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An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

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Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

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 Q4 2021

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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.

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SAN FRANCISCO--(BUSINESS WIRE)--Okta, Inc. (NASDAQ:OKTA), the leading independent identity provider, today announced its sponsorship of Firstboard.io, a curated group of experienced women board directors and board-ready accomplished tech executives. Through this collaboration, Okta will support Firstboard.io as they increase the number of women technology leaders on boards to pave the way for more gender diversity and leadership in business. According to the U.S. Technology Spencer Stuart Board.

Okta Sponsors Firstboard.io to Support Talent Diversification at the Highest Levels

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In an era where digital threats loom large, the demand for smart cybersecurity stocks has never been this high. Investors are paying attention, as according to Fortune Business Insights, the global market for cybersecurity services and products was valued at $172.32 billion last year and is expected to skyrocket to $424.97 billion by 2030.

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Wagering on the best cybersecurity stocks is more relevant than ever, given the surge in cyberattacks impacting major corporations. The breach of UnitedHealth (NYSE: UNH ) will probably be one of the most significant cybersecurity incidents in recent memory.

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Okta reported strong Q1 FY25 earnings, with revenue growing 19% YoY and non-GAAP operating income increasing 270% YoY. The company is seeing success winning large customer deals, particularly in the public sector, while customers with $100K+ in ACV grew 11.5% YoY to 4550 customers. Plus, its cRPO exceeded management's expectations in Q1, indicating that its go-to-market efforts to realign its sales team and leverage its partner ecosystem are starting to bear fruit.

Okta: Upmarket Momentum Should Reignite Investor Confidence

Okta is showing signs of accelerating growth rates, and solid cRPO growth suggests continued strength ahead. Investors may have missed that OKTA is quite close to GAAP profitability. The stock looks attractive given the conservative outlook and strong financial metrics.

Okta: The Turnaround Is Underway (Ratings Upgrade)

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SAN FRANCISCO--(BUSINESS WIRE)--Okta appoints Anthony Bates, Chairman and Chief Executive Officer of Genesys Cloud Services, Inc., to the company's board of directors.

Okta Names Anthony Bates to Board of Directors

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OKTA is benefiting from an expanding clientele, driven by the strong adoption of its Identity Threat Protection solution, which makes it an attractive pick.

OKTA Identity Solutions Gains Users: Should You Buy the Stock?

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Okta, Inc. (NASDAQ:OKTA ) NASDAQ Investor Conference June 11, 2024 4:30 AM ET Company Participants Brett Tighe - Chief Financial Officer Dave Gennarelli - VP of IR Conference Call Participants Joseph Gallo - Jefferies Joseph Gallo Hi, I'm Joe Gallo. I lead Cyber Research at Jefferies.

Okta, Inc. (OKTA) Management Presents at NASDAQ Investor Conference (Transcript)

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Okta (OKTA) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

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Okta (OKTA) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

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News for Okta Stock (OKTA)