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Best Growth Stocks to Buy for September 24th
ZACKS· 2024-09-24 10:51
Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, September 24th: Yelp Inc. (YELP) : This company that helps connect consumers with local businesses carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 10.7% over the last 60 days. Yelp has a PEG ratio of 0.81 compared with 1.52 for the industry. The company possesses a Growth Score of B. Okta, Inc. (OKTA) : This identity solutions company carrie ...
Proof Of Life - Maintaining Okta With A Buy
Seeking Alpha· 2024-09-12 10:50
Jonathan Knowles/DigitalVision via Getty Images Okta (NASDAQ:OKTA) reported 2Q25 earnings last week and beat on all metrics. Investors opted to sell and then ask questions, and I'm here to leave no questions unanswered. The stock took quite a massive dip after earnings due to conservative cRPO 3Q25 guidance, even though the company raised FY25 guidance on all metrics. I'm just going to come out and say it: I believe the market's reaction was more on the dramatic side, but I did come in short by underestimat ...
Should Investors Buy the Okta Dip?
Gurufocus· 2024-09-11 13:00
Okta Inc. (OKTA, Financial) reported second-quarter 2025 earnings last month, delivering a beat-and-raise performance. Despite this, the stock experienced a sharp sell-off, dropping nearly 20%. In this discussion, I will delve into the factors that likely contributed to this decline and offer perspective on whether the current price level presents a buying opportunity. Near-term prospects Okta specializes in ensuring the right people have access to the right technology at the right time. They achieve this t ...
Okta, Inc. (OKTA) CEO Todd McKinnon presents at Goldman Sachs Communacopia + Technology Conference (Transcript)
Seeking Alpha· 2024-09-11 03:29
Okta, Inc. (NASDAQ:OKTA) Goldman Sachs Communacopia + Technology Conference September 10, 2024 6:45 PM ET Company Participants Todd McKinnon - Chairperson of the Board, Chief Executive Officer, Co Founder Conference Call Participants Gabriela Borges - Goldman Sachs Gabriela Borges I think we can go ahead and kick it off. Thanks for joining us this afternoon at the Okta session at the GS Communacopia and Technology Conference. I'm Gabriela Borges, I cover security here at Goldman and delighted to have on sta ...
Okta, Inc. (OKTA) CEO Todd McKinnon presents at Goldman Sachs Communacopia + Technology Conference (Transcript)
2024-09-11 03:29
Okta, Inc. (NASDAQ:OKTA) Goldman Sachs Communacopia + Technology Conference September 10, 2024 6:45 PM ET Company Participants Todd McKinnon - Chairperson of the Board, Chief Executive Officer, Co Founder Conference Call Participants Gabriela Borges - Goldman Sachs Gabriela Borges I think we can go ahead and kick it off. Thanks for joining us this afternoon at the Okta session at the GS Communacopia and Technology Conference. I'm Gabriela Borges, I cover security here at Goldman and delighted to have on sta ...
Okta, Inc. (OKTA) Citi's 2024 Global TMT Conference (Transcript)
Seeking Alpha· 2024-09-06 20:02
Okta, Inc. (NASDAQ:OKTA) Citi's 2024 Global TMT Conference September 5, 2024 2:10 PM ET Company Participants Brett Tighe - CFO Conference Call Participants Fatima Boolani - Citi Fatima Boolani Fatima Boolani here. I run the -- jointly run the Citi software equity research franchise here. And we are well into our afternoon sessions, and I am so thrilled to be hosting Brett Tighe, CFO of Okta, with me today. Thank you for being here. Brett Tighe Happy to be here. Thank you for having me. Question-and-Answer S ...
Okta Shares Still Look Overvalued, Even After Plummeting Lower Recently
The Motley Fool· 2024-09-06 07:51
Buying the dip may not make sense. Shares of cloud identity-management company Okta (OKTA -0.73%) have provided investors with disastrous returns over the last three years that were made worse by a huge sell-off in the stock following the tech company's fiscal second-quarter earnings report. Shares are down more than 20% since the Aug. 28 report. Though it might be tempting to buy the dip in this growth stock, investors may want to think twice before they do. This may be a growing company, but that doesn't ...
Why Okta Stock Lost 16% in August
The Motley Fool· 2024-09-05 19:28
Disappointing guidance in its second-quarter earnings report weighed on the cybersecurity stock. Shares of Okta (OKTA -0.62%) were pulling back last month after the cloud-based identity software specialist posted disappointing results in its fiscal 2025 second-quarter earnings report toward the end of the month. Okta's growth rate has slowed substantially since the end of the pandemic, following challenges with its integration of Auth0 and multiple security breaches. The second-quarter results beat nominal ...
Okta Stock Falls as Outlook Disappoints. Time to Buy the Dip?
The Motley Fool· 2024-09-04 12:30
Shares crashed as investors worry about future growth. Okta (OKTA -3.42%) shares spiraled lower after the cybersecurity company reported solid second-quarter results but offered a disappointing outlook. On the face of it, the latest numbers looked good. Okta's Q2 revenue jumped 16% year over year to $646 million, while subscription revenue climbed 17% to $632 million. Adjusted earnings per share (EPS) surged from $0.31 a year ago to $0.72. The company had guided for 13% to 14% revenue growth and adjusted EP ...
All You Need to Know About Okta (OKTA) Rating Upgrade to Buy
ZACKS· 2024-09-02 17:00
Okta (OKTA) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change. The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. The power of a changing earnings pictur ...