Okta Earnings: Game Over, Time To Log Out (Downgrade)
Okta's revenue growth is decelerating, with fiscal Q3 2024 guidance pointing to just 9%-10% growth, leading to a hold rating. Despite a strong cash position and increasing profitability, Okta's 25x forward non-GAAP EPS valuation isn't justified given competitive pressures and slowing growth. Okta's strategy to expand product offerings and focus on large enterprises isn't enough to maintain high-growth status.
Expanding Its "Partner Ecosystem" Could Reignite Growth at OKTA
Okta's NASDAQ: OKTA stock price has had a difficult few years. Since August of 2021, shares are down around 63%.
These Analysts Cut Their Forecasts On Okta After Q2 Results
Okta, Inc. OKTA reported better-than-expected second-quarter financial results after Wednesday's closing bell.
This Okta Analyst Turns Bearish; Here Are Top 5 Downgrades For Thursday
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.
Okta: Free Cash Flow Margin Surges to 12%
Total revenue exceeded expectations, coming in at $646 million. Non-GAAP operating income and net income per share outperformed guidance.
Okta, Inc. (OKTA) Q2 2025 Earnings Call Transcript
Okta, Inc. (NASDAQ:OKTA ) Q2 2025 Earnings Conference Call August 28, 2024 5:00 PM ET Company Participants Dave Gennarelli - Senior Vice President, Investor Relations Todd McKinnon - Chief Executive Officer & Co-Founder Brett Tighe - Chief Financial Officer Conference Call Participants John DiFucci - Guggenheim Shrenik Kothari - Baird Annick Baumann - Jefferies Madeline Brooks - BofA Charlotte Bedick - JPMorgan Joe Vandrick - Scotiabank Manraj Bevli - Bernstein Mark Cash - Raymond James Trevor Rambo - BTIG Brian Wilcox - Cleveland Michael Richards - RBC Dave Gennarelli Hi, everyone. Welcome to Okta's Second Quarter Fiscal 2025 Earnings Webcast.
Okta (OKTA) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
Although the revenue and EPS for Okta (OKTA) give a sense of how its business performed in the quarter ended July 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Okta (OKTA) Q2 Earnings and Revenues Top Estimates
Okta (OKTA) came out with quarterly earnings of $0.72 per share, beating the Zacks Consensus Estimate of $0.61 per share. This compares to earnings of $0.31 per share a year ago.
Okta's stock tumbles after earnings beat is offset by mixed guidance
Okta Inc.'s stock tumbled 8% in after-hours trade Wednesday, after the secure-identity cloud company's fiscal second-quarter earnings beat estimates, but guidance was mixed.
Okta: Navigating Economic Headwinds For Long-Term Growth
The company has underperformed the market in the face of macroeconomic headwinds. Okta management has focused on three areas to reignite revenue growth once the economy rebounds. It trades at a reasonable valuation.
Should You Buy, Hold or Sell OKTA Stock Ahead of Q2 Earnings?
OKTA's second-quarter fiscal 2025 benefits from an expanding clientele amid a challenging macroeconomic environment.
OKTA's 7% YTD Return is Misleading: How to Play This Growth Stock?
OKTA is riding on an expanding clientele driven by the strong adoption of its Identity Threat Protection solution amid a challenging macroeconomic environment.
