OKTA - オクタ （Okta Inc.） オクタ

Slack has filed an antitrust complaint against Microsoft with the European Commission, accusing the tech giant of anti-competitive behavior with its chat and collaboration app Teams. The complaint wasn't exactly surprising: Slack CEO Stewart Butterfield has previously called Microsoft "unhealthily preoccupied" with "killing" Slack. Regardless of the outcome of the complaint, Wall Street analysts say it's a "smart business decision" for Slack because it puts more scrutiny on Microsoft's dominance in collaborative software and could force the company to slow down. However, they're doubtful that it will lead to Slack achieving its ultimate aim of forcing Microsoft to sell Teams as a standalone product. Click here to read more BI Prime stories. Slack has filed an antitrust complaint against Microsoft with the European Commission, it announced Wednesday, accusing the company of stifling competition through its chat and collaboration app Teams. Slack accuses Microsoft of engaging in illegal, anti-competitive tactics by tying Teams into its productivity suite, force-installing it for customers, blocking its removal, and hiding its "true cost" from its enterprise customers.

What's Next for Okta Stock and How Investors Should Play It…OKTA

OKTA's 40-day moving average helped springboard the equity higher in the past

Investors are pouring money into companies like Okta and Datadog as they show potential for lower costs and continued revenue growth.

2020's top stock picker as measured by performance has leaned on work-from-home stocks to drive the bulk of gains year-to-date. Morgan Stanley's Dennis Lynch is the portfolio manager of the Morgan Stanley Institutional Discovery Portfolio, which has posted a 12-month total return of 56.2%, ranking No. 1 among active funds that rely on fundamentals and don't use leverage. Here are the top 10 holdings driving strong performance in Lynch's Discovery portfolio. Visit Business Insider's homepage for more stories . Despite the turbulent stock market that saw a 20% drawdown in the first quarter and a 20% rise in the second quarter, some stock pickers are thriving amid the volatility. Case in point, Morgan Stanley's Dennis Lynch, who is the head of the Counterpoint Global team and a portfolio manager of the Morgan Stanley Institutional Discovery Portfolio. The fund placed No. 1 in The Wall Street Journal's Winners' Circle contest. The growth-oriented fund posted a 12-month total return of 56.2%, and was up 59.3% for the first half of 2020, according to The Journal.

Investors are pouring money into companies like Okta and Datadog as they show potential for lower costs and continued revenue growth.

2020's top stock picker as measured by performance has leaned on work-from-home stocks to drive the bulk of gains year-to-date. Morgan Stanley's Dennis Lynch is the portfolio manager of the Morgan Stanley Institutional Discovery Portfolio, which has posted a 12-month total return of 56.2%, ranking No. 1 among active funds that rely on fundamentals and don't use leverage. Here are the top 10 holdings driving strong performance in Lynch's Discovery portfolio. Visit Business Insider's homepage for more stories . Despite the turbulent stock market that saw a 20% drawdown in the first quarter and a 20% rise in the second quarter, some stock pickers are thriving amid the volatility. Case in point, Morgan Stanley's Dennis Lynch, who is the head of the Counterpoint Global team and a portfolio manager of the Morgan Stanley Institutional Discovery Portfolio. The fund placed No. 1 in The Wall Street Journal's Winners' Circle contest. The growth-oriented fund posted a 12-month total return of 56.2%, and was up 59.3% for the first half of 2020, according to The Journal.

Business Insider asked venture capitalists — including from firms like Andreessen Horowitz and Kleiner Perkins— to name the top cloud infrastructure startups they expect to boom this year. The VCs recommended 24 startups, from well-known companies like $12.4 billion Snowflake to lesser known up-and-comers. Find their choices below, as well as what each company does, and how much funding it's raised. Visit Business Insider's homepage for more stories . The shift to remote work has created a surge in cloud computing demand, and while the market is dominated by the likes of Amazon and Microsoft, the pandemic is creating opportunity for startups, too. Cloud infrastructure spending reached $31 billion in the first quarter of the year, according to an estimate from tech market researcher Canalys . The top four providers — Amazon Web Services, Microsoft Azure, Google Cloud, and Alibaba Cloud — accounted for 62% of the cloud spend while the remaining 38% percent went to other providers, Canalys estimated.

SAN FRANCISCO--(BUSINESS WIRE)--Okta, Inc. (NASDAQ:OKTA), the leading independent provider of identity for the enterprise, today announced a major milestone in cloud reliability and uptime, offering 99.99% uptime to all customers in every region of the world at no additional cost. Through its distributed and highly available cloud architecture, now Okta customers of every size – whether free developer instances, up to the largest enterprises – can now count on unparalleled reliability and nearl

BTIG’s Gray Powell cut his rating on the identity-management software company to Neutral from Buy, asserting that growth has slowed down just enough to raise questions about the company’s very generous valuation.

SAN FRANCISCO--(BUSINESS WIRE)--Okta, Inc. (NASDAQ: OKTA), the leading independent provider of identity for the enterprise, today announced that members of its management team are scheduled to participate in upcoming investor conferences. Details for each event are as follows: Bank of America Securities 2020 Global Technology Conference Presenter: Bill Losch, Chief Financial Officer Tuesday, June 2, 2020 William Blair 40th Annual Growth Stock Conference Presenter: Bill Losch, Chief Financial Of

SAN FRANCISCO--(BUSINESS WIRE)--Okta, Inc. (NASDAQ:OKTA), the leading independent provider of identity for the enterprise, today announced a new native integration with Amazon Web Services Single Sign-On (AWS SSO), providing Okta customers with improved security, user experience, and provisioning capabilities. Available immediately through the Okta Integration Network, the new capability enables Okta customers to provision identities to AWS SSO for authorization management, delivering automatic

SAN FRANCISCO--(BUSINESS WIRE)--Okta, Inc. (NASDAQ:OKTA), the leading independent provider of identity for the enterprise, today announced FedEx (NYSE: FDX) has successfully implemented the Okta Identity Cloud to securely enable its global workforce of essential employees to remotely access the critical applications required to successfully deliver goods and services to customers during the COVID-19 pandemic. Okta also announced new and expanded partnerships with customers including Australian

SAN FRANCISCO--(BUSINESS WIRE)--Okta, Inc. (NASDAQ: OKTA), the leading independent provider of identity for the enterprise, today announced financial results for its first quarter ended April 30, 2020. "Okta is at the forefront of helping organizations adapt to the current environment where secure remote access has become a top priority across industries," said Todd McKinnon, Chief Executive Officer and co-founder of Okta. "Our strong first quarter performance reflects our market leadership and

Here is a sneak peek into how VMW, ZS, OKTA and CRM are poised ahead of their upcoming earnings releases on May 28.