DKS, OKTA, and CRWD: 3 Trending Stocks Making Big Moves

DICK’S Sporting Goods DKS, Okta OKTA, and CrowdStrike CRWD have all been drawing extra investor attention lately, with recent earnings releases highlighting some key developments.

DKS Slashes Outlook

DICK’S Sporting Goods had a tough post-earnings reaction after reporting adjusted EPS of $3.53 and revenue of $5.6 billion, with earnings sliding roughly 20% YoY alongside 53% YoY revenue growth. Both items fell short of our consensus estimates, and while the YoY revenue surge looks appealing, it’s worth remembering that much of that growth reflects the addition of Foot Locker, which DKS acquired last September.

DICK’S business remained relatively solid, with comparable sales rising 4.9%, but Foot Locker proved to be a much bigger drag on the overall story. Comparable sales at Foot Locker fell 3.6%, as softer demand for older footwear styles, fewer major product launches, and a more promotional backdrop all weighed on performance.

That pressure also spilled into profitability, leading management to cut its fiscal 2026 adjusted EPS outlook. Shares plunged as a result of the guidance cut, with both annual and quarterly EPS estimates taking a huge hit following the release.  

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Okta Benefits From Growing Demand

Okta delivered a much better quarterly report, with revenue increasing 10.6% YoY to $805 million, while adjusted EPS of $1.05 also showed solid growth versus the year-ago period.

Improvements in underlying demand trends were a major highlight, with current remaining performance obligations rising 14% to $2.6 billion and the number of customers generating more than $1 million in annual contract value increasing by more than 20%.

The stock sports a favorable Zacks Rank #2 (Buy), with EPS revisions for both its current and next fiscal years trending higher dating all the way back to the end of last August. The estimates suggest 10% earnings growth in its current FY27 and 12% in its FY28, underpinning a solid growth outlook overall.

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CrowdStrike Breaks Records

Like OKTA, CrowdStrike also delivered a solid report recently, with revenue climbing 25.8% year over year to roughly $1.5 billion, while adjusted EPS of $0.31 topped expectations by roughly 7% and grew by 34% from the same period last year.

CRWD reported record net new annual recurring revenue of $333 million, up 51%, while free cash flow also reached a second-quarter record of $377 million. And to top off the record-breaking release, it raised its fiscal 2027 outlook, including expected net new ARR growth of roughly 34% at the midpoint.

EPS expectations for its current and next fiscal year have remained on an upward trajectory over the last year, with the estimates suggesting 33% and 26% YoY earnings growth in FY27 and FY28, respectively.

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Bottom Line

All three stocks above - DICK’S Sporting Goods DKS, Okta OKTA, and CrowdStrike CRWD – have been gaining attention lately, though the sentiment is heavily skewed to negativity for DKS following its weak earnings release. On the other hand, both CRWD and OKTA recently delivered strong results, with each upping guidance in one way or another and similarly seeing strong annual EPS revisions over the last year.

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This article originally published on Zacks Investment Research (zacks.com).

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