(VIANEWS) – Shares of Okta (NASDAQ: OKTA) slid by a staggering 21.64% to $71.22 at 10:09 EST on Thursday, after three successive sessions in a row of gains. NASDAQ is falling 0.63% to $12,935.29, following the last session’s downward trend. This seems, at the moment, a somewhat negative trend exchanging session today.
Okta’s last close was $90.90, 18.37% under its 52-week high of $111.35.
About Okta
Okta, Inc. provides identity solutions for enterprises, small and medium-sized businesses, universities, non-profits, and government agencies in the United States and internationally. The company offers Okta's, a suite of products and services is used to manage and secure identities, such as Universal Directory, a cloud-based system of record to store and secure user, application, and device profiles for an organization; Single Sign-On that enables users to access applications in the cloud or on-premise from various devices; Adaptive Multi-Factor Authentication provides a layer of security for cloud, mobile, Web applications, and data; Lifecycle Management that enables IT organizations or developers to manage a user's identity throughout its lifecycle; API Access Management that enables organizations to secure APIs; Access Gateway enables organizations to extend the Workforce Identity Cloud; Advanced Server Access to manage and secure cloud infrastructure; and Okta Identity Governance, an identity access management and identity governance solutions. It also provides Universal Login allows customers to provide login experience across different applications and devices; Attack Protection, a suite of security capabilities that protect from malicious traffics; Adaptive Multi-Factor Authentication that minimizes friction to end users; Passwordless authentication enables users to login without a password and supports in various login methods; Machine to Machine provides standards-based authentication and authorization; Private Cloud that allows customers to run a dedicated cloud instance of Customer Identity Cloud; In addition, the company provides organization; Actions and Extensibility; and Enterprise Connections. It sells its products directly to customers through sales force and channel partners. The company was formerly known as Saasure, Inc. Okta, Inc. was incorporated in 2009 and is headquartered in San Francisco, California.
Earnings Per Share
As for profitability, Okta has a trailing twelve months EPS of $-5.5.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is negative -14.31%.
Growth Estimates Quarters
The company’s growth estimates for the present quarter and the next is 148.1% and 270%, respectively.
Volatility
Okta’s last week, last month’s, and last quarter’s current intraday variation average was 2.44%, 1.36%, and 2.32%.
Okta’s highest amplitude of average volatility was 2.44% (last week), 2.36% (last month), and 2.32% (last quarter).
Revenue Growth
Year-on-year quarterly revenue growth grew by 33.3%, now sitting on 1.86B for the twelve trailing months.
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