Jefferies expects Okta to surpass its first-quarter contracted revenue growth target, driven by easier comparisons and strong identity demand. However, the firm warns that second-quarter guidance may fall short of Wall Street expectations, projecting growth slightly below consensus. Despite this, Jefferies maintains a Buy rating with a $105 price target, viewing Okta's valuation as attractive at about four times next-year revenue. The firm will watch for updates on Okta's AI-related products and customer traction as indicators of future growth potential.
Enterprise cybersecurity spending is projected to reach $215 billion by 2026, driven by rising AI-powered threats and stricter disclosure rules. Investors can access this growth through three main ETFs: Global X Cybersecurity ETF (BUG), First Trust N...
Anthropic is broadening its Project Glasswing, which uses its AI model Claude Mythos to detect critical software vulnerabilities, to about 150 new organizations in over 15 countries. Initially launched with 50 partners including the U.S. government, ...
