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0 0.00223713646532442 0.00223713646532442 0.00223713646532442 -0.0100671140939598 -0.00134228187919468 -0.00760626398210298 -0.00324384787472043
Stock impact report

OKTA Identity Solutions Gains Users: Should You Buy the Stock? [Yahoo! Finance]

Okta, Inc. - Class A (OKTA) 
Last okta, inc. - class a earnings: 3/5 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.okta.com
Company Research Source: Yahoo! Finance
It exited the first quarter of fiscal 2025 with the total customer count increasing 6% year over year to 19,100. Customers with more than $100K in Annual Contract Value (ACV) increased 12% year over year to 4,550. OKTA added 400 new customers in the reported quarter, out of which 160 customers were in the $100K-plus ACV category. Okta's expanding user base has been a key catalyst. It is protecting customers by blocking more than 2 billion security attacks a month, and expects these numbers to grow. OKTA's revenues are expected to witness a CAGR of 25% between fiscal 2022 and fiscal 2025. In fiscal 2023, the customer base increased 17.3% from fiscal 2022, while in fiscal 2024, clientele jumped 7.7% over fiscal 2023. However, the current level at which Okta shares are trading doesn't reflect these positive factors in our view. Shares have declined 1.5% year to date, underperforming the broader Zacks Computer & Technology sector's return of 6.7% and the Zacks Internet Software an Show less Read more
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