Okta on Tuesday topped Wall Street’s third-quarter estimates and issued an upbeat outlook, but shares fell despite the outperformance as investors had high hopes for AI demand. Shares of the identity management provider fell more than 3% in after-hours trading on Tuesday. Here’s how the company did versus LSEG estimates: Earnings per share: 82 cents…
Judson Althoff, CEO of Microsoft’s commercial business and then mresident of Microsoft North America, speaks during We Day at KeyArena in Seattle on April 23, 2015. Mat Hayward | Getty Images Entertainment | Getty Images Microsoft made it easier for corporate workers to make AI agents that go off and do work. Now it’s demonstrating…
Okta CEO Todd McKinnon appears on CNBC in September 2018. Anjali Sundaram | CNBC Okta shares rose 7% in extended trading on Tuesday after the identity software maker reported fiscal results that exceeded Wall Street projections. Here’s how the company did in comparison with LSEG consensus: Earnings per share: 91 cents adjusted vs. 84 cents…
Piotr Swat | Lightrocket | Getty Images Palo Alto Networks will take over Israeli identity security provider CyberArk in a deal valued at roughly $25 billion. The California-based cybersecurity company will pay shareholders $45 apiece for 2.2005 shares of CyberArk, representing a 26% premium to its share price Friday. The deal is expected to close…
Nikesh Arora, CEO of Palo Alto Networks, looks on during the closing bell at the Nasdaq Market in New York City on March 25, 2025. Jeenah Moon | Reuters CyberArk shares soared 13% on Tuesday after The Wall Street Journal reported that cybersecurity provider Palo Alto Networks has held discussions to buy the identity management…
