Okta Stock News

2025 needs to be the year identity providers go all in on improving every aspect of software quality and security, including red teaming.

Okta Inc (NASDAQ:OKTA) stock is 1.9% lower ahead of the opening bell, looking to start today's session around the $77 mark on the heels of a sour analyst note.

Okta's new products focus on high-margin customers, creating upsell opportunities for existing ones, and distinguishing its technology from its peers. Partnerships with GSIs, ISVs, and MSPs are driving bigger, more profitable deals. The company posted its first-ever positive GAAP net income last quarter, with double-digit revenue and free cash flow growth, and strong liquidity ratios.

Okta's stock is approximately 31% undervalued, with strong revenue growth, positive cash flows, and a consistent share count. Okta excels in secure user authentication and identity management, competing effectively against Microsoft with superior reliability, ease of use, and integration capabilities. Despite negative EBITDA, Okta's aggressive R&D investment and declining SG&A ratio indicate th...

You may have missed it, but Okta achieved GAAP profitability for the first time in the latest quarter. Wall Street appears spooked about the potential financial impact from the cybersecurity breaches. Okta has a net cash balance sheet and its debt carries low interest rates.

SAN FRANCISCO--(BUSINESS WIRE)--Okta, Inc. (NASDAQ: OKTA), the leading independent Identity partner, today announced that it will release its financial results for its third quarter fiscal year 2025 ended October 31, 2024 after the U.S. market close on Tuesday, December 3, 2024. 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 result...

Cybersecurity stocks rank No. 105 out of 197 IBD industry groups.

WASHINGTON--(BUSINESS WIRE)--NetHope, a catalyst for collective impact that advances humanitarian, conservation, and international development efforts worldwide, has partnered with Okta, in a groundbreaking initiative aimed at enhancing cybersecurity resilience across the nonprofit sector. This strategic partnership, underpinned by a $2.5 million commitment from Okta for Good, Okta's philanthro...