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OKTA Stock Rises 14% in 6 Months: What's Next for Investors?
OKTAOkta(OKTA) ZACKS·2024-07-30 18:25

Customers with more than 100KinAnnualContractValue(ACV)increased12100K in Annual Contract Value (ACV) increased 12% year over year to 4,550. OKTA added 400 new customers in the reported quarter, out of which 160 customers were in the 100K-plus ACV category. Cloud Native Application Protection Platforms, provided by the likes of CrowdStrike (CRWD) and Palo Alto Networks, witnessed the greatest year-over-year growth of 31.5%, followed by Identity and Access Management (IAM) at 21.4%. OKTA's revenues are expected to witness a CAGR of 25% between fi ...