I am a full-time analyst interested in a wide range of stocks. With my unique insights and knowledge, I hope to provide other investors with a contrasting view of my portfolio, given my particular background.If you have any questions, feel free to reach out to me via a direct message on Seeking Alpha or leave a comment on one of my articles.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the ...

Okta (OKTA) shares have appreciated 8.9% in a month, outperforming the broader Zacks Computer & Technology sector’s return of 3.5% and the Zacks Internet Software and Services industry’s gain of 6.3%.OKTA’s portfolio strength is noteworthy, with strong demand for new products like Okta identity governance and Okta privileged access amid a challenging macroeconomic environment. An expanding clientele, driven by the strong adoption of its Identity Threat Protection solution, is a key catalyst for growth-orien ...

After reaching an important support level, Okta (OKTA) could be a good stock pick from a technical perspective. OKTA surpassed resistance at the 20-day moving average, suggesting a short-term bullish trend.The 20-day simple moving average is a popular investing tool. Traders like this SMA because it offers a look back at a stock's price over a shorter period and helps smooth out price fluctuations. The 20-day can also show more trend reversal signals than longer-term moving averages.Similar to other SMAs, i ...

This cybersecurity company is growing in all the right places.*Stock prices used were the afternoon prices of Dec. 16, 2024. The video was published on Dec. 18, 2024. ...

JR Research is an opportunistic investor. He was recognized by TipRanks as a Top Analyst. He was also recognized by Seeking Alpha as a "Top Analyst To Follow" for Technology, Software, and Internet, as well as for Growth and GARP. He identifies attractive risk/reward opportunities supported by robust price action to potentially generate alpha well above the S&P 500. He has also demonstrated outperformance with his picks. He focuses on identifying growth investing opportunities that present the most attracti ...

Okta (OKTA) closed the last trading session at $81.99, gaining 11.3% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $103.30 indicates a 26% upside potential.The mean estimate comprises 33 short-term price targets with a standard deviation of $13.98. While the lowest estimate of $75 indicates an 8.5% decline from the current price level, the most optimistic analyst expects the stoc ...

Okta Inc OKTA shares were climbing on Wednesday after the company reported upbeat third-quarter results.The company reported its results amid an exciting earnings season. Here are some key analyst takeaways.BMO Capital Markets On OktaAnalyst Keith Bachman reiterated a Market Perform rating while lifting the price target from $103 to $105.Okta generated revenue growth of 14% year-on-year, exceeded consensus of 11%, Bachman said in a note. "We believe Okta executed well against a macro that remains characteri ...

Key TakeawaysOkta reported earnings and revenue that exceeded estimates as the business security software provider's subscriptions grew.The company also predicted current-quarter adjusted EPS and sales that were above forecasts.CEO Todd McKinnon said the results were "underpinned by continued strong profitability and cash flow." Shares of Okta (OKTA) rose Wednesday, a day after the business security software provider posted better-than-expected results and current-quarter guidance as subscription revenue ro ...

Michael Wiggins De Oliveira is an inflection investor. This means buying into cheap companies at the moment when their narrative is changing and the business is on a path toward becoming significantly more profitable over the next year.With a focus on tech and “the Great Energy Transition (including uranium)”, Michael runs a concentrated portfolio with approximately 15 to 20 stocks and an average holding period of 18 months. Through his 10+ years analyzing countless companies, Michael has accumulated outsta ...

Financial Data and Key Metrics - Q3 results highlighted strong profitability and cash flow driven by continued spend efficiencies [7] - Total revenue growth for Q4 FY25 is expected to be 10% to 11%, with current RPO growth of 9%, non-GAAP operating margin of 23%, and free cash flow margin of approximately 32% [19] - Full-year FY25 outlook raised to total revenue growth of 15%, non-GAAP operating margin of 22%, and free cash flow margin of approximately 25% [19] - Preliminary FY26 outlook estimates total revenue of $2.77 billion to $2.78 billion, representing growth of approximately 7%, with a non-GAAP operating margin of at least 22% and free cash flow margin of at least 24% [20][21] Business Line Performance - The cohort of $1 million+ ACV customers continues to be the fastest-growing segment, now representing approximately $1 billion in ACV [9][11] - Upsell and cross-sell activity was strong in Q3, with workforce customers buying more workforce products and customer identity products [11] - Approximately 15% of Q3 bookings came from new products, including Okta Identity Governance, Privileged Access, Device Access, Fine Grain Authorization, Identity Threat Protection, and Identity Security Posture Management [18] Market Performance - The public sector remains a strong area, with half of the top 10 deals in Q3 coming from the U.S. Federal vertical [9][10] - The company made significant progress in the public sector, with a $5 million ARR deal with a large North American technology company and a significant deal with the U.S. Department of Defense [36][105] Strategy and Industry Competition - The company is deepening its relationship with its partner ecosystem, with all top 10 deals in Q3 involving partners, representing approximately $20 million in ACV [8][10] - Okta is advancing its vision of providing secure identity solutions through product innovation, including the expansion of its Okta Secure Identity Commitment [12] - The company was recognized as a leader in the 2024 Gartner Magic Quadrant for Access Management for the eighth consecutive year [13] - Go-to-market specialization is a key focus, with plans to further specialize the global go-to-market strategy to align with IT security and developer buying centers [14][15] Management Commentary on Operating Environment and Future Outlook - The macro environment remains consistent, with organizations scrutinizing budgets and rationalizing software spend, leading to lower assumptions for seats and MAUs [17] - The company is optimistic about the direction of the business, with a focus on security, growth, and scale [15] - The threat environment is increasingly hostile, with identity becoming a primary attack vector, making Okta's technology more important than ever [12] Other Important Information - The company showcased over 30 products, features, and capabilities at its Octane event, with in-person attendance up over 25% compared to last year [12] - The company is investing in AI-driven products like Identity Threat Protection, which uses AI to monitor security risks throughout a session [51] Q&A Session Summary Question: Guidance and Conservatism - The company is no longer incorporating additional conservatism in its guidance related to the October 2023 security incident, with FY25 revenue growth now expected to be 15%, up from the initial 10% guidance [23][27] - The company expects a more balanced approach to guidance in the future, with growth slowing as the company matures [29] Question: Partner Ecosystem and Large Deals - The company is seeing strong progress with its partner ecosystem, with all top 10 deals in Q3 involving partners, including GSIs, ISVs, marketplaces, and traditional VARs [37][38] - A significant $5 million ARR deal with a large North American technology company was driven by Zero Trust transformation, with more phases expected to follow [36] Question: New Products and Net Retention - Approximately 15% of Q3 bookings came from new products, with Okta Identity Governance representing one-third of the contract value in workforce deals [18][49] - Net retention rates are under pressure due to lower seat and MAU assumptions, but the company expects this to stabilize as newer products gain traction [54] Question: Go-to-Market Specialization - The company is planning further specialization in its global go-to-market strategy, with a focus on aligning with IT security and developer buying centers [14][80] - The company expects this specialization to drive growth, with potential short-term cost increases outweighed by long-term growth benefits [79] Question: Customer Identity Performance - The Customer Identity business is now over $1 billion, with growth driven by customer experience improvements and security needs [86] - The company is focusing on developer-facing markets to accelerate growth in this segment [88] Question: International Business - The international business has faced tougher macroeconomic conditions, particularly in Europe, but the company sees significant growth opportunities and is investing in partnerships to drive growth [162][164] Question: Emerging Products and Pricing - The company is exploring simplified pricing models for its emerging products, with a focus on good, better, best pricing tiers [158] - Products like Privileged Access and Identity Threat Protection are expected to provide significant pricing uplifts, similar to Okta Identity Governance [155]