2 Stocks to Watch in May
Okta's (NASDAQ: OKTA) and Datadog's (NASDAQ: DDOG) offerings should profit from the sudden increase in demand for cloud solutions as many employees are required to work from home to try to limit the spread of COVID-19.
Both cloud specialists will release their next-quarter earnings this month, and their respective management will most likely discuss the effects of the coronavirus on their outlook. Thus, investors will soon have the opportunity to verify whether these companies' forecasts still justify their lofty valuations.
With the development of cloud computing, many employees access a growing number of applications hosted in several clouds to perform their tasks. That means these users need a different login and password for each application, which can become a burden... until Okta intervenes.
Source Fool.com
