We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
DKS, OKTA & CRWD: 3 Trending Stocks Making Big Moves
DICK'S Sporting Goods,Okta and CrowdStrike 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.
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.
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.
Bottom Line
All three stocks above 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.
Why Haven't You Looked at Zacks' Top Stocks?
Since 2000, our top stock-picking strategies have blown away the S&P's +7.7% average gain per year. Amazingly, they soared with average gains of +48.4%, +50.2% and +56.7% per year.
Today you can access their live picks without cost or obligation.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performancefor information about the performance numbers displayed in this press release.
View the Zacks #1 Rank List
Image: Bigstock
Zacks Investment Ideas feature highlights: DICK'S Sporting Goods, Okta and CrowdStrike
For Immediate Release
Chicago, IL – September 1, 2026 – Today, Zacks Investment Ideas feature highlights DICK'S Sporting Goods (DKS - Free Report) , Okta (OKTA - Free Report) and CrowdStrike (CRWD - Free Report) .
DKS, OKTA & CRWD: 3 Trending Stocks Making Big Moves
DICK'S Sporting Goods,Okta and CrowdStrike 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.
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.
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.
Bottom Line
All three stocks above 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.
Why Haven't You Looked at Zacks' Top Stocks?
Since 2000, our top stock-picking strategies have blown away the S&P's +7.7% average gain per year. Amazingly, they soared with average gains of +48.4%, +50.2% and +56.7% per year.
Today you can access their live picks without cost or obligation.
See Stocks Free >>
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
https://www.zacks.com
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performancefor information about the performance numbers displayed in this press release.