Okta (OKTA) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this cloud identity management company have returned -9.8% over the past month versus the Zacks S&P 500 composite's -1.1% change. The Zacks Internet - Software and Services industry, to which Okta belongs, has lost 11.2% over this period. Now the key question is: Where could the stock be headed in the near term?Altho ...

Okta (OKTA) closed the most recent trading day at $95.01, moving +0.83% from the previous trading session. The stock's change was more than the S&P 500's daily gain of 0.03%. Meanwhile, the Dow gained 0.41%, and the Nasdaq, a tech-heavy index, added 0.12%.The cloud identity management company's stock has dropped by 11% in the past month, falling short of the Computer and Technology sector's loss of 0.55% and the S&P 500's loss of 0.9%.Market participants will be closely following the financial results of Ok ...

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.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.The power of a changing earnings ...

Okta (OKTA) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Shares of this cloud identity management company have returned -6.2% over the past month versus the Zacks S&P 500 composite's +1.6% change. The Zacks Internet - Software and Services industry, to which Okta belongs, has lost 8.1% over this period. Now the key question is: Where could the stock be headed in the near term ...

Cybersecurity continues to be one of the hottest sectors. It represents an increasing need in the emerging age of AI that grows at a nearly exponential rate. The threats are becoming more sophisticated. Therefore, cybersecurity is no longer a nice-to-have, particularly for organizations managing a remote/hybrid workforce. This is particularly evident in the rapidly increasing zero trust space.  Unlike many sectors, it’s difficult to find cybersecurity stocks that are undervalued by traditional metrics. Ther ...

Okta (OKTA) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock. Shares of this cloud identity management company have returned +30% over the past month versus the Zacks S&P 500 composite's +3.6% change. The Zacks Internet - Software and Services industry, to which Okta belongs, has gained 6.4% over this period. Now the key question is: Where could the stock be headed in the near te ...

SAN FRANCISCO--(BUSINESS WIRE)--Okta Ventures, the venture investment arm of Okta, Inc. (NASDAQ:OKTA), the leading independent identity partner, proudly introduces "The Identity 25," an initiative that shines a spotlight on the trailblazers in the burgeoning field of digital identity. This inaugural report is a testament to the collective efforts of innovators who are tirelessly working towards building simpler, more secure, and scalable identity-centric technologies. In a world where every digital exper ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for moment ...

The stock market has been performing remarkably well within the last year due to several factors, including reduced inflation, which has caused the Federal Reserve to change its tone when it comes to interest rate hikes. Between March 2022 and July 2023, the Fed raised interest rates 11 times. But, they predict that interest rate cuts by the end of 2024. There has also been strong development in multiple sectors, most notably within the technology industry.Momentum stocks are great during a bull market beca ...

Shares of Okta (OKTA 0.30%) rose 29.9% last month, according to data provided by S&P Global Market Intelligence. The cybersecurity stock was buoyed by an impressive quarterly earnings report. Okta's management team delivered impressive cost controls and fueled optimism about the company's ability to generate cash flow.Fundamentals drove the gainsAny move higher is generally welcomed by investors, but it's even sweeter when returns are driven by fundamentals rather than speculation. Companies that report str ...