Okta (OKTA) has been on a downward spiral lately with significant selling pressure. After declining 9.2% over the past four weeks, the stock looks well positioned for a trend reversal as it is now in oversold territory and there is strong agreement among Wall Street analysts that the company will report better earnings than they predicted earlier. Here is How to Spot Oversold Stocks We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is over ...

Funtap/iStock via Getty Images More than a year ago, I thought Okta, Inc. (NASDAQ:OKTA) stock was ready for a reversal in prospects despite a lackluster YTD performance leading up to my article. OKTA, which was trading around $71 back then, reversed as predicted and hit a high of around $110 in March 2024 before losing most of those gains. Last Thursday, in a wild trading session, Okta stock dropped almost 18% after reporting decent earnings that failed to impress the market. Although there is no question a ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _____________________________________ FORM 10-Q _____________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 193 For the quarterly period ended July 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 193 For the transition period from to Commission File Number: 001-38044 _____________________________________ Okta, Inc. ...

Shares of the cybersecurity stock fell as it called for slowing growth ahead. Shares of Okta (OKTA -16.21%), the cloud-based identity software company, were taking a dive after the company reported third-quarter numbers that beat headline estimates, but its guidance missed the mark in some key metrics. As a result, the stock was down 16.1% as of 11:32 a.m. ET on the news. Okta is still stuck in second gear Okta's revenue growth was solid, but investors seem to be hoping that the company can accelerate growt ...

Okta (OKTA) reported second-quarter fiscal 2025 earnings of 72 cents per share, beating the Zacks Consensus Estimate by 18.03%. The company posted earnings of 31 cents per share in the year-ago quarter. Total revenues increased 16% year over year to $646 million and surpassed the consensus mark by 2.18%. The year-over-year upside can be attributed to higher subscription revenues. OKTA raised its top-line guidance for the fiscal 2025 based on its strong second-quarter performance and operational efficiencies ...

Shares of Okta Inc OKTA tanked in early trading on Thursday, even after the company reported upbeat secondquarter results. The company reported its results amid an exciting earnings season. Here are some key analyst takeaways. Check out other analyst stock ratings. DA Davidson: Okta reported revenues and earnings of $646 million and 72 cents per share. It beat the consensus of $632.7 million and 61 cents per share, respectively. However, the company's subscription revenue growth decelerated to 17% year-on-y ...

F I I L r I Michael Vi Investment Thesis Okta (NASDAQ:OKTA) delivered a reasonable result for its fiscal Q2 2024 earnings. The problem here is that its guidance points to substantial deceleration in its revenue growth rates. As it stands right now, investors are having to pay 25x next year's non-GAAP EPS for a business with current remaining obligations growing at decidedly low double digits and potentially less, with fiscal Q3 2024 guided to about 9% to 10% growth. Altogether, this is a stock that's no lon ...

Okta Today OKTA Okta $78.40 -18.14 (-18.79%) 52-Week Range $65.04 ▼ $114.50 Price Target $105.58 Add to Watchlist Okta's NASDAQ: OKTA stock price has had a difficult few years. Since August of 2021, shares are down around 63%. However, over the past 52 weeks, the stock is recovering, up 34%. The Technology Select Sector SPDR Fund NYSEARCA: XLK is up 32% over the same period. The technology company known for making it easier to sign into cloud computer applications at work has been posting earnings surprises ...

Okta, Inc. OKTA reported better-than-expected second-quarter financial results after Wednesday's closing bell. Oktal ın has aconsensus price target of $102.48 based on the ratings of X4 analysts. The historark C Oapital on August 29, 2024. The low is trest and the struistes on Novem Okta reported quarterly earnings of 72 cents per share, which beat the analyst consensus estimate of 61 cents by 18.03%. Quarterly sales came in at $646 million, which beat the consensus estimate by 2.06% and represents a 16.19% ...

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Considering buying OKTA stock? Here's what analysts think: Okta Inc has a consensus price target of $102.81 based on the ratings of 34 analysts. The high is $140 issued by WestPark Capital on August 29, 2024. The low is $70 issued by Truist Securities on November 30, 2023. The 3 most-recent analyst ratings were released ...