Okta, Inc. (okta) Beats Market Expectations!

Discussion in 'Investment Charts' started by Chartman, Sep 9, 2018.

  1. Chartman

    Chartman Senior Investor

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  2. longtermbull

    longtermbull Administrator Staff Member

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    Cybersecurity is a funny industry because without cyber attacks it can be a difficult sell. However, the more cyber attacks there are, the more people begin to doubt the quality of cyber security software already out there. Very difficult!

    However, looking purely at the graph this one has been improving for some time.
     
  3. J_C_Anderson

    J_C_Anderson Member

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    It seems very interesting as the whole industry reported well.
     
  4. gowiththeflow

    gowiththeflow Senior Investor

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    Cybersecurity has been seen as a waste of money by many businesses in recent times but that opinion is slowly changing. Tighter laws and a need to ensure customer's that their data is safe is making many think again. Looking from a top down approach I would say the sector is back in favour :)
     
  5. gowiththeflow

    gowiththeflow Senior Investor

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  6. longtermbull

    longtermbull Administrator Staff Member

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    Cyber security is not going away. Ill-advised director sales in a choppy market have not done the share price any favours. Certainly want to watch.
     
  7. Chartman

    Chartman Senior Investor

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    This one seems to have slipped out of the recent uptrend very quickly! Is it just market jitters or is there more behind this than meets the eye?
     
  8. gowiththeflow

    gowiththeflow Senior Investor

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    Any concerted bounce over $64 and this share is back in an uptrend - it is highly likely that cybersecurity company share prices will be volatile in the future. It is going to be a very crowded and very competitive area of the market. Maybe the key to making money in this sector is finding the quality companies which will be taken out by their larger competitors. Which ones are causing a stir in the market? Which ones are getting under the skin of the big players?
     
  9. longtermbull

    longtermbull Administrator Staff Member

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    Stuck in a tight range at the moment but I expect the shares to push through resistance and move back towards the $70 a share level.
     
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