Key Details
Price
$97.40Annual ROE
-6.25%Beta
1.43Events Calendar
Next earnings date:
Feb 28, 2025Recent quarterly earnings:
Dec 3, 2024Recent annual earnings:
Feb 28, 2024Next ex-dividend date:
N/ARecent ex-dividend date:
N/ANext split:
N/ARecent split:
N/AAnalyst ratings
Recent major analysts updates
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Okta (OKTA) finished the last trading day at $97.47, which is an increase of 0.02% compared to the day before.
Okta (OKTA) has been getting a lot of interest from users on Zacks.com recently. It's important to understand the factors that could affect the future of the stock.
Okta, a major company in access and identity management in the U.S., announced on Tuesday that it has laid off 180 employees, as reported by TechCrunch. This comes a little over a year after the company reduced its workforce by 400.
Okta has bounced back from its decline in 2021-2022 thanks to major investments in research and development, smart acquisitions, and a stronger focus on the enterprise market, which has improved its products and customer loyalty. Financially, the company has seen steady revenue growth and became profitable in late 2024, with expectations for continued economic success. On the technical side, Okta's stock has surpassed important resistance levels and could rise to $111 if it remains above $86.
Okta has a strong free cash flow, high gross margins, and a stable subscription base, which makes it undervalued at about $94 per share, despite facing some short-term challenges. Even with competition and integration issues, Okta's financial performance shows improving profit margins and a good growth path, indicating potential for high returns. The market tends to undervalue Okta because it is often compared to other unprofitable SaaS companies, overlooking its solid free cash flow and effective spending.
Okta (OKTA) finished the latest trading session at $94.21, which represents a 0.48% increase from the previous day's closing price.
On the most recent trading day, Okta (OKTA) closed at $94, which is a decrease of 0.98% compared to its last closing price.
The increasing use of OKTA's Identity Threat Protection solution improves its outlook, even in a tough economic situation and with high valuations.
Okta (OKTA) closed at $88.62 on the most recent trading day, showing a decrease of 0.87% from its previous closing price.
Users of Zacks.com have been paying a lot of attention to Okta (OKTA) lately. Therefore, it's important to understand the key information that could influence the future of the stock.
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