As technology advances and its adoption becomes more and more massive, technological threats also grow. As important as it is to have good security in our homes so any intruder can not enter, we must do the same with our digital information — practically considered the gold of the new century. For this, we have cybersecurity companies in charge of doing the job very well. Here are three cybersecurity stocks you can consider adding to your portfolio.Okta (OKTA)Source: Poetra.RH / Shutterstock.comWe start the ...

In the latest trading session, Okta (OKTA) closed at $82.14, marking a -0.77% move from the previous day. The stock's change was less than the S&P 500's daily loss of 0.32%. Meanwhile, the Dow experienced a drop of 0.71%, and the technology-dominated Nasdaq saw a decrease of 0.2%.Shares of the cloud identity management company have appreciated by 0.39% over the course of the past month, underperforming the Computer and Technology sector's gain of 9.33% and the S&P 500's gain of 4.59%.Investors will be eager ...

Okta is slashing 7% of its workers as part of a restructuring. The layoffs, announced Thursday, will result in approximately 400 Okta employees losing their jobs, according to a filing with the Securities and Exchange Commission (SEC).In a statement to FOX Business, Okta called it a "very difficult decision but necessary to fulfill our commitment to profitable growth while running the business with greater efficiency." The identity technology company informed affected employees on Thursday after CEO Todd Mc ...

Headlines of layoffs in the tech sector continue to roll in. Today’s latest contributor to the revolving door that is the U.S. technology sector is Okta (NASDAQ:OKTA). This latest round of Okta layoffs will affect around 400 employees, with the company cutting around 7% of its staff in this latest cut.Notably, this move follows a previous round of layoffs a year prior. The company is seeking increased profitability and the ability to invest in its core high-growth segments. January can be a month in which i ...

Identity security company Okta told its staff on Thursday it will cut as many as 400 employees, while Zoom reportedly plans to slash 150 positions—the latest in a string of job cuts this year that have rocked the tech industry, including at Microsoft, Amazon, eBay and PayPal, following a parade of layoffs in 2022 and 2023.Okta CEO Todd McKinnon announced in a Securities and Exchange Commission filing that the identity management company will reduce its head count by roughly 400 employees (7% of its workforc ...

Identity security company Okta told its staff on Thursday it will cut as many as 400 employees, the latest in a string of job cuts this year that have rocked the tech industry, including at Microsoft, Amazon, eBay and PayPal, following a parade of layoffs in 2022 and 2023.Okta CEO Todd McKinnon announced in a Securities and Exchange Commission filing that the identity management company will reduce its head count by roughly 400 employees (7% of its workforce), acknowledging the “reality is that costs are st ...

Okta Inc (NASDAQ: OKTA) is in focus this morning after announcing plans of lowering its headcount by about 7.0%.How many employees will be laid offCopy link to sectionThe cybersecurity company will lay off some 400 of its employees in total as “costs are still too high”. Okta has to be more “thoughtful about where we place our bets” for long-term success, Todd McKinnon – its chief executive said in a message to his staff on Thursday.The news arrives only days after Microsoft Corp said it will cut 9.0% of th ...

Shares of Okta Inc. OKTA, -3.20% rallied 3.2% in premarket trading Thursday, after the identity software company said it would lay off about 7% of its workforce, as part of a restructuring aimed at improving efficiencies and profitability. The company disclosed in an 8-K filing with the Securities and Exchange Commission that the restructuring involves cutting 400 full-time jobs. That will result in restructuring charges of $24 million in the fiscal fourth quarter for employee severance and benefits costs, ...

Identity management company Okta said on Thursday in a message to employees that it would lay off 400 employees, about 7% of the company's headcount. The firm also reaffirmed its fourth quarter and full-year guidance in a securities filing.CEO Todd McKinnon said in his message that the "reality is that costs are still too high."Read McKinnon's full message below.Hi Everyone,After a thoughtful FY25 business planning process, the leadership team and I have made the difficult decision to implement a workforce ...

Okta (OKTA) closed the most recent trading day at $84.51, moving -0.65% from the previous trading session. The stock fell short of the S&P 500, which registered a gain of 0.53% for the day. On the other hand, the Dow registered a gain of 0.64%, and the technology-centric Nasdaq increased by 0.19%.Shares of the cloud identity management company witnessed a loss of 6.11% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 5.21% and the S&P 500's gain of 2.4 ...