Okta Stock News

Cybersecurity spending is set to rise for at least another decade.

Smaller software stocks have been on a tear this year, and the sector broadly stands to benefit from lower costs for AI.

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 Te...

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.

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 resul...

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 ...

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...