This summary was created by AI, based on 3 opinions in the last 12 months.
Okta, Inc. has recently reported great numbers and raised their quarter, leading to a rise in shares. However, a major hack involving employee credentials has raised concerns. While the company operates in a promising space, heavy competition and street expectations may be impacting investor confidence. Overall, there is potential for growth but also a need for the company to 'show and prove' to investors.
Reported two weeks ago: great numbers with a clean beat and raised their quarter. Shares popped and can continue to rise, but a recent major hack involved cracking a company network by breaking into an employee's Okta logging credentials.
Has been following company closely.
Identity verification a good space to be in.
Heavy competition from Microsoft etc.
Potential for company to be bought.
"Show and prove" story for investors.
Waiting for results before buying.
Delivered a beat and raised guidance, but the street focussed on the amount of business they have not done, a number which missed expectations. The street sees slowing business ahead. Doesn't help that shares were hot going into the quarter.
Okta, Inc. is a American stock, trading under the symbol OKTA-Q on the NASDAQ (OKTA). It is usually referred to as NASDAQ:OKTA or OKTA-Q
In the last year, there was no coverage of Okta, Inc. published on Stockchase.
Okta, Inc. was recommended as a Top Pick by on . Read the latest stock experts ratings for Okta, Inc..
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
0 stock analysts on Stockchase covered Okta, Inc. In the last year. It is a trending stock that is worth watching.
On 2024-10-21, Okta, Inc. (OKTA-Q) stock closed at a price of $74.04.
Privacy breach. Has to earn back respect from the marketplace, because a lot of people got burned. 12-month price target of $118. Wait for earnings to come out and see if it can repair damage to its integrity.