(VIANEWS) – Shares of Okta (NASDAQ: OKTA) rose by a staggering 20.16% in 10 sessions from $71.64 at 2023-02-27, to $86.08 at 13:43 EST on Wednesday, following the last session’s upward trend. NASDAQ is rising 0.03% to $11,533.60, after two sequential sessions in a row of losses.
Okta’s last close was $85.42, 54.78% below its 52-week high of $188.90.
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 Identity Cloud, a platform that offers a suite of products and services, 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 that enables organizations to extend the Okta Identity Cloud from the cloud to their existing on-premise applications; and Advanced Server Access to secure cloud infrastructure. It also provides Auth0 products, including Universal Login that 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 Auth0; and Organizations that enables customers to independent configurations, login experiences, and security options. It offers customer support, training, and professional services. 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 $-2.09.
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 -15.86%.
Yearly Top and Bottom Value
Okta’s stock is valued at $86.08 at 13:43 EST, way under its 52-week high of $188.90 and way above its 52-week low of $44.12.
Stock Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Okta’s stock is considered to be oversold (<=20).
Growth Estimates Quarters
The company’s growth estimates for the current quarter and the next is 150% and 100%, respectively.
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