Yahoo Finance

Now time for some of today's trending tickers. We're watching Octa and Vail Resorts joining me now. We've got my morning brief co-host Madison Mills. Maddie, first up, let's set the scene here on Octa. Octa plunging despite an earnings beat after giving a weaker than expected outlook for the second quarter and the firm sees current remaining performance obligations RPO at $2.2 to $2.21 billion. That's just shy of estimates. Analysts say that the outlook could be conservative. Shares right now, they're down by about 13%.

Yeah, not only important for octa investors, but we like to look at cyber security companies like this because it can be a check on demand from their customers. And that's the exact sticking point here. Analysts seeing the forecast going forward as conservative, particularly RBC Capital Markets talking about how the company does appear to be on track with their prior assumptions. They're seeing some good traction while not seeing any macro pressures here, but there is of course that uncertainty in that second quarter outlook, which was guided lower and was mismodeled by the street. Having said that, there is some potential here. We have JP Morgan saying there's meaningful potential for the stock to rerate higher if they are able to execute on their current plans. That maybe it was a quarter to give more conservative guidance because of all the uncertainty given some of the question marks about deal execution that is needed to drive reacceleration for the company going forward. I think that's going to be the key question for them. But having said that, Scotiabank ending with this saying that they had a very strong end to the year here, even though the results were a little bit less exciting than expected.

All right, keeping tabs on shares of OKTA here. Next up, we've also got Vail resorts that's upgraded to neutral from underweight at JP Morgan. The firm sees potential for the company with the return of its former CEO who they see as having a growth track record. Taking a look at shares of Vail, ticker symbol MTN. That's up by about 12, just shy of 13% here during today's session.

Yeah, it's interesting here. We've got JP Morgan obviously with that upgrade here saying that they expect cats to bring growth to Vail resorts given his first term as CEO here. And you can see that's obviously playing out in the stock action here again. Uh this this is the operator of ski resorts reappointing Rob Katz as CEO, succeeding Kirsten Lynch, and reaffirming its fiscal 2025 guidance. Analysts more broadly do seem to think that this leadership change is positive here. Katz is well regarded by the investment community for uh according to Truist securities, his ingenuity in what was or is arguably a more mature industry. Also, Jeffries taking a look at his previous tenure from 2006 to 2021, seeing growth over that time period resulting share price performance in that period being positive as well. So Jeffries is expecting a more positive outlook heading into the next quarterly report here. Uh Katz is going to serve as the chairperson of the board going forward here in the company again reaffirming its outlook going forward as well.

All right, excellent breakdown on both of these here. We'll continue to track both of those tickers Octa and MTN for Vail throughout the rest of today's trading session. Maddie, thank you.