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 ...

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.Over the past month, shares of this cloud identity management company have returned +30.3%, compared to the Zacks S&P 500 composite's +3.2% change. During this period, the Zacks Internet - Software and Services industry, which Okta falls in, has gained 0.1%. The key question now is: What could be the stock's future direction?W ...

Okta (OKTA 1.78%) is winning its way back into Wall Street's good graces. Shares jumped over 20% immediately following the cybersecurity specialist's fourth-quarter earnings report. Okta stock is up 50% in the past full year, nearly doubling the return in the rallying S&P 500 over that time.Let's dive right into the report for the biggest takeaways on Okta's operating momentum.1. Subscription growthThe good times are rolling for software-infrastructure businesses that cater to large customers, and Okta is c ...

Key PointsOkta is a leading cybersecurity firm specializing in indent and access management (IAM) solutions that suffered security breaches in the latter part of 2023.The negative publicity caused shares to fall to a swing low of $65.04 in October 2023, causing investors to worry about its fiscal Q4 2024 earnings.Okta knocks it out of the park with its fiscal Q4 2024 performance and raises fiscal 2025 top and bottom line guidance.5 stocks we like better than OktaOkta Inc. NASDAQ: OKTA is a cybersecurity com ...