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 ...

Summary of Okta, Inc. (NASDAQ:OKTA) Investor Conference Call Company Overview - **Company**: Okta, Inc. - **Industry**: Cybersecurity and Identity Management - **Fiscal Year 2025 Revenue Guidance**: Over $2.5 billion, growing approximately 12% [3][4] Core Business Segments - **Workforce Identity**: Secures identities of customers, employees, and partners - **Customer Identity**: Secures identities of customers' customers - **Total Addressable Market (TAM)**: Estimated at $80 billion, with workforce identity at $50 billion and customer identity at $30 billion [3] Financial Performance - **Operating Margin**: Non-GAAP operating margin projected at 19% to 20% - **Free Cash Flow Margin**: Approximately 22% [4] Macro Environment and Market Dynamics - **Current Macro Environment**: Described as a headwind, affecting new customer acquisition and budget allocations [6][7] - **Customer Segmentation**: Enterprise customers are performing better than SMBs, with public sector also showing strength [7] - **AI Impact**: No significant cannibalization of cybersecurity budgets by AI observed [8] Growth Strategies - **Top Strategic Initiatives**: 1. **Security**: Enhancing security offerings 2. **Reigniting Growth**: Introduction of new products and expanding partner ecosystem 3. **Scaling Organization**: Improving operational leverage [10] - **New Product Development**: Focus on governance, Privileged Access Management (PAM), and customer identity enhancements [10][12] - **Partnership Expansion**: Increased focus on cloud service providers like AWS, with $175 million in Annualized Contract Value (ACV) growing 130% year-over-year [11][16] Sales and Marketing - **Hunter-Farmer Model**: Implemented to improve sales efficiency in the SMB segment, separating new customer acquisition from existing customer management [13][21] - **Sales Capacity**: Current capacity deemed sufficient, with a focus on improving productivity before hiring more [21] Competitive Landscape - **Customer Identity Market**: Competitive dynamics involve a buy vs. build approach, with a focus on developer engagement as a key growth driver [28][30] - **Market Positioning**: Emphasis on the need for customers to purchase identity solutions rather than building them in-house [31] Product Announcements and Innovations - **Key Product Focus**: Continuous authentication and posture management as critical security offerings [43][44] - **Governance Tool**: Early success with hundreds of customers, but still a small portion of the overall customer base [37] Security Incident Response - **Past Incident**: Acknowledgment of a security incident in October, with ongoing efforts to enhance security measures and customer trust [49] - **Impact on Business**: No quantifiable evidence of financial impact from the incident, but potential long-term effects on customer perception acknowledged [51] Future Outlook - **Long-Term Growth Potential**: Despite current macro challenges, the company is focused on product development, partnerships, and operational improvements to drive future growth [55] Conclusion - **Overall Sentiment**: While facing macroeconomic headwinds, Okta remains committed to leveraging its product innovations and partnerships to capture growth opportunities in the cybersecurity and identity management market.

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. ...

Okta (OKTA) has been on a downward spiral lately with significant selling pressure. After declining 8.2% 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. Guide to Identifying Oversold Stocks We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is ove ...

Here's why the stock fell despite strong results and raised guidance. Share prices of Okta (OKTA -0.15%) slid following its fiscal 2025 first-quarter earnings report (for the quarter ending April 30) despite the cybersecurity company reporting strong revenue growth and increasing guidance. Let's dive into the company's most recent results to see why the stock fell and whether or not this is a great time to buy. A beat-and-raise quarter Okta's overall revenue climbed 19% year over year in Q1 to $617 million, ...

Key Points Okta, Inc. NASDAQ: OKTA shares are down more than 5% following its Q1 results and have the market at a critical turning point aligning with prior resistance and current support targets. A move below this level could send the market back to its recent lows, a rebound back to the recent highs. The question is, what is the market more likely to do? The answer is to move lower. The results provided a beat-and-raise scenario that should support the market, but there is a problem. Demand for software s ...

Okta, Inc. (OKTA) reported first-quarter fiscal 2025 earnings of 65 cents per share, comfortably beating the Zacks Consensus Estimate by 20.37%. It reported earnings of 22 cents per share in the year-ago quarter. Total revenues increased 19.1% year over year to $617 million and surpassed the consensus mark by 2.1%. The year-over-year upside can be attributed to higher subscription revenues. Okta shares were up 5.62% in after-hours trading. Shares have gained 6.5% year to date, underperforming the Zacks Comp ...

For the quarter ended April 2024, Okta (OKTA) reported revenue of $617 million, up 19.1% over the same period last year. EPS came in at $0.65, compared to $0.22 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $604.33 million, representing a surprise of +2.10%. The company delivered an EPS surprise of +20.37%, with the consensus EPS estimate being $0.54. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they c ...