Latest news with #OktaAI
Channel Post MEA
4 days ago
- Business
- Channel Post MEA
Palo Alto Networks And Okta Join Hands For AI Identity Security
Okta and Palo Alto Networks have announced an expanded partnership with new integrations to deliver a unified security architecture, enabling customers to automate threat response, secure application access on any device, and reduce security attacks grow more sophisticated and demand real-time response, verifying who accesses data and from what device has become essential to protecting it. The native integration between Okta Workforce Identity and Palo Alto Networks Prisma Access Browser creates a new conditional access method to restrict access to SSO apps by using only the secure browser. A second integration between Identity Threat Protection with Okta AI and Palo Alto Networks AI-driven Cortex SecOps platform provides organizations with a unified view of identity-related risks across their entire attack surface. This integration extends to Cortex XSIAM® and Cortex XDR®, creating a comprehensive response to the most advanced attacks. 'AI is supercharging attacks on user credentials, requiring a 'fight AI with AI' approach that brings identity directly into an organization's security infrastructure for a real-time and unified response,' said Stephen Lee, VP of Technology Partnerships at Okta. 'With Palo Alto Networks, Okta is proud to enhance the interoperability of our AI-powered platforms to prevent risks of siloed tools, providing nearly 2000 joint customers with a comprehensive view of their security posture, context-aware access controls, and secure authentication to stay ahead of today's threats.' 'Identity plays a critical role in cybersecurity,' said Pam Cyr, VP of Technical Partnerships at Palo Alto Networks. 'Our deep integrations with Okta ensure that our solutions are engineered to work together, making it easier for our customers to achieve higher levels of security and user experience. These new integrations, from securing application access with Prisma Access Browser to providing unified protection against identity threats through our Cortex platform, empower organizations with comprehensive, AI-driven defense.' These two new integrations help provide a clear, integrated path for joint customers to confidently secure their operations while reducing costs and complexity: Securing Access on Any Device: With Okta Workforce Identity and Prisma Access Browser, enterprises now have a critical layer of defense for web-based activity. Employees can now securely access corporate web applications and data from managed or unmanaged devices without compromising enterprise security. Users will benefit from a secure, consistent, seamless, and fast browsing experience, while security teams gain enhanced visibility and control over SaaS and web application usage. With Okta Workforce Identity and Prisma Access Browser, enterprises now have a critical layer of defense for web-based activity. Employees can now securely access corporate web applications and data from managed or unmanaged devices without compromising enterprise security. Users will benefit from a secure, consistent, seamless, and fast browsing experience, while security teams gain enhanced visibility and control over SaaS and web application usage. Unified Identity Threat Detection and Automated Response: The integration of Okta's Identity Threat Protection solution with Cortex XSIAM and Cortex XDR enables dynamic enforcement of additional authentication for risky access and user activity. It triggers immediate, automated responses to threats such as revoking user access, ending active sessions, and quarantining endpoints. 'CISOs are clear: to move at pace with the threat landscape, security teams need integrated platforms, not just more solutions. With the rapid adoption of cloud services, SaaS applications, remote work, and now the advent of AI, organizations are being challenged by added complexity and gaps in security tools,' said Maxine Holt, Vice President, Enterprise & Channel Research at Omdia. 'By unifying their offerings, Okta and Palo Alto Networks are helping customers streamline operations, reduce complexity, and improve coverage of the attack surface.'
Scoop
4 days ago
- Business
- Scoop
Okta And Palo Alto Networks Unify AI-Driven Security To Fight Identity Attacks
Joint solutions help reduce the risk of breaches by preventing unauthorized access and mitigating dangerous security blind spots SAN FRANCISCO and SANTA CLARA – July 15, 2025 – As attacks grow more sophisticated and demand real-time response, verifying who accesses data and from what device has become essential to protecting it. Okta (NASDAQ: OKTA) and Palo Alto Networks (NASDAQ: PANW) today announced an expanded partnership with new integrations to deliver a unified security architecture, enabling customers to automate threat response, secure application access on any device, and reduce security roadblocks. The native integration between Okta Workforce Identity and Palo Alto Networks Prisma Access Browser creates a new conditional access method to restrict access to SSO apps by using only the secure browser. A second integration between Identity Threat Protection with Okta AI and Palo Alto Networks AI-driven Cortex® SecOps platform provides organizations with a unified view of identity-related risks across their entire attack surface. This integration extends to CortexSIAM ® and Cortex XDR ®, creating a comprehensive response to the most advanced attacks. 'AI is supercharging attacks on user credentials, requiring a 'fight AI with AI' approach that brings identity directly into an organization's security infrastructure for a real-time and unified response,' said Stephen Lee, VP of Technology Partnerships at Okta. "With Palo Alto Networks, Okta is proud to enhance the interoperability of our AI-powered platforms to prevent risks of siloed tools, providing nearly 2000 joint customers with a comprehensive view of their security posture, context-aware access controls, and secure authentication to stay ahead of today's threats." "Identity plays a critical role in cybersecurity," said Pam Cyr, VP of Technical Partnerships at Palo Alto Networks. 'Our deep integrations with Okta ensure that our solutions are engineered to work together, making it easier for our customers to achieve higher levels of security and user experience. These new integrations, from securing application access with Prisma Access Browser to providing unified protection against identity threats through our Cortex platform, empower organizations with comprehensive, AI-driven defense.' Commenting on the news, Stephanie Barnett, Vice President, Presales at Okta APJ said, "Across Asia Pacific, organisations are under pressure from faster, more targeted cyberattacks, yet too many still rely on siloed tools that can't keep pace. A more integrated, identity-centric approach is essential. That's why this expanded partnership between Okta and Palo Alto Networks matters. We are bringing identity into the centre of threat detection and response, improving visibility across the attack surface, and reducing complexity through intelligent automation. This announcement is a clear example of Okta's partner-first strategy in action, working with industry leaders to deliver powerful, scalable security solutions." "Today's dynamic, complex threat landscape requires organisations to strengthen identity protection while simplifying security operations. Our expanded partnership with Okta helps organisations fend off sophisticated identity-based attacks and build a strong Zero Trust framework, enabling seamless, secure access anywhere, on any device. This collaboration reflects our commitment to deliver unified, automated security outcomes that reduce complexity for customers across the region,' said Orcun Tezel, Vice President, Technical Solutions, Asia Pacific and Japan at Palo Alto Networks. These two new integrations help provide a clear, integrated path for joint customers to confidently secure their operations while reducing costs and complexity: · Securing access on any device: With Okta Workforce Identity and Prisma® Access Browser, enterprises now have a critical layer of defense for web-based activity. Employees can now securely access corporate web applications and data from managed or unmanaged devices without compromising enterprise security. Users will benefit from a secure, consistent, seamless, and fast browsing experience, while security teams gain enhanced visibility and control over SaaS and web application usage. · Unified identity threat detection and automated response: The integration of Okta's Identity Threat Protection solution with Cortex XSIAM and Cortex XDR enables dynamic enforcement of additional authentication for risky access and user activity. It triggers immediate, automated responses to threats such as revoking user access, ending active sessions, and quarantining endpoints. 'CISOs are clear: to move at pace with the threat landscape, security teams need integrated platforms, not just more solutions. With the rapid adoption of cloud services, SaaS applications, remote work, and now the advent of AI, organizations are being challenged by added complexity and gaps in security tools,' said Maxine Holt, Vice President, Enterprise & Channel Research at Omdia. 'By unifying their offerings, Okta and Palo Alto Networks are helping customers streamline operations, reduce complexity, and improve coverage of the attack surface.' For more information about these integrations, register to attend the virtual event, Zero Friction Defense: Where Identity Meets Security, on July 15 at 10 a.m. PT / 1 p.m. ET. About Okta Okta, Inc. is The World's Identity Company™. We secure Identity, so everyone is free to safely use any technology. Our customer and workforce solutions empower businesses and developers to use the power of Identity to drive security, efficiencies, and success — all while protecting their users, employees, and partners. Learn why the world's leading brands trust Okta for authentication, authorization, and more at About Palo Alto Networks As the global AI and cybersecurity leader, Palo Alto Networks (NASDAQ: PANW) is dedicated to protecting our digital way of life via continuous innovation. Trusted by more than 70,000 organizations worldwide, we provide comprehensive AI-powered security solutions across network, cloud, security operations and AI, enhanced by the expertise and threat intelligence of Unit 42. Our focus on platformization allows enterprises to streamline security at scale, ensuring protection fuels innovation. Explore more at
Techday NZ
4 days ago
- Business
- Techday NZ
Okta & Palo Alto Networks expand AI security integrations
Palo Alto Networks and Okta have announced the expansion of their partnership with new integrations designed to create a unified security architecture that improves identity-based defences across enterprise environments. The collaboration focuses on improving the interoperability of both companies' AI-driven security solutions, making it possible for organisations to integrate identity into their core security infrastructure. This aims to create a real-time, unified defence system that addresses operational challenges, while also delivering efficiencies in both cost and complexity. New integrations A key feature of the expanded partnership is a new native integration between Okta Workforce Identity and the Palo Alto Networks Prisma Access Browser. This enables enterprises to enforce conditional access controls by restricting access to single sign-on (SSO) applications solely through the secure browser option. Another central component is an integration between Identity Threat Protection with Okta AI and Palo Alto Networks' Cortex SecOps platform. This provides organisations with a consolidated view of identity-related risks spanning their digital footprint. The integration extends to both Cortex XSIAM and Cortex XDR, providing a mechanism for thorough response to sophisticated attacks. AI is supercharging attacks on user credentials, requiring a 'fight AI with AI' approach that brings identity directly into an organisation's security infrastructure for a real-time and unified response. With Palo Alto Networks, Okta is proud to enhance the interoperability of our AI-powered platforms to prevent risks of siloed tools, providing nearly 2000 joint customers with a comprehensive view of their security posture, context-aware access controls, and secure authentication to stay ahead of today's threats. This was stated by Stephen Lee, Vice President of Technology Partnerships at Okta. Identity plays a critical role in cybersecurity. Our deep integrations with Okta ensure that our solutions are engineered to work together, making it easier for our customers to achieve higher levels of security and user experience. These new integrations, from securing application access with Prisma Access Browser to providing unified protection against identity threats through our Cortex platform, empower organisations with comprehensive, AI-driven defence. This comment was provided by Pam Cyr, Vice President of Technical Partnerships at Palo Alto Networks. Operational benefits The companies report that the two new integrations offer a route for joint customers to secure their operations while reducing both operational costs and technological complexity. The integration of Okta Workforce Identity and Prisma Access Browser, for example, enables employees to securely access corporate web applications and data from both managed and unmanaged devices. This occurs without compromising enterprise security and is intended to provide a consistent, secure, and efficient experience for users while giving security teams improved oversight and control of web application usage. Further, the integration of Okta's Identity Threat Protection solution with Cortex XSIAM and Cortex XDR platforms enables dynamic enforcement of extra authentication steps in response to risky access and user activity. The system can trigger automated responses to security incidents, such as revoking user access, ending active sessions, or quarantining affected endpoints. Industry context The partnership's developments are in response to an evolving threat landscape, where attacks are increasingly sophisticated and require rapid, coordinated responses across security and identity systems. "CISOs are clear: to move at pace with the threat landscape, security teams need integrated platforms, not just more solutions. With the rapid adoption of cloud services, SaaS applications, remote work, and now the advent of AI, organisations are being challenged by added complexity and gaps in security tools. By unifying their offerings, Okta and Palo Alto Networks are helping customers streamline operations, reduce complexity, and improve coverage of the attack surface," Maxine Holt, Vice President, Enterprise & Channel Research at Omdia, stated. The partnership between Okta and Palo Alto Networks is focused on helping organisations meet current security challenges by consolidating identity-driven defences and reducing technology silos in enterprise security environments.
Yahoo
25-06-2025
- 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
04-03-2025
- Business
- Globe and Mail
3 Reasons to Snap Up Okta Stock Now After Q4 Earnings
Okta (OKTA) has defied broader economic uncertainties surrounding software companies by delivering robust financial results for the fourth quarter of its fiscal 2025. Despite market challenges, the identity and access management services provider's focus on serving large enterprise clients, accelerating growth through prioritizing its partner ecosystem, and optimizing costs have yielded impressive outcomes, including accelerated remaining performance obligations (RPO) and current remaining performance obligations (CRPO), record profitability, and strong free cash flow. Okta's Q4 revenue and earnings exceeded Wall Street's expectations. The company's Q1 revenue guidance has surpassed analysts' forecasts, indicating continued strong performance. For the fiscal year 2025, Okta reported a total revenue of $2.61 billion, marking a 15% increase year-over-year. Subscription revenue, a key metric for software-as-a-service companies, rose to $2.556 billion, up 16% year-over-year. Adjusted earnings per share (EPS) showed significant growth at $2.81, up 75.6% compared to the previous year. Thanks to the higher sales and cost control measures, Okta delivered free cash flow of $730 million in FY25, representing 28% of total revenue, up from $489 million (22% of total revenue) in fiscal 2024. The market responded positively to the company's solid financial results and optimistic outlook. Following the strong Q4 performance, Okta's stock jumped nearly 20%. Moreover, this momentum will likely sustain as Okta has multiple catalysts that will drive its financials and stock price. Reason #1: Strong Product Demand and Innovation to Drive Okta Stock As digital transformation accelerates and cybersecurity threats become more sophisticated, demand for identity solutions will likely increase. Okta is well-positioned to capitalize on this trend thanks to its strong product portfolio, expanding customer base, and strategic partnerships. The demand for both workforce and customer identity products remains robust, and Okta's expanding suite of solutions will enable it to capture a higher market share. The company's focus on innovation is paying off, with over 20% of Q4 bookings coming from new products. Solutions like Okta Identity Governance (OIG), Device Access, Privileged Access, Fine-Grained Authorization, and Identity Threat Protection with Okta AI are resonating with customers, strengthening its competitive edge. OIG has emerged as a standout performer among its new products. It has gained over 1,300 customers in just two years, contributing more than $100 million in annual contract value (ACV). When combined with Okta Lifecycle Management and Okta Workflows, the company now boasts over $400 million in governance-related business. Notably, the governance-related business has significant growth prospects and will drive Okta's financials in the coming years. Reason #2: Large Deals and Enterprise Customers Fueling Momentum Okta added 200 net new customers in Q4, bringing its total customer count to 19,650, up 4% year-over-year. However, over the past few years Okta has increasingly focused on large customers, which augurs well for growth. The total contract value of its top 25 deals in Q4 exceeded $320 million, reflecting the company's ability to secure high-value contracts. Additionally, Okta added 25 customers in Q4 with ACV exceeding $1 million, bringing its total base of such customers to 470 — up 22% year-over-year. Collectively, this $1 million-plus customer base represents over $1 billion in total ACV, highlighting the company's strong enterprise appeal. Moreover, Okta is acquiring new customers and increasing the adoption of additional products among its existing user base. It is also increasing its revenue potential by cross-selling additional services to existing customers. The move will likely enhance customer retention and boost long-term revenue growth. These efforts are already paying off, with RPO surging 25% year-over-year to exceed $4 billion. Moreover, the weighted average deal term length reached a multi-year high, reflecting customer confidence in Okta's services. Its Q4 bookings surpassed $1 billion in total contract value for the first time, signaling strong demand. Reason #3: Strategic Partnerships Strengthening Okta's Market Position Okta is also prioritizing its partner ecosystem to accelerate growth. In Q4, more than 70% of deals were influenced by partners, including 18 of the company's top 20 deals. Its partnership with Amazon's (AMZN) AWS Marketplace has been particularly successful, surpassing $1 billion in total contract value since launching just four years ago. Notably, revenue from AWS Marketplace grew over 80% in fiscal year 2025, reflecting the strength of this alliance. The Bottom Line Analysts currently rate Okta as a 'Moderate Buy,' but its strong financials, growing demand, and strategic focus suggest it has the potential to climb even higher. The company's ability to secure large enterprise deals, drive innovation, and strengthen partnerships positions it for sustained long-term success.
