Okta (OKTA) was a downgraded to "Market Perform" at JMP Securities—with analysts citing significant brand degradation after a recent security breach. Citizens JMP Securities Equity Research Analyst Trevor Walsh joins Yahoo Finance Live to discuss why he downgraded the stock. Walsh surveyed customers and found "the overall perception of the brand" took a hit. Regarding the breach itself, Walsh notes that it is "difficult to quantify" the impact of this breach and breaches in general, but does note that about 1% of customers were affected. Walsh does expect the breach to cause "pause" from customers. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
SAN FRANCISCO, November 28, 2023--Okta, Inc. (NASDAQ:OKTA), the leading independent identity partner, today announced two new executive appointments. Jon Addison has been named Okta’s Chief Revenue Officer (CRO), and Kerry Ok has been named Okta’s Chief Marketing Officer (CMO). Jon will report to Okta’s CEO and co-founder, Todd McKinnon, and Kerry will report to Okta’s Chief Customer Officer, Eric Kelleher.
Bargains have been harder to come by lately due to the stock market's rally this year. Let's look at a few of these winning businesses that are attractively valued today relative to their impressive growth prospects. Crocs (NASDAQ: CROX) has come a long way from being just a fad-driven shoe specialist with limited growth potential.