OKTA

Okta (OKTA) is receiving significant investor attention. The cloud identity management company has returned +2.7% over the past month, outperforming the broader market.

Okta holds a Zacks Rank #2 (Buy) rating with stable earnings estimates showing 13.4% year-over-year growth for the current quarter and 12.3% for the fiscal year. The company has consistently beaten both revenue and EPS consensus estimates over the trailing four quarters. However, the stock is trading at a premium valuation relative to peers, receiving an F grade on the Zacks Value Style Score.

Okta (OKTA) closed down 6.45% in the latest trading session, underperforming the S&P 500's 1.11% decline. The cloud identity management company is anticipated to report an EPS of $0.93 (up 13.41% YoY) with revenue forecasted at $815.52 million (up 9.91% YoY).

Okta holds a Zacks Rank of #3 (Hold) with a Forward P/E ratio of 57.68 and PEG ratio of 3.45. The Security industry ranks 172nd out of 250+ industries.

Okta (OKTA) closed at $220.20, up 1.01%, outperforming the S&P 500 which fell 0.47%. The stock has gained 26.2% over the past month.

Upcoming earnings are projected at $0.93 per share with 13.41% year-over-year growth, and annual revenue expected at $3.22 billion (+10.44% YoY). Okta holds a Zacks Rank #3 (Hold) with a Forward P/E of 55.51, trading in line with its industry average.