OKTA Stock Rises 14% in 6 Months: What's Next for Investors?
OKTAOkta(OKTA) ZACKS·2024-07-31 02:25

Okta (OKTA) shares have gained 14% in the past six months, underperforming the broader Zacks Computer & Technology sector’s return of 15.4% but outperforming the Zacks Internet Software and Services industry’s decline of 1.6%. OKTA is benefiting from an expanding clientele driven by the strong adoption of its Identity Threat Protection solution. It exited the first quarter of fiscal 2025 with the total customer count increasing 6% year over year to 19,100. Customers with more than $100K in Annual Contract V ...