i would like okta, you know, obviously for pull back.the athlete particularered tetickered company. basically, it makes software for software developers. think of this as a meta cloud prince it might be the purest way it play the cloud because many of these companies developed cloud-based software using atlassian's tools. they are already a $21 billion company. they don't have the track record yet. they announced a big partnership with slack boys. the usually popular business platform it gave us a gigantic run since we had the ceo on the show last december i think it has more upside he wasn't exactly dressed like i am trust me bottom line. these cloud princes are more speculative, all right, than the kings. they are faster growing, but they are also a lot more expensive. on coverage 12 1/2 next year's sales estimates versus less than nine times sales for the king. if you are willing to take the risk, you might be willing to own tableau, hub spot, new relic, okta, or atlassian. i like all these studios stocks ev -- stocks even more mark i

he's the co-founder and ceo of ok okta good morning to you.t this before, in terms of explaining briefly what okta does in allowing workers, employees, to access different services >> yeah. so, okta, our platform is called the identity cloud and what that means, it's a cloud service that connects all of the technology you that can use at work or a customer uses on your website and makes it easy for them to login and makes it secure and gives company visibility >> let's show what's happening with the stock it's been a remarkable performance and continues to grow it's been a rocky ride, though, in terms of true movement. we're just looking at -- >> just -- >> just the week >> a great performer >> that's a much better chart. much better chart. >> you know, they reported earnings, since they've been publicest quarter. they've met or exceeded expectations so, you should talk about what drives that success. >> yeah, so, we were very fortunate that we were really in the right place at the right time in terms of what's going on in the world every comp

okta is an internet application software company coming out with numbers that have beat estimates. shares are higher. five below is sharing higher in the wake of earnings. on the larger side, we have broadcom numbers out as well and that companies adjusted earnings are beating estimates. the shares are up better than 3%. continuing on, some of the other movies we're watching, a fiber-optic company is up 6% and zooming is illustrating higher zoomies -- zumies was trading higher. be particularly interesting given the bloodbath in semiconductors today to see what followthrough there is tomorrow. joe: "what'd you miss?" a report that goldman sachs may be delaying plans to start a crypto trading desk which might be a possible catalyst for the brutal crypto selloff. it shows how much crypto investors want institutional money to pile into the space. for more on this, let's bring in frederick, the cofounder of lgo exchange, a crypto trading platform. frederick, thank you so much for joining us. what is it that your -- you are building? there are a lot of solutions whether it is the trading