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-H...
A technical reversal has been brewing for Okta's NASDAQ: OKTA stock market for the last two years, and the market has reached a critical inflection point. The Q2 results affirm its position in the cybersecurity universe, including increasing demand, accelerating growth, and improved guidance that will likely be outperformed.
RESTON, Va.--(BUSINESS WIRE)-- #DISA--myAuth is a modern, secure identity authentication solution that replaces the DS Logon. It is set to enhance user access for ~20 million individuals.
Okta came through with proof of life this quarter, beating on top and bottom lines plus raising FY guide. Enterprise customer focus is driving robust retention as well as opening up cross-selling and up-selling opportunities. Valuation remains attractive compared to CrowdStrike or Palo Alto, with Okta trading at lower multiples and exhibiting early signs of technical recovery.
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 ...
The identity security company impressed the Street with a beat-and-raise quarter, sending its shares higher on Wednesday.
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