But with growth stocks, any reduction in the expected growth rate of the company can cause shares to plummet. That’s why Okta is down today. However, the company is growing by double digits and has a very sticky business model, so this is a stock investors should buy and hold on to for the ride, even if it’s a little rocky from time to time.
What happened to Okta stock after the earnings report?
Shares of Okta (NASDAQ: OKTA) stock, the cloud-based cybersecurity company, crashed today despite beating expectations in its earnings report last night — down 10% as of 11:20 a., and m.
Is Okta (Okta) a great cybersecurity stock to buy in 2022?
Okta (OKTA) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
19 Wall Street analysts have issued 1-year target prices for Okta’s shares. Their forecasts range from $73.00 to $168.00. On average, they expect Okta’s share price to reach $132.22 in the next year. This suggests a possible upside of 30.7% from the stock’s current price.
What does okta inc do?
Okta, Inc. is a publicly traded identity and access management company based in San Francisco. It provides cloud software that helps companies manage and secure user authentication into applications, and for developers to build identity controls into applications, website web services and devices.
Okta is an enterprise-focused identity provider: they take care of managing usernames, passwords, and permissions so you can focus on your apps. If you’ve ever used “sign in with Google” to log into an app, you’ve used Single Sign On (SSO) – a way to outsource identity to third-party providers.
The company was founded by Todd Mc. Kinnon and J. Frederic Kerrest in 2009 and is headquartered in San Francisco, CA. Okta has received a consensus rating of Buy.
Each time a user tries to authenticate, Okta will verify their identity and send the required information back to your app. Use our SDKs or API to connect your apps, add users, configure rules, customize your sign-in page, and then monitor your services from our built-in reports. Take a look at just a few of Okta’s use cases:.
What can Okta do for it?
With Okta, IT can manage any employee’s access to any application or device. Okta runs in the cloud, on a secure, reliable, extensively audited platform, which integrates deeply with on-premises applications, directories, and identity management systems.
Okta developed SWA technology for those applications which do not support SSO. With okta we can manage access to any application on any device with any person either it may be employees or partner, etc. Subscribe to our youtube channel to get new updates..!
What is Okta’s mission statement?
Okta’s mission is to enable any organization to use any technology, and the company believes identity is the key to making that happen. Where are Okta’s corporate headquarters?
What is Okta authentication used for?
What is Okta Okta is a customizable, secure, and drop-in solution to add authentication and authorization services to your applications. Get scalable authentication built right into your application without the development overhead, security risks, and maintenance that come from building it yourself.
Workforces sign into Okta’s platform to seamlessly access the applications they need to do their most important work. Organizations use the Okta Identity Cloud to provide their customers with more modern experiences online and to connect with partners to streamline their operations.