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. Read More
In the first week of 2026, Okta, Inc. (NASDAQ: OKTA) sent a clear signal to Wall Street: it believes its stock is undervalued. By authorizing a $1 billion share repurchase program on January 5, the company’s board committed to retiring nearly 7% of its outstanding Class A common stock. This move comes at a critical [...]
Shares of identity management company Okta (NASDAQ:OKTA) jumped 3.1% in the afternoon session after a broader market rally drove investor optimism in artificial intelligence and big tech stocks.
Okta, Inc. (Nasdaq: OKTA), the leading independent identity partner, today announced that its board of directors approved a share repurchase program with authorization to purchase up to $1 billion of its Class A Common Stock, effective immediately. This program underscores Okta’s confidence in its business, conviction in its significant long-term opportunities, and view that its shares are undervalued. Okta’s scale, balance sheet, and proven ability to generate consistent free cash flow allow it to opportunistically return capital to shareholders, while also investing for durable long-term growth. Okta expects to fund repurchases with existing cash balances and cash flow from operations.
Okta, Inc. (Nasdaq: OKTA), the leading independent identity partner, today announced that a member of its management team is scheduled to participate in an upcoming investor conference.
From commerce to culture, software is digitizing every aspect of our lives. In the past, the undeniable tailwinds fueling SaaS companies led to lofty valuation multiples that made it easier to raise capital.
But this was a double-edged sword as the high prices exposed them to big drawdowns, and unfortunately, the industry has tumbled by 2.7% over the last six months. This drop is a stark contrast from the S&P 500’s 11.7% gain.
In a move that signals a tectonic shift in the enterprise software landscape, ServiceNow (NYSE: NOW) officially announced on December 23, 2025, that it has entered into a definitive agreement to acquire cyber-asset management leader Armis for approximately $7.75 billion in cash. This landmark transaction, the largest in ServiceNow’
Okta, Inc. (Nasdaq: OKTA), the leading independent identity partner, today announced the appointment of Rob Bernshteyn and Paul Sagan to the Company’s board of directors, effective December 19, 2025.
The American dream of homeownership is facing a sophisticated new adversary as 2025 draws to a close. In the first quarter of 2025 alone, AI-driven wire fraud in the real estate sector resulted in over $200 million in financial losses, marking a terrifying evolution in cybercrime. What was once a landscape of poorly spelled phishing [...]
Despite recent pockets of volatility and "slips" in the U.S. stock market during late 2025, a robust corporate profit outlook is emerging as a powerful counter-narrative, fueling investor optimism and suggesting that still-higher prices for American equities may be on the horizon. While the Cboe Volatility Index (VIX) saw
Okta’s third quarter results were shaped by strong customer demand for its expanding identity management portfolio, especially among large enterprises. Management credited the outperformance to robust adoption of new products, such as Okta Identity Governance and AI-focused security solutions, which address increasingly complex identity needs. CEO Todd McKinnon highlighted that, “Customers frustrated managing dozens of disparate identity systems are turning to Okta for a modern, unified platform.” However, the negative market reaction reflected concerns about the sustainability of these recent gains, as some partners and customers remain cautious about consolidating identity solutions amid evolving enterprise IT priorities.
As 2025 draws to a close, a powerful undercurrent of technological innovation, extending far beyond the pervasive influence of artificial intelligence, is demonstrably reshaping the global stock market. From the intricate defenses of cybersecurity to the vast frontiers of space technology, and from life-saving biotechnological breakthroughs to the efficiency gains
The global Information Technology (IT) sector is currently experiencing an unprecedented surge in growth and investment, poised to redefine the economic landscape as 2025 draws to a close. With worldwide IT spending projected to soar to $5.43 trillion in 2025 and an anticipated jump to over $6 trillion by
Even if a company is profitable, it doesn’t always mean it’s a great investment.
Some struggle to maintain growth, face looming threats, or fail to reinvest wisely, limiting their future potential.
Shares of identity management company Okta (NASDAQ:OKTA) jumped 3.6% in the afternoon session after it reported third-quarter financial results that beat analyst expectations and issued an upbeat forecast for the fourth quarter. Okta's total revenue for the quarter reached $742 million, an 11.6% increase from the prior year, surpassing the consensus forecast of $730 million. The identity-management firm also posted adjusted earnings of $0.82 per share, which was better than the anticipated $0.76. Looking ahead, Okta guided for fourth-quarter revenue of around $749 million, exceeding analysts' projections. The company also raised its full-year guidance for adjusted earnings per share.
Okta’s stock dropped 4% in Wednesday’s premarket trading despite Q3 metrics beating estimates, as the firm highlighted concerns about slowing growth in key metrics.
