Okta Won't Remain Cheap For Too Long
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.
Best Growth Stocks to Buy for October 1st
CARG, OKTA, and UL made it to the Zacks Rank #1 (Strong Buy) growth stocks list on October 1, 2024.
Okta: Bargain Stock With A Path To Recovery (Rating Upgrade)
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.
Play Likely Earnings Beat With 4 Top-Ranked Stocks
Top-ranked stocks Okta (OKTA), Chewy (CHWY), Norwegian Cruise Line (NCLH) and Barrick Gold (GOLD) are likely to beat on the bottom line in their upcoming releases.
Down -22.46% in 4 Weeks, Here's Why You Should You Buy the Dip in Okta (OKTA)
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.
Okta, Inc. (OKTA) is Attracting Investor Attention: Here is What You Should Know
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.
Bull of the Day: 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.
Best Growth Stocks to Buy for September 24th
YELP, OKTA and STRL made it to the Zacks Rank #1 (Strong Buy) growth stocks list on September 24, 2024.
Okta, Inc. (OKTA) Is a Trending Stock: Facts to Know Before Betting on It
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.
Proof Of Life - Maintaining Okta With A Buy
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.
Should Investors Buy the Okta Dip?
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.
Okta, Inc. (OKTA) CEO Todd McKinnon presents at Goldman Sachs Communacopia + Technology Conference (Transcript)
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.
