Okta Inc. (OKTA)’s Security Woes Continue to Haunt the Company

Insider Monkey05:37

We recently compiled a list of the 15 AI News and Ratings Grabbing Investor Attention. In this article, we are going to take a look at where Okta, Inc. (NASDAQ:OKTA) stands against the other AI stocks...

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(OKTA)’s Security Woes Continue to Haunt the Company\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-15 05:37 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/okta-inc-okta-security-woes-213731676.html><strong>Insider Monkey</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We recently compiled a list of the 15 AI News and Ratings Grabbing Investor Attention. In this article, we are going to take a look at where Okta, Inc. (NASDAQ:OKTA) stands against the other AI stocks...</p>\n\n<a href=\"https://finance.yahoo.com/news/okta-inc-okta-security-woes-213731676.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4116","symbol_name":"互联网服务与基础架构","start_time":0,"source_url":"https://finance.yahoo.com/news/okta-inc-okta-security-woes-213731676.html","article_id":"2483353667","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/IZIGzDc_jT9P0NiuwC8MvQ--~B/aD01MTI7dz03Njg7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/insidermonkey.com/4f033ce7d28244b7f821e639266d522d"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483353667","pubTimestamp":1731620251,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"We recently compiled a list of the 15 AI News and Ratings Grabbing Investor Attention. 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In this article, we are going to take a look at where Okta, Inc. (NASDAQ:OKTA) stands against the other AI stocks you should pay attention to.\nAI initiatives by businesses across the world are attracting the attention of investors. For example, the latest developments come from Finland, where Nokia, a once powerful phone maker who has now shifted focus towards telecom equipment, recently announced that it had purchased an application programming interface (API) hub and marketplace from US company Rapid. The hub is the largest of its kind in the world and is part of a larger effort by the Finnish company to boost revenues from 5G deployments. 5G tech has been a key reason for AI growth in the past few years. 5G speeds allow faster processing of AI tasks on mobile devices.\nRead more about these developments by accessing 10 Best AI Data Center Stocks and 10 Buzzing AI Stocks According to Goldman Sachs.\nAcross the pond, AI startup CoreWeave has secured more than $650 million in funding led by top names like Jane Street, Magnetar, Fidelity Management and Macquarie Capital. The startup specializes in providing cloud-based graphics processing unit (GPU) infrastructure to artificial intelligence developers. The company is now valued at more than $23 billion. In May this year, the firm was valued at $19 billion after a funding round led by investment firm Coatue that managed to raise over $1 billion. According to venture capital firm Accel, funding of AI and cloud companies in the US, Europe and Israel is estimated to hit $79.2 billion by the end of the year.\nRead more about these developments by accessing 30 Most Important AI Stocks According to BlackRock and Beyond the Tech Giants: 35 Non-Tech AI Opportunities.\nFor this article, we selected AI stocks by combing through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds. Why are we interested in the stocks that hedge funds pile into?\nThe reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).\n Stocks chart \nOkta, Inc. (NASDAQ:OKTA)\nMarket Capitalization: $13 Billion\nOkta, Inc. (NASDAQ:OKTA) owns and runs an identity management platform. One of the premier products of the firm is Identity Threat Protection, powered by Okta AI. Per the company, Okta AI is a mixture of machine learning and GenAI algorithms. The company is also working on a governance analyzer that suggests identity solutions for a company based on their policy setups. Last week, Morgan Stanley lowered the price target on Okta to $92 from $100 and kept an Equal Weight rating on the shares after Okta announced that it discovered a vulnerability where organizations without multi-factor authentication and usernames with 52 characters or more could allow its users to log in without a password being entered. The online and press reaction has not been favorable given multiple security incidents from Okta in the last couple of years, but the advisory thinks the impact of this vulnerability is likely minimal.\nOverall, OKTA ranks 14th on our list of the AI news and ratings grabbing investor attention. While we acknowledge the potential of OKTA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than OKTA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.\nREAD NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.\nDisclosure: None. This article is originally published at Insider Monkey.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2483353667"}