NASDAQ might have been down, however I was reading an article at...

NASDAQ might have been down, however I was reading an article at the end of last week that was speaking about how US Software as Service company Okta result release on Friday could act as a barometer as to the direction other Saas companies.

The stocks gain of 7.1% card on the back of better than expected financial results for its first quarter of fiscal 2020. revenue, in particular crushed analyst expectations.

That last line is extremely powerful IMO, highlighting how the valuation of these companies is quite often under assumed. I sense this to be quite similar to LiveTiles and the general response from result releases in the past and future.