F I I L r I Michael Vi Investment Thesis Okta (NASDAQ:OKTA) delivered a reasonable result for its fiscal Q2 2024 earnings. The problem here is that its guidance points to substantial deceleration in its revenue growth rates. As it stands right now, investors are having to pay 25x next year's non-GAAP EPS for a business with current remaining obligations growing at decidedly low double digits and potentially less, with fiscal Q3 2024 guided to about 9% to 10% growth. Altogether, this is a stock that's no lon ...