Okta's stock rises 15% in overnight trading. Unlike Salesforce and ServiceNow, Okta beats with its outlook, and its CEO says that forecast is still 'prudent.'

Not all software companies are giving upbeat guidance these days, but Okta Inc. just impressed with its view of what's to come.

The company, which helps ensure people can access workplace applications with the proper permissions, forecast $2.85 billion to $2.86 billion in revenue for the new fiscal year, above the FactSet consensus, which was for $2.79 billion. Okta (OKTA) also models $678 million to $680 million in fiscal first-quarter revenue, whereas analysts were projecting $670 million.

In part, "it's a result of the very strong results in Q4 because a lot of the bookings in Q4 turn into revenue next year," Chief Executive said. But he also said he thinks the guidance is "prudent," as it's still early in the fiscal year. "We think it's very achievable."

Taiwan Semiconductor Manufacturing Co. stock jumped 1.8% in overnight trading. TSMC intends to invest $100 billion in chip manufacturing plants in the U.S. over the next four years under a plan expected to be announced later Monday by President Trump, according to people familiar with the matter.

The investment would be used to build out cutting-edge chip-making facilities. Such an expansion would advance a long-pursued U.S. goal to regrow the domestic semiconductor industry after manufacturing fled largely to Asian countries in recent decades. 

Walgreens Boots Alliance is closing in on a deal with private-equity firm Sycamore Partners that would take the struggling drugstore chain off the public market for around $10 billion, according to people familiar with the matter. Shares rose 4% in overnight trading.

The sides are aiming to complete a deal as soon as Thursday, assuming a last-minute snag doesn’t delay the talks or end them entirely, the people said. 

They have been discussing Sycamore paying between $11.30 a share and $11.40 a share in cash, the people said. The deal could also include contingent value rights that would increase the value if certain targets are later reached, they added.