Okta, Inc. is a leading identity and access management company that provides a robust platform for secure user authentication and authorization
It offers solutions that enable organizations to manage and secure user identities across various applications and devices, ensuring that the right individuals have the appropriate access to company resources. By leveraging advanced technologies like single sign-on and multi-factor authentication, Okta helps businesses enhance security, streamline user experiences, and simplify the management of user credentials, ultimately empowering them to operate more efficiently in a digital-first world.
What has Wall Street been buzzing about this week? Here is a look at the top 5 buy calls and the top 5 sell calls made by Wall Street's best analysts during the trading week of March 3-7, 2025.
Shares of identity management software maker Okta (OKTA)
jumped 22.6% in the afternoon session after the company delivered a solid fourth quarter earnings, beating Wall Street's expectations on both revenue and operating profit. A standout metric was the 25% year-on-year growth in remaining performance obligations (RPO), which exceeded analysts' estimates, and implied solid future sales as customers lock in long-term commitments.
Okta had a solid Q4, capping off a critical year in which analysts were reassured this company has what it takes to sustain double-digit growth through 2030.
Analysts noted that Okta’s sales productivity had reached a multi-year high and expressed increased confidence that its newer offerings have the potential to drive long-term revenue growth.
If Okta manages to hold on to its after-market gains when the markets open on Tuesday, it would be a nine-month high for the San Francisco-based identity solutions provider.
U.S. stocks plunged Tuesday as President Donald Trump‘s tariffs on key trade partners came into effect, prompting retaliatory measures and intensifying global trade tensions.
Identity management software maker Okta (OKTA) reported Q4 CY2024 results topping the market’s revenue expectations, with sales up 12.7% year on year to $682 million. Guidance for next quarter’s revenue was better than expected at $679 million at the midpoint, 1.3% above analysts’ estimates. Its non-GAAP profit of $0.78 per share was 6% above analysts’ consensus estimates.
Okta Inc (NASDAQOKTA) shares are trading higher Tuesday on the heels of the company's better-than-expected financial results. Multiple analysts also upgraded the stock and raised price targets following the print.
Okta reported fourth-quarter revenue of $682 million, beating analyst estimates of $669.46 million, according to Benzinga Pro. The cloud-native cybersecurity company reported adjusted earnings of 78 cents per share, beating analyst estimates of 74 cents per share.
