Latest news with #Auth0
Yahoo
3 days ago
- Business
- Yahoo
Oppenheimer Raises Okta (OKTA) Price Target, Maintains Outperform Rating
Okta, Inc. (NASDAQ:OKTA) is one of . Oppenheimer analyst Ittai Kidron has raised the firm's price target on Okta, Inc. (NASDAQ:OKTA) to $135 from $125, maintaining an Outperform rating on the shares. The upgrade follows Okta's strong fourth-quarter results and an upward revision to its guidance, driven by broad-based momentum across several key areas. According to Oppenheimer, the company saw solid trends among its large customers, contributing to robust growth. Notably, Okta recorded a record contribution from its Auth0 segment, further enhancing its revenue mix. Additionally, growing product cross-sell activity highlighted the company's expanding product portfolio and customer engagement. A mobile application developer programming on a tablet, illustrating the power of the company's adaptive multi-factor authentication. The analyst praised Okta's overall execution during the quarter, calling it an 'excellent quarter' that showcased the benefits of recent sales adjustments and the company's increasing product breadth. These factors, combined with a favorable market environment, position Okta well for continued growth. Oppenheimer expressed a bullish outlook on Okta's prospects, establishing the stock as a top pick within its coverage. The firm sees a potential multi-quarter re-rating driven by the company's strong sales execution and expanding portfolio. Investors may view Okta's improving fundamentals and strategic progress as key reasons for confidence in the stock's future performance. The updated price target reflects Oppenheimer's belief that Okta is well-positioned to capitalize on its momentum and deliver sustained growth in the coming quarters. While we acknowledge the potential of OKTA to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than OKTA and that has 100x upside potential, check out our report about this cheapest AI NEXT: 10 Best Small Cap Tech Stocks With Biggest Upside Potential and 7 Most Popular AI Penny Stocks Under $5 To Avoid. Disclosure: None.
Yahoo
6 days ago
- Business
- Yahoo
Okta's Cross App Access Expands Security Portfolio: Buy the Stock?
Okta OKTA is expanding its security portfolio with the launch of a new protocol, Cross App Access, which helps in securing AI agents. The company is working with ISVs in launching Cross App Access that will enable ISVs' enterprise customers to better connect their AI tools to other apps and data. End users ultimately benefit as the latest protocol removes repetitive authorization consent screens and manages agent access for better security and latest protocol reflects Okta's commitment to protecting its customers deploying AI. The company's focus on protecting non-human identities (NHIs) and developers building secure agents is noteworthy. NHIs include service accounts, shared accounts, machines and tokens, and often operate outside traditional identity governance frameworks and can leave organizations vulnerable to security risks. Identity Security Posture Management and Okta Privileged Access help in solving the vulnerabilities related to NHIs. Moreover, for developers, Okta is gaining from the rapid adoption of the Auth0 platform. Auth for generative AI addresses the problem of AI agents creating unsecured NHIs by enabling developers to integrate secure identity into their GenAI applications. Okta's offerings include Okta AI, a suite of AI-powered capabilities embedded across several products, which empowers organizations to harness AI to build better experiences and protect against cyberattacks. The company benefits from strong demand for its new products, including Identity Governance, Privileged Access, Device Access, Fine Grained Authorization, Identity Security Posture Management, and Identity Threat Protection with Okta AI. OKTA's innovative portfolio is helping the company win clients, driving top-line growth. It exited first-quarter fiscal 2026 with roughly 20,000 customers and $4.084 billion in RPOs, reflecting strong growth prospects for subscription revenues. Customers with more than $100 thousand in Annual Contract Value increased by 70 sequentially to 4,870. The combined governance portfolio of Okta Identity Governance, Lifecycle Management, and Workflows has surged 400% over the past three years to nearly $40 billion at the end of the fiscal first quarter. Okta is benefiting from a rich partner base that includes the likes of Amazon Web Services, CrowdStrike, Google, LexisNexis Risk Solutions, Microsoft MSFT, Netskope, Palo Alto Networks, Plaid, Proofpoint, Salesforce, ServiceNow, VMware, Workday, Yubico and Zscaler. The company has more than 7,000 integrations with cloud, mobile, and web applications and IT infrastructure providers as of April 30, innovative portfolio and rich partner base have helped Okta shares jump 25.2% year to date, outperforming the Zacks Computer and Technology sector, as well as peers CyberArk CYBR, Cisco Systems CSCO and Microsoft. While the sector has returned 0.9%, CyberArk, Cisco and Microsoft shares have appreciated 19.2%, 13.8% and 15.3%, respectively, over the same timeframe. Image Source: Zacks Investment Research The stock is currently trading above the 200-day moving average, indicating a bullish trend. Image Source: Zacks Investment Research For fiscal 2026, OKTA still expects revenues between $2.85 billion and $2.86 billion, indicating 9-10% growth from the figure reported in fiscal 2025. Uncertainty in the federal business, along with challenging macroeconomic conditions, are headwinds for the company. However, Okta expects fiscal 2026 non-GAAP earnings between $3.23 and $3.28 per share, up from previous guidance between $3.15 and $3.20 per share. The Zacks Consensus Estimate for Okta's earnings has increased 9 cents over the past 30 days to $3.28 per share over the past 30 days. The earnings figure suggests 16.73% growth over the figure reported in fiscal expects second-quarter fiscal 2026 revenues between $710 million and $712 million, indicating 10% year-over-year growth. The current portion of the company's remaining performance obligations (RPOs) is expected in the 10-11% range. Okta anticipates non-GAAP earnings between 83 cents and 84 cents per share. For second-quarter fiscal 2026, the Zacks Consensus Estimate for OKTA's earnings has increased by a nickel to 84 cents per share over the past 30 days. The earnings figure suggests 16.67% year-over-year growth. Okta, Inc. price-consensus-chart | Okta, Inc. Quote Okta shares are overvalued, as suggested by the Value Score of D. In terms of forward Price/Cash Flow, OKTA is trading at 23.23X compared with the broader sector's 20.13X and Cisco's 19.7X, suggesting a premium valuation. Image Source: Zacks Investment Research Despite a challenging macroeconomic condition and a stretched valuation, Okta rides on an innovative portfolio and an expanding currently has a Zacks Rank #2 (Buy) and a Growth Score of A, a favorable combination that offers a strong investment opportunity, per the Zacks Proprietary methodology. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Microsoft Corporation (MSFT) : Free Stock Analysis Report Cisco Systems, Inc. (CSCO) : Free Stock Analysis Report CyberArk Software Ltd. (CYBR) : Free Stock Analysis Report Okta, Inc. (OKTA) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Se produjo un error al recuperar la información Inicia sesión para acceder a tu portafolio Se produjo un error al recuperar la información Se produjo un error al recuperar la información Se produjo un error al recuperar la información Se produjo un error al recuperar la información
Globe and Mail
7 days ago
- Business
- Globe and Mail
Okta's Cross App Access Expands Security Portfolio: Buy the Stock?
Okta OKTA is expanding its security portfolio with the launch of a new protocol, Cross App Access, which helps in securing AI agents. The company is working with ISVs in launching Cross App Access that will enable ISVs' enterprise customers to better connect their AI tools to other apps and data. End users ultimately benefit as the latest protocol removes repetitive authorization consent screens and manages agent access for better security and compliance. The latest protocol reflects Okta's commitment to protecting its customers deploying AI. The company's focus on protecting non-human identities (NHIs) and developers building secure agents is noteworthy. NHIs include service accounts, shared accounts, machines and tokens, and often operate outside traditional identity governance frameworks and can leave organizations vulnerable to security risks. Identity Security Posture Management and Okta Privileged Access help in solving the vulnerabilities related to NHIs. Moreover, for developers, Okta is gaining from the rapid adoption of the Auth0 platform. Auth for generative AI addresses the problem of AI agents creating unsecured NHIs by enabling developers to integrate secure identity into their GenAI applications. OKTA Benefits From Innovative Portfolio Okta's offerings include Okta AI, a suite of AI-powered capabilities embedded across several products, which empowers organizations to harness AI to build better experiences and protect against cyberattacks. The company benefits from strong demand for its new products, including Identity Governance, Privileged Access, Device Access, Fine Grained Authorization, Identity Security Posture Management, and Identity Threat Protection with Okta AI. OKTA's innovative portfolio is helping the company win clients, driving top-line growth. It exited first-quarter fiscal 2026 with roughly 20,000 customers and $4.084 billion in RPOs, reflecting strong growth prospects for subscription revenues. Customers with more than $100 thousand in Annual Contract Value increased by 70 sequentially to 4,870. The combined governance portfolio of Okta Identity Governance, Lifecycle Management, and Workflows has surged 400% over the past three years to nearly $40 billion at the end of the fiscal first quarter. Okta is benefiting from a rich partner base that includes the likes of Amazon Web Services, CrowdStrike, Google, LexisNexis Risk Solutions, Microsoft MSFT, Netskope, Palo Alto Networks, Plaid, Proofpoint, Salesforce, ServiceNow, VMware, Workday, Yubico and Zscaler. The company has more than 7,000 integrations with cloud, mobile, and web applications and IT infrastructure providers as of April 30, 2025. An innovative portfolio and rich partner base have helped Okta shares jump 25.2% year to date, outperforming the Zacks Computer and Technology sector, as well as peers CyberArk CYBR, Cisco Systems CSCO and Microsoft. While the sector has returned 0.9%, CyberArk, Cisco and Microsoft shares have appreciated 19.2%, 13.8% and 15.3%, respectively, over the same timeframe. OKTA Stock's Performance The stock is currently trading above the 200-day moving average, indicating a bullish trend. OKTA Stock Trades Above 200-Day SMA OKTA's FY26 Guidance Reflects Slowing Federal Business For fiscal 2026, OKTA still expects revenues between $2.85 billion and $2.86 billion, indicating 9-10% growth from the figure reported in fiscal 2025. Uncertainty in the federal business, along with challenging macroeconomic conditions, are headwinds for the company. However, Okta expects fiscal 2026 non-GAAP earnings between $3.23 and $3.28 per share, up from previous guidance between $3.15 and $3.20 per share. The Zacks Consensus Estimate for Okta's earnings has increased 9 cents over the past 30 days to $3.28 per share over the past 30 days. The earnings figure suggests 16.73% growth over the figure reported in fiscal 2025. Okta expects second-quarter fiscal 2026 revenues between $710 million and $712 million, indicating 10% year-over-year growth. The current portion of the company's remaining performance obligations (RPOs) is expected in the 10-11% range. Okta anticipates non-GAAP earnings between 83 cents and 84 cents per share. For second-quarter fiscal 2026, the Zacks Consensus Estimate for OKTA's earnings has increased by a nickel to 84 cents per share over the past 30 days. The earnings figure suggests 16.67% year-over-year growth. Okta Shares Trading at a Premium Okta shares are overvalued, as suggested by the Value Score of D. In terms of forward Price/Cash Flow, OKTA is trading at 23.23X compared with the broader sector's 20.13X and Cisco's 19.7X, suggesting a premium valuation. Price/Cash Flow Conclusion Despite a challenging macroeconomic condition and a stretched valuation, Okta rides on an innovative portfolio and an expanding clientele. Okta currently has a Zacks Rank #2 (Buy) and a Growth Score of A, a favorable combination that offers a strong investment opportunity, per the Zacks Proprietary methodology. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Zacks Names #1 Semiconductor Stock It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom. With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028. See This Stock Now for Free >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Microsoft Corporation (MSFT): Free Stock Analysis Report Cisco Systems, Inc. (CSCO): Free Stock Analysis Report CyberArk Software Ltd. (CYBR): Free Stock Analysis Report Okta, Inc. (OKTA): Free Stock Analysis Report
Yahoo
23-06-2025
- Business
- Yahoo
Okta's Security Portfolio Expands Clientele: A Sign of More Upside?
Okta OKTA is benefiting from its innovative portfolio that is driving clientele. In the first quarter of fiscal 2026, it reported strong momentum among large-cap customers, including Global 2000 companies and government agencies. These large organizations are shaping Okta's product roadmap, pushing the company to deliver advanced identity solutions across workforce, customer and AI-driven use more than $1 million annual contract value (ACV) customer base grew 20% year over year, a strong sign of enterprise adoption. Companies from critical sectors like energy, telecom and insurance are turning to Okta not only for employee identity security but also for securing APIs and machine-to-machine interactions. In response, the company has introduced solutions such as Identity Governance (OIG), Identity Threat Protection (ITP) and Privileged Access (OPA) to meet the complex demands of these sector momentum further underscores this enterprise-led growth. In the first quarter of fiscal 2026, four of Okta's top 10 deals came from U.S. government entities. These clients are leveraging the company's FedRAMP-compliant cloud solutions for secure authentication, lifecycle management and automated Okta's Customer Identity Cloud (Auth0) is gaining ground in large-scale deployments. A Global 2000 energy company implemented Auth0 across all customer-facing apps, while a major tech reseller switched from Microsoft to Auth0 to boost scalability and developer experience. These moves highlight trust in Okta's ability to deliver secure, seamless and scalable identity experiences for millions of users. CyberArk Software CYBR, a leader in privileged access management, is frequently compared to Okta for its robust identity security and strong margins. CyberArk's advantage is its comprehensive identity security platform, which has now been further enhanced through acquisitions such as Venafy and Zilla Security. By managing both human and machine identities, the company keeps pace with the growing demand. Its growing customer base helps CyberArk grow revenues through strategic upselling of its integrated security SAIL has established itself as a leader in Identity Governance & Administration, posing direct competition to Okta. SailPoint's strong Identity Security Cloud, supported by an extensive partner ecosystem, delivers seamless integration across hybrid environments. With low-code/no-code workflows and AI-driven access recommendations, SailPoint stands out for managing complex enterprise identities with precision and scalability. Shares of Okta have appreciated 26.1% year to date compared with the Zacks Security industry's return of 20.2%. Image Source: Zacks Investment Research Okta currently trades at a premium with a forward price/cash flow ratio of 23.41, higher than the broader Zacks Computer & Technology sector's 20.12X. OKTA has a Value Score of D. Image Source: Zacks Investment Research The Zacks Consensus Estimate for OKTA's 2026 revenues is pegged at $2.86 billion, indicating 9.44% year-over-year growth. The consensus mark for earnings is pegged at $3.28 per share, which increased 2.8% over the past 30 days. The earnings figure suggests 16.73% growth over the figure reported in fiscal 2025. Image Source: Zacks Investment Research OKTA currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CyberArk Software Ltd. (CYBR) : Free Stock Analysis Report Okta, Inc. (OKTA) : Free Stock Analysis Report SailPoint, Inc. (SAIL) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
23-06-2025
- Business
- Globe and Mail
Okta's Security Portfolio Expands Clientele: A Sign of More Upside?
Okta OKTA is benefiting from its innovative portfolio that is driving clientele. In the first quarter of fiscal 2026, it reported strong momentum among large-cap customers, including Global 2000 companies and government agencies. These large organizations are shaping Okta's product roadmap, pushing the company to deliver advanced identity solutions across workforce, customer and AI-driven use cases. Okta's more than $1 million annual contract value (ACV) customer base grew 20% year over year, a strong sign of enterprise adoption. Companies from critical sectors like energy, telecom and insurance are turning to Okta not only for employee identity security but also for securing APIs and machine-to-machine interactions. In response, the company has introduced solutions such as Identity Governance (OIG), Identity Threat Protection (ITP) and Privileged Access (OPA) to meet the complex demands of these clients. Public sector momentum further underscores this enterprise-led growth. In the first quarter of fiscal 2026, four of Okta's top 10 deals came from U.S. government entities. These clients are leveraging the company's FedRAMP-compliant cloud solutions for secure authentication, lifecycle management and automated workflows. Meanwhile, Okta's Customer Identity Cloud (Auth0) is gaining ground in large-scale deployments. A Global 2000 energy company implemented Auth0 across all customer-facing apps, while a major tech reseller switched from Microsoft to Auth0 to boost scalability and developer experience. These moves highlight trust in Okta's ability to deliver secure, seamless and scalable identity experiences for millions of users. CyberArk & SailPoint: OKTA's Identity Rivals to Watch CyberArk Software CYBR, a leader in privileged access management, is frequently compared to Okta for its robust identity security and strong margins. CyberArk's advantage is its comprehensive identity security platform, which has now been further enhanced through acquisitions such as Venafy and Zilla Security. By managing both human and machine identities, the company keeps pace with the growing demand. Its growing customer base helps CyberArk grow revenues through strategic upselling of its integrated security solutions. SailPoint SAIL has established itself as a leader in Identity Governance & Administration, posing direct competition to Okta. SailPoint's strong Identity Security Cloud, supported by an extensive partner ecosystem, delivers seamless integration across hybrid environments. With low-code/no-code workflows and AI-driven access recommendations, SailPoint stands out for managing complex enterprise identities with precision and scalability. OKTA's Price Performance, Valuation & Estimates Shares of Okta have appreciated 26.1% year to date compared with the Zacks Security industry's return of 20.2%. Okta currently trades at a premium with a forward price/cash flow ratio of 23.41, higher than the broader Zacks Computer & Technology sector's 20.12X. OKTA has a Value Score of D. The Zacks Consensus Estimate for OKTA's 2026 revenues is pegged at $2.86 billion, indicating 9.44% year-over-year growth. The consensus mark for earnings is pegged at $3.28 per share, which increased 2.8% over the past 30 days. The earnings figure suggests 16.73% growth over the figure reported in fiscal 2025. OKTA currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Zacks' Research Chief Names "Stock Most Likely to Double" Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest. This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%. Free: See Our Top Stock And 4 Runners Up Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CyberArk Software Ltd. (CYBR): Free Stock Analysis Report Okta, Inc. (OKTA): Free Stock Analysis Report SailPoint, Inc. (SAIL): Free Stock Analysis Report
