Okta, Inc. (OKTA)
| Market Cap | 16.39B |
| Revenue (ttm) | 2.53B |
| Net Income (ttm) | -39.00M |
| Shares Out | 171.35M |
| EPS (ttm) | -0.34 |
| PE Ratio | n/a |
| Forward PE | 33.29 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 83,510 |
| Open | 96.95 |
| Previous Close | 95.19 |
| Day's Range | 95.23 - 95.90 |
| 52-Week Range | 70.56 - 114.50 |
| Beta | 1.03 |
| Analysts | Buy |
| Price Target | 106.26 (+11.07%) |
| Earnings Date | Mar 3, 2025 |
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 35 analysts, the average rating for OKTA stock is "Buy." The 12-month stock price forecast is $106.26, which is an increase of 11.07% from the latest price.
News
Okta Appoints Eric Kelleher as President and Chief Operating Officer
SAN FRANCISCO--(BUSINESS WIRE)--Okta, Inc. (NASDAQ:OKTA), the leading independent identity partner, today announced the appointment of Eric Kelleher as President and Chief Operating Officer (COO). In ...
Okta lays off 180 employees – nearly one year after last workforce reduction
U.S. access and identity management giant Okta laid off 180 employees on Tuesday, the company confirmed to TechCrunch – just over one year after it let go of 400 workers.
Okta to Announce Fourth Quarter and Fiscal Year 2025 Financial Results on March 3, 2025
SAN FRANCISCO--(BUSINESS WIRE)--Okta, Inc. (NASDAQ: OKTA), the leading independent Identity partner, today announced that it will release its financial results for its fourth quarter and fiscal year 2...
Okta: Slowly Turning To Profitable Company Signals Buy
Okta's recovery from its 2021-2022 decline is driven by significant R&D investments, strategic acquisitions, and enhanced enterprise market focus, leading to improved product offerings and customer lo...
The Market Is Sleeping On Okta - Time To Buy Before It Wakes Up
Okta's strong free cash flow, high gross margins, and stable subscription base outweigh short-term issues, making it undervalued at around $94 per share. Despite competition and integration challenges...
Okta: Cybersecurity Leader In IAM Submarket
Okta's market share in cybersecurity increased from 0.3% to 1.2% (2017-2024) due to its strong R&D investment and focus on IAM. Okta's competitive pricing and extensive feature set, second only to Mic...
CalAmp Launches Okta Single Sign-On Integration to Strengthen Security and Streamline User Access Across Applications
CARLSBAD, Calif., Jan. 30, 2025 (GLOBE NEWSWIRE) -- CalAmp, a leading provider of telematics and connected intelligence solutions, is pleased to announce the integration of Okta Single Sign-On (SSO) a...
Security Tinkerers Hosts “Pitch for Charity” Event cosponsored by Okta and SentinelOne at Okta Headquarters in San Francisco
SAN FRANCISCO--(BUSINESS WIRE)--The Security Tinkerers group, in collaboration with Okta and SentinelOne, is thrilled to announce “Pitch for Charity,” a dynamic event bringing together Chief Security ...
7 software stocks that could benefit as AI gets cheaper to run
Microsoft and Salesforce could see greater adoption of their AI offerings if they pass cost savings on to customers. And Snowflake could benefit from a rise in database queries as AI proliferates.
Okta Announces Multi-Year Partnership with the McLaren Racing Formula 1 Team
SAN FRANCISCO--(BUSINESS WIRE)--Okta, Inc. (NASDAQ:OKTA), the leading independent Identity partner, today announced a multi-year partnership with the McLaren Formula 1 Team, one of the most iconic bra...
Cybersecurity's Outlook & TikTok's "Double-Edged Sword"
With Donald Trump officially in office, Dr. Chris Pierson expects to see less oversight on cybersecurity in the private sector and instead place a greater emphasis in Federal agencies. Mike Marcotte a...
Okta: Mind The GAAP
Many tech stocks have reached lofty valuations, but Okta has been left out. Investors may be disappointed with management's preliminary guidance for the upcoming year. Investors may be underestimating...
ValuEngine's Top 10 Stocks For 2025
Since the methodology we applied at the end of 2023 produced such a resilient portfolio, we repeated the process using ValuEngine's data from the December 31, 2024 close to choose 10 stocks for the ne...
Final Trade: CERT, XLE, DAL, OKTA
The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.
Okta's Breakout Imminent - Wait Out The Near-Term Customer Retention Issues
OKTA has continued to report robust performance metrics across growing multi-year RPO and adj subscription gross margin, with it implying the growing customer demand and its excellent pricing power. I...
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.