Okta (OKTA) earnings: ready for a rally?

Royston Roche | 8:20 pm ET, 05 Dec 2018

Okta, Inc. (OKTA) announced its quarterly earnings results on Wednesday: it reported a loss of $29.5 million in its fiscal third quarter.  Losses, adjusted for stock option expense and amortization costs, came to 4 cents per share.  

The results surprised the Wall Street. The average estimate of seven surveyed analysts was a loss of 11 cents per share vs. 4 cents per share reported.   

The analysts expected Okta to generate revenue of $96.53 million; however, the company posted $105.6 million.  The company beat analysts’ estimates in the previous five quarters.

Lately, the stock has performed well: it generated a return of 86% in the past year.  Investors are showing interest in the company because of its strong revenue growth.  On the other hand, a few bearish investors worry about the company's profitability.  

What is the sentiment towards the OKTA stock? Our technical analysis shows that: 

  • The stock short-term sentiment (next 30 days) is trending negative;
  • The mid-term sentiment (3-6 months) is trending negative;
  • The long-term sentiment (9-12 months) is trending positive. 

Over the last month, Okta, Inc. (OKTA) returned -9.11%.

Okta, Inc. (OKTA) short share of float is 8.23%. The stock is much more frequently shorted than the average industry, sector or S&P 500 stock.

Okta, Inc. (OKTA) average analyst price target ($61.27) is 17.71% above its current price ($52.05).

For the latest price and information on Okta, Inc., please visit Finstead and search for "OKTA price" or "OKTA news".

Disclaimer: The news article above expresses the author’s opinion about the topic of the article. We strongly advise you not to base your investment decisions just on this article alone. If you’d like to become a writer for Finstead Bites, please send us an email at hi@finstead.com.


Okta (OKTA) stock flying high, but is it overbought?

Carla Olson | 2:26 pm ET, 06 Sep 2018

Okta, Inc. (OKTA) shares are trading at 59.28, down -1%. The company is expected to report earnings on September 6 after market close.  What's driving OKTA stock price? What's OKTA stock price forecast, and what should investors know about the company?

Okta provides identity solutions for enterprises, small and medium businesses, universities, and government agencies.  The Okta Identity Cloud enables customers to secure their users and connect them to technology from any place. Its clients include JetBlue, Experian, and flex to name a few.

The company which started in 2009 has grown from two to 1,300 employees and has a market capitalization of $6.4 billion. The growth has been tremendous. Some analysts warn of high valuation but they are also ignoring the growth of data privacy industry. Data privacy and cybersecurity will become a $1 trillion industry in the next few years.  

Revenue is expected to grow 40% to $84.82 million for the second quarter. The next quarter results will be released after market close on September 06, 2018.

What is the sentiment towards the OKTA stock? Our technical analysis shows that:

  • The stock short-term sentiment (next 30 days) is trending positive;
  • The mid-term sentiment (3-6 months) is trending positive;
  • The long-term sentiment (9-12 months) is trending positive.

Okta, Inc. (OKTA) short share of float is 8.9%. The stock is much more frequently shorted than the average industry, sector or S&P 500 stock.

Okta, Inc. (OKTA) average analyst price target ($52.10) is -15.64% below its current price ($61.76).

For the latest price and information on Okta, Inc., please visit Finstead and search for "OKTA price" or "OKTA news".

Disclaimer: The news article above expresses the author’s opinion about the topic of the article. We strongly advise you not to base your investment decisions just on this article alone. If you’d like to become a writer for Finstead Bites, please send us an email at hi@finstead.com.


Okta, Inc. (OKTA) Buy or Sell Stock Guide

Updated at: 6:39 am ET, 25 Jun 2018

The analysis below may be helpful to you if you have any of the following questions about OKTA stock:

  • Is OKTA a buy or a sell?
  • Should I sell or hold OKTA stock today?
  • Is OKTA a good buy / a good investment?
  • What are OKTA analyst opinions, recommendations, ratings?

Here are OKTA stock buy reasons/signals:

1. OKTA quarterly revenue growth was 59.80%, higher than the industry and sector average revenue growth (1.56% and 1.56%, respectively).

2. OKTA average analyst rating is Strong Buy.

Here are OKTA stock sell reasons/signals:

1. OKTA Price/Book ratio is 22.53, and it’s high compared to its industry peers’ P/B ratios.

2. OKTA Price/Sales ratio is 19.33, and it’s high compared to its industry peers’ P/S ratios.

3. OKTA short share of float is 7.64%. The stock is much more frequently shorted than the average industry, sector or S&P 500 stock.

4. OKTA short interest (days to cover the shorts) ratio is 3.76. The stock garners more short interest than the average industry, sector or S&P 500 stock.

What are your thoughts on OKTA?

If you liked this analysis, check out Buy or Sell Stock Guides for other stocks.

Disclaimer: The news article above expresses the author’s opinion about the topic of the article. We strongly advise you not to base your investment decisions just on this article alone. If you’d like to become a writer for Finstead Bites, please send us an email at hi@finstead.com.


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