Okta, Inc. (OKTA)
Market Cap | 14.27B |
Revenue (ttm) | 2.53B |
Net Income (ttm) | -39.00M |
Shares Out | 171.35M |
EPS (ttm) | -0.34 |
PE Ratio | n/a |
Forward PE | 28.96 |
Dividend | n/a |
Ex-Dividend Date | n/a |
Volume | 4,047,993 |
Open | 80.98 |
Previous Close | 81.69 |
Day's Range | 80.16 - 83.55 |
52-Week Range | 70.56 - 114.50 |
Beta | 1.01 |
Analysts | Buy |
Price Target | 104.46 (+25.43%) |
Earnings Date | Dec 3, 2024 |
About OKTA
Okta, Inc. operates as an identity partner in the United States and internationally. The company offers Okta’s suite of products and services used to manage and secure identities, such as Single Sign-On that enables users to access applications in the cloud or on-premises from various devices; Adaptive Multi-Factor Authentication provides a layer of security for cloud, mobile, web applications, and data; API Access Management enables organizations to secure APIs; Access Gateway enables organizations to extend Workforce Identity Cloud; and Okta ... [Read more]
Financial Performance
In 2023, Okta's revenue was $2.26 billion, an increase of 21.80% compared to the previous year's $1.86 billion. Losses were -$355.00 million, -56.44% less than in 2022.
Financial StatementsAnalyst Forecast
According to 36 analysts, the average rating for OKTA stock is "Buy." The 12-month stock price forecast is $104.46, which is an increase of 25.43% from the latest price.
News
Okta and Fortinet Stocks Catch Upgrades. Why This AI Name Was Downgraded.
Cybersecurity stocks could be a safe bet for investors in 2025 but one AI player in particular may be fraught with danger, according to KeyBanc.
Okta: You Should Be Thankful It's Still So Cheap
Okta stock has underperformed the market recently as it struggled to replicate its early 2024 momentum. Okta has revised its go-to-market strategies to target enterprise and government customers. Whil...
Okta: Growth Outlook Has Gotten Better
I maintain a buy rating for Okta stock due to strong operational metrics, improved growth outlook, and successful partner-led strategy. 3Q25 earnings exceeded expectations with 14% y/y revenue growth ...
With 60% Upside Potential, Okta Is A Key 2025 Cybersecurity Pick
Okta's Q3 FY25 earnings beat revenue and earnings projections, with a 14% YoY revenue growth and 600 basis point margin expansion, along with significant cRPO outperformance, boosting investor confide...
Okta: On The Path To A Rebound, Keep Holding On For Upside
I'm giving Okta stock a slight downgrade to a buy rating (from strong buy) after the company's recent rebound rally. The company notched a strong Q3 earnings beat with 14% y/y revenue growth, but net ...
Okta Named a Leader in 2024 Gartner® Magic Quadrant™ for Access Management for Eighth Consecutive Year
SAN FRANCISCO--(BUSINESS WIRE)--Okta, Inc. (NASDAQ:OKTA), the leading independent Identity partner, today announced that it has been recognized as a Leader in the 2024 Gartner Magic Quadrant for Acces...
Okta Posts Q3 Beat, Guidance Miss: Analyst Says 'Sustainable Growth Remains Hazy'
Okta Inc OKTA shares were climbing on Wednesday after the company reported upbeat third-quarter results.
MRVL Surges to All-Time High, OKTA Beats, FL Steps Down to Year-Low
Marvell (MRVL) proves itself as a name to watch in the A.I. trade after posting an earnings beat and strong 4Q guidance.
Okta Stock Rises on Strong Results, Outlook as Subscriptions Jump
Shares of Okta (OKTA) rose Wednesday, a day after the business security software provider posted better-than-expected results and current-quarter guidance as subscription revenue rose.
MSFT, CRWD, PANW & OKTA: Cybersecurity Stocks to Watch
The cybersecurity industry has grown notably over recent years, and Joseph Gallo explains what's driving the uptrend by examining rising cyber stars to established Mag 7 names. He points to Microsoft ...
Okta Earnings: Conservative Guidance Leaves Room For Upside
Okta's fiscal 2026 guidance suggests a shift from high growth, but at 19x forward free cash flow, it remains a compelling buy. Despite past conservative guidance, Okta's fiscal 2026 revenue growth is ...
Okta, Inc. (OKTA) Q3 2025 Earnings Call Transcript
Okta, Inc. (NASDAQ:OKTA) Q3 2025 Earnings Conference Call December 3, 2024 5:00 PM ET Company Participants Dave Gennarelli - SVP, IR Todd McKinnon - CEO & Co-Founder Brett Tighe - CFO Conference Call...
As Okta's stock soars on earnings, this stat shows its strategy is paying off
In the latest quarter, 15% of Okta's bookings came from new products, as the company looks to dominate identity management.
Okta shares pop 18% on earnings beat, strong guidance
Okta shares popped on in extended trading on Tuesday after the company reported third-quarter results and that beat Wall Street's estimates. Revenue increased 14% from $569 million a year ago.
Okta Announces Third Quarter Fiscal Year 2025 Financial Results
SAN FRANCISCO--(BUSINESS WIRE)--Okta, Inc. (Nasdaq: OKTA), the leading independent Identity partner, today announced financial results for its third quarter ended October 31, 2024. “Our solid Q3 resul...
Generative AI Backed Cybersecurity Stocks Cloudflare, Okta Have Near-Term Upside: Analyst
Morgan Stanley analyst Keith Weiss noted that cybersecurity remains a top spending priority for organizations globally.
Okta Announces Kickoff of Identity 25 Nominations
SAN FRANCISCO--(BUSINESS WIRE)--Following the remarkable success of last year's Identity 25 report, Okta is excited to announce the launch of the 2025 Identity 25 nominations, expanding the opportunit...
What Okta's failures say about the future of identity security in 2025
2025 needs to be the year identity providers go all in on improving every aspect of software quality and security, including red teaming.
Okta's Path To Recovery: New Launches, Partnerships Could Improve Investor Confidence
Okta's new products focus on high-margin customers, creating upsell opportunities for existing ones, and distinguishing its technology from its peers. Partnerships with GSIs, ISVs, and MSPs are drivin...
Okta: The Underdog's Advantage
Okta's stock is approximately 31% undervalued, with strong revenue growth, positive cash flows, and a consistent share count. Okta excels in secure user authentication and identity management, competi...
Okta: Market Ignores Inflection On GAAP Profitability (Ratings Upgrade)
You may have missed it, but Okta achieved GAAP profitability for the first time in the latest quarter. Wall Street appears spooked about the potential financial impact from the cybersecurity breaches....
Okta to Announce Third Quarter Fiscal Year 2025 Financial Results on December 3, 2024
SAN FRANCISCO--(BUSINESS WIRE)--Okta, Inc. (NASDAQ: OKTA), the leading independent Identity partner, today announced that it will release its financial results for its third quarter fiscal year 2025 e...
NetHope and Okta: Securing Digital Protection and Cybersecurity for Nonprofits Worldwide
WASHINGTON--(BUSINESS WIRE)--NetHope, a catalyst for collective impact that advances humanitarian, conservation, and international development efforts worldwide, has partnered with Okta, in a groundbr...
Okta AI tools will help integrate cybersecurity systems: CEO
Workplace cybersecurity company Okta (OKTA) unveiled new AI products to better protect customer data at its annual Oktane Identity Conference in Las Vegas. Market Domination hosts Julie Hyman and Josh...
Okta CEO Todd McKinnon on new AI-focused products and growth in tech security
Todd McKinnon, Okta CEO, joins CNBC's 'Money Movers' to discuss the company's new AI-focused tools, his growth strategy in an increasingly competitive landscape, and more.