Software Companies' Results Will Meet High Expectations, Analysts Say

Dow Jones07:10

1910 ET - Several software companies set to report next week will contend with elevated expectations among investors, D.A. Davidson analysts say in a note. Expectations are higher than they have been in a long time for Okta in particular, the analysts say, forecasting an acceleration for the company's current remaining performance obligations growth. Expectations are also high for CrowdStrike and Rubrik, per usual, they say. The analysts expect CrowdStrike to deliver a bigger-than-usual beat on annual recurring revenue after lighter-than-typical upside in the first quarter, and say they can foresee a wide range of potential outcomes for Rubrik given memory prices and other factors. Meanwhile, expectations for SentinelOne are the lowest among the bunch, they say.

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