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Okta, Inc is currently in a long term uptrend where the price is trading 3.0% above its 200 day moving average.
From a valuation standpoint, the stock is 38.5% more expensive than other stocks from the Technology sector with a price to sales ratio of 35.0.
Okta, Inc's total revenue rose by 40.3% to $235M since the same quarter in the previous year.
Its net income has dropped by 50.2% to $-76M since the same quarter in the previous year.
Finally, its free cash flow grew by 79.3% to $32M since the same quarter in the previous year.
Based on the above factors, Okta, Inc gets an overall score of 3/5.
ISIN | US6792951054 |
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Industry | Software-Infrastructure |
Sector | Technology |
CurrencyCode | USD |
Exchange | NASDAQ |
Beta | 1.12 |
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PE Ratio | None |
Target Price | 92.99 |
Market Cap | 12B |
Dividend Yield | 0.0% |
Okta, Inc. provides identity solutions for enterprises, small and medium-sized businesses, universities, non-profits, and government agencies in the United States and internationally. The company offers Okta's, a suite of products and services is used to manage and secure identities, such as Universal Directory, a cloud-based system of record to store and secure user, application, and device profiles for an organization; Single Sign-On that enables users to access applications in the cloud or on-premise from various devices; Adaptive Multi-Factor Authentication provides a layer of security for cloud, mobile, Web applications, and data; Lifecycle Management that enables IT organizations or developers to manage a user's identity throughout its lifecycle; API Access Management that enables organizations to secure APIs; Access Gateway enables organizations to extend the Workforce Identity Cloud; Advanced Server Access to manage and secure cloud infrastructure; and Okta Identity Governance, an identity access management and identity governance solutions. It also provides Universal Login allows customers to provide login experience across different applications and devices; Attack Protection, a suite of security capabilities that protect from malicious traffics; Adaptive Multi-Factor Authentication that minimizes friction to end users; Passwordless authentication enables users to login without a password and supports in various login methods; Machine to Machine provides standards-based authentication and authorization; Private Cloud that allows customers to run a dedicated cloud instance of Customer Identity Cloud; In addition, the company provides organization; Actions and Extensibility; and Enterprise Connections. It sells its products directly to customers through sales force and channel partners. The company was formerly known as Saasure, Inc. Okta, Inc. was incorporated in 2009 and is headquartered in San Francisco, California.
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