Okta (OKTA) Ascends But Remains Behind Market: Some Facts to Note

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 ...