Okta, Inc. (OKTA) Reaches $27.85 After 3.00% Down Move; Carbonite Has 1.36 Sentiment

December 8, 2017 - By Ellis Scott

The stock of Okta, Inc. (NASDAQ:OKTA) is a huge mover today! The stock decreased 4.53% or $1.32 during the last trading session, reaching $27.85. About 1.29 million shares traded or 53.59% up from the average. Okta, Inc. (NASDAQ:OKTA) has 0.00% since December 8, 2016 and is . It has underperformed by 16.70% the S&P500.The move comes after 6 months negative chart setup for the $2.66 billion company. It was reported on Dec, 8 by Barchart.com. We have $27.01 PT which if reached, will make NASDAQ:OKTA worth $79.86 million less.

Carbonite, Inc., together with its subsidiaries, provides cloud backup and restore solutions to small and medium sized businesses, and clients in the United States. The company has market cap of $652.57 million. It offers data protection solutions, such as cloud, hybrid and on-premise backup and restore, disaster recovery as a service , and email archiving. It currently has negative earnings. The companyÂ’s solutions include Carbonite Computer Backup, which automatically back up files directly to the cloud and include various devices; and Carbonite Server Backup that provides cloud and hybrid backup for physical and virtual servers with advanced management capabilities comprising scheduling, retention, bandwidth and compression settings, and detailed monitoring and reporting through personalized server dashboard.

Okta, Inc. operates an integrated system that connects persons via devices. The company has market cap of $2.66 billion. The companyÂ’s identity cloud connects various companies to pre-integrated apps and devices every day. It currently has negative earnings. It offers single sign-on, mobility management, adaptive multi-factor authentication, lifecycle management, and universal directory products for IT customers; and complete authentication, user management, flexible administration, API access management, and developer tools for developers.

The stock increased 0.43% or $0.1 during the last trading session, reaching $23.35. About 42,622 shares traded. Carbonite, Inc. (CARB) has risen 113.73% since December 8, 2016 and is uptrending. It has outperformed by 97.03% the S&P500.

Analysts await Carbonite, Inc. (NASDAQ:CARB) to report earnings on February, 8. They expect $0.19 EPS, up 375.00% or $0.15 from last year’s $0.04 per share. CARB’s profit will be $5.31M for 30.72 P/E if the $0.19 EPS becomes a reality. After $0.13 actual EPS reported by Carbonite, Inc. for the previous quarter, Wall Street now forecasts 46.15% EPS growth.

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