Okta, Inc. is a leading identity and access management company that provides a robust platform for secure user authentication and authorization. It offers solutions that enable organizations to manage and secure user identities across various applications and devices, ensuring that the right individuals have the appropriate access to company resources. By leveraging advanced technologies like single sign-on and multi-factor authentication, Okta helps businesses enhance security, streamline user experiences, and simplify the management of user credentials, ultimately empowering them to operate more efficiently in a digital-first world.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Qualys (NASDAQ:QLYS) and the rest of the cybersecurity stocks fared in Q3.
What has Wall Street been buzzing about this week? Here are the top 5 buy calls and the top 5 sell calls made by Wall Street's best analysts during the trading week of Dec. 2-6, 2024.
Okta, Inc. (NASDAQ:OKTA), the leading independent Identity partner, today announced that it has been recognized as a Leader in the 2024 Gartner Magic Quadrant for Access Management for the eighth consecutive year. A complimentary version of the full report can be found here.
Okta had a solid quarter and raised guidance, leading analysts to raise their price targets and indicate a robust double-digit move within twelve months.
Shares of identity management software maker Okta (OKTA)
jumped 16.8% in the pre-market session after the company reported a "beat and raise" quarter. Revenue and EPS came in much higher than Wall Street's estimates during the quarter. It also raised full-year EPS guidance and beat analysts' full-year revenue guidance expectations. However, despite the promising outlook, there were cautious comments on the macro picture as the business continued to observe a challenging operating environment, with organizations scrutinizing budgets. Zooming out, we think this was still a decent quarter, given the challenging macro backdrop.
Okta Inc's shares rose after reporting Q3 results, despite concerns about competition and product expansion. Analysts have mixed opinions on the stock.
Wall Street extended its rally on Wednesday, driven by robust gains in technology stocks, as investor optimism around AI-fueled growth continued to strengthen.
Okta stock is trading higher on Wednesday after the company reported better-than-expected earnings for the 2025 fiscal-year third quarter and issued guidance above estimates on Tuesday after the market closed.
It’s deja vu all over again, to quote the great Yogi Berra. The S&P 500 and the Nasdaq have once again notched new closing highs this afternoon, and for the third session in a row.
Identity management software maker Okta (OKTA) reported Q3 CY2024 results topping the market’s revenue expectations, with sales up 13.9% year on year to $665 million. Guidance for next quarter’s revenue was optimistic at $668 million at the midpoint, 2.7% above analysts’ estimates. Its non-GAAP profit of $0.67 per share was 14.8% above analysts’ consensus estimates.
