Okta (OKTA) Soars 3.3%: Is Further Upside Left in the Stock?

Company Overview - Okta (OKTA) shares increased by 3.3% to $101.1 in the last trading session, with a higher-than-average trading volume, contrasting with a 0.2% loss over the past four weeks [1] - The company is experiencing growth due to an expanding partner base, a strong backlog, and an innovative product portfolio [1] Earnings Expectations - Okta is projected to report quarterly earnings of $0.84 per share, reflecting a year-over-year increase of 16.7% [2] - Expected revenues for the upcoming quarter are $711.04 million, which is a 10.1% increase compared to the same quarter last year [2] Stock Performance Insights - The consensus EPS estimate for Okta has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [3] - Okta currently holds a Zacks Rank of 2 (Buy), suggesting positive market sentiment [3] Industry Comparison - Okta is part of the Zacks Security industry, where another company, SentinelOne (S), closed 0.5% higher at $19.56, with an 8.1% return over the past month [3] - SentinelOne's consensus EPS estimate for its upcoming report is $0.03, representing a significant year-over-year increase of 200%, and it holds a Zacks Rank of 3 (Hold) [4]