Okta (OKTA) Rises As Market Takes a Dip: Key Facts

Company Performance - Okta's stock closed at $94.21, reflecting a +0.48% change from the previous trading day, outperforming the S&P 500's loss of 0.51% [1] - Over the past month, Okta's shares gained 18.94%, significantly surpassing the Computer and Technology sector's gain of 0.79% and the S&P 500's gain of 2.87% [1] Upcoming Earnings - Analysts predict Okta will report an EPS of$ 0.73, indicating a 15.87% growth year-over-year, with quarterly revenue expected to reach $668.8 million, up 10.55% from the previous year [2] Fiscal Year Projections - For the fiscal year, earnings are projected at$ 2.77 per share and revenue at $2.6 billion, representing increases of +73.13% and +14.75% respectively from the prior year [3] Analyst Estimates and Stock Performance - Recent estimate revisions for Okta are seen as a positive indicator of the company's business outlook, with upward shifts in estimates linked to stock price performance [4][5] Zacks Rank and Valuation - Okta currently holds a Zacks Rank of 2 (Buy), with a recent upward shift of 3.83% in the consensus EPS estimate [5] - The company has a Forward P/E ratio of 33.87, which is higher than the industry average of 17.84, indicating it is trading at a premium [6] Industry Context - The Internet - Software and Services industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 89, placing it in the top 36% of over 250 industries [7]