OKTA Stock Recent News

CyberArk excels in privileged access management, offering superior solutions compared to competitors like Okta. Financially, CyberArk boasts better gross margins, a leaner balance sheet, and higher free cash flow per unit of capital employed than Okta. Despite a small total addressable market, CyberArk's disciplined acquisitions and strategic positioning in PAM make it a compelling investment.

I last wrote about Okta ( OKTA ) as the Bull of the Day in December after their earnings report saw the stock shoot above $90 for the first time since the August gap down. As shares slipped back down towards $80 on needless confusion about their outlook, I thought it was another prime opportunity to add.

SAN FRANCISCO--(BUSINESS WIRE)--Okta, Inc. (NASDAQ:OKTA), the leading independent identity partner, today announced the appointment of Eric Kelleher as President and Chief Operating Officer (COO). In this new role, Kelleher will continue to report to CEO and co-founder Todd McKinnon. He will now oversee Okta's Marketing, Customer First, Company Operations, GTM Strategy & Operations, Business Technology, Data & Insights, Communications, and Okta for Good teams. In addition, Eugenio Pace,.

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.

Cybersecurity company SailPoint is hoping to go public — again. This time, the company plans to sell $1 billion worth of stock and hit an $11.5 billion valuation in its planned IPO.

U.S. access and identity management giant Okta laid off 180 employees on Tuesday, the company confirmed to TechCrunch – just over one year after it let go of 400 workers.

VSCO, ASB, OKTA, PLYA and DECK have been added to the Zacks Rank #1 (Strong Buy) List on February 4, 2025.

SAN FRANCISCO--(BUSINESS WIRE)--Okta, Inc. (NASDAQ: OKTA), the leading independent Identity partner, today announced that it will release its financial results for its fourth quarter and fiscal year 2025 ended January 31, 2025 after the U.S. market close on Monday, March 3, 2025. Okta will host a live video webcast that day at 2:00 p.m. Pacific time (5:00 p.m. Eastern time) to discuss the results. Event: Okta's Fourth Quarter and Fiscal Year 2025 Financial Results Date: Monday, March 3, 2025 Ti.

Okta's recovery from its 2021-2022 decline is driven by significant R&D investments, strategic acquisitions, and enhanced enterprise market focus, leading to improved product offerings and customer loyalty. Financially, OKTA has shown consistent revenue growth and turned profitable in late 2024, with a positive trend in economic profitability expected to continue. Technically, OKTA's stock has broken key resistance levels and is poised for an uptrend, with the potential to reach $111 if it stays above $86.

Okta's strong free cash flow, high gross margins, and stable subscription base outweigh short-term issues, making it undervalued at around $94 per share. Despite competition and integration challenges, Okta's financials show improving profit margins and a solid growth trajectory, with potential for significant returns. The market undervalues Okta due to its grouping with other unprofitable SaaS companies, ignoring its healthy free cash flow and efficient spending.