Okta CEO Todd McKinnon sits down with Yahoo Finance’s Brian Sozzi to discuss the company's model of recurring subscriptions, macroeconomic uncertainty, its short- and long-term growth plans, succeeding in the tech industry amid the banking crisis, AI and ChatGPT, and the outlook for the company.
Shares of Zoom Video Communications (NASDAQ: ZM) and Okta (NASDAQ: OKTA) have both underperformed the market in the past year, but for very different reasons. Zoom is struggling to boost sales following the pandemic spike, yet remains highly profitable. Okta, on the other hand, is growing quickly but losing money.
Buying these high-quality stocks in the current bear market could prove to be an amazing deal in the long run.