OKTA shares jump after Q3 earnings and revenue beat, with upbeat guidance and expanding operating margins driving momentum.
OKTA is an even better Buy after the correction post-FQ3'26 earnings call, with it offering a deep-value Buy opportunity into agentic cybersecurity growth opportunities. Despite the decelerating revenue growth and the stagnant net retention rates, the expanding Rule of 40 performance and the growing multi-year backlog support its recovery investment thesis. This is significantly aided by OKTA's discounted P/E of 23.95x, along with the increasingly healthier balance sheet - enhancing its margin of safety against the pricier cybersecurity peers at ~64x.
Okta CEO Todd McKinnon discusses what's driving the software maker's boosted forecast. He speaks with Caroline Hyde on "Bloomberg Tech.
| - Industry | - Sector | Todd McKinnon CEO | NASDAQ (NGS) Exchange | 679295105 CUSIP |
| 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.