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OKTA's strong portfolio and partner network fuel growth, but macro headwinds, competition and valuation risks weigh on its stock.
Okta, Inc. (NASDAQ:OKTA ) Goldman Sachs Communacopia + Technology Conference 2025 September 9, 2025 12:00 PM EDT Company Participants Eric Kelleher - President & COO Conference Call Participants Gabriela Borges - Goldman Sachs Group, Inc., Research Division Unknown Attendee Presentation Gabriela Borges Analyst All right. Good stuff.
Okta, Inc. (NASDAQ:OKTA ) Citi's 2025 Global Technology, Media and Telecommunications Conference September 3, 2025 10:10 AM EDT Company Participants Monty Gray - Executive Vice President of Corporate Development Dave Gennarelli - Senior Vice President of Investor Relations Conference Call Participants Fatima Boolani - Citigroup Inc., Research Division Presentation Fatima Boolani Director & Co-Head of Software Research [Audio Gap] run the software equity research franchise here at Citi. Very excited to have Okta on stage with me.
Okta's new identity solutions fuel double-digit revenue growth, market share gains, and a strong fiscal 2026 outlook.
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Okta, Inc. OKTA reported better-than-expected second-quarter financial results and raised its FY26 guidance above estimates on Tuesday.
Okta, Inc.'s fundamentals are solid, with a strong balance sheet and free cash flow margins approaching 30%, supporting its long-term stability. Revenue growth is stabilizing around 9-10%, lower than my earlier mid-teens expectations, reflecting a more mature growth phase. Valuation at 17x forward free cash flow is reasonable but not compelling, limiting my enthusiasm for a more aggressive buy rating.
Nvidia earnings and Fed uncertainty hold S&P 500 flat premarket. Tech stocks like MongoDB and Okta rally on strong results, fueling AI-driven optimism.
The Okta stock price rose in extended hours after the cybersecurity company published strong results and upgraded its outlook, noting that the macro conditions were better than expected. It jumped to a high of $95, paring back some of the recent losses.