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Okta (OKTA) earnings: ready for a rally?

Royston Roche | 7:20 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 | 1:26 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: 3:47 pm ET, 12 May 2019

Are you looking for the analysis of Okta, Inc. (OKTA) stock? Are you wondering what the bulls and the bears say about it?

If so, you came to the right place. In this stock guide, we will share with you 3 reasons to buy and 6 reasons to sell OKTA stock. You’ll get a perspective on what the bulls and the bears say about it.

The analysis below may be also 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 / investment?
  • What are OKTA analyst opinions, recommendations and ratings?

Let’s start with the bull case. Here are the reasons to buy OKTA stock:

1. OKTA quarterly revenue growth was 49.90%, higher than the industry and sector average revenue growth (7.17% and 5.21%, respectively). See OKTA revenue growth chart.

2. OKTA profitability is improving. The YoY profit margin change was 8.10percentage points. See OKTA profitability chart.

3. OKTA average analyst rating is Buy. See OKTA analyst rating chart.

Now that you understand the bull case, let’s look at the reasons to sell OKTA stock (i.e., the bear case):

1. OKTA stock price ($105.59) is close to the 52-week high ($107.79). Perhaps now is a good time to sell? See OKTA price chart.

2. OKTA Price/Book ratio is 45.40, and it’s high compared to its industry peers’ P/B ratios. See OKTA forward Price/Book ratio chart.

3. OKTA Price/Sales ratio is 28.71, and it’s high compared to its industry peers’ P/S ratios. See OKTA forward Price/Sales ratio chart.

4. OKTA average analyst price target ($89.24) is below its current price ($105.59). See OKTA price target chart.

5. OKTA short share of float is 9.58%. The stock is much more frequently shorted than the average industry, sector or S&P 500 stock. See OKTA short share of float chart.

6. OKTA short interest (days to cover the shorts) ratio is 3.34. The stock garners more short interest than the average industry, sector or S&P 500 stock. See OKTA short interest ratio chart.

Now let's look at the key statistics for OKTA:

Metrics OKTA
Price $109.77
Average Price Target / Upside $89.24 / -18.70%
Average Analyst Rating Buy
Industry Software - Infrastructure
Sector Technology
Number of Employees 1,561
Market Cap $11.85B
Forward P/E Ratio -576.83
Price/Book Ratio 29.67
PEG -10.86
Revenue (TTM) $399.25M
YoY Quarterly Revenue Growth 49.9%
Profit Margin -31.43%

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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