Okta Stock Forum

$Okta (OKTA.US)$ why okta plunged so much ? anyone can advice

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$Apple (AAPL.US)$ stock rose 1.5% as the company ordered significantly more components for iPhones than last year, indicating preparation for a sales boost driven by artificial intelligence.
$Salesforce (CRM.US)$ stock increased by 4.9% following a report of strong fiscal second-quarter results that exceeded expectations and an upgraded full-year profit outlook.
$Affirm Holdings (AFRM.US)$ stock soar...

$Okta (OKTA.US)$ the sell off has starred

$Okta (OKTA.US)$ Omly if earnings is beat. last time we could have went 100+ we missed esrnings here

Most sell side analysts and some buy side are buying the dip based on empiricism and betting on the momentum.
But I do think it can be very different this time.
TL;DR: multiple qtrs of headwind for $CrowdStrike (CRWD.US)$ , tailwind for standalone BoB like Wiz and $SentinelOne (S.US)$ , partially good for $Palo Alto Networks (PANW.US)$ .
Most of them they are betting on the empirical notion that previous events like this, e.g. $Okta (OKTA.US)$ 's brea...

$iShares Expanded Tech-Software Sector ETF (IGV.US)$ finished -5.8% (biggest daily drop since the pandemic w/Salesforce DOWN 20% (worst session in ~20 years), $UiPath (PATH.US)$ -35%, $Okta (OKTA.US)$ -6%, $MongoDB (MDB.US)$ -24%.

$Palo Alto Networks (PANW.US)$ several kmportant cyber security ER coming ip $Okta (OKTA.US)$ S, and ZS this week. CRWD next week.

$Okta (OKTA.US)$
Based on the estimates im reading on yahoo this could be a big earnings day if estimates are relatively close to actual earnings
“company is forcated to report an EPS of $0.54, showcasing a 145.45% upward movement from the corrosponding quarter of the prior year”
“Our most recent consensus estimate is calling for a quarterly revenue of 604.33Million, up 16.67% fron the year ago period”