On the latest episode of After Earnings, we spoke with Okta CEO Todd McKinnon about how his company aims to become the one-stop shop for digital ID across all businesses and applications.
OKTA's $4.08B backlog and rising demand for identity security highlight strong enterprise momentum despite stiff competition.
Okta, Inc. (NASDAQ:OKTA ) BMO 2025 Virtual Software Conference June 10, 2025 11:30 AM ET Company Participants Brett Tighe - Chief Financial Officer Conference Call Participants Keith Frances Bachman - BMO Capital Markets Equity Research Keith Frances Bachman All right. Good morning, good afternoon, everybody.
Okta is a leader in cloud identity and access management, serving over 200K customers with a unified security platform. The surge in AI agents and non-human identities (NHIs) creates a massive new market, where Okta's expertise offers a key competitive edge. Despite being fairly valued now, Okta's growth potential is strong as NHIs and AI drive a much larger addressable market.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Cybersecurity firm Okta (NASDAQ: OKTA), a frontrunner in identity and access management, has experienced a stock decrease of around 10% in the last month, even after reporting robust first-quarter earnings that surpassed analyst forecasts. This decline is primarily linked to ongoing economic uncertainties arising from tariffs.
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.
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.
Okta's first-quarter earnings beat expectations, but its outlook fell short of investor expectations. Okta CEO Todd McKinnon joins Caroline Hyde and Ed Ludlow on "Bloomberg Technology.
U.S. equities were lower at midday as the market awaited the release of the latest Federal Reserve minutes and the much-anticipated after-the-bell earnings report from Nvidia (NVDA). The Dow Jones Industrial Average, S&P 500, and Nasdaq all declined.