Why are Okta shares dropping?
Okta shares fell in late trading Wednesday after the identity management software business posted better-than-expected results for its latest quarter, but provided guidance that suggests aggressive investment in the business will spur greater-than-expected near-term losses at the bottom line.
What is happening to Okta?
Shareholders of Okta (OKTA 2.38%) lost ground to the market early Monday, with shares diving 10% by 11 a.m. ET compared to a 2% slump in the S&P 500. The decline pushed the specialist in digital identity-management software deeper into negative territory so far in 2022.
Is Okta stock a good buy?
As long as Okta maintains its industry-leading position and long-term guidance for 20% FCF margins, I continue to view it as a solid long-term investment. I believe that now is a good time to buy shares with the stock near a 52-week low.
Will Okta stock go up?
The 25 analysts offering 12-month price forecasts for Okta Inc have a median target of 150.00, with a high estimate of 240.00 and a low estimate of 115.00. The median estimate represents a +52.32% increase from the last price of 98.48.
What is the target price for Okta stock?
Stock Price Target OKTAHigh$270.00Median$192.50Low$108.00Average$183.58Current Price$83.05
How many employees are at Okta?
5,030Okta / Number of employees (January 2022)
Is Okta overvalued?
OKTA: 2 Overvalued Cybersecurity Stocks to Avoid in April.
Is Okta stock a good long term investment?
Latest Okta Inc (OKTA) Stock News Okta Inc's trailing 12-month revenue is $1.0 billion with a -52.5% profit margin. Year-over-year quarterly sales growth most recently was 57.4%. Analysts expect adjusted earnings to reach $-0.764 per share for the current fiscal year.
Is Okta profitable?
Okta isn't currently profitable, so most analysts would look to revenue growth to get an idea of how fast the underlying business is growing. Shareholders of unprofitable companies usually expect strong revenue growth.
Is Okta a good company to work for?
92% of employees at Okta, Inc. say it is a great place to work compared to 57% of employees at a typical U.S.-based company.
What is the price target for Docusign?
Stock Price TargetsHigh$180.00Median$95.00Low$60.00Average$101.40Current Price$87.63
Is Crwd a buy?
CrowdStrike is expected to post earnings of $0.24 per share for the current quarter, representing a year-over-year change of +140%. Over the last 30 days, the Zacks Consensus Estimate remained unchanged. The consensus earnings estimate of $1.12 for the current fiscal year indicates a year-over-year change of +67.2%.