Shares of Okta (NASDAQ: OKTA) were higher today after the beaten-down stock got a positive analyst note from Jefferies, which said that the risk/reward on the cloud identity software company is appealing right now. As of 12:10 p.m. ET, Okta stock was up 3.8% on the news. In a note this morning, Jefferies analyst Joseph Gallo lowered his price target from $90 to $80 but maintained his buy rating on the stock.
Marvell's (MRVL) fiscal third-quarter performance is likely to have benefited from the accelerated demand for its networking and storage end-market products.
Though Synopsys' (SNPS) Q4 performance is likely to have benefited from the increasing global design activity and customer engagements, persistent supply-chain issues might have hurt the top line.