Okta (OKTA) has been on a downward spiral lately with significant selling pressure. After declining 8.2% over the past four weeks, the stock looks well positioned for a trend reversal as it is now in oversold territory and there is strong agreement among Wall Street analysts that the company will report better earnings than they predicted earlier. Guide to Identifying Oversold Stocks We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is ove ...

Here's why the stock fell despite strong results and raised guidance.Share prices of Okta (OKTA -0.15%) slid following its fiscal 2025 first-quarter earnings report (for the quarter ending April 30) despite the cybersecurity company reporting strong revenue growth and increasing guidance.Let's dive into the company's most recent results to see why the stock fell and whether or not this is a great time to buy.A beat-and-raise quarterOkta's overall revenue climbed 19% year over year in Q1 to $617 million, whi ...

Key PointsOkta had a solid quarter and raised guidance, but growth is slowing and provides no catalyst.The valuation for this stock is high and provides a headwind for the market. Analysts are trimming targets and capping upside potential. 5 stocks we like better than OktaOkta, Inc. NASDAQ: OKTA shares are down more than 5% following its Q1 results and have the market at a critical turning point aligning with prior resistance and current support targets. A move below this level could send the market back to ...

Okta, Inc. (OKTA) reported first-quarter fiscal 2025 earnings of 65 cents per share, comfortably beating the Zacks Consensus Estimate by 20.37%. It reported earnings of 22 cents per share in the year-ago quarter. Total revenues increased 19.1% year over year to $617 million and surpassed the consensus mark by 2.1%. The year-over-year upside can be attributed to higher subscription revenues. Okta shares were up 5.62% in after-hours trading. Shares have gained 6.5% year to date, underperforming the Zacks Comp ...

For the quarter ended April 2024, Okta (OKTA) reported revenue of $617 million, up 19.1% over the same period last year. EPS came in at $0.65, compared to $0.22 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $604.33 million, representing a surprise of +2.10%. The company delivered an EPS surprise of +20.37%, with the consensus EPS estimate being $0.54. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they c ...

About this content About William Farrington William kickstarted his career as a researcher and reporter for a global legal publication, covering everything from public law to M&A. Before moving to Proactive Investors, he worked as a reporter for a major fintech company with a focus on cryptocurrency and blockchain technology. Harking from Queensland, Australia, William obtained first-class honours in journalism and media from Birkbeck University before going on to complete an MA in creative and critical ...

财务数据和关键指标变化 - 第一季度总收入同比增长13%-14% [27] - 第一季度经营利润率达到19%-20% [27] - 第一季度自由现金流率约为35% [22] - 全年总收入增长率预计为12% [28] - 全年经营利润率预计为19%-20% [28] - 全年自由现金流率预计约为22% [28] 各条业务线数据和关键指标变化 - 第一季度大客户(年合同价值超100万美元)增长12% [25] - 第一季度公共部门业务表现强劲,占据公司前六大交易中的五笔 [24] - 第一季度公共部门交易的加权平均合同期限同比有所增长 [24] 各个市场数据和关键指标变化 - 宏观环境相对稳定但仍具挑战性,主要影响新业务与现有客户续约的比例 [21][26] - 大型企业客户(年合同价值超100万美元)是增长最快的客户群体 [25] 公司战略和发展方向及行业竞争 - 公司将安全作为首要任务,包括内部系统和产品服务的安全性 [11][12][17] - 公司正在加强产品创新,推出身份安全状况管理、身份威胁防护等新产品 [15][16] - 公司正在向成为50亿美元和100亿美元公司的目标努力 [18] - 公司正在加强与大型系统集成商的合作,以更好地服务大型企业客户 [146][147] 管理层对经营环境和未来前景的评论 - 宏观环境仍具挑战性,但公司正采取措施提高运营效率和盈利能力 [20][21][26] - 公司对长期可持续增长充满信心,正在采取措施提高产品创新和销售能力 [28][32][35] 其他重要信息 - 公司第一季度遭受的安全事件对财务影响较小,但公司仍保持谨慎态度 [20][26][27] - 公司第一季度实现了创纪录的经营利润和自由现金流 [22][23] - 公司订阅毛利率提升,达到83.5% [23] 问答环节重要的提问和回答 问题1 **Gabriela Borges 提问** 询问公司销售人员生产率和交叉销售情况 [32][33][35] **Todd McKinnon 回答** 解释公司正在采取措施提高销售人员生产率和交叉销售能力 [33][34][35] 问题2 **Fatima Boolani 提问** 询问公司公共部门业务表现强劲的原因 [38][39][40][41][42][43][44][45][46] **Todd McKinnon 和 Brett Tighe 回答** 详细解释公共部门业务表现强劲的多方面原因 [40][41][42][43][44][45][46] 问题3 **Brad Zelnick 提问** 询问第二季度经营性现金流预测增速放缓的原因 [48][49][50][51] **Brett Tighe 回答** 解释宏观环境和安全事件的影响是导致该预测的主要原因 [50][51]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _____________________________________ FORM 10-Q _____________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 193 For the quarterly period ended April 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 193 For the transition period from to Commission File Number: 001-38044 _____________________________________ Okta, Inc ...

Okta (OKTA) came out with quarterly earnings of $0.65 per share, beating the Zacks Consensus Estimate of $0.54 per share. This compares to earnings of $0.22 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 20.37%. A quarter ago, it was expected that this cloud identity management company would post earnings of $0.51 per share when it actually produced earnings of $0.63, delivering a surprise of 23.53%.Over the last four quarter ...

Exhibit 99.1 Okta Announces First Quarter Fiscal Year 2025 Financial Results • Q1 revenue grew 19% year-over-year; subscription revenue grew 20% year-over-year • Current remaining performance obligations (cRPO) grew 15% year-over-year to $1.949 billion • Record operating cash flow of $219 million and free cash flow of $214 million SAN FRANCISCO – May 29, 2024 – Okta, Inc. (Nasdaq: OKTA), the leading independent identity partner, today announced financial results for its first quarter ended April 30, 2024. “ ...