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. Read More
After a sharp Tuesday rally fueled by optimism over improved U.S.-EU trade ties, Wall Street stalled midweek as rising Treasury yields reasserted pressure ahead of Nvidia Corp.
Okta Inc (NASDAQ:OKTA) shares are falling Wednesday after the company reported first-quarter financial results and provided cautious forward-looking commentary. Multiple analysts also lowered price targets following the report.
Analysts at Jefferies highlighted that while Okta’s Q1 results were healthy, the company’s guidance for current remaining performance obligations in the second quarter was a surprise.
Okta, Inc. (Nasdaq: OKTA), the leading independent identity partner, today announced that members of its management team are scheduled to participate in upcoming investor conferences.
Identity management software maker Okta (OKTA) reported Q1 CY2025 results exceeding the market’s revenue expectations, with sales up 11.5% year on year to $688 million. The company expects next quarter’s revenue to be around $711 million, close to analysts’ estimates. Its non-GAAP profit of $0.86 per share was 11.5% above analysts’ consensus estimates.
