The Stock Advisor Team April 13, 2018 Best Buys Now , Best Buy Now Article
Happy anniversary, Okta (NASDAQ: OKTA)! The business IT security company just celebrated one year on the public markets. As expected, its recently finished fiscal year showed a larger loss than the previous year. This was primarily due to significantly increased sales, general, and administrative expenses, something we fully expected. However, that paid off handsomely with over 60% revenue growth . Even better, the company's cash drain was smaller this year than last.
Okta added 400 new customers last quarter, and existing customers like Farmers Insurance are expanding their relationship, signing up for more products from Okta's suite. This is exactly what we want to see, and this should soon bring Okta positive cash flow and net income, rather than net losses.
Shares jumped following the release of preliminary results in late February, but we think the company has a long growth pathway ahead of it. Don't anchor on how far shares have moved up to date. Concentrate — as we do — on where the company can go in the future. Consider opening or adding to a position in this exciting company.
Successful Trading is the art of minimizing long term risk and maximizing capital allocation.
Recent OKTA News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/24/2024 10:02:01 PM
- Auth0 Takes “Free for Developers” to a New Level with More Users, More Security, Free MFA & Passwordless • Business Wire • 09/24/2024 12:00:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/20/2024 08:20:16 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/17/2024 09:43:04 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/17/2024 09:32:55 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/17/2024 09:30:57 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/17/2024 09:30:05 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/17/2024 09:29:07 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/17/2024 09:27:49 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/16/2024 08:34:24 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/29/2024 08:03:45 PM
- Okta to Present at Upcoming Investor Conferences • Business Wire • 08/29/2024 08:02:00 PM
- Nvidia, HP, Okta, Pure Storage Drop Post-Earnings; Salesforce, Nutanix, Affirm Surge • IH Market News • 08/29/2024 10:09:21 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/28/2024 08:02:24 PM
- Okta Announces Second Quarter Fiscal Year 2025 Financial Results • Business Wire • 08/28/2024 08:01:00 PM
- U.S. Futures Edge Up as Nvidia Earnings Loom, Oil Prices Slide • IH Market News • 08/28/2024 09:52:22 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/21/2024 09:07:28 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/15/2024 09:04:13 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/13/2024 08:13:59 PM
- Okta to Announce Second Quarter Fiscal Year 2025 Financial Results on August 28, 2024 • Business Wire • 08/01/2024 12:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/23/2024 09:04:10 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 07/19/2024 08:59:42 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/18/2024 09:15:24 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/18/2024 09:14:10 PM
- Okta Announces SaaS Startup Competition to Build New Identity Security Applications • Business Wire • 07/17/2024 05:24:00 PM
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