As long as they’re all intact, Okta is a stock worth buying and holding for the long haul. This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service.
Then, should I buy okta shares?
Despite its lofty valuation, I’d argue that Okta stock is a buy. The company has a strong competitive position in a massive, high-growth industry, which should allow it to grow its revenue at impressive rates for many years to come.
Shares of OKTA can be purchased through any online brokerage account. Popular online brokerages with access to the U. What is Okta’s stock price today?
First, its platform is incredibly sticky. Once organizations start to adopts its products, it becomes embedded into the enterprise infrastructure, making it hard to switch out. Second, Okta has a solid pipeline of new customer prospects.
Is Okta (Okta) a great cybersecurity stock?
With its disruptive and market-leading Identity Cloud platform, Okta is at the epicenter of this cybersecurity paradigm shift — which, of course, positions OKTA stock for strong long-term gains.
The Okta Inc stock holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock.
Can Okta stock rise to $15 per share?
OKTA stock will be no exception. As profits roar from $0 to $15 per share over the next decade, OKTA stock will climb ever higher. Let’s not overcomplicate things here. Hybrid work is the future of work . Identity security is the future security model in the hybrid work future.
How much did Okta raise in its IPO?
(OKTA) raised $154 million in an initial public offering on Friday, April 7th 2017. The company issued 11,000,000 shares at a price of $13.00-$15.00 per share.
How did Okta’s earnings compare to analysts’estimates for the quarter?
The company reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.24) by $0.17. The business had revenue of $350.68 million for the quarter, compared to analysts’ expectations of $327.33 million. Okta had a negative net margin of 59.29% and a negative trailing twelve-month return on equity of 14.80%.