructures.”. Identity plays a foundational role in creating efficient and effective technology systems, and Okta has the strategy and leaders in place to meet every organization’s identity needs." Mr. Dixon has served on the board of directors of Anthem, Inc., a health benefits company, since July 2011, and he has served on the board of directors of Build-A-Bear Workshop, Inc., a specialty retailer, since February 2018.

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Wednesday, June 12


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Okta Named a Leader in Identity-as-a-Service for Enterprise

OKT

A complimentary version of the report can be found here. Forrester’s ranking builds on a history of industry recognition for Okta across analyst firms and technology disciplines. “Being named a Leader by Forrester is incredibly meaningful because we believe that validates how our vision of enabling any organization to use any technology is not only driving growth and innovation for Okta, but for all of our customers,” said Ryan Carlson, Chief Marketing Officer, Okta. “Over the last ten years, Okta has become the identity standard by delivering significant value for thousands of customers who rely on the Okta Identity Cloud, and it’s their success that matters most to us.”. In the Forrester report, Okta earned the highest possible score in twenty of the evaluation criteria, including “access management policy administration,” “API security and solution APIs,” and “identity management plans.” The report further describes Okta's solution: “From its single console, (Okta’s) solution offers strong user directory integration, and access management policy definition capabilities, good integrated Windows authentication (IWA) and single logout configuration support, and offers a broad range of productized multi factor authenticators.

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Friday, May 31


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Gap and Dell tumble while Williams-Sonoma and Okta advance

OKT DTRUMP

The cloud identity management company beat Wall Street's first quarter financial forecasts and gave investors a solid forecast for the year. The cloud computing services company issued a weaker-than-expected profit and revenue forecast for the current quarter. The clothing and apparel retailer's first quarter financial results fell short of Wall Street forecasts and it slashed its profit forecast for the year. The seller of cookware and home furnishings beat first quarter financial forecasts and raised its profit guidance for the year.

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5 Top Stock Trades for Monday: OKTA, T, STZ, TWLO

OKT

Just like Veeva (NASDAQ:VEEV) — which we covered yesterday — Okta (NASDAQ:OKTA) is outperforming in a tough day on Wall Street. The thing with these high-valuation, high-growth stocks is that when they are ready to move on, they can clear prior levels and trends in a hurry to establish new ones. Fighting a bearish overall tape makes this tough to do, but it can be done. In this case, Okta would have needed to maintain today’s highs near $120 to breakout over channel resistance. If we get a rebound next week, see if Okta can persist higher above this level. Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long AMZN and T. The post 5 Top Stock Trades for Monday: OKTA, T, STZ, TWLO appeared first on InvestorPlace.

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Gap and Dell tumble while Williams-Sonoma and Okta advance

OKT

Gap and Dell tumble while Williams-Sonoma and Okta advance. The cloud identity management company beat Wall Street's first quarter financial forecasts and gave investors a solid forecast for the year. The cloud computing services company issued a weaker-than-expected profit and revenue forecast for the current quarter. The clothing and apparel retailer's first quarter financial results fell short of Wall Street forecasts and it slashed its profit forecast for the year.

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Okta, Inc. (OKTA) Q1 2020 Earnings Call Transcript

OKT

Today, an organization's capacity for technology is what will determine its success. And we've built the Okta Identity Cloud to enable that transition with the speed, scale security and flexibility that our customers require. This is why identity has become so important. But unlike traditional identity solutions, Okta is an independent platform that is purpose-built for diverse environments and enables customers to adopt new technologies in a fraction of the time that it would take with legacy solutions. Security is now identity-centric and requires organizations to never trust and always verify users who are trying to access resources. For customers like NASDAQ and AECOM, Okta lays the foundation for zero trust because of our advanced access management capabilities and real time threat data that can be used to proactively protect organizations from attacks. This concept that there was going to be enough of your infrastructure, enough of your application stack that was going to be delivered from the cloud that it would make sense to have your security and your identity and your access control, and your access management also delivered from the cloud. And over the past eight years, seven years, that has dramatically shifted to where now, it's in many cases, especially the larger enterprises.

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After Hours: Amazon Calls, Okta Breaks Revenue Record

OKT AMZN

Obviously, this is not a real holiday. But given the clutch of fundamentals in the sector that were reported after market close today, it might as well be. Amazon is (maybe) on the phone. What's next for the retailer that sells everything? If an article published late this afternoon from Reuters is accurate, the answer might well be a mobile phone service provider. The article, citing "two sources familiar with the matter," has it that Amazon is considering the purchase of discount mobile service purveyor Boost Mobile. According to Reuters' sources, Amazon finds Boost attractive because of "an attached wholesale deal that would allow the buyer to use T-Mobile's wireless network for at least six years."

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Thursday, May 30


News

Okta Announces First Asia Pacific Infrastructure and New Office in Germany, Continuing International Expansion

OKT

“As organizations around the world recognize that identity is essential to harnessing the promise of technology, we are investing in global expansion to support these forward-looking organizations’ initiatives with our people, resources, and technology,” said Todd McKinnon, Chief Executive Officer and co-founder, Okta. “Our new infrastructure in Sydney, Australia is an important step in helping to ensure that Okta is able to support our customers in the APAC region as their requirements change over time. And our office in Munich enables our customers in Germany, Austria, and Switzerland to work closely with the team as we enable them to securely use the best technologies for their business. Location in Australia leveraging multiple data centers and cloud infrastructure provided by Amazon Web Services, built with the same high-availability architecture design as Okta’s US infrastructure;. With the Okta Identity Cloud, Merz connects its more than 3,100 employees and hundreds of partners worldwide to critical data, portals, and applications.

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