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Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

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Okta

Okta, Inc. engages in the provision of an identity management platform for enterprises. It operates through the United States and International geographical segments. The firm's products include single sign-on, multi-factor authentication, API access management, authentication, user management, and lifecycle management. The company was founded by Todd McKinnon and J. Frederic Kerrest in 2009 and is headquartered in San Francisco, CA.

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Okta reports strong Q1 performance amidst macro challenges and AI focus

Okta's Q1 performance demonstrated resilience amid macro challenges, driven by customer additions and product innovations. However, the company faces headwinds from macroeconomic impacts, leading to cautious outlook and strategic focus on AI integration and cross-selling opportunities.

Okta reports strong Q2 performance, eyes growth in Access Management

Okta's Q2 performance reflects strong customer growth and financial outlook, supported by successful product offerings. While facing challenges related to the macro environment and leadership roles, the company is well-positioned to capitalize on opportunities in Access Management and federal markets.

OKTA reports robust Q3 results, addresses security incident impact

OKTA's Q3 performance showcased strong financial metrics and raised outlooks for future revenue. The company faces challenges related to the recent security incident and macro headwinds but remains optimistic about long-term opportunities, particularly in international markets and product development.

Okta reports robust Q4 earnings, eyes growth in identity solutions

Okta's strong Q4 performance and strategic priorities for FY24 position the company for continued growth. While challenges like conservative growth guidance and new customer acquisition exist, opportunities in expanding product offerings and upselling present avenues for revenue growth. Okta's focus on simplicity, customer-centricity, and strategic alignment bode well for future success.

Okta reports robust Q1 earnings, eyes AI and cross-selling

Okta's Q1 2024 earnings call highlighted strong financial performance, product advancements, and strategic partnerships amidst macroeconomic challenges.
The company faces headwinds in net retention rates but sees potential in AI, legacy IAM replacement, and cross-selling opportunities for future growth.
Analysts raised questions on pricing strategy and management changes, indicating areas for Okta to address in navigating market uncertainties.
Overall, Okta's focus on innovation, customer expansion, and strategic positioning in the identity solutions space bodes well for its future growth trajectory.

Okta reports robust Q2 results amidst macro challenges and growth opportunities

Okta's Q2 performance reflects strong revenue growth, operational efficiency, and strategic product innovations.
While facing challenges in a volatile macro environment, the company is well-positioned to capitalize on opportunities in identity solutions.
With raised outlooks for the future, Okta's focus on customer wins, product expansions, and market positioning bodes well for sustained growth.
The ongoing search for a go-to-market President and the need to navigate macroeconomic uncertainties are key areas for Okta's continued success.

Okta reports robust Q3 results amidst security focus challenges

Okta reports strong financial performance in Q3 with positive revenue growth and improved free cash flow margin outlook for FY '24 and '25.
Despite challenges from delayed product launches and security incident impact, the company remains committed to enhancing security and customer trust.
Opportunities lie in new product introductions, international market expansion, and positive customer response to security measures and integrated workflows.

Okta reports record profitability in Q4, bullish on growth

Okta's Q4 performance showcased record profitability and strong financial metrics, with a positive outlook for Q1 and FY '25.
The company's strategic strengths lie in security focus, customer expansion, and successful product initiatives like Privileged Access Management.
Challenges include macroeconomic impacts and operational hurdles, while opportunities exist in specialized customer approaches and market expansion.

Okta reports robust Q1 performance amidst challenges and growth opportunities

Okta's Q1 2025 performance reflects strong financials, stable retention rates, and a focus on growth acceleration through new customer acquisition.
The company faces challenges from macro uncertainties, seat count fluctuations, and growth bottlenecks but is well-positioned for long-term success.
Opportunities in product innovation, strategic partnerships, and cross-selling initiatives position Okta for continued growth and market leadership in identity security solutions.

Okta reports robust Q2 earnings, eyes growth amid macro challenges

Okta's Q2 earnings call showcases strong financial performance, strategic focus on security, and growth initiatives. Despite macro challenges, the company remains profitable and expects revenue growth and margin improvement for the future.

Okta reports robust Q3 results, eyes global expansion amid challenges

Okta's Q3 performance reflects resilience and growth potential, supported by strong financials and customer retention strategies.
The company's focus on innovation, market expansion, and customer-centric approaches positions it well for future success.
Challenges in market dynamics and macroeconomic conditions require strategic adjustments, but Okta's proactive stance and diversified strengths offer opportunities for sustained growth.

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Progressive

BRFS, PGR and ZIM made it to the Zacks Rank #1 (Strong Buy) growth stocks list on October 28, 2024.

Best Growth Stocks to Buy for October 28th

Okta (OKTA) reachead $72.15 at the closing of the latest trading day, reflecting a -0.01% change compared to its last close.

Okta (OKTA) Stock Falls Amid Market Uptick: What Investors Need to Know

Chewy

Gap Inc

OKTA, GAP, and CHWY made it to the Zacks Rank #1 (Strong Buy) growth stocks list on October 24, 2024.

Best Growth Stocks to Buy for October 24th

WASHINGTON--(BUSINESS WIRE)--NetHope, a catalyst for collective impact that advances humanitarian, conservation, and international development efforts worldwide, has partnered with Okta, in a groundbreaking initiative aimed at enhancing cybersecurity resilience across the nonprofit sector. This strategic partnership, underpinned by a $2.5 million commitment from Okta for Good, Okta's philanthropic arm, over five years will unlock more resources to strengthen the security posture of nonprofits.

NetHope and Okta: Securing Digital Protection and Cybersecurity for Nonprofits Worldwide

JD.com

ZIM Integrated Shipping Services

JD, OKTA and ZIM made it to the Zacks Rank #1 (Strong Buy) growth stocks list on October 22, 2024.

Best Growth Stocks to Buy for October 22nd

Super Micro Computer

Strayer Education

Pick five stocks with increasing P/E ratios to try out an out-of-the-box approach. These stocks include Strategic Education (STRA), KBR (KBR), Super Micro Computer (SMCI), Okta (OKTA) and APi Group (APG).

Bet on These 5 Top-Ranked Stocks With Rising P/E

OKTA, JD and ZIM made it to the Zacks Rank #1 (Strong Buy) growth stocks list on October 18, 2024.

Best Growth Stocks to Buy for October 18th

The latest trading day saw Okta (OKTA) settling at $74.45, representing a -1.68% change from its previous close.

Here's Why Okta (OKTA) Fell More Than Broader Market

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 step towards establishing a new identity security standard, the Interoperability Profile for Secure Identity in the Enterprise [IPSIE]. The vision of this new, open standard is to provide a framework for SaaS companies to enhance the end-to-end security of their products across every touchpoint of the.

Okta, OpenID Foundation & Tech Firms Tackle Today's Biggest Cybersecurity Challenge: Identity Security in SaaS Apps

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 verification. As part of a unified approach, these innovations help protect business before, during and after authentication, providing greater control, visibility, and streamlined user experience. Why it Matters: Identity in the enterprise is under attack, with 80% of breaches involving some kind of.

Okta is Reducing the Risk of Unmanaged Identities, Social Engineering, and MFA Overload for Enterprise Employees

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 a seamless developer experience. With these new features, Okta customers will be able to easily implement support for typical patterns in GenAI applications. Why It Matters: Generative AI is being rapidly incorporated into applications and products with AI spending expected to increase from $20 bi.

Okta Helps Builders Easily Implement Auth For GenAI Apps & Secure How Consumers Interact with GenAI Agents

OKTA, JD and ZIM made it to the Zacks Rank #1 (Strong Buy) growth stocks list on October 16, 2024.

Best Growth Stocks to Buy for October 16th

Globant

The Internet-Software & Services industry is struggling because of persistent economic weakness. Stocks like OKTA and GLOB are a step ahead.

2 Software & Services Stocks with Strong Growth Prospects

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*. Meanwhile, researchers are repeatedly demonstrating how AI-generated ID documents, selfie photos, and videos can successfully fool antiquated Know Your Customer (KYC) verification checks.

Nametag Unveils Deepfake Defense™ to Combat AI-Powered Impersonation Threats, Expands Integration Partnership with Okta

OKTA, JD and ZIM made it to the Zacks Rank #1 (Strong Buy) growth stocks list on October 14, 2024.

Best Growth Stocks to Buy for October 14th

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 16, 2024. Each presentation will be webcast live on the investor relations section of Okta's website at investor.okta.com. Details for each event are as follows: Event: Oktane Opening Keynote - The Future of Identity Security Date: Wednesday, October 16, 2024 Time: 9:00 a.m. Pacific time (12:00 p.m.

Okta to Host Investor Summit Webcast in Conjunction with Oktane

Okta (OKTA) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Surging Earnings Estimates Signal Upside for Okta (OKTA) Stock

Limbach Holdings

BRFS, LMB and OKTA made it to the Zacks Rank #1 (Strong Buy) growth stocks list on October 9, 2024.

Best Growth Stocks to Buy for October 9th

Recently, Zacks.com users have been paying close attention to Okta (OKTA). This makes it worthwhile to examine what the stock has in store.

Investors Heavily Search Okta, Inc. (OKTA): Here is What You Need to Know

The average of price targets set by Wall Street analysts indicates a potential upside of 49% in Okta (OKTA). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Wall Street Analysts Think Okta (OKTA) Could Surge 48.96%: Read This Before Placing a Bet

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 line growth, with a compelling 5.09% FCF yield. Key risks include growing competition, especially from Microsoft, and valuation concerns if growth slows, but these are manageable, in my opinion, given OKTA's current market position.

Okta: The Underappreciated Powerhouse In A Critical, Expanding Industry

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 Announces Finalists for SaaS Startup Competition to Build Identity Security Applications

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 GAAP profitability for the first time, we believe that its investment thesis remains promising here. This is assuming that the Carahsoft raid does not trigger any headwinds to OKTA's near-term performance, given the recently raised FY2025 guidance.

Okta: Near-Term Headwinds Likely - Still A Compelling Buy Opportunity

This identity security leader is down, but not out.

Is Okta Stock a Buy Right Now?

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 upmarket momentum with customer count in its $100K+ ACV cohort growing to 4620, driven by deeper channel partner relationships and product innovation. The company raised its FY25 guidance, which reflects management's optimism, but investor skepticism persists due to declining NRR and cRPO, impacting growth prospects.

News for Okta Stock (OKTA)