Okta: Upmarket Momentum Should Reignite Investor Confidence
Okta reported strong Q1 FY25 earnings, with revenue growing 19% YoY and non-GAAP operating income increasing 270% YoY. The company is seeing success winning large customer deals, particularly in the public sector, while customers with $100K+ in ACV grew 11.5% YoY to 4550 customers. Plus, its cRPO exceeded management's expectations in Q1, indicating that its go-to-market efforts to realign its sales team and leverage its partner ecosystem are starting to bear fruit.
Okta: The Turnaround Is Underway (Ratings Upgrade)
Okta is showing signs of accelerating growth rates, and solid cRPO growth suggests continued strength ahead. Investors may have missed that OKTA is quite close to GAAP profitability. The stock looks attractive given the conservative outlook and strong financial metrics.
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.
Investors Heavily Search Okta, Inc. (OKTA): Here is What You Need to Know
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.
OKTA Identity Solutions Gains Users: Should You Buy the Stock?
OKTA is benefiting from an expanding clientele, driven by the strong adoption of its Identity Threat Protection solution, which makes it an attractive pick.
Okta (OKTA) Upgraded to Buy: What Does It Mean for the Stock?
Okta (OKTA) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
1 Forgotten Growth Stock That Could Soar 30%, According to Select Wall Street Analysts
Okta stock is down 30% in the past five years.
After Plunging -8.15% in 4 Weeks, Here's Why the Trend Might Reverse for Okta (OKTA)
Okta (OKTA) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
Here is What to Know Beyond Why Okta, Inc. (OKTA) is a Trending Stock
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.
Okta Stock Falls Despite Strong Revenue Growth. Is This a Golden Opportunity to Buy?
Okta reported strong revenue growth and increased its full-year guidance. However, slowing back-half projected revenue growth is a potential warning sign.
Disappointed in Okta? This Cybersecurity Stock Is a Better Buy
CyberArk has been a notably better stock to own than Okta since 2017. The company is striking what could be a lucrative merger deal.
Okta, Inc. Stock Falls To Critical Level: What Happens Next?
Okta, Inc. NASDAQ: OKTA shares are down more than 5% following its Q1 results and have the market at a critical turning point aligning with prior resistance and current support targets. A move below this level could send the market back to its recent lows, a rebound back to the recent highs.
