OKTA - Okta, Inc.
122.00 +2.43 (2.03%)
Pre-Market: 8:04AM EDT
| Previous Close | 122.26 |
| Open | 116.50 |
| Bid | 120.02 x 1300 |
| Ask | 138.00 x 1100 |
| Day's Range | 116.50 - 124.94 |
| 52 Week Range | 82.03 - 142.98 |
| Volume | 2,591,722 |
| Avg. Volume | 1,861,742 |
| Market Cap | 14.68B |
| Beta (5Y Monthly) | 0.89 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -1.78 |
| Earnings Date | Mar. 04, 2020 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 142.06 |
- TechCrunch
Okta launches Lifecycle Management Workflows to make building identity-centric processes easy
Okta, the popular identity and access management service, today used its annual (and now virtual) user conference to launch Lifecycle Management Workflows, a new tool that helps IT teams build and manage IFTTT-like automated processes with the help of an easy to use graphical interface. The new service is an extension of Okta's existing automation tools. The same goes for offboarding workflows and username creation.
- Business Wire
Introducing Okta Lifecycle Management Workflows: Automate the Most Complex Processes Across the Enterprise Without Code
Okta, Inc. (NASDAQ:OKTA), the leading independent provider of identity for the enterprise, today at Oktane20 Live announced Okta Lifecycle Management Workflows for Workforce Identity. The unique no-code feature of Okta Lifecycle Management deepens the power of identity within an organization by seamlessly automating some of the most complex, customized provisioning use cases. Generally available today as part of Okta’s Advanced Lifecycle Management offering, Workflows provides IT teams with a clean graphical user interface to build automated business processes without code.
- Bloomberg
Okta Partners with VMware, CrowdStrike to Boost Log-In Security
(Bloomberg) -- Okta Inc., a maker of identity management software, unveiled three cybersecurity partnerships meant to help safeguard corporate networks while millions of employees have been forced to work remotely.Okta announced the agreements Wednesday with VMware Inc.’s Carbon Black unit, CrowdStrike Holdings Inc. and Tanium Inc., companies that help protect networks and applications from unsafe software and devices. The software maker detailed the pacts ahead of its annual conference, which is now a virtual event because of stay-at-home orders in California resulting from the coronavirus pandemic. The San Francisco-based company makes software that helps users access various applications with one set of credentials. The partnerships were in the works before the pandemic, but have taken on new urgency as organizations rush to make sure hackers don’t infiltrate their systems while so many employees work form home.Okta has become a favorite of investors the past few years as it sought to integrate with other software makers and burnish its image as an open and neutral vendor. The company’s shares have jumped almost sevenfold since its April 2017 initial public offering, and have gained 6% this year despite the market’s plunge.“With Covid-19, where everyone is trying to work from home, the ability to do work in a secure environment and integrating that together is more important than it’s ever been,” Chief Executive Officer Todd McKinnon said in an interview. “Carbon Black is scanning the device for malware and viruses. This information pumps that right into Okta. If your device has anything bad on it from a security standpoint, you can’t get in anywhere.”Okta and VMware had already been working together, but their accord has expanded to include Carbon Black, a cybersecurity vendor VMware acquired in October. VMware will be Okta’s premier partner in its effort to boost endpoint security, executives from both companies said, reflecting the virtualization software company’s large size and long list of customers. The joint effort, which is expected to be available to customers in the fourth quarter of this year, will reduce the need for employees to access corporate networks with cumbersome numbers or token systems, Sanjay Poonen, VMware’s chief operating officer of customer operations, said in an interview. Products from Crowdstrike and Tanium will integrate with Okta’s software in a similar way, the company said.McKinnon said that some clients are accelerating efforts to boost log-in security, but others had delayed efforts to adopt Okta’s software in the midst of Covid-19. The company will update investors on its business outlook on the sidelines of the annual conference. For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Business Wire
Okta Platform Services Delivers New Functionality, Extensibility to the Industry’s Leading Independent Identity Platform
Okta, Inc. (NASDAQ:OKTA), the leading independent provider of identity for the enterprise, today at Oktane20 Live introduced Okta Platform Services, foundational, service-oriented technologies at the heart of the Okta Identity Cloud. Okta Platform Services enable Okta to meet unlimited workforce and customer identity use cases that customers and partners can access through out of the box products, APIs, and integrations. Okta Workflows and Okta Devices as well as expanded Okta Identity Engine capabilities join Okta Integrations, Okta Directories, and Okta Insights platform services to further evolve the industry’s leading independent and neutral cloud identity platform.
- Business Wire
Okta Strengthens Connection between Identity and Devices Through Strategic Endpoint Protection and Management Partnerships with VMware Carbon Black, CrowdStrike, and Tanium
Okta, Inc. (NASDAQ:OKTA), the leading independent provider of identity for the enterprise, today at Oktane20 Live announced new strategic partnerships with leading endpoint protection and management providers VMware Carbon Black, CrowdStrike, and Tanium. The new integration partnerships provide a broad set of device risk signals to the Okta Identity Cloud, enabling enterprises to combine endpoint risk detection with user identity to deliver unparalleled access security. Made possible through the new Okta Verify application and the Okta Devices Platform Service, these integrations pave the way to enhanced risk analysis and access decisions in a Zero Trust environment.
- Business Wire
Okta Unveils Okta FastPass: The End of Passwords at Work
Okta, Inc. (NASDAQ:OKTA), the leading independent provider of identity for the enterprise, today at Oktane20 Live announced Okta FastPass, the first truly passwordless login experience across devices, applications, and operating systems including iOS, iPadOS, macOS, Android, and Windows. With Okta FastPass, employees can access their applications on any device without ever needing to enter a password.
- Business Wire
Okta Hosts Virtual Investor Day in Conjunction with Oktane20 Live
Okta, Inc. (NASDAQ: OKTA), the leading independent provider of identity for the enterprise, is hosting its virtual Investor Day today in conjunction with Oktane20 Live. Investor Day and Oktane20 Live will commence with a keynote address delivered by Todd McKinnon, Chief Executive Officer and co-founder of Okta, beginning at 9:00 a.m. Pacific Daylight Time.
- Business Wire
Okta Announces Major Updates to the Okta Partner Connect Program
Okta, Inc. (NASDAQ:OKTA), the leading independent provider of identity for the enterprise, today at Oktane20 Live announced major updates and additions to its successful Okta Partner Connect program to propel partner sales growth in the new fiscal year. The new program offerings are designed to give partners additional resources along with deep Okta knowledge to run full sales cycles and solve complex customer challenges.
- Yahoo Finance
Coronavirus selloff spares cybersecurity stocks because security is a 'corporate need'
Cybersecurity stocks have seen a boost as more companies shift to work from home.
- Business Wire
Okta Extends Invitation to Join Investor Day Webcast
Okta, Inc. (NASDAQ: OKTA), the leading independent provider of identity for the enterprise, today announced that it will webcast its Investor Day in conjunction with Oktane20 Live on Wednesday, April 1, 2020. The event will begin at 9:00 a.m. PDT with the Oktane20 Live Opening Keynote. Investor Day content will begin at 11:00 a.m. PDT.
- Simply Wall St.
Is Now An Opportune Moment To Examine Okta, Inc. (NASDAQ:OKTA)?
Okta, Inc. (NASDAQ:OKTA) received a lot of attention from a substantial price movement on the NASDAQGS over the last...
- Zacks
Okta (OKTA) Reports Q4 Loss, Tops Revenue Estimates
Okta (OKTA) delivered earnings and revenue surprises of 80.00% and 7.42%, respectively, for the quarter ended January 2020. Do the numbers hold clues to what lies ahead for the stock?
- Business Wire
Okta Works with Zurich North America to Provide Seamless, Secure Experiences for Workforce and Customers with the Okta Identity Cloud
Okta, Inc. (NASDAQ:OKTA), the leading independent provider of identity for the enterprise, today announced Zurich North America, one of the largest providers of insurance solutions and services, has successfully implemented the Okta Identity Cloud to securely manage and streamline access to critical technology for its global workforce and customer base. Okta also announced financial results for its fourth fiscal quarter, and FY20, as well as new customers and expanded partnerships in Q4 FY20, including Autodesk, Best Western Hotels, Bremer Bank, Canadian Western Bank, Eaton, First National Bank of Nebraska, Nomad Foods, NTT DATA, Nvidia, and SmileDirectClub.
- Business Wire
Okta Announces Strong Fourth Quarter and Fiscal 2020 Financial Results
Okta, Inc. (NASDAQ: OKTA), the leading independent provider of identity for the enterprise, today announced financial results for its fourth quarter and fiscal year ended January 31, 2020.
- ACCESSWIRE
Okta, Inc. to Host Earnings Call
NEW YORK, NY / ACCESSWIRE / March 5, 2020 / Okta, Inc. (OKTA) will be discussing their earnings results in their 2020 Fourth Quarter Earnings call to be held on March 5, 2020 at 5:00 PM Eastern Time. To ...
- Zacks
Okta (OKTA) to Report Q4 Earnings: What's in the Cards?
Okta's (OKTA) continued investments are expected to have kept fourth-quarter fiscal 2020 margin under pressure despite higher adoption of Identity solutions.
- Zacks
Analysts Estimate Okta (OKTA) to Report a Decline in Earnings: What to Look Out for
Okta (OKTA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- Zacks
Okta (OKTA) Dips More Than Broader Markets: What You Should Know
Okta (OKTA) closed at $138.76 in the latest trading session, marking a -0.53% move from the prior day.
- Bloomberg
Dell Offloads RSA Cyber Unit to Consortium for $2.08 Billion
(Bloomberg) -- Dell Technologies Inc. has sold one of its cybersecurity units, RSA, to a consortium led by Symphony Technology Group, Ontario Teachers’ Pension Plan Board and AlpInvest Partners, part of the computer maker’s efforts to streamline its business.The $2.08 billion all-cash transaction is expected to close in the next six to nine months, the companies said Tuesday in a statement. Bloomberg News reported in November that Round Rock, Texas-based Dell was exploring a sale of RSA.The tech giant has sought to simplify its sprawling empire of hardware, software and security businesses that operate under the Dell Technologies banner, seeking to keep up with changing industry trends and to pay down debt. VMware Inc., the software maker majority-owned by Dell, purchased Pivotal Software Inc. after that company, partially owned by Dell, struggled on the public markets. By selling RSA, Dell is offloading an asset that has had trouble competing with more modern rivals such as Okta Inc.“This is the right long-term strategy for Dell, RSA and our collective customers and partners,” Jeff Clarke, the chief operating officer and vice chairman of Dell, said in the statement. “The transaction will further simplify our business and product portfolio.”As of November, Dell said it had repaid more than $18 billion in gross debt since its EMC Corp. acquisition, announced at $67 billion, closed three years ago and was on target to repay about $5 billion of gross debt in fiscal 2020.To contact the reporter on this story: Nico Grant in San Francisco at ngrant20@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Andrew PollackFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Zacks
Okta (OKTA) Outpaces Stock Market Gains: What You Should Know
Okta (OKTA) closed the most recent trading day at $137.27, moving +1.11% from the previous trading session.
- Bloomberg
Snowflake Vaults to $12 Billion Valuation, Partners with Salesforce
(Bloomberg) -- Snowflake Inc., a maker of cloud-based databases, raised $479 million in its latest funding round, boosting the company’s valuation to $12.4 billion. It also announced a strategic partnership with Salesforce.com Inc.Snowflake sells a type of database that compiles information from various sources so it can be analyzed. The company competes against Amazon.com Inc.’s Redshift product as well as those from industry stalwart Oracle Corp., which has stumbled in the cloud-computing market. Snowflake’s use among clients more than tripled in 2019, making it the fastest-growing cloud-based business software product, according to Okta Inc.’s annual Business @ Work report last month. Snowflake’s new valuation will boost it to No. 13 among global startups, according to data from CB Insights. The company previously was valued at $3.9 billion.The increased valuation came about as part of the new relationship with Salesforce, Frank Slootman, Snowflake’s chief executive officer, said Friday in an interview. “They want to invest in the company as a condition of the partnership,” he said. “They want to benefit from the upside from them being a partner.”Salesforce Ventures, the investment arm of the customer-relations software maker, and Dragoneer Investment Group, which led the fundraising, each contributed half of the round, he said.Slootman said the company recently added two new female board members, Kelly Kramer, the chief financial officer of Cisco Systems Inc., and Teresa Briggs, a former executive at Deloitte LLP. Snowflake is preparing to make the leap to the public markets by the end of 2021, Slootman said.Existing Snowflake backers, including Altimeter Capital, Iconiq Capital, Madrona Venture Group and others, are expected to participate in another investment closing “within the next few weeks,” according to Snowflake.Snowflake said its alliance with Salesforce will involve products, marketing and sales efforts. It will release further details on the relationship in June. Slootman said that Salesforce and Snowflake will make it easier to transfer data between their systems, a process he currently describes as “clunky, slow, and expensive.”In some past instances, Salesforce has eventually acquired portfolio companies. To contact the author of this story: Nico Grant in San Francisco at ngrant20@bloomberg.netTo contact the editor responsible for this story: Andrew Pollack at apollack1@bloomberg.net, Anne VanderMeyFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Business Wire
Okta Brings Aboard Cloud Platform Veteran Craig Weissman as Chief Architect
Okta, Inc. (NASDAQ:OKTA), the leading independent provider of identity for the enterprise, today announced the hiring of Craig Weissman as Chief Architect, effective immediately. Weissman brings a proven track record of more than 20 years leading enterprise software development and cloud architecture, having played a pivotal role as Chief Technology Officer at Salesforce before co-founding cloud hospitality provider, Duetto. Weissman will join Okta’s engineering team, working alongside fellow Chief Architects Jon Todd and Karl McGuinness to further grow the most robust identity platform for enterprises.
- Business Wire
Okta Announces Date for its Fourth Quarter and Fiscal Year 2020 Earnings Conference Call
Okta, Inc. (NASDAQ: OKTA), the leading independent provider of identity for the enterprise, today announced that it will release its financial results for its fourth quarter and fiscal year 2020 ended January 31, 2020 after the U.S. market close on Thursday, March 5, 2020. Okta will host a conference call that day at 2:00 p.m. Pacific time (5:00 p.m. Eastern time) to discuss the results.
Yahoo Finance VideoThere's "an uptick in cyber security & cyber threats" with remote work: Okta Co-Founder
Okta Co-Founder & COO Frederic Kerrest joins Yahoo Finance’s Zack Guzman and Brian Cheung to discuss the outlook on cyber security as more people turn to working at home amid the coronavirus outbreak.
