Okta, Inc. (OKTA)
Market Cap | 14.78B |
Revenue (ttm) | 2.26B |
Net Income (ttm) | -355.00M |
Shares Out | 160.11M |
EPS (ttm) | -2.17 |
PE Ratio | n/a |
Forward PE | 42.13 |
Dividend | n/a |
Ex-Dividend Date | n/a |
Volume | 793,338 |
Open | 93.56 |
Previous Close | 92.93 |
Day's Range | 92.09 - 94.30 |
52-Week Range | 65.04 - 114.50 |
Beta | 0.96 |
Analysts | Buy |
Price Target | 100.03 (+8.39%) |
Earnings Date | May 29, 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, Inc.'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 34 analysts, the average rating for OKTA stock is "Buy." The 12-month stock price forecast is $100.03, which is an increase of 8.39% from the latest price.
News
It's time to buy the next leg of the AI story. Think global, says Citi, offering these stock picks.
That was Federal Reserve Gov. Chris Waller pounding the table over the need for patience on interest rate cuts in a much-anticipated speech on Wednesday night.
Okta Ventures Unveils "The Identity 25" to Honor Pioneers Shaping the Future of Digital Identity
SAN FRANCISCO--(BUSINESS WIRE)--Okta Ventures, the venture investment arm of Okta, Inc. (NASDAQ:OKTA), the leading independent identity partner, proudly introduces "The Identity 25," an initiative tha...
Okta CEO talks AI and the rise ransomware attacks
Hackers are stepping their game up — especially in the age of AI — as more and more companies report being targets of cyberattacks or ransomware hacks. Cybersecurity and multi-factor authentication sy...
Okta Announces Availability of Fine Grained Authorization for Enhanced Security and Efficiency
SAN FRANCISCO--(BUSINESS WIRE)--Okta, Inc. (NASDAQ:OKTA), the leading independent identity partner, today announced general availability of Fine Grained Authorization (FGA) to address authorization co...
Okta CEO Todd McKinnon breaks down earnings beat as stock surges 20%
Okta CEO Todd McKinnon joins CNBC's "Money Movers" in an exclusive interview to discuss earnings and demand in the software industry.
Okta stock wins a double upgrade following Q4 earnings
It's not too late to invest in Okta Inc (NASDAQ: OKTA) even though it has rallied some 60% over the past four months, says a Bank of America analyst.
Okta Earnings Have Wall Street Impressed. Analysts Say the Stock Can Keep Flying.
CEO Todd McKinnon said that demand remains robust.
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...
Okta Stock Surges On Strong Earnings, Raised Outlook—Key Price Levels to Watch
Okta (OKTA) shares surged 23% in extended-hours trading on Wednesday evening after the cloud identity software maker topped quarterly estimates and raised its annual sales outlook on growing momentum ...
Okta's profit push is paying off as earnings send the stock soaring
Okta Inc. issued an upbeat outlook Wednesday afternoon while saying that its emphasis on profitability is paying off. Its stock was rose more than 23% in the extended session.
CRM, SNOW, OKTA: Earnings Just Released
Salesforce (CRM), Snowflake (SNOW), and Okta (OKTA) earnings were just released. Nicole Petallides and Kevin Green discuss these earnings as Salesforce issued 1Q guidance ahead of estimates, Sridhar R...
Okta Strengthens Go to Market Leadership with Executive Appointments
SAN FRANCISCO--(BUSINESS WIRE)--Okta, Inc. (NASDAQ:OKTA), the leading independent identity partner, today announced three new executive appointments on its go to market team as customers embrace the i...
Okta Announces Fourth Quarter And Fiscal Year 2024 Financial Results
SAN FRANCISCO--(BUSINESS WIRE)--Okta, Inc. (Nasdaq: OKTA), the leading independent identity partner, today announced financial results for its fourth quarter and fiscal year ended January 31, 2024. “W...
Bearish On OKTA, AMZN & Bullish On AI
Okta (OKTA), C3.ai (AI), and Amazon (AMZN) are today's big three stocks. Joel Hawthorne and Ben Lichtenstein discuss how to trade and the technical trends of these stocks.
Okta layoffs impact employees in the Pacific Northwest; identity giant acquired Auth0 in 2021
Identity and access management giant Okta announced this week that it is laying off about 7% of its workforce, or 400 employees.
Identity and access management company Okta to slash 400 jobs
Okta on Thursday announced plans to cut its headcount by approximately 400 workers. That equates to about 7% of its workforce, according to the identity company.
Okta, Zoom Cut Hundreds Of Jobs—Here Are 2024's Tech Layoffs
Identity security company Okta told its staff on Thursday it will cut as many as 400 employees, while Zoom reportedly plans to slash 150 positions—the latest in a string of job cuts this year that hav...
Okta, Block, PayPal Cut Hundreds Of Jobs—Here Are 2024's Tech Layoffs
Identity security company Okta told its staff on Thursday it will cut as many as 400 employees, the latest in a string of job cuts this year that have rocked the tech industry, including at Microsoft,...
Okta to lay off 7.0% of its employees
Okta Inc is in focus this morning after announcing plans of lowering its headcount by about 7.0%. The cybersecurity company will lay off some 400 of its employees in total as “costs are still too high...
Okta to Cut 400 Jobs in Latest Round of Layoffs
Okta is laying off 400 employees, or about 7% of its workforce, its latest round of cuts as the identification-software company seeks to cut costs.
Okta to cut 400 jobs as part of restructuring aimed at improving profitabilty
Shares of Okta Inc. OKTA, -3.20% rallied 3.2% in premarket trading Thursday, after the identity software company said it would lay off about 7% of its workforce, as part of a restructuring aimed at im...
Okta to lay off 7% of staff, about 400 employees
Identity management company Okta said on Thursday in a message to employees that it would lay off 400 employees, about 7% of the company's headcount.
Okta to Announce Fourth Quarter and Fiscal Year 2024 Financial Results on February 28, 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 fourth quarter and fiscal year 2...
IMPORTANT INVESTOR ALERT: The Schall Law Firm Announces it is Investigating Claims Against Okta, Inc. and Encourages Investors with Losses to Contact the Firm
LOS ANGELES, CA / ACCESSWIRE / January 9, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Okta, Inc. ("Ok...