Okta (OKTA) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
20% — This figure closely reflects the decrease in Okta's (NASDAQ:OKTA) market capitalization over the past six months. Below is a succinct overview of the factors that led to this decline — along with what could happen next.
OKTA shares jump after Q3 earnings and revenue beat, with upbeat guidance and expanding operating margins driving momentum.
| Transportation Infrastructure Industry | Industrials Sector | Todd McKinnon CEO | XBER Exchange | US6792951054 ISIN |
| US Country | 5,914 Employees | - Last Dividend | - Last Split | 7 Apr 2017 IPO Date |
Okta, Inc. is establishing itself as a critical identity partner both across the United States and internationally. With a focus on managing and securing identities, Okta delivers a comprehensive suite of products and services designed for a modern, interconnected world. Initially known as Saasure, Inc., the company underwent rebranding to better represent its offerings and mission. Since its inception in 2009 and headquartered in San Francisco, California, Okta has pioneered identity solutions addressing various needs — from single sign-on capabilities to sophisticated identity governance. Their market approach combines direct sales with strategic channel partnerships, ensuring their solutions reach a broad audience needing secure and efficient identity management.