Okta Stock Looks Compelling On Recent Weakness [Seeking Alpha]
International Business Machines Corporation (IBM)
Last international business machines corporation earnings: 4/20 04:08 pm
Check Earnings Report
US:NYSE Investor Relations:
ibm.com/investor
Company Research
Source: Seeking Alpha
Okta Stock Looks Compelling On Recent Weakness Summary OKTA stock is in the midst of its second worst correction ever. The fundamentals remain healthy and robust. The stock is now undervalued relative to the company's long-term earnings growth potential - a rarity for a momentum growth stock. Optics will improve into the end of the year, and the technical picture implies that the worst of this sell-off is over. This is a compelling opportunity to buy the dip. Shares of cloud identity and access management giant Okta ( We believe recent weakness in OKTA stock is a great buying opportunity into a secular winner. Our "buy the dip" thesis here is predicated on three ideas. First, OKTA stock is a long-term winner with great secular growth fundamentals, and those fundamentals are presently being undervalued by the market - which is super rare for a momentum growth stock. Second, the optics surrounding OKTA stock should meaningfully improve into the end of the year, providing healthy support
Show less
Read more
Impact Snapshot
Event Time:
IBM
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
IBM alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
IBM alerts
High impacting International Business Machines Corporation news events
Weekly update
A roundup of the hottest topics
IBM
News
- Quisitive Announces Dan Kunz as Executive Vice President of Microsoft Cloud and AI Delivery Organization [Yahoo! Finance]Yahoo! Finance
- SuperWomen Of FMS Leadership Award Nominations Now Open [Yahoo! Finance]Yahoo! Finance
- Generative AI in Cyber Security Market Size to Reach USD 146.9 Billion By 2032, at 26.4% CAGR: Insights by Dimension Market Research [Yahoo! Finance]Yahoo! Finance
- IBM: Embedding Our Net Zero Goal in Our Business Operations Using AI [Yahoo! Finance]Yahoo! Finance
- Meta releases Llama 3, claims it's among the best open models available [Yahoo! Finance]Yahoo! Finance
IBM
Earnings
- 1/24/24 - Beat
IBM
Sec Filings
- 4/5/24 - Form DEFA14A
- 4/4/24 - Form 4
- 4/4/24 - Form 4
- IBM's page on the SEC website