Okta, Inc. (OKTA)
Market Cap | 12.52B |
Revenue (ttm) | 2.45B |
Net Income (ttm) | -136.00M |
Shares Out | 169.86M |
EPS (ttm) | -0.82 |
PE Ratio | n/a |
Forward PE | 27.86 |
Dividend | n/a |
Ex-Dividend Date | n/a |
Volume | 1,992,013 |
Open | 74.58 |
Previous Close | 74.51 |
Day's Range | 72.89 - 74.86 |
52-Week Range | 66.69 - 114.50 |
Beta | 1.01 |
Analysts | Buy |
Price Target | 98.94 (+34.27%) |
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 35 analysts, the average rating for OKTA stock is "Buy." The 12-month stock price forecast is $98.94, which is an increase of 34.27% from the latest price.
News
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.
Okta Helps Builders Easily Implement Auth For GenAI Apps & Secure How Consumers Interact with GenAI Agents
LAS VEGAS--(BUSINESS WIRE)--Okta today announced a new Customer Identity Cloud product to help developers and organizations secure identity in GenAI applications, through secure identity standards and...
Okta, OpenID Foundation & Tech Firms Tackle Today's Biggest Cybersecurity Challenge: Identity Security in SaaS Apps
LAS VEGAS--(BUSINESS WIRE)--Okta and the OpenID Foundation today announced the formation of an OpenID Foundation working group with Ping Identity, Microsoft, SGNL, and Beyond Identity as the first ste...
Okta is Reducing the Risk of Unmanaged Identities, Social Engineering, and MFA Overload for Enterprise Employees
LAS VEGAS--(BUSINESS WIRE)--Okta today announced new Workforce Identity Cloud capabilities to address top security challenges such as unmanaged SaaS service accounts, governance risks, and identity ve...
Nametag Unveils Deepfake Defense™ to Combat AI-Powered Impersonation Threats, Expands Integration Partnership with Okta
LAS VEGAS, Oct. 15, 2024 (GLOBE NEWSWIRE) -- More than 50% of executives expect deepfake attacks to increase over the next 12 months, but only 7% report using new technologies to detect deepfakes*. Me...
Okta to Host Investor Summit Webcast in Conjunction with Oktane
SAN FRANCISCO--(BUSINESS WIRE)--Okta, Inc. (NASDAQ: OKTA), the leading independent Identity partner, today announced that it will webcast the Opening Keynote of Oktane and Investor Summit on October 1...
Okta: The Underappreciated Powerhouse In A Critical, Expanding Industry
OKTA, a leader in identity security, is undervalued at $72, offering strong growth potential and a favorable risk-to-reward ratio for long-term investors. The company boasts consistent top and bottom ...
Okta Announces Finalists for SaaS Startup Competition to Build Identity Security Applications
SAN FRANCISCO--(BUSINESS WIRE)--Okta, a leading identity and access management company, today announced the three finalists for its inaugural Okta SaaS Startup Competition.
Okta: Near-Term Headwinds Likely - Still A Compelling Buy Opportunity
OKTA has been oversold at current levels, as observed in the overly cheap valuations compared to its historical levels and its peers. With the company still reporting robust performance metrics and GA...
Okta Won't Remain Cheap For Too Long
Okta's stock is down 22% despite beating Q2 FY25 revenue and non-GAAP operating income estimates, due to declining cRPO and NRR amidst macroeconomic headwinds. The company continues to show strong upm...
Okta: Bargain Stock With A Path To Recovery (Rating Upgrade)
Shares of Okta have slid ~15% this year, vastly underperforming the S&P 500 and other tech names. I'm upgrading Okta to a strong buy as the company showcases consistent performance amid a macro slowdo...
Auth0 Takes “Free for Developers” to a New Level with More Users, More Security, Free MFA & Passwordless
SAN FRANCISCO--(BUSINESS WIRE)--Okta, Inc. (NASDAQ:OKTA), the leading independent Identity partner, today announced that it's expanding the capabilities of Auth0 and the Okta Customer Identity Cloud t...
Proof Of Life - Maintaining Okta With A Buy
Okta beat consensus with 2Q25 earnings, but the stock dipped ~18 in response to conservative 3Q25 cRPO guidance. I am maintaining a buy as management shifts focus to enterprise customers and new produ...
Should Investors Buy the Okta Dip?
The net retention rate has trended downward from a peak of 124% in the fourth quarter of 2022 to 110% in the second quarter of fiscal 2025, indicating some slowdown in revenue retention.
Okta, Inc. (OKTA) CEO Todd McKinnon presents at Goldman Sachs Communacopia + Technology Conference (Transcript)
Okta, Inc. (NASDAQ:OKTA) Goldman Sachs Communacopia + Technology Conference September 10, 2024 6:45 PM ET Company Participants Todd McKinnon - Chairperson of the Board, Chief Executive Officer, Co Fo...
Okta, Inc. (OKTA) Citi's 2024 Global TMT Conference (Transcript)
Okta, Inc. (NASDAQ:OKTA) Citi's 2024 Global TMT Conference September 5, 2024 2:10 PM ET Company Participants Brett Tighe - CFO Conference Call Participants Fatima Boolani - Citi Fatima Boolani Fatima...
Okta Stock: Weakness Is Opportunity
The market punished Okta after the company reported Q2 earnings, despite decent growth and a shift to GAAP profitability. The deceleration in Okta's revenue growth, now at 16% YoY from over 60% in mid...
Okta to Present at Upcoming Investor Conferences
SAN FRANCISCO--(BUSINESS WIRE)--Okta, Inc. (Nasdaq: OKTA), the leading independent Identity partner, today announced that members of its management team are scheduled to participate in upcoming invest...