Okta (OKTA) Stock Sinks As Market Gains: What You Should Know

Zacks11-19

In the latest market close, Okta (OKTA) reached $72.88, with a -1.06% movement compared to the previous day. This move lagged the S&P 500's daily gain of 0.39%. At the same time, the Dow lost 0.13%, ...

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At the same time, the Dow lost 0.13%, ...</p>\n\n<a href=\"https://finance.yahoo.com/news/okta-okta-stock-sinks-market-225004091.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Okta (OKTA) Stock Sinks As Market Gains: What You Should Know</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOkta (OKTA) Stock Sinks As Market Gains: What You Should Know\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-19 06:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/okta-okta-stock-sinks-market-225004091.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>In the latest market close, Okta (OKTA) reached $72.88, with a -1.06% movement compared to the previous day. This move lagged the S&P 500's daily gain of 0.39%. At the same time, the Dow lost 0.13%, ...</p>\n\n<a href=\"https://finance.yahoo.com/news/okta-okta-stock-sinks-market-225004091.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":"BK4560","symbol_name":"网络安全概念","start_time":0,"source_url":"https://finance.yahoo.com/news/okta-okta-stock-sinks-market-225004091.html","article_id":"2484930803","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/9tpS8u8rAmiEoUItmUZeOA--~B/aD02MDE7dz05MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/090f58c1efbe3555b861102525e50b39"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2484930803","pubTimestamp":1731970204,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"In the latest market close, Okta  reached $72.88, with a -1.06% movement compared to the previous day. This move lagged the S&P 500's daily gain of 0.39%. At the same time, the Dow lost 0.13%, and the tech-heavy Nasdaq gained 0.6%.Shares of the cloud identity management company witnessed a loss of 1.55% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 0.59% and the S&P 500's gain of 1.06%.Analysts and investors alike will be keeping a close eye on the performance of Okta in its upcoming earnings disclosure. The company's earnings report is set to go public on December 3, 2024. The company is forecasted to report an EPS of $0.57, showcasing a 29.55% upward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $649.42 million, indicating a 11.2% increase compared to the same quarter of the previous year.The Zacks Industry Rank assesses the strength of our separ","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4560":"网络安全概念","BK4528":"SaaS概念","BK4588":"碎股","BK4116":"互联网服务与基础架构","OKTA":"Okta Inc.","LU2286300806.USD":"Allianz Cyber Security AT Acc USD","BK4585":"ETF&股票定投概念"},"translate_title":"Okta(OKTA)股票随着市场上涨而下跌：您应该知道什么","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"OKTA":1},"content_text":"In the latest market close, Okta (OKTA) reached $72.88, with a -1.06% movement compared to the previous day. This move lagged the S&P 500's daily gain of 0.39%. At the same time, the Dow lost 0.13%, and the tech-heavy Nasdaq gained 0.6%.\nShares of the cloud identity management company witnessed a loss of 1.55% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 0.59% and the S&P 500's gain of 1.06%.\nAnalysts and investors alike will be keeping a close eye on the performance of Okta in its upcoming earnings disclosure. The company's earnings report is set to go public on December 3, 2024. The company is forecasted to report an EPS of $0.57, showcasing a 29.55% upward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $649.42 million, indicating a 11.2% increase compared to the same quarter of the previous year.\nFor the full year, the Zacks Consensus Estimates are projecting earnings of $2.61 per share and revenue of $2.56 billion, which would represent changes of +63.13% and +13.2%, respectively, from the prior year.\nAny recent changes to analyst estimates for Okta should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.\nBased on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.\nThe Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 1.23% increase. Okta is currently sporting a Zacks Rank of #3 (Hold).\nIn terms of valuation, Okta is presently being traded at a Forward P/E ratio of 28.27. This signifies a premium in comparison to the average Forward P/E of 17.2 for its industry.\nIt is also worth noting that OKTA currently has a PEG ratio of 1.32. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Internet - Software and Services was holding an average PEG ratio of 1.5 at yesterday's closing price.\nThe Internet - Software and Services industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 22, placing it within the top 9% of over 250 industries.\nThe Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.\nDon't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nOkta, Inc. (OKTA) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","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":"4.29.2","shortVersion":"4.29.2","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/2484930803"}