Okta

Rubrik Q2 revenue $427.3M vs est. $396M, adj EPS $0.20 vs est. $0.04, FCF $65.7M vs est. $39.7M. Subscription ARR +33% YoY to $1.66B. FY27 revenue guide raised to $1.685B-$1.693B (est. $1.64B), EPS to $0.47-$0.53 (est. $0.31). Q3 revenue guide $429M-$431M above $418M est.

Piper Sandler upgraded MAC to Overweight (PT $30) and WAT to Overweight (PT $480). Baird upgraded SNPS to Outperform (PT $560). Citi upgraded SQM to Buy (PT $95). Deutsche Bank upgraded LTC to Buy (PT $55) but downgraded RF to Hold (PT $34) and CELH to Hold (PT $35). BMO upgraded EXR to Outperform (PT $170) and downgraded SMA to Market Perform (PT $38). Wells Fargo upgraded BWXT to Equal Weight (PT $170). BofA upgraded SUI to Neutral (PT $140), OKTA to Neutral (PT $170), and P to Buy (PT $150). Citi downgraded ANF to Neutral (PT $156). Truist downgraded PRI to Hold.