2 Top Tech Stocks To Buy for the Long Haul

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17 September 2022

By : Quick Insurance Guru

2022 has been a rough year for tech stocks.

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Although the bear market may be discouraging for investors, this is no justification to steer clear of the industry. 

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1. Okta

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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.

2. Axon Enterprise

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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.

THANKS FOR READING!

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2 Top Tech Stocks To Buy for the Long Haul