News
OKTA
104.54
-0.36%
-0.38
Okta Stock (NASDAQ:OKTA): The Comeback Is Gaining Momentum
TipRanks · 19h ago
Why Microsoft's Cybersecurity Business Is A Key Growth Story To Watch
Microsoft Corporation's cybersecurity business is the world's leading company by revenue. Revenue from cybersecurity verticals expected to reach $25 billion in FY 2024. The cybersecurity market is expanding significantly, with double-digit YoY growth rates expected to continue. Microsoft's Copilot for Security tool will become widely available in April.
Seeking Alpha · 22h ago
Should You Think About Buying Okta, Inc. (NASDAQ:OKTA) Now?
Okta, Inc. Saw a share price rise of 29% in the past couple of months on the NASDAQGS. The company's stock is currently trading at US$104 on the share market. Okta is expected to grow its profit by 84% over the next couple of years. Its future growth isn't fully reflected in the company's share price yet. There is still an opportunity to buy Okta at a cheap price.
Simply Wall St · 1d ago
Weekly Report: what happened at OKTA last week (0318-0322)?
Weekly Report · 3d ago
Okta: Time To Take Chips Off The Table (Rating Downgrade)
Okta's stock rallied after a data breach in October, but risks have emerged. Concerns include slowing customer growth, weaker net expansion trends, and the expectation of growth decelerating to the low teens soon. Downgrading Okta to Neutral. Okta's valuation multiples are currently rich, at 6.7x revenue and 32x FCF. The single sign-on and identity management software platform's stock is up 20% since December.
Seeking Alpha · 5d ago
2 Top Cybersecurity Stocks You Can Buy and Hold for the Next Decade
Palo Alto Networks and Okta could make great long-term buy-and-hold stocks. The cybersecurity industry is among the first to decline in an economic downturn. The company's sales rose 20% in the most recent quarter. Okta and Palo Alto Networks are both in a high-growth market.
The Motley Fool · 6d ago
Reddit Goes Public Soon. Why the Stock Could Struggle for a While.
Reddit priced its initial public offering at $34 a share. The popular social media platform is expected to hit the stock market soon. Reddit is still losing money, and historically, unprofitable IPOs tend to have a rough first few months. The company has to maintain its growth and become profitable to justify its valuation.
Barron‘s · 03/21 16:04
First Trust Nasdaq Cybersecurity ETF Experiences Big Outflow
NASDAQ · 03/18 14:58
Weekly Report: what happened at OKTA last week (0311-0315)?
Weekly Report · 03/18 09:11
Microsoft security hacking incidents worry US customers - report
Seeking Alpha · 03/15 14:51
7 Cybersecurity Stocks That Meta Should Consider Buying
41 state attorneys general have penned a letter to Meta Platforms (NASDAQ:META) expressing concerns over complaints about hacked Facebook and Instagram accounts. I propose seven cybersecurity stocks that Meta could acquire to help protect its web properties. CrowdStrike (CRWD) and Fortinet (FTNT) are two of the cybersecurity stocks on the list.
Investorplace · 03/12 13:05
Nvidia sell off not indicative of an AI bubble, Dan Ives says
Tech Nvidia sell off not indicative of an AI bubble, Dan Ives says. Nvidia's sell-off on Friday is not an indication of a bubble in artificial intelligence stocks. Wall Street is underestimating the power of AI, Wedbush Securities analyst says. Ives believes AI could comprise 8%-10% of IT budgets in 2024.
Seeking Alpha · 03/11 11:28
Weekly Report: what happened at OKTA last week (0304-0308)?
Weekly Report · 03/11 09:11
The AI Race Gets Litigious
Elon Musk filed suit against OpenAI this week. The suit could have implications for the race for AI. The Gemini generative AI tool ran into problems with image and text generation. The role of patents in pharmaceuticals is looming for roughly 200 big-time drugs over the next decade.
The Motley Fool · 03/09 14:00
Growth for Salesforce, Snowflake, and Okta
NASDAQ · 03/09 12:15
Why Did Okta Shares Jump 30% Higher in February?
Cybersecurity company Okta reported impressive quarterly results. The stock of Okta rose 29.9% last month. The company's 130% operating cash flow growth is impressive. Okta is forecasting major deceleration in revenue growth for next year. The cybersecurity company also reported excellent net dollar retention.
The Motley Fool · 03/08 16:22
Notable Thursday Option Activity: PLAY, OKTA, EOLS
NASDAQ · 03/07 20:18
4 Takeaways From Okta's Fantastic Quarter
Okta's fourth-quarter sales were up 19% and subscription-based revenue jumped 20%. The cybersecurity specialist's stock is up 50% in the past year. Okta is now valued at eight times sales. The company is expected to reach profitability starting in fiscal 2025.
The Motley Fool · 03/07 12:46
Earnings Estimates Moving Higher for Okta (OKTA): Time to Buy?
NASDAQ · 03/06 17:20
Stocks Climb as Bond Yields Fall on Weak ADP Report and Powell Comments
U.S. Stock indexes moderately higher as bond yields fall after ADP employment report is weaker than expected. Fed Chair Powell says it would likely be appropriate to begin cutting interest rates "at some point this year" Cybersecurity stocks are higher after Crowdstrike reports better-than-expected sales. European stock markets are mixed.
Barchart · 03/06 09:01
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About OKTA
Okta, Inc. is an independent identity provider company. The Company's Okta Identity Platform is an independent and neutral cloud-based identity solution that allows its customers to integrate with nearly any application, service or cloud that they choose through its secure platform and cloud infrastructure. Its Workforce Identity Cloud is used as the central system for an organization’s connectivity, access, authentication and identity lifecycle management needs spanning all of its users, technology and applications. Its Workforce Identity products include Universal Directory, Single Sign-On, Adaptive Multi-Factor Authentication, Lifecycle Management, API Access Management, Access Gateway, Advanced Server Access and Okta Identity Governance. The Company’s Customer Identity products include Universal Login, Attack Protection, Adaptive Multi-Factor Authentication, Passwordless, Machine to Machine, Private Cloud, Organizations, Actions and Extensibility, and Enterprise Connections.