You would think that Okta's NASDAQ: OKTA FQ1 earnings release was weaker than expected and compounded by poor guidance, the way its stock price fell after its release. Down more than 15% for the week, the only thing wrong with the report is a hint of caution in the full-year guidance.
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.
OKTA sinks 16% as slowing growth outlook overshadows strong Q1 results and raises concerns over valuation despite robust demand for identity solutions.
27 May 2025 Date | | 0.77 Cons. EPS | 0.86 EPS |
3 Mar 2025 Date | | 0.74 Cons. EPS | 0.78 EPS |
26 Feb 2025 Date | | - Cons. EPS | - EPS |
3 Dec 2024 Date | | 0.58 Cons. EPS | 0.67 EPS |
27 Nov 2024 Date | | 0.58 Cons. EPS | - EPS |
27 May 2025 Date | | 0.77 Cons. EPS | 0.86 EPS |
3 Mar 2025 Date | | 0.74 Cons. EPS | 0.78 EPS |
26 Feb 2025 Date | | - Cons. EPS | - EPS |
3 Dec 2024 Date | | 0.58 Cons. EPS | 0.67 EPS |
27 Nov 2024 Date | | 0.58 Cons. EPS | - EPS |
Software - Infrastructure Industry | Technology Sector | Mr. Todd McKinnon CEO | LSE 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.