NetApp also provides cloud storage and data services, comprising NetApp Cloud Volumes ONTAP, Azure NetApp Files, Amazon FSx for NetApp ONTAP, NetApp Cloud Volumes Service for Google Cloud, NetApp Cloud Sync, NetApp Cloud Tiering, NetApp Cloud Backup, NetApp Cloud Data Sense and NetApp Cloud Volumes Edge Cache. Its cloud operations services include NetApp Cloud Insights, Spot Ocean Kubernetes Suite, Spot Security, Spot Eco and Spot CloudCheckr.
In addition, the company offers application-aware data management service under the NetApp Astra name, and professional and support services, such as strategic consulting, professional, managed and support services. Further, it provides assessment, design, implementation and migration services.
NetApp stock has an $84 target price at Jefferies. The consensus target is $78.05, and Tuesday’s close was at $59.47.
Okta
This top software stock was dismantled and has plummeted over the past year. Okta Inc. (NASDAQ: OKTA) provides identity solutions for enterprises, small and medium-sized businesses, universities, nonprofits and government agencies in the United States and internationally.
The company offers Okta Identity Cloud, a platform that offers a suite of products and services, such as Universal Directory, a cloud-based system of record to store and secure user, application and device profiles for an organization; Single Sign-On that enables users to access applications in the cloud or on-premise from various devices; Adaptive Multi-Factor Authentication provides a layer of security for cloud, mobile, Web applications and data; Lifecycle Management that enables IT organizations or developers to manage a user’s identity throughout its lifecycle; API Access Management that enables organizations to secure APIs; Access Gateway that enables organizations to extend the Okta Identity Cloud from the cloud to their existing on-premise applications; and Advanced Server Access to secure cloud infrastructure.
Okta also provides Auth0 products, including Universal Login that allows customers to provide login experience across different applications and devices; Attack Protection, a suite of security capabilities that protect from malicious traffics; Adaptive Multi-Factor Authentication that minimizes friction to end users; Passwordless authentication enables users to login without a password and supports in various login methods; Machine to Machine provides standards-based authentication and authorization; private Cloud that allows customers to run a dedicated cloud instance of Auth0; and Organizations that enables customers to independent configurations, login experiences and security options.
Jefferies has set an $80 target price, and the consensus target is $78.85. Okta stock closed on Tuesday at $66.27.
None of these stocks are appropriate for conservative investors, but aggressive growth investors with some dry powder may want to consider positions in these top companies that were all hammered in 2022. Plus, if the Jefferies theory on the January effect comes to fruition, there could be some big gains coming from these former white-hot stocks.
Originally published at 24/7 Wall St.
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