Okta, Inc. (NASDAQ:OKTA ) Citi's 2025 Global Technology, Media and Telecommunications Conference September 3, 2025 10:10 AM EDT Company Participants Monty Gray - Executive Vice President of Corporate Development Dave Gennarelli - Senior Vice President of Investor Relations Conference Call Participants Fatima Boolani - Citigroup Inc., Research Division Presentation Fatima Boolani Director & Co-Head of Software Research [Audio Gap] run the software equity research franchise here at Citi. Very excited to have Okta on stage with me.
Okta, Inc.'s fundamentals are solid, with a strong balance sheet and free cash flow margins approaching 30%, supporting its long-term stability. Revenue growth is stabilizing around 9-10%, lower than my earlier mid-teens expectations, reflecting a more mature growth phase. Valuation at 17x forward free cash flow is reasonable but not compelling, limiting my enthusiasm for a more aggressive buy rating.
Cybersecurity company Okta raised annual revenue and profit forecasts on Tuesday, betting on growing demand for its identity verification tools as enterprises strengthen defenses against artificial intelligence-powered attacks.
2 Dec 2025 (In 2 months) Date | | 0.75 Cons. EPS | - EPS |
27 Aug 2025 Date | | 0.85 Cons. EPS | - EPS |
27 Aug 2025 Date | | 0.84 Cons. EPS | - EPS |
26 Aug 2025 Date | | 0.85 Cons. EPS | 0.91 EPS |
27 May 2025 Date | | 0.77 Cons. EPS | 0.86 EPS |
2 Dec 2025 (In 2 months) Date | | 0.75 Cons. EPS | - EPS |
27 Aug 2025 Date | | 0.85 Cons. EPS | - EPS |
27 Aug 2025 Date | | 0.84 Cons. EPS | - EPS |
26 Aug 2025 Date | | 0.85 Cons. EPS | 0.91 EPS |
27 May 2025 Date | | 0.77 Cons. EPS | 0.86 EPS |
Software - Infrastructure Industry | Technology Sector | Todd McKinnon CEO | XMUN 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.