Okta, Inc. (OKTA) is Attracting Investor Attention: Here is What You Should Know
Recently, Zacks.com users have been paying close attention to Okta (OKTA). This makes it worthwhile to examine what the stock has in store.
CyberArk: Most Attractive Company In The Identity Protection Industry
CyberArk excels in privileged access management, offering superior solutions compared to competitors like Okta. Financially, CyberArk boasts better gross margins, a leaner balance sheet, and higher free cash flow per unit of capital employed than Okta. Despite a small total addressable market, CyberArk's disciplined acquisitions and strategic positioning in PAM make it a compelling investment.
Bull of the Day: Okta (OKTA)
I last wrote about Okta ( OKTA ) as the Bull of the Day in December after their earnings report saw the stock shoot above $90 for the first time since the August gap down. As shares slipped back down towards $80 on needless confusion about their outlook, I thought it was another prime opportunity to add.
Okta, Inc. (OKTA) Is a Trending Stock: Facts to Know Before Betting on It
Okta (OKTA) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Okta competitor SailPoint races toward $11.5B IPO
Cybersecurity company SailPoint is hoping to go public — again. This time, the company plans to sell $1 billion worth of stock and hit an $11.5 billion valuation in its planned IPO.
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: 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 loyalty. Financially, OKTA has shown consistent revenue growth and turned profitable in late 2024, with a positive trend in economic profitability expected to continue. Technically, OKTA's stock has broken key resistance levels and is poised for an uptrend, with the potential to reach $111 if it stays above $86.
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's financials show improving profit margins and a solid growth trajectory, with potential for significant returns. The market undervalues Okta due to its grouping with other unprofitable SaaS companies, ignoring its healthy free cash flow and efficient spending.
Okta (OKTA) Rises As Market Takes a Dip: Key Facts
Okta (OKTA) concluded the recent trading session at $94.21, signifying a +0.48% move from its prior day's close.
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 Microsoft, enhance its market position and customer adoption. Strategic partnerships and high customer ratings drive Okta's popularity, with a focus on acquiring larger, high-value customers.
Why Okta (OKTA) Dipped More Than Broader Market Today
The latest trading day saw Okta (OKTA) settling at $94, representing a -0.98% change from its previous close.
Can an Expanding Clientele Push OKTA Stock Further in 2025?
The rising adoption of OKTA's Identity Threat Protection solution boosts prospects amid a challenging macroeconomic environment and stretched valuation.
