SAN FRANCISCO--(BUSINESS WIRE)--Okta Ventures, the venture investment arm of Okta, Inc. (NASDAQ:OKTA), the leading independent identity partner, proudly introduces "The Identity 25," an initiative that shines a spotlight on the trailblazers in the burgeoning field of digital identity. This inaugural report is a testament to the collective efforts of innovators who are tirelessly working towards building simpler, more secure, and scalable identity-centric technologies. In a world where every digital exper ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for moment ...

The stock market has been performing remarkably well within the last year due to several factors, including reduced inflation, which has caused the Federal Reserve to change its tone when it comes to interest rate hikes. Between March 2022 and July 2023, the Fed raised interest rates 11 times. But, they predict that interest rate cuts by the end of 2024. There has also been strong development in multiple sectors, most notably within the technology industry.Momentum stocks are great during a bull market beca ...

Shares of Okta (OKTA 0.30%) rose 29.9% last month, according to data provided by S&P Global Market Intelligence. The cybersecurity stock was buoyed by an impressive quarterly earnings report. Okta's management team delivered impressive cost controls and fueled optimism about the company's ability to generate cash flow.Fundamentals drove the gainsAny move higher is generally welcomed by investors, but it's even sweeter when returns are driven by fundamentals rather than speculation. Companies that report str ...

Okta (OKTA) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this cloud identity management company have returned +30.3%, compared to the Zacks S&P 500 composite's +3.2% change. During this period, the Zacks Internet - Software and Services industry, which Okta falls in, has gained 0.1%. The key question now is: What could be the stock's future direction?W ...

Okta (OKTA 1.78%) is winning its way back into Wall Street's good graces. Shares jumped over 20% immediately following the cybersecurity specialist's fourth-quarter earnings report. Okta stock is up 50% in the past full year, nearly doubling the return in the rallying S&P 500 over that time.Let's dive right into the report for the biggest takeaways on Okta's operating momentum.1. Subscription growthThe good times are rolling for software-infrastructure businesses that cater to large customers, and Okta is c ...

Key PointsOkta is a leading cybersecurity firm specializing in indent and access management (IAM) solutions that suffered security breaches in the latter part of 2023.The negative publicity caused shares to fall to a swing low of $65.04 in October 2023, causing investors to worry about its fiscal Q4 2024 earnings.Okta knocks it out of the park with its fiscal Q4 2024 performance and raises fiscal 2025 top and bottom line guidance.5 stocks we like better than OktaOkta Inc. NASDAQ: OKTA is a cybersecurity com ...

Okta, Inc. (NASDAQ:OKTA) KeyBanc Capital Markets 2024 Emerging Technology Summit March 6, 2024 12:30 PM ET Company Participants Monty Gray - EVP, Corporate Development Conference Call Participants Eric Heath - KeyBanc Capital Markets Inc. Eric Heath All right. So welcome, everybody. Thanks for joining our fireside chat here with Okta today. I'm Eric Heath, senior software analyst here at KeyBanc. So Monty, I really appreciate you doing this. Monty Gray Yeah. Thanks for having me. Question-and-Answer Session ...

Investors might want to bet on Okta (OKTA) , as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook.The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this cloud identity management company, should get reflected in its stock price. After all, empirical research shows a strong correlati ...

Okta, Inc. (NASDAQ:OKTA) Morgan Stanley Technology, Media & Telecom Conference Call March 5, 2024 11:00 AM ET Company Participants Brett Tighe - Chief Financial Officer Conference Call Participants Hamza Fodderwala - Morgan Stanley Hamza Fodderwala Good morning, everybody. Welcome to Day 2 of the Morgan Stanley TMT Conference. I'm Hamza, the cybersecurity analyst here at Morgan Stanley. With me, I have the pleasure of having the CFO of Okta, Brett Tighe. Brett, thank you so much for joining. Brett Tighe Tha ...