Okta Inc. (OKTA)

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Uber Collapses, Okta Rises, Microsoft Beats Amazon: 2019’s Most Astonishing Tales
By: TheStreet | December 23, 2019

• From the surge in Bitcoin to the collapse of the IPO class of 2019, it was a wild year. Here's how to understand what of any of these things means anything.

A lot can happen in a year that’s surprising, but what, if any of it, has enduring importance?

TheStreet has tallied up a few things that happened to tech stocks this year that stand out as unusual, or at least, not expected by the majority of investors. Some were merely blips on the radar, irrelevant to long-term investing, but others have longer-term import.

Amidst the crashing of high-flying stocks, Okta (OKTA) emerged as a survivor. Okta makes software to authenticate corporate employees, such as “single sign-on” for corporate applications, a password that works across numerous corporate software packages. It was surprising to see a single young company so outpace the rest of the pack. Its financial achievement is real. The company’s revenue estimates for this year and next have been rising all year, and now represent a heady 44% rate of annual growth...

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