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4 Takeaways From Okta's Fantastic Quarter
OKTAOkta(OKTA) The Motley Fool·2024-03-07 12:46

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 ...