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Okta

Okta, Inc. engages in the provision of an identity management platform for enterprises. It operates through the United States and International geographical segments. The firm's products include single sign-on, multi-factor authentication, API access management, authentication, user management, and lifecycle management. The company was founded by Todd McKinnon and J. Frederic Kerrest in 2009 and is headquartered in San Francisco, CA.

Earnings data Q1 2022

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Okta reports strong Q1 performance amidst macro challenges and AI focus

Okta's Q1 performance demonstrated resilience amid macro challenges, driven by customer additions and product innovations. However, the company faces headwinds from macroeconomic impacts, leading to cautious outlook and strategic focus on AI integration and cross-selling opportunities.

Okta reports strong Q2 performance, eyes growth in Access Management

Okta's Q2 performance reflects strong customer growth and financial outlook, supported by successful product offerings. While facing challenges related to the macro environment and leadership roles, the company is well-positioned to capitalize on opportunities in Access Management and federal markets.

OKTA reports robust Q3 results, addresses security incident impact

OKTA's Q3 performance showcased strong financial metrics and raised outlooks for future revenue. The company faces challenges related to the recent security incident and macro headwinds but remains optimistic about long-term opportunities, particularly in international markets and product development.

Okta reports robust Q4 earnings, eyes growth in identity solutions

Okta's strong Q4 performance and strategic priorities for FY24 position the company for continued growth. While challenges like conservative growth guidance and new customer acquisition exist, opportunities in expanding product offerings and upselling present avenues for revenue growth. Okta's focus on simplicity, customer-centricity, and strategic alignment bode well for future success.

Okta reports robust Q1 earnings, eyes AI and cross-selling

Okta's Q1 2024 earnings call highlighted strong financial performance, product advancements, and strategic partnerships amidst macroeconomic challenges.
The company faces headwinds in net retention rates but sees potential in AI, legacy IAM replacement, and cross-selling opportunities for future growth.
Analysts raised questions on pricing strategy and management changes, indicating areas for Okta to address in navigating market uncertainties.
Overall, Okta's focus on innovation, customer expansion, and strategic positioning in the identity solutions space bodes well for its future growth trajectory.

Okta reports robust Q2 results amidst macro challenges and growth opportunities

Okta's Q2 performance reflects strong revenue growth, operational efficiency, and strategic product innovations.
While facing challenges in a volatile macro environment, the company is well-positioned to capitalize on opportunities in identity solutions.
With raised outlooks for the future, Okta's focus on customer wins, product expansions, and market positioning bodes well for sustained growth.
The ongoing search for a go-to-market President and the need to navigate macroeconomic uncertainties are key areas for Okta's continued success.

Okta reports robust Q3 results amidst security focus challenges

Okta reports strong financial performance in Q3 with positive revenue growth and improved free cash flow margin outlook for FY '24 and '25.
Despite challenges from delayed product launches and security incident impact, the company remains committed to enhancing security and customer trust.
Opportunities lie in new product introductions, international market expansion, and positive customer response to security measures and integrated workflows.

Okta reports record profitability in Q4, bullish on growth

Okta's Q4 performance showcased record profitability and strong financial metrics, with a positive outlook for Q1 and FY '25.
The company's strategic strengths lie in security focus, customer expansion, and successful product initiatives like Privileged Access Management.
Challenges include macroeconomic impacts and operational hurdles, while opportunities exist in specialized customer approaches and market expansion.

Okta reports robust Q1 performance amidst challenges and growth opportunities

Okta's Q1 2025 performance reflects strong financials, stable retention rates, and a focus on growth acceleration through new customer acquisition.
The company faces challenges from macro uncertainties, seat count fluctuations, and growth bottlenecks but is well-positioned for long-term success.
Opportunities in product innovation, strategic partnerships, and cross-selling initiatives position Okta for continued growth and market leadership in identity security solutions.

Okta reports robust Q2 earnings, eyes growth amid macro challenges

Okta's Q2 earnings call showcases strong financial performance, strategic focus on security, and growth initiatives. Despite macro challenges, the company remains profitable and expects revenue growth and margin improvement for the future.

Okta reports robust Q3 results, eyes global expansion amid challenges

Okta's Q3 performance reflects resilience and growth potential, supported by strong financials and customer retention strategies.
The company's focus on innovation, market expansion, and customer-centric approaches positions it well for future success.
Challenges in market dynamics and macroeconomic conditions require strategic adjustments, but Okta's proactive stance and diversified strengths offer opportunities for sustained growth.

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For those that may just be tuning into Okta, it's worth noting that the market utterly adored this business for the better part of a decade prior to 2022. The market doted on its exceptional growth and category-defining workforce identity product. Very, very notably, Okta is not the same company it was during that "better part of a decade."

Okta: OpenAI Likes It And So Do I

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CNBC's Jim Cramer said demand for cybersecurity is high, indicating a potential bull market for the sector.

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Okta (OKTA) closed the most recent trading day at $76.98, moving -1.32% from the previous trading session.

Why Okta (OKTA) Dipped More Than Broader Market Today

Okta, Inc. (NASDAQ:OKTA ) Investor Summit 2023 October 4, 2023 2:00 PM ET Company Participants Dave Gennarelli - VP, IR Todd McKinnon - CEO & Co-Founder Eugenio Pace - President, Business Operations Brett Tighe - CFO Conference Call Participants Keith Bachman - BMO Capital Markets John DiFucci - Guggenheim Securities Colin Ducharme - Sterling Capital Gray Powell - BTIG Robbie Owens - Piper Sandler Shaul Eyal - TD Cowen Brian Essex - JPMorgan Shrenik Kothari - Baird Luke Mott - Wolfe Research Dave Gennarelli All right. Welcome, everybody.

Okta, Inc. (OKTA) Investor Summit 2023 (Transcript)

One thing is clear this year: generative AI is having a tremendous impact on the software industry, and a week doesn't pass without software companies announcing their plans to incorporate the seemingly game changing technology into their platforms. This week, it's Okta's turn.

Okta plans to weave AI across its entire identity platform using multiple models

Okta, the U.S.-based identity mangement giant, announced today that it has acquired a password mangement app, Uno. The company said that Uno's team will help speed up the public launch of the Okta Personal tier, a password manager for consumers.

Okta acquires a16z-backed password manager Uno to develop a personal tier

SAN FRANCISCO--(BUSINESS WIRE)--Okta, Inc. (NASDAQ:OKTA), the leading independent identity partner, today announced the launch of a new initiative focused on finding and developing the best cybersecurity talent and providing equitable access to thriving careers in technology. Okta is committed to investing in two key areas, the first being $1.6 million in philanthropic grants out of the Okta for Good Fund, a donor-advised fund held at Tides Foundation, for organizations around the globe providi.

Okta Launches Cybersecurity Workforce Development Initiative to Help Close the Tech and Cybersecurity Skills Gap

SAN FRANCISCO--(BUSINESS WIRE)--Harness the power of AI to detect and allow automated responses to Identity threats across your tech ecosystem.

Okta Launches Identity Threat Protection with Okta AI for Real-Time Detection and Response

SAN FRANCISCO--(BUSINESS WIRE)--Okta passkey support enables developers to deliver phishing-resistant sign-up, and sign-in experiences for end users.

Okta Launches Passkey Support to Help Enterprises Unlock a Passwordless Future

SAN FRANCISCO--(BUSINESS WIRE)--Okta AI is AI for Identity. Powered by data from our extensive ecosystem, Okta AI delivers real-time Identity actions.

Okta Introduces Okta AI – Securely Connecting People to Technology in the AI Era

We maintain our buy rating on Okta, Inc. We expect Okta's macro-related shift in business mix to cross-selling products to its installed base, coupled with efforts to reduce expenses, will drive profitable growth into FY25. We think the identity market will be relatively resilient in spite of the macro uncertainty as the increased automation and digitalization post-A.I. boom expands the cyber-attack landscape.

Okta: We See Profitable Growth Toward FY2025

Okta stock is forging a new buy point. The cybersecurity leader is one of best stocks to watch in the ongoing stock market correction.

Cybersecurity Leader Okta Forges New Buy Point Amid Path To Profitability

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This cybersecurity stock is benefiting from a strong secular tailwind.

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Todd McKinnon, CEO of identity and access management company Okta, stressed the industry-wide severity of cyberattacks after one of its clients saw a breach.

News for Okta Stock (OKTA)