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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.

Earnings data Q4 2021

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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.

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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

JD.com

ZIM Integrated Shipping Services

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.

Okta Won't Remain Cheap For Too Long

Fortinet

Barrick Gold

Norwegian Cruise Line

Progressive

Five momentum stocks for October are: FTNT, GOLD, OKTA, PGR, NCLH.

5 Momentum Stocks for October After a Surprisingly Strong September

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

Best Growth Stocks to Buy for October 1st

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 slowdown, including a FY25 guidance boost recently in Q2. The company's margins have expanded healthily even as growth slowed, while FCF continues to jump quickly, allowing for modest FCF valuations.

Okta: Bargain Stock With A Path To Recovery (Rating Upgrade)

Marubeni Corp

M/I Homes

Ferrari

SK Telecom Co., Ltd.

SKM, RACE, OKTA, MHO and MARUY have been added to the Zacks Rank #1 (Strong Buy) List on September 27, 2024.

New Strong Buy Stocks for September 27th

CarGurus

Pilgrim's Pride

OKTA, CARG and PPC made it to the Zacks Rank #1 (Strong Buy) growth stocks list on September 27, 2024.

Best Growth Stocks to Buy for September 27th

The heavy selling pressure might have exhausted for Okta (OKTA) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.

Down -22.46% in 4 Weeks, Here's Why You Should You Buy the Dip in Okta (OKTA)

Okta ( OKTA ), a $13 billion provider of identity security solutions, is back to the upper realms of the Zacks Rank after EPS estimates turned back north this month. What's odd is that the stock price is still in the cellar after their late August earnings report saw shares drop over 17% on the day of, and then over -25% total to Sep 10.

Bull of the Day: Okta (OKTA)

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 to give developers more of the scalability, security, and customization they need. These enhancements start with the Auth0 Free Plan, including an increase to 25,000 monthly active users (MAUs), passwordless, unlimited* social & Okta connections, and custom domain support. Paid plans also now in.

Auth0 Takes “Free for Developers” to a New Level with More Users, More Security, Free MFA & Passwordless

Sterling Construction

Yelp

YELP, OKTA and STRL made it to the Zacks Rank #1 (Strong Buy) growth stocks list on September 24, 2024.

Best Growth Stocks to Buy for September 24th

CrowdStrike

Zscaler

CrowdStrike Holdings Inc (NASDAQ:CRWD) announced today it will expand its startup accelerator collaboration with Nvidia (NVDA) and Amazon.com's (AMZN) Web Services.

3 Cybersecurity Stocks to Watch Amid Industry Buzz

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 product cycles to counter SMB slowdown and improve net retention. In my opinion, there is more upside in 2HFY25 as management raised full-year guidance and is prioritizing profitable growth.

Proof Of Life - Maintaining Okta With A Buy

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.

Should Investors Buy the Okta Dip?

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 Founder Conference Call Participants Gabriela Borges - Goldman Sachs Gabriela Borges I think we can go ahead and kick it off. Thanks for joining us this afternoon at the Okta session at the GS Communacopia and Technology Conference.

News for Okta Stock (OKTA)