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Fool.com contributor and finance professor Parkev Tatevosian evaluates Okta's (NASDAQ: OKTA) prospects and answers if investors should buy Okta stock right now. *Stock prices used were the afternoon prices of May 31, 2023.
Okta's (OKTA) first-quarter fiscal 2024 results reflect the benefits of an expanding clientele.
Okta (NASDAQ: OKTA) investors had a rough week as their stock declined 15% through Thursday trading compared to a 0.4% increase in the S&P 500. Okta announced on Wednesday that sales increased 25% for the Q1 period that ran through late April. This expansion rate beat the high end of the guidance range that executives had issued back in early March and reflected strong demand among enterprises for its identity management services.
The identify-verification and access-management specialist reported results that some investors found disappointing.
Okta stock drops despite the company beating earnings expectations. Yahoo Finance Live’s Rachelle Akuffo breaks down Okta's earnings report and why the stock took a dive.
While the top- and bottom-line numbers for Okta (OKTA) give a sense of how the business performed in the quarter ended April 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
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With me in today's meeting, we have Todd McKinnon, our chief executive officer and co-founder; and Brett Tighe, our chief financial officer. A reconciliation between GAAP and non-GAAP financial measures and a discussion of the limitations of using non-GAAP measures versus their closest GAAP equivalents is available in our earnings release.
Wall Street finished the month of May on a down note, with major market benchmarks giving back a portion of their recent gains. Declines for the Nasdaq Composite (NASDAQINDEX: ^IXIC) and S&P 500 (SNPINDEX: ^GSPC) were slightly worse than the daily drop in the Dow Jones Industrial Average (DJINDICES: ^DJI), but overall, the Nasdaq posted strong gains for the month even as the Dow fell significantly.
Okta (OKTA) delivered earnings and revenue surprises of 83.33% and 1.45%, respectively, for the quarter ended April 2023. Do the numbers hold clues to what lies ahead for the stock?
SAN FRANCISCO, May 31, 2023--Okta, Inc. (Nasdaq: OKTA), the leading independent identity provider, today announced financial results for its first quarter ended April 30, 2023.
Two tech stocks that are standing out as their first-quarter earnings reports approach on Wednesday, May 31 are CrowdStrike (CRWD) and Okta Inc (OKTA).
OKTA's first-quarter fiscal 2024 results are expected to reflect the positive impact of an expanding product portfolio and the continued adoption of Identity solutions.
Investors aren't sure what to make of Okta (NASDAQ: OKTA) stock ahead of its late May earnings report. Most investors have high expectations here, with Wall Street pros forecasting $511 million of sales to hit the top end of management's outlook.
Digital Turbine's (APPS) fourth-quarter fiscal 2023 results reflect a negative impact of weak advertiser spending across business segments.
In the latest trading session, Okta (OKTA) closed at $84.67, marking a +1.5% move from the previous day.
Key Insights The projected fair value for Okta is US$62.34 based on 2 Stage Free Cash Flow to Equity Okta's US$83.42...
Okta (OKTA) closed at $81.19 in the latest trading session, marking a +1.05% move from the prior day.
Zacks.com users have recently been watching Okta (OKTA) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Sea Limited's (SE) first-quarter 2023 results benefit from a solid uptick in e-commerce and digital financial services businesses.
Zscaler is getting all the headlines, but one of its cybersecurity stock rivals is a much better bargain.
Amazon.com, MongoDB, Okta, Zscaler and Paycom Software are part of the Zacks top Analyst Blog.
We have narrowed our search to five large-cap stocks currently trading at a deep discount to their 52-week highs. These are: AMZN, PAYC, OKTA, ZS, MDB.
The top cybersecurity stocks struggled last month, as industry news created a weaker outlook for the sector.
Okta (OKTA) closed the most recent trading day at $70.15, moving -0.18% from the previous trading session.