Okta isn’t currently profitable, so most analysts would look to revenue growth to get an idea of how fast the underlying business is growing. Shareholders of unprofitable companies usually expect strong revenue growth.
Similarly, What is Okta net worth?
Okta net worth as of April 07, 2022 is $23.12B.
Is Okta losing money? For the full year, Okta’s net loss totaled $5.73 per share, nearly triple the $2.09 per share lost in fiscal 2021.
Thereof, Why is Okta not profitable?
This is likely due to several factors. First, the Federal Reserve has signaled that interest rate hikes may come sooner than previously expected. This has caused a downturn in growth stocks. Next, while revenue growth appears strong, it is coming through acquisitions, and not strictly organically.
Is Okta a good stock to buy?
OKTA Stock Price Predictions
Deutsche Bank has a “buy” rating on OKTA stock and a $195 price target, implying 15% upside. Raymond James also has a “buy” rating on Okta and a $260 price target, which would be 53% higher than the current share price.
What’s happening with Okta?
Okta reported a sparkling set of earnings for its fiscal year 2022 ended Jan. 31, 2022. Total revenue surged by 56% year over year to $1.3 billion, with subscription revenue climbing 57% year over year to $1.25 billion.
What happened Okta?
What happened. Early this morning, Reuters reported that cloud-based cybersecurity company Okta ( OKTA 4.81% ) was hacked by the now-infamous Lapsus ransomware group (aka « LAPSUS$ » aka « LAPSU$ »). Okta investors are understandably upset, and shares of the company’s stock are down 4.1% as of 10:50 a.m. EDT.
Why use Okta?
Use Okta to allow your users to sign in to other applications instead of requiring them to remember separate sets of credentials for each application or service. Users can simply sign in once and access your full suite of applications.
Why is Okta stock down today?
Okta (NASDAQ:OKTA) stock is trending lower today following reports that the identity and access management company has suffered a cyberattack.
Is OKTA stock overvalued?
To conclude, The stock of Okta (NAS:OKTA, 30-year Financials) is believed to be modestly overvalued. The company’s financial condition is poor and its profitability is poor. Its growth ranks worse than 68% of the companies in Software industry.
Is Pinterest a buy Zacks?
See rankings and related performance below. The VGM Score are a complementary set of indicators to use alongside the Zacks Rank.
…
Momentum Scorecard. More Info.
| Zacks Rank | Definition | Annualized Return |
|---|---|---|
| 1 | Strong Buy | 24.93% |
| 2 | Buy | 18.44% |
| 3 | Hold | 9.99% |
| 4 | Sell | 5.61% |
What does OKTA stand for?
“An ‘okta’ is a unit of measurement used to describe cloudiness. The number of oktas in the sky can range from zero to eight: if it’s zero oktas, it’s a clear blue-sky day; eight oktas means it’s completely overcast.
Will Okta stock go up?
Stock Price Forecast
The 24 analysts offering 12-month price forecasts for Okta Inc have a median target of 215.00, with a high estimate of 270.00 and a low estimate of 170.00. The median estimate represents a +49.84% increase from the last price of 143.49.
Why Okta is down today?
Okta (NASDAQ:OKTA) stock is trending lower today following reports that the identity and access management company has suffered a cyberattack.
Is Okta stock overvalued?
To conclude, The stock of Okta (NAS:OKTA, 30-year Financials) is believed to be modestly overvalued. The company’s financial condition is poor and its profitability is poor. Its growth ranks worse than 68% of the companies in Software industry.
Is Okta stock buy or sell?
Okta has received a consensus rating of Buy. The company’s average rating score is 2.82, and is based on 21 buy ratings, 6 hold ratings, and no sell ratings.
Is Okta undervalued?
Is Okta Inc Stock Undervalued? The current Okta Inc [OKTA] share price is $142.86. The Score for OKTA is 26, which is 48% below its historic median score of 50, and infers higher risk than normal. OKTA is currently trading in the 20-30% percentile range relative to its historical Stock Score levels.
Who bought Okta?
Auth0 CEO Eugenio Pace on the $6.5 billion deal with Okta and his advice for entrepreneurs – GeekWire.
Is Okta a good company to work for?
Is Okta a good company to work for? Okta has an overall rating of 3.9 out of 5, based on over 672 reviews left anonymously by employees. 72% of employees would recommend working at Okta to a friend and 72% have a positive outlook for the business. This rating has decreased by -4% over the last 12 months.
Will OKTA stock go up?
Stock Price Forecast
The 24 analysts offering 12-month price forecasts for Okta Inc have a median target of 215.00, with a high estimate of 270.00 and a low estimate of 170.00. The median estimate represents a +49.84% increase from the last price of 143.49.
Is OKTA undervalued?
Is Okta Inc Stock Undervalued? The current Okta Inc [OKTA] share price is $142.86. The Score for OKTA is 26, which is 48% below its historic median score of 50, and infers higher risk than normal. OKTA is currently trading in the 20-30% percentile range relative to its historical Stock Score levels.
Is zscaler overpriced?
Overall, the stock of Zscaler (NAS:ZS, 30-year Financials)is estimated to be significantly overvalued. The company’s financial condition is poor and its profitability is poor. Its growth ranks in the bottom 10% of the companies in Software industry.
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