Okta (OKTA) reachead $88.62 at the closing of the latest trading day, reflecting a -0.87% change compared to its last close.
Zacks.com users have recently been watching Okta (OKTA) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Many tech stocks have reached lofty valuations, but Okta has been left out. Investors may be disappointed with management's preliminary guidance for the upcoming year. Investors may be underestimating the company's entry into GAAP profitability.
In the latest trading session, Okta (OKTA) closed at $85.46, marking a +0.94% move from the previous day.
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.
The latest trading day saw Okta (OKTA) settling at $78.83, representing a +0.04% change from its previous close.
OKTA has continued to report robust performance metrics across growing multi-year RPO and adj subscription gross margin, with it implying the growing customer demand and its excellent pricing power. If anything, the cybersecurity company has reported an impressive 3Y CAGR of +70.9% in the $1M+ Annual Contract Value customers, from $200M in FQ4'22 to $1B in FQ3'25. Combined with the "hundreds of millions of dollars of pipeline" from the Octane event, we believe that OKTA's sell off has been overly done.
Zacks.com users have recently been watching Okta (OKTA) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Gaining adoption of OKTA's Identity Threat Protection solution boosts prospects amid a challenging macroeconomic environment and stretched valuation.
After reaching an important support level, Okta (OKTA) could be a good stock pick from a technical perspective. OKTA surpassed resistance at the 20-day moving average, suggesting a short-term bullish trend.
This cybersecurity company is growing in all the right places.
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