The cloud identity management company's stock has climbed by 0.8% in the past month, exceeding the Computer and Technology sector's loss of 5.32% and the S&P 500's loss of 1.16%. Investors should also pay attention to any latest changes in analyst estimates for Okta. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability. Looking at valuation, Okta is presently ...

We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movemen ...

Heading into today, shares of the cloud identity management company had gained 8.55% over the past month, outpacing the Computer and Technology sector's loss of 3.88% and the S&P 500's gain of 1.08% in that time. For the full year, the Zacks Consensus Estimates project earnings of $2.40 per share and a revenue of $2.53 billion, demonstrating changes of +50% and +11.91%, respectively, from the preceding year. Based on our research, we believe these estimate revisions are directly related to near-team stock m ...

The the stock of cloud identity management company has risen by 3.92% in the past month, lagging the Computer and Technology sector's gain of 9.48% and the S&P 500's gain of 5.11%. Investors should also take note of any recent adjustments to analyst estimates for Okta. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook. In terms of valuation, Okta i ...

da-kuk/E+ via Getty Images Introduction & Investment Thesis Okta (NASDAQ:OKTA) is a cloud-based identity and access management company that has underperformed the S&P 500 and Nasdaq 100 YTD. I had last written about the company on April 23 and had rated the stock a "buy". My thesis was predicated on my belief that the company should be able to reignite growth back into the business as it realigns its sales team and leverages its partner ecosystem to drive customer acquisition and expansion efforts, along wi ...

FY25 Q1 Presentation OKTA saw current remaining performance obligations grow 15% YoY to $1.949 billion, surpassing guidance for 13% growth. That strong result may indicate that revenue growth should remain in the double-digits at least in the near term. RPO Up 14% Y/Y; Current RPO Up 15% Y/Y ($ in millions) $3,073 $3,027 $3,007 $2,942 $2,853 $2,790 $2,710 $1,952 $1,826 $1,772 $1,701 $1,684 $1,579 $1,497 $1,413 Q1 FY24 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Q2 FY24 Q3 FY24 Q4 FY24 ■ Current RPO ■ Non-Current RPO Qu ...

Okta (OKTA) is benefiting from an expanding clientele driven by the strong adoption of its Identity Threat Protection solution. It exited the first quarter of fiscal 2025 with the total customer count increasing 6% year over year to 19,100. Okta's expanding user base has been a key catalyst. It is protecting customers by blocking more than 2 billion security attacks a month, and expects these numbers to grow. However, the current level at which Okta shares are trading doesn't reflect these positive factors ...

Okta, Inc. (NASDAQ:OKTA) NASDAQ Investor Conference June 11, 2024 4:30 AM ET Company Participants Brett Tighe - Chief Financial Officer Dave Gennarelli - VP of IR Conference Call Participants Joseph Gallo - Jefferies Joseph Gallo Hi, I’m Joe Gallo. I lead Cyber Research at Jefferies. Thank you all for attending. Today we are delighted to have Brett Tighe, CFO at Okta. He's been there for almost a decade. Before that he was also at salesforce.com, for I believe, 11 years in various finance roles. And then we ...

Therefore, the Zacks rating upgrade for Okta basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price. Most Powerful Force Impacting Stock Prices Okta (OKTA) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices. The sole determinant of the Zacks rating is a compan ...

Okta stock is down 30% in the past five years. In this video, I will go over Okta's (OKTA 1.07%) recent earnings report and explain why some analysts believe the stock is cheap. *Stock prices used were from the trading day of June 3, 2024. The video was published on June 4, 2024. ...