OKTA Stock Recent News

Okta delivered a beat-and-raise quarter. The company appears to be on the road to recovery.

OKTA's fourth-quarter fiscal 2024 results reflect the benefits of an expanding clientele and a strong product portfolio.

It's not too late to invest in Okta Inc (NASDAQ: OKTA) even though it has rallied some 60% over the past four months, says a Bank of America analyst.

CEO Todd McKinnon said that demand remains robust.

Okta (OKTA) shares surged 23% in extended-hours trading on Wednesday evening after the cloud identity software maker topped quarterly estimates and raised its annual sales outlook on growing momentum from enterprise customers.

Okta, Inc. (OKTA) Q4 2024 Earnings Call Transcript

The headline numbers for Okta (OKTA) give insight into how the company performed in the quarter ended January 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Okta (OKTA) came out with quarterly earnings of $0.63 per share, beating the Zacks Consensus Estimate of $0.51 per share. This compares to earnings of $0.30 per share a year ago.

Salesforce (CRM), Snowflake (SNOW), and Okta (OKTA) earnings were just released. Nicole Petallides and Kevin Green discuss these earnings as Salesforce issued 1Q guidance ahead of estimates, Sridhar Ramaswamy has been named CEO of Snowflake, and Okta 4Q subscription revenue grew 20% year-over-year.

Tech stocks in the United States sustained a jaw-breaking rally in 2023, with the Nasdaq beating all other indices, accruing a more than 43% return. While stocks largely did not begin 2024 with a great start, the major indices have risen in the past few weeks.