17 September 2022
By : Quick Insurance Guru
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Credit : Unsplash
Okta shares got slammed after its most recent earnings report.
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The company claimed that integrating Auth0, the customer identity software provider it bought last year, was tough.
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Additionally, it reduced its long-term forecast of $4 billion in yearly income by January 2026.
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Even during the pandemic, since its initial public offering (IPO) in 2017, revenue has increased by 37% or more every quarter.
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Okta or Auth0 -- is best for them. If those changes have the desired impact, Okta stock should be rebounding shortly.
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Axon Enterprise doesn't fit the conventional definition of a tech company.
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It is a unique firm with little to no direct rivalry across its portfolio of hardware and software goods since its products complement one another.
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As a result of that market leadership, Axon has steadily delivered strong growth and solid profits.
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However, its revenue from new software-as-a-service offerings increased by almost threefold, demonstrating that software investments are paying off.
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Adjusted net income in the quarter rose 16% to $31.8 million, and the company raised its full-year revenue guidance by 27% to $1.07 billion-$1.12 billion.
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