Downtrodden Okta Stock Still Has a Chance to Shine Again

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Downtrodden Okta Stock Still Has a Chance to Shine Again

InvestorPlace2021-06-18

OKTA stock is a well-positioned player in the increasingly hot cybersecurity space In May 2021, multiple accounts associated with hacking group DarkSide received $4.4 million worth of ransom in ...

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huathuatkiak
·2021-06-18
Njc
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Andrina A
·2021-06-18
Like and share
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Andrina A
·2021-06-18
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Rewn
·2021-06-18
Time to soar
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Barbarazhao
·2021-06-18
Yes. It will Shine again
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crtyn
·2021-06-18
Like and comment, thanks
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- ShenSiang:
  Reply please
  2021-06-18
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Miao94
·2021-06-18
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myomyinthan
·2021-06-18
Please like and comment
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- Venus888:
  ok. pls like and comment
  2021-06-18
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szueyann
·2021-06-18
Please like and comment. Thanks
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larkygal
·2021-06-18
Pls like n connent thx
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- badtzmaru:
  Thanks
  2021-06-18
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- szueyann:
  ok
  2021-06-18
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RexChuah
·2021-06-18
Please like and comment
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- szueyann:
  ok
  2021-06-18
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ivy888
·2021-06-18
Please comment
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- kentt0414:
  Comment back pls
  2021-06-18
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fearedhouse
·2021-06-18
Like pls
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- ivy888:
  done
  2021-06-18
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- szueyann:
  done
  2021-06-18
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Racheltestin
·2021-06-18
Like and comment pls thank you :)
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- KingOfRoarrrReplying toKingOfRoarrr:
  Add friends? Hehe
  2021-06-25
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- KingOfRoarrr:
  [What]
  2021-06-21
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- KingOfRoarrr:
  Thks
  2021-06-18
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edgetrader
·2021-06-18
I love cybersecurity
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michieru
·2021-06-18
Like and comment
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- FreebigmoNeY:
  Ok
  2021-06-18
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- szueyann:
  ok
  2021-06-18
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Mib1515
·2021-06-18
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- MamaLee:
  Ok
  2021-06-18
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guantanamo
·2021-06-18
many stocks will rise back! believe!
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- Matt157:
  Yes
  2021-06-18
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BenYSLim
·2021-06-18
How to get my post featured? Like n comment
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- vivo8787:
  Wish to know also. Thank!
  2021-06-18
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PKLim
·2021-06-18
Great. Please like n comment
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- PKLimReplying toKu9787:
  [得意]
  2021-06-18
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- Ku9787Replying toPKLim:
  Done
  2021-06-18
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- PKLim:
  thanks
  2021-06-18
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The impact of this attack led to a significant increase in gas prices. It also left some stations on the East Coast empty for a period. Ultimately, this event thrust cybersecurity stocks like Okta(NASDAQ:OKTA) stock back into the spotlight.\nYou might be quick to add OKTA stock to your list of cybersecurity companies to buy after this attack. After all, it’s a company that specializes in identity security. However, the bullish case doesn’t come without some challenges.\nSo, here’s a closer look at whether Okta is worth buying in 2021.\nOKTA Stock Has Ongoing Advantages\nWhile some investing trends come and go (just take a look at the whacky ridememe stockshave been going on), one thing is guaranteed moving forward. Cybersecurity — and the companies that specialize in the space — will remain invaluable.\nIn our increasingly hyper-connected world, the need for digital security services has no end. When it comes to Okta’s offerings in this space, it provides high-quality security solutions to identity protection.\nBreaking it down a bit further, the company offers a cloud-based security system that’s capable of intertwining with on-site applications. It’s designed to support modern work-based ecosystems that frequently rely on a combination of multiple cloud applications, user devices like laptops and phones, as well as external users’ (customers or business partners) systems and own custom apps.\nThe more “inhabitants” in the ecosystem, the greater the number of security risks it carries (and the more complex it becomes for IT teams to handle). So, rather than require multiple logins for each element and user, Okta links them through a single sign-on using its secure process. Okta also allows you to combine multi-factor authentication functionality with its customizable “Universal Directory.” Essentially, this helps IT teams determine the level of access per user within the entire system.\nThat’s a super fancy way of saying Okta’s services are a strong solution to your modern IT team’s day-to-day problems. According to the company, it enables companies to “[overcome] the economic and technological limitations of any legacy identity management scheme […] [they] are currently using.”\nThis is all highly relevant to the investment thesis behind OKTA stock. After all, its unique security solution is the lifeblood of the company’s future. And that future is bright.\nWith the onset of an increasingly remote workforce upon us, alongside the arrival of a“Cyber Pandemic,”— both of which were byproducts of the social impact of Covid-19 — IT solutions should remain hot commodities long-term. Consider the following:\n\n“The percentage of workers permanently working from home is expected to doublein 2021.”\n“Worldwide cybercrime costs will hit $6 trillion annually by 2021.”\n“Security services accounted for an estimated 50% of cybersecurity budgets in 2020.”\nLooking at the frequency of ransomware attacks alone, the rate has increased from one every 40 seconds in 2016 to an attack every 11 seconds in 2021.\n\nClearly, companies are now willing to fork out the dough to stay safe. And the need for this safety is only growing. All of this should keep Okta in business for years to come. It should also help drive OKTA stock over a longer-term time frame.\nBut, as with most investment cases, things aren’t that simple.\nThe Downsides with Okta\nWhile OKTA stock had a strong run in 2020 (a 115% increase), it’s down about 10% so far in 2021. Much of that could be attributed to the pandemic catalyst tapering off. However, slowing revenue growth is another likely cause.\nLast year, Okta experienced massive 40% growth. The company now projects 30% revenue growth for next year. AsThe Motley Fool’s Travis Hoium explains, “with growth stocks, any reduction in the expected growth rate of the company can cause shares to plummet.”\nThe difference between 30% and 40% growth might not seem significant to some. However, several analysts issued price-target downgrades on the news earlier this year. Piper Sandler issued a cut to $235 from their $250 price target (a 6% reduction). Likewise, BMO Capital Markets changed its target from $285 to $265 (a 7% reduction).\nThe reduced growth projections (alongside dwindling post-pandemic hype) is a large reason for Okta’s pain in 2021. But there are also valuation concerns to contend with. At the start of the year, tech stocks suffered a selloff. Much of that’s due to inflated valuations within the space and continuing concerns that we’re in a tech bubble.\nWhether or not you agree with that broader market assessment, many argue that the valuation for OKTA stock is pricey relative to its peers. Plus, this concern gains further traction when you consider the following: “More than 70 percent of security executives believe that their budgets for fiscal year 2021 will shrink.” If these executives are correct, that could intensify the prospective reduction in Okta’s growth.\nIs OKTA Stock an Ugly Buy?\nThat certainly puts a dent in the bullish case for OKTA stock. But I don’t think it should be taken as a sign of complete doom.\nWhen it comes to Okta, there’s nothing exceptionallyuglyabout the company. However, the valuation and growth concerns are legitimate, depending on what you expect from the stock. As such, there are at least two core questions to ask yourself moving forward:\n\nDo you expect Okta to continue growing near the 40% rate it enjoyed last year?Okta projects a 10% reduction in growth and this coincides with the anticipated reduction in security budgets for 2021 (70%-plus of executives expect this to happen). If you’re looking for Okta to keep growing at a higher rate, then it might be time to walk away.\nDo you believe in Okta’s long-term viability?As mentioned earlier, the world is only getting more remote and IT security systems are only getting more intricate and necessary. Okta is a key player in this space and its services are generally well-regarded. If it continues to produce high-quality solutions, the company should have a strong foundation for continued growth (albeit at a less impressive rate).\n\nUltimately, when it comes to OKTA stock, I don’t think there’s reason to drop it. Unless, of course, you’re seeking more impressive growth narratives. Moving forward, longer-term investors ought to pay close attention to its continued viability to compete successfully in the cybersecurity space.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":168479674,"gmtCreate":1623982209798,"gmtModify":1703825458721,"author":{"id":"3583895494481567","authorId":"3583895494481567","name":"huathuatkiak","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3583895494481567","authorIdStr":"3583895494481567"},"htmlText":"Njc","listText":"Njc","text":"Njc","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/168479674","repostId":1197275653,"repostType":4,"repost":{"id":"1197275653","kind":"news","pubTimestamp":1623976968,"share":"https://ttm.financial/m/news/1197275653?lang=&edition=fundamental","pubTime":"2021-06-18 08:42","market":"us","language":"en","title":"Downtrodden Okta Stock Still Has a Chance to Shine Again","url":"https://stock-news.laohu8.com/highlight/detail?id=1197275653","media":"InvestorPlace","summary":"OKTA stock is a well-positioned player in the increasingly hot cybersecurity space\nIn May 2021, mult","content":"OKTA stock is a well-positioned player in the increasingly hot cybersecurity space\nIn May 2021, multiple accounts associated with hacking group DarkSide received $4.4 million worth of ransom in&nbsp;Bitcoin(CCC:BTC-USD) after a cyberattack on the Colonial Pipeline. The impact of this attack led to a significant increase in gas prices. It also left some stations on the East Coast empty for a period. Ultimately, this event thrust&nbsp;cybersecurity stocks&nbsp;like&nbsp;Okta(NASDAQ:OKTA) stock back into the spotlight.\nYou might be quick to add OKTA stock to your list of cybersecurity companies to buy after this attack. After all, it’s a company that specializes in identity security. However, the bullish case doesn’t come without some challenges.\nSo, here’s a closer look at whether Okta is worth buying in 2021.\nOKTA Stock Has Ongoing Advantages\nWhile some investing trends come and go (just take a look at the whacky ridememe stockshave been going on), one thing is guaranteed moving forward. Cybersecurity — and the companies that specialize in the space — will&nbsp;remain&nbsp;invaluable.\nIn our increasingly hyper-connected world, the need for digital security services has no end. When it comes to Okta’s offerings in this space, it provides&nbsp;high-quality security solutions&nbsp;to identity protection.\nBreaking it down a bit further, the company offers a&nbsp;cloud-based security system&nbsp;that’s capable of intertwining with on-site applications. It’s designed to support modern work-based ecosystems that frequently rely on a combination of multiple cloud applications, user devices like laptops and phones, as well as external users’ (customers or business partners) systems and&nbsp;own custom apps.\nThe more “inhabitants” in the ecosystem, the greater the number of security risks it carries (and the more complex it becomes for IT teams to handle). So, rather than require multiple logins for each element and user, Okta links them through a single sign-on using its secure process. Okta also allows you to combine multi-factor authentication functionality with its customizable “Universal Directory.” Essentially, this helps IT teams determine the level of access per user within the entire system.\nThat’s a super fancy way of saying Okta’s services are a strong solution to your modern IT team’s day-to-day problems. According to the company, it enables companies to “[overcome] the economic and technological limitations of any legacy identity management scheme […] [they] are currently using.”\nThis is all highly relevant to the investment thesis behind OKTA stock. After all, its unique security solution is the lifeblood of the company’s future. And that future is bright.\nWith the onset of an increasingly remote workforce upon us, alongside the arrival of a“Cyber Pandemic,”— both of which were byproducts of the social impact of Covid-19 — IT solutions should remain hot commodities long-term. Consider the following:\n<ul>\n <li>“The percentage of workers permanently working from home is&nbsp;expected to doublein 2021.”</li>\n <li>“Worldwide cybercrime costs will hit&nbsp;$6 trillion annually by 2021.”</li>\n <li>“Security services accounted for an estimated 50% of cybersecurity budgets in 2020.”</li>\n <li>Looking at the frequency of ransomware attacks alone, the rate has increased from one every 40 seconds in 2016 to an attack&nbsp;every 11 seconds in 2021.</li>\n</ul>\nClearly, companies are now willing to fork out the dough to stay safe. And the need for this safety is only growing. All of this should keep Okta in business for years to come. It should also help drive OKTA stock over a longer-term time frame.\nBut, as with most investment cases, things aren’t&nbsp;that&nbsp;simple.\nThe Downsides with Okta\nWhile OKTA stock had a strong run in 2020 (a 115% increase), it’s down about 10% so far in 2021. Much of that could be attributed to the pandemic catalyst tapering off. However, slowing revenue growth is another likely cause.\nLast year, Okta experienced massive 40% growth. The company now&nbsp;projects 30% revenue growth&nbsp;for next year. AsThe Motley Fool’s&nbsp;Travis Hoium&nbsp;explains, “with&nbsp;growth stocks, any reduction in the expected growth rate of the company can cause shares to plummet.”\nThe difference between 30% and 40% growth might not seem significant to some. However, several analysts issued price-target downgrades on the news earlier this year. Piper Sandler issued a cut to $235 from their $250 price target (a 6% reduction). Likewise, BMO Capital Markets changed its target from $285 to $265 (a 7% reduction).\nThe reduced growth projections (alongside dwindling post-pandemic hype) is a large reason for Okta’s pain in 2021. But there are also valuation concerns to contend with. At the start of the year, tech stocks suffered a selloff. Much of that’s due to inflated valuations within the space and continuing&nbsp;concerns that we’re in a tech bubble.\nWhether or not you agree with that broader market assessment, many argue that the valuation for OKTA stock is&nbsp;pricey relative to its peers. Plus, this concern gains further traction when you consider the following: “More than 70 percent&nbsp;of security executives believe that their budgets for fiscal year 2021 will shrink.” If these executives are correct, that could intensify the prospective reduction in Okta’s growth.\nIs OKTA Stock an Ugly Buy?\nThat certainly puts a dent in the bullish case for OKTA stock. But I don’t think it should be taken as a sign of complete doom.\nWhen it comes to Okta, there’s nothing exceptionallyuglyabout the company. However, the valuation and growth concerns are legitimate, depending on what you expect from the stock. As such, there are at least two core questions to ask yourself moving forward:\n<ul>\n <li>Do you expect Okta to continue growing near the 40% rate it enjoyed last year?Okta projects a 10% reduction in growth and this coincides with the anticipated reduction in security budgets for 2021 (70%-plus of executives expect this to happen). If you’re looking for Okta to keep growing at a higher rate, then it might be time to walk away.</li>\n <li>Do you believe in Okta’s long-term viability?As mentioned earlier, the world is only getting more remote and IT security systems are only getting more intricate and necessary. Okta is a key player in this space and its services are generally well-regarded. If it continues to produce high-quality solutions, the company should have a strong foundation for continued growth (albeit at a less impressive rate).</li>\n</ul>\nUltimately, when it comes to OKTA stock, I don’t think there’s reason to drop it. Unless, of course, you’re seeking more impressive growth narratives. Moving forward, longer-term investors ought to pay close attention to its continued viability to compete successfully in the cybersecurity space.","source":"lsy1606302653667","collect":0,"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>Downtrodden Okta Stock Still Has a Chance to Shine Again</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\">\nDowntrodden Okta Stock Still Has a Chance to Shine Again\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-18 08:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/06/downtrodden-okta-stock-still-has-chance-to-shine-again/>InvestorPlace</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nOKTA stock is a well-positioned player in the increasingly hot cybersecurity space\nIn May 2021, multiple accounts associated with hacking group DarkSide received $4.4 million worth of ransom in ...\n\n<a href=\"https://investorplace.com/2021/06/downtrodden-okta-stock-still-has-chance-to-shine-again/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"OKTA":"Okta Inc."},"source_url":"https://investorplace.com/2021/06/downtrodden-okta-stock-still-has-chance-to-shine-again/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197275653","content_text":"OKTA stock is a well-positioned player in the increasingly hot cybersecurity space\nIn May 2021, multiple accounts associated with hacking group DarkSide received $4.4 million worth of ransom in Bitcoin(CCC:BTC-USD) after a cyberattack on the Colonial Pipeline. The impact of this attack led to a significant increase in gas prices. It also left some stations on the East Coast empty for a period. Ultimately, this event thrust cybersecurity stocks like Okta(NASDAQ:OKTA) stock back into the spotlight.\nYou might be quick to add OKTA stock to your list of cybersecurity companies to buy after this attack. After all, it’s a company that specializes in identity security. However, the bullish case doesn’t come without some challenges.\nSo, here’s a closer look at whether Okta is worth buying in 2021.\nOKTA Stock Has Ongoing Advantages\nWhile some investing trends come and go (just take a look at the whacky ridememe stockshave been going on), one thing is guaranteed moving forward. Cybersecurity — and the companies that specialize in the space — will remain invaluable.\nIn our increasingly hyper-connected world, the need for digital security services has no end. When it comes to Okta’s offerings in this space, it provides high-quality security solutions to identity protection.\nBreaking it down a bit further, the company offers a cloud-based security system that’s capable of intertwining with on-site applications. It’s designed to support modern work-based ecosystems that frequently rely on a combination of multiple cloud applications, user devices like laptops and phones, as well as external users’ (customers or business partners) systems and own custom apps.\nThe more “inhabitants” in the ecosystem, the greater the number of security risks it carries (and the more complex it becomes for IT teams to handle). So, rather than require multiple logins for each element and user, Okta links them through a single sign-on using its secure process. Okta also allows you to combine multi-factor authentication functionality with its customizable “Universal Directory.” Essentially, this helps IT teams determine the level of access per user within the entire system.\nThat’s a super fancy way of saying Okta’s services are a strong solution to your modern IT team’s day-to-day problems. According to the company, it enables companies to “[overcome] the economic and technological limitations of any legacy identity management scheme […] [they] are currently using.”\nThis is all highly relevant to the investment thesis behind OKTA stock. After all, its unique security solution is the lifeblood of the company’s future. And that future is bright.\nWith the onset of an increasingly remote workforce upon us, alongside the arrival of a“Cyber Pandemic,”— both of which were byproducts of the social impact of Covid-19 — IT solutions should remain hot commodities long-term. Consider the following:\n\n“The percentage of workers permanently working from home is expected to doublein 2021.”\n“Worldwide cybercrime costs will hit $6 trillion annually by 2021.”\n“Security services accounted for an estimated 50% of cybersecurity budgets in 2020.”\nLooking at the frequency of ransomware attacks alone, the rate has increased from one every 40 seconds in 2016 to an attack every 11 seconds in 2021.\n\nClearly, companies are now willing to fork out the dough to stay safe. And the need for this safety is only growing. All of this should keep Okta in business for years to come. It should also help drive OKTA stock over a longer-term time frame.\nBut, as with most investment cases, things aren’t that simple.\nThe Downsides with Okta\nWhile OKTA stock had a strong run in 2020 (a 115% increase), it’s down about 10% so far in 2021. Much of that could be attributed to the pandemic catalyst tapering off. However, slowing revenue growth is another likely cause.\nLast year, Okta experienced massive 40% growth. The company now projects 30% revenue growth for next year. AsThe Motley Fool’s Travis Hoium explains, “with growth stocks, any reduction in the expected growth rate of the company can cause shares to plummet.”\nThe difference between 30% and 40% growth might not seem significant to some. However, several analysts issued price-target downgrades on the news earlier this year. Piper Sandler issued a cut to $235 from their $250 price target (a 6% reduction). Likewise, BMO Capital Markets changed its target from $285 to $265 (a 7% reduction).\nThe reduced growth projections (alongside dwindling post-pandemic hype) is a large reason for Okta’s pain in 2021. But there are also valuation concerns to contend with. At the start of the year, tech stocks suffered a selloff. Much of that’s due to inflated valuations within the space and continuing concerns that we’re in a tech bubble.\nWhether or not you agree with that broader market assessment, many argue that the valuation for OKTA stock is pricey relative to its peers. Plus, this concern gains further traction when you consider the following: “More than 70 percent of security executives believe that their budgets for fiscal year 2021 will shrink.” If these executives are correct, that could intensify the prospective reduction in Okta’s growth.\nIs OKTA Stock an Ugly Buy?\nThat certainly puts a dent in the bullish case for OKTA stock. But I don’t think it should be taken as a sign of complete doom.\nWhen it comes to Okta, there’s nothing exceptionallyuglyabout the company. However, the valuation and growth concerns are legitimate, depending on what you expect from the stock. As such, there are at least two core questions to ask yourself moving forward:\n\nDo you expect Okta to continue growing near the 40% rate it enjoyed last year?Okta projects a 10% reduction in growth and this coincides with the anticipated reduction in security budgets for 2021 (70%-plus of executives expect this to happen). If you’re looking for Okta to keep growing at a higher rate, then it might be time to walk away.\nDo you believe in Okta’s long-term viability?As mentioned earlier, the world is only getting more remote and IT security systems are only getting more intricate and necessary. Okta is a key player in this space and its services are generally well-regarded. If it continues to produce high-quality solutions, the company should have a strong foundation for continued growth (albeit at a less impressive rate).\n\nUltimately, when it comes to OKTA stock, I don’t think there’s reason to drop it. Unless, of course, you’re seeking more impressive growth narratives. Moving forward, longer-term investors ought to pay close attention to its continued viability to compete successfully in the cybersecurity space.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":168552919,"gmtCreate":1623979298531,"gmtModify":1703825297905,"author":{"id":"3581996887679255","authorId":"3581996887679255","name":"Andrina A","avatar":"https://static.tigerbbs.com/527aef2be2ecd5e3af8295747ad2b02f","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581996887679255","authorIdStr":"3581996887679255"},"htmlText":"Like and share","listText":"Like and share","text":"Like and share","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/168552919","repostId":1197275653,"repostType":4,"repost":{"id":"1197275653","kind":"news","pubTimestamp":1623976968,"share":"https://ttm.financial/m/news/1197275653?lang=&edition=fundamental","pubTime":"2021-06-18 08:42","market":"us","language":"en","title":"Downtrodden Okta Stock Still Has a Chance to Shine Again","url":"https://stock-news.laohu8.com/highlight/detail?id=1197275653","media":"InvestorPlace","summary":"OKTA stock is a well-positioned player in the increasingly hot cybersecurity space\nIn May 2021, mult","content":"OKTA stock is a well-positioned player in the increasingly hot cybersecurity space\nIn May 2021, multiple accounts associated with hacking group DarkSide received $4.4 million worth of ransom in&nbsp;Bitcoin(CCC:BTC-USD) after a cyberattack on the Colonial Pipeline. The impact of this attack led to a significant increase in gas prices. It also left some stations on the East Coast empty for a period. Ultimately, this event thrust&nbsp;cybersecurity stocks&nbsp;like&nbsp;Okta(NASDAQ:OKTA) stock back into the spotlight.\nYou might be quick to add OKTA stock to your list of cybersecurity companies to buy after this attack. After all, it’s a company that specializes in identity security. However, the bullish case doesn’t come without some challenges.\nSo, here’s a closer look at whether Okta is worth buying in 2021.\nOKTA Stock Has Ongoing Advantages\nWhile some investing trends come and go (just take a look at the whacky ridememe stockshave been going on), one thing is guaranteed moving forward. Cybersecurity — and the companies that specialize in the space — will&nbsp;remain&nbsp;invaluable.\nIn our increasingly hyper-connected world, the need for digital security services has no end. When it comes to Okta’s offerings in this space, it provides&nbsp;high-quality security solutions&nbsp;to identity protection.\nBreaking it down a bit further, the company offers a&nbsp;cloud-based security system&nbsp;that’s capable of intertwining with on-site applications. It’s designed to support modern work-based ecosystems that frequently rely on a combination of multiple cloud applications, user devices like laptops and phones, as well as external users’ (customers or business partners) systems and&nbsp;own custom apps.\nThe more “inhabitants” in the ecosystem, the greater the number of security risks it carries (and the more complex it becomes for IT teams to handle). So, rather than require multiple logins for each element and user, Okta links them through a single sign-on using its secure process. Okta also allows you to combine multi-factor authentication functionality with its customizable “Universal Directory.” Essentially, this helps IT teams determine the level of access per user within the entire system.\nThat’s a super fancy way of saying Okta’s services are a strong solution to your modern IT team’s day-to-day problems. According to the company, it enables companies to “[overcome] the economic and technological limitations of any legacy identity management scheme […] [they] are currently using.”\nThis is all highly relevant to the investment thesis behind OKTA stock. After all, its unique security solution is the lifeblood of the company’s future. And that future is bright.\nWith the onset of an increasingly remote workforce upon us, alongside the arrival of a“Cyber Pandemic,”— both of which were byproducts of the social impact of Covid-19 — IT solutions should remain hot commodities long-term. Consider the following:\n<ul>\n <li>“The percentage of workers permanently working from home is&nbsp;expected to doublein 2021.”</li>\n <li>“Worldwide cybercrime costs will hit&nbsp;$6 trillion annually by 2021.”</li>\n <li>“Security services accounted for an estimated 50% of cybersecurity budgets in 2020.”</li>\n <li>Looking at the frequency of ransomware attacks alone, the rate has increased from one every 40 seconds in 2016 to an attack&nbsp;every 11 seconds in 2021.</li>\n</ul>\nClearly, companies are now willing to fork out the dough to stay safe. And the need for this safety is only growing. All of this should keep Okta in business for years to come. It should also help drive OKTA stock over a longer-term time frame.\nBut, as with most investment cases, things aren’t&nbsp;that&nbsp;simple.\nThe Downsides with Okta\nWhile OKTA stock had a strong run in 2020 (a 115% increase), it’s down about 10% so far in 2021. Much of that could be attributed to the pandemic catalyst tapering off. However, slowing revenue growth is another likely cause.\nLast year, Okta experienced massive 40% growth. The company now&nbsp;projects 30% revenue growth&nbsp;for next year. AsThe Motley Fool’s&nbsp;Travis Hoium&nbsp;explains, “with&nbsp;growth stocks, any reduction in the expected growth rate of the company can cause shares to plummet.”\nThe difference between 30% and 40% growth might not seem significant to some. However, several analysts issued price-target downgrades on the news earlier this year. Piper Sandler issued a cut to $235 from their $250 price target (a 6% reduction). Likewise, BMO Capital Markets changed its target from $285 to $265 (a 7% reduction).\nThe reduced growth projections (alongside dwindling post-pandemic hype) is a large reason for Okta’s pain in 2021. But there are also valuation concerns to contend with. At the start of the year, tech stocks suffered a selloff. Much of that’s due to inflated valuations within the space and continuing&nbsp;concerns that we’re in a tech bubble.\nWhether or not you agree with that broader market assessment, many argue that the valuation for OKTA stock is&nbsp;pricey relative to its peers. Plus, this concern gains further traction when you consider the following: “More than 70 percent&nbsp;of security executives believe that their budgets for fiscal year 2021 will shrink.” If these executives are correct, that could intensify the prospective reduction in Okta’s growth.\nIs OKTA Stock an Ugly Buy?\nThat certainly puts a dent in the bullish case for OKTA stock. But I don’t think it should be taken as a sign of complete doom.\nWhen it comes to Okta, there’s nothing exceptionallyuglyabout the company. However, the valuation and growth concerns are legitimate, depending on what you expect from the stock. As such, there are at least two core questions to ask yourself moving forward:\n<ul>\n <li>Do you expect Okta to continue growing near the 40% rate it enjoyed last year?Okta projects a 10% reduction in growth and this coincides with the anticipated reduction in security budgets for 2021 (70%-plus of executives expect this to happen). If you’re looking for Okta to keep growing at a higher rate, then it might be time to walk away.</li>\n <li>Do you believe in Okta’s long-term viability?As mentioned earlier, the world is only getting more remote and IT security systems are only getting more intricate and necessary. Okta is a key player in this space and its services are generally well-regarded. If it continues to produce high-quality solutions, the company should have a strong foundation for continued growth (albeit at a less impressive rate).</li>\n</ul>\nUltimately, when it comes to OKTA stock, I don’t think there’s reason to drop it. Unless, of course, you’re seeking more impressive growth narratives. Moving forward, longer-term investors ought to pay close attention to its continued viability to compete successfully in the cybersecurity space.","source":"lsy1606302653667","collect":0,"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>Downtrodden Okta Stock Still Has a Chance to Shine Again</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\">\nDowntrodden Okta Stock Still Has a Chance to Shine Again\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-18 08:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/06/downtrodden-okta-stock-still-has-chance-to-shine-again/>InvestorPlace</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nOKTA stock is a well-positioned player in the increasingly hot cybersecurity space\nIn May 2021, multiple accounts associated with hacking group DarkSide received $4.4 million worth of ransom in ...\n\n<a href=\"https://investorplace.com/2021/06/downtrodden-okta-stock-still-has-chance-to-shine-again/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"OKTA":"Okta Inc."},"source_url":"https://investorplace.com/2021/06/downtrodden-okta-stock-still-has-chance-to-shine-again/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197275653","content_text":"OKTA stock is a well-positioned player in the increasingly hot cybersecurity space\nIn May 2021, multiple accounts associated with hacking group DarkSide received $4.4 million worth of ransom in Bitcoin(CCC:BTC-USD) after a cyberattack on the Colonial Pipeline. The impact of this attack led to a significant increase in gas prices. It also left some stations on the East Coast empty for a period. Ultimately, this event thrust cybersecurity stocks like Okta(NASDAQ:OKTA) stock back into the spotlight.\nYou might be quick to add OKTA stock to your list of cybersecurity companies to buy after this attack. After all, it’s a company that specializes in identity security. However, the bullish case doesn’t come without some challenges.\nSo, here’s a closer look at whether Okta is worth buying in 2021.\nOKTA Stock Has Ongoing Advantages\nWhile some investing trends come and go (just take a look at the whacky ridememe stockshave been going on), one thing is guaranteed moving forward. Cybersecurity — and the companies that specialize in the space — will remain invaluable.\nIn our increasingly hyper-connected world, the need for digital security services has no end. When it comes to Okta’s offerings in this space, it provides high-quality security solutions to identity protection.\nBreaking it down a bit further, the company offers a cloud-based security system that’s capable of intertwining with on-site applications. It’s designed to support modern work-based ecosystems that frequently rely on a combination of multiple cloud applications, user devices like laptops and phones, as well as external users’ (customers or business partners) systems and own custom apps.\nThe more “inhabitants” in the ecosystem, the greater the number of security risks it carries (and the more complex it becomes for IT teams to handle). So, rather than require multiple logins for each element and user, Okta links them through a single sign-on using its secure process. Okta also allows you to combine multi-factor authentication functionality with its customizable “Universal Directory.” Essentially, this helps IT teams determine the level of access per user within the entire system.\nThat’s a super fancy way of saying Okta’s services are a strong solution to your modern IT team’s day-to-day problems. According to the company, it enables companies to “[overcome] the economic and technological limitations of any legacy identity management scheme […] [they] are currently using.”\nThis is all highly relevant to the investment thesis behind OKTA stock. After all, its unique security solution is the lifeblood of the company’s future. And that future is bright.\nWith the onset of an increasingly remote workforce upon us, alongside the arrival of a“Cyber Pandemic,”— both of which were byproducts of the social impact of Covid-19 — IT solutions should remain hot commodities long-term. Consider the following:\n\n“The percentage of workers permanently working from home is expected to doublein 2021.”\n“Worldwide cybercrime costs will hit $6 trillion annually by 2021.”\n“Security services accounted for an estimated 50% of cybersecurity budgets in 2020.”\nLooking at the frequency of ransomware attacks alone, the rate has increased from one every 40 seconds in 2016 to an attack every 11 seconds in 2021.\n\nClearly, companies are now willing to fork out the dough to stay safe. And the need for this safety is only growing. All of this should keep Okta in business for years to come. It should also help drive OKTA stock over a longer-term time frame.\nBut, as with most investment cases, things aren’t that simple.\nThe Downsides with Okta\nWhile OKTA stock had a strong run in 2020 (a 115% increase), it’s down about 10% so far in 2021. Much of that could be attributed to the pandemic catalyst tapering off. However, slowing revenue growth is another likely cause.\nLast year, Okta experienced massive 40% growth. The company now projects 30% revenue growth for next year. AsThe Motley Fool’s Travis Hoium explains, “with growth stocks, any reduction in the expected growth rate of the company can cause shares to plummet.”\nThe difference between 30% and 40% growth might not seem significant to some. However, several analysts issued price-target downgrades on the news earlier this year. Piper Sandler issued a cut to $235 from their $250 price target (a 6% reduction). Likewise, BMO Capital Markets changed its target from $285 to $265 (a 7% reduction).\nThe reduced growth projections (alongside dwindling post-pandemic hype) is a large reason for Okta’s pain in 2021. But there are also valuation concerns to contend with. At the start of the year, tech stocks suffered a selloff. Much of that’s due to inflated valuations within the space and continuing concerns that we’re in a tech bubble.\nWhether or not you agree with that broader market assessment, many argue that the valuation for OKTA stock is pricey relative to its peers. Plus, this concern gains further traction when you consider the following: “More than 70 percent of security executives believe that their budgets for fiscal year 2021 will shrink.” If these executives are correct, that could intensify the prospective reduction in Okta’s growth.\nIs OKTA Stock an Ugly Buy?\nThat certainly puts a dent in the bullish case for OKTA stock. But I don’t think it should be taken as a sign of complete doom.\nWhen it comes to Okta, there’s nothing exceptionallyuglyabout the company. However, the valuation and growth concerns are legitimate, depending on what you expect from the stock. As such, there are at least two core questions to ask yourself moving forward:\n\nDo you expect Okta to continue growing near the 40% rate it enjoyed last year?Okta projects a 10% reduction in growth and this coincides with the anticipated reduction in security budgets for 2021 (70%-plus of executives expect this to happen). If you’re looking for Okta to keep growing at a higher rate, then it might be time to walk away.\nDo you believe in Okta’s long-term viability?As mentioned earlier, the world is only getting more remote and IT security systems are only getting more intricate and necessary. Okta is a key player in this space and its services are generally well-regarded. If it continues to produce high-quality solutions, the company should have a strong foundation for continued growth (albeit at a less impressive rate).\n\nUltimately, when it comes to OKTA stock, I don’t think there’s reason to drop it. Unless, of course, you’re seeking more impressive growth narratives. Moving forward, longer-term investors ought to pay close attention to its continued viability to compete successfully in the cybersecurity space.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":168556172,"gmtCreate":1623979281996,"gmtModify":1703825296083,"author":{"id":"3581996887679255","authorId":"3581996887679255","name":"Andrina A","avatar":"https://static.tigerbbs.com/527aef2be2ecd5e3af8295747ad2b02f","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581996887679255","authorIdStr":"3581996887679255"},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/168556172","repostId":1197275653,"repostType":4,"repost":{"id":"1197275653","kind":"news","pubTimestamp":1623976968,"share":"https://ttm.financial/m/news/1197275653?lang=&edition=fundamental","pubTime":"2021-06-18 08:42","market":"us","language":"en","title":"Downtrodden Okta Stock Still Has a Chance to Shine Again","url":"https://stock-news.laohu8.com/highlight/detail?id=1197275653","media":"InvestorPlace","summary":"OKTA stock is a well-positioned player in the increasingly hot cybersecurity space\nIn May 2021, mult","content":"OKTA stock is a well-positioned player in the increasingly hot cybersecurity space\nIn May 2021, multiple accounts associated with hacking group DarkSide received $4.4 million worth of ransom in&nbsp;Bitcoin(CCC:BTC-USD) after a cyberattack on the Colonial Pipeline. The impact of this attack led to a significant increase in gas prices. It also left some stations on the East Coast empty for a period. Ultimately, this event thrust&nbsp;cybersecurity stocks&nbsp;like&nbsp;Okta(NASDAQ:OKTA) stock back into the spotlight.\nYou might be quick to add OKTA stock to your list of cybersecurity companies to buy after this attack. After all, it’s a company that specializes in identity security. However, the bullish case doesn’t come without some challenges.\nSo, here’s a closer look at whether Okta is worth buying in 2021.\nOKTA Stock Has Ongoing Advantages\nWhile some investing trends come and go (just take a look at the whacky ridememe stockshave been going on), one thing is guaranteed moving forward. Cybersecurity — and the companies that specialize in the space — will&nbsp;remain&nbsp;invaluable.\nIn our increasingly hyper-connected world, the need for digital security services has no end. When it comes to Okta’s offerings in this space, it provides&nbsp;high-quality security solutions&nbsp;to identity protection.\nBreaking it down a bit further, the company offers a&nbsp;cloud-based security system&nbsp;that’s capable of intertwining with on-site applications. It’s designed to support modern work-based ecosystems that frequently rely on a combination of multiple cloud applications, user devices like laptops and phones, as well as external users’ (customers or business partners) systems and&nbsp;own custom apps.\nThe more “inhabitants” in the ecosystem, the greater the number of security risks it carries (and the more complex it becomes for IT teams to handle). So, rather than require multiple logins for each element and user, Okta links them through a single sign-on using its secure process. Okta also allows you to combine multi-factor authentication functionality with its customizable “Universal Directory.” Essentially, this helps IT teams determine the level of access per user within the entire system.\nThat’s a super fancy way of saying Okta’s services are a strong solution to your modern IT team’s day-to-day problems. According to the company, it enables companies to “[overcome] the economic and technological limitations of any legacy identity management scheme […] [they] are currently using.”\nThis is all highly relevant to the investment thesis behind OKTA stock. After all, its unique security solution is the lifeblood of the company’s future. And that future is bright.\nWith the onset of an increasingly remote workforce upon us, alongside the arrival of a“Cyber Pandemic,”— both of which were byproducts of the social impact of Covid-19 — IT solutions should remain hot commodities long-term. Consider the following:\n<ul>\n <li>“The percentage of workers permanently working from home is&nbsp;expected to doublein 2021.”</li>\n <li>“Worldwide cybercrime costs will hit&nbsp;$6 trillion annually by 2021.”</li>\n <li>“Security services accounted for an estimated 50% of cybersecurity budgets in 2020.”</li>\n <li>Looking at the frequency of ransomware attacks alone, the rate has increased from one every 40 seconds in 2016 to an attack&nbsp;every 11 seconds in 2021.</li>\n</ul>\nClearly, companies are now willing to fork out the dough to stay safe. And the need for this safety is only growing. All of this should keep Okta in business for years to come. It should also help drive OKTA stock over a longer-term time frame.\nBut, as with most investment cases, things aren’t&nbsp;that&nbsp;simple.\nThe Downsides with Okta\nWhile OKTA stock had a strong run in 2020 (a 115% increase), it’s down about 10% so far in 2021. Much of that could be attributed to the pandemic catalyst tapering off. However, slowing revenue growth is another likely cause.\nLast year, Okta experienced massive 40% growth. The company now&nbsp;projects 30% revenue growth&nbsp;for next year. AsThe Motley Fool’s&nbsp;Travis Hoium&nbsp;explains, “with&nbsp;growth stocks, any reduction in the expected growth rate of the company can cause shares to plummet.”\nThe difference between 30% and 40% growth might not seem significant to some. However, several analysts issued price-target downgrades on the news earlier this year. Piper Sandler issued a cut to $235 from their $250 price target (a 6% reduction). Likewise, BMO Capital Markets changed its target from $285 to $265 (a 7% reduction).\nThe reduced growth projections (alongside dwindling post-pandemic hype) is a large reason for Okta’s pain in 2021. But there are also valuation concerns to contend with. At the start of the year, tech stocks suffered a selloff. Much of that’s due to inflated valuations within the space and continuing&nbsp;concerns that we’re in a tech bubble.\nWhether or not you agree with that broader market assessment, many argue that the valuation for OKTA stock is&nbsp;pricey relative to its peers. Plus, this concern gains further traction when you consider the following: “More than 70 percent&nbsp;of security executives believe that their budgets for fiscal year 2021 will shrink.” If these executives are correct, that could intensify the prospective reduction in Okta’s growth.\nIs OKTA Stock an Ugly Buy?\nThat certainly puts a dent in the bullish case for OKTA stock. But I don’t think it should be taken as a sign of complete doom.\nWhen it comes to Okta, there’s nothing exceptionallyuglyabout the company. However, the valuation and growth concerns are legitimate, depending on what you expect from the stock. As such, there are at least two core questions to ask yourself moving forward:\n<ul>\n <li>Do you expect Okta to continue growing near the 40% rate it enjoyed last year?Okta projects a 10% reduction in growth and this coincides with the anticipated reduction in security budgets for 2021 (70%-plus of executives expect this to happen). If you’re looking for Okta to keep growing at a higher rate, then it might be time to walk away.</li>\n <li>Do you believe in Okta’s long-term viability?As mentioned earlier, the world is only getting more remote and IT security systems are only getting more intricate and necessary. Okta is a key player in this space and its services are generally well-regarded. If it continues to produce high-quality solutions, the company should have a strong foundation for continued growth (albeit at a less impressive rate).</li>\n</ul>\nUltimately, when it comes to OKTA stock, I don’t think there’s reason to drop it. Unless, of course, you’re seeking more impressive growth narratives. Moving forward, longer-term investors ought to pay close attention to its continued viability to compete successfully in the cybersecurity space.","source":"lsy1606302653667","collect":0,"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>Downtrodden Okta Stock Still Has a Chance to Shine Again</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\">\nDowntrodden Okta Stock Still Has a Chance to Shine Again\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-18 08:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/06/downtrodden-okta-stock-still-has-chance-to-shine-again/>InvestorPlace</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nOKTA stock is a well-positioned player in the increasingly hot cybersecurity space\nIn May 2021, multiple accounts associated with hacking group DarkSide received $4.4 million worth of ransom in ...\n\n<a href=\"https://investorplace.com/2021/06/downtrodden-okta-stock-still-has-chance-to-shine-again/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"OKTA":"Okta Inc."},"source_url":"https://investorplace.com/2021/06/downtrodden-okta-stock-still-has-chance-to-shine-again/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197275653","content_text":"OKTA stock is a well-positioned player in the increasingly hot cybersecurity space\nIn May 2021, multiple accounts associated with hacking group DarkSide received $4.4 million worth of ransom in Bitcoin(CCC:BTC-USD) after a cyberattack on the Colonial Pipeline. The impact of this attack led to a significant increase in gas prices. It also left some stations on the East Coast empty for a period. Ultimately, this event thrust cybersecurity stocks like Okta(NASDAQ:OKTA) stock back into the spotlight.\nYou might be quick to add OKTA stock to your list of cybersecurity companies to buy after this attack. After all, it’s a company that specializes in identity security. However, the bullish case doesn’t come without some challenges.\nSo, here’s a closer look at whether Okta is worth buying in 2021.\nOKTA Stock Has Ongoing Advantages\nWhile some investing trends come and go (just take a look at the whacky ridememe stockshave been going on), one thing is guaranteed moving forward. Cybersecurity — and the companies that specialize in the space — will remain invaluable.\nIn our increasingly hyper-connected world, the need for digital security services has no end. When it comes to Okta’s offerings in this space, it provides high-quality security solutions to identity protection.\nBreaking it down a bit further, the company offers a cloud-based security system that’s capable of intertwining with on-site applications. It’s designed to support modern work-based ecosystems that frequently rely on a combination of multiple cloud applications, user devices like laptops and phones, as well as external users’ (customers or business partners) systems and own custom apps.\nThe more “inhabitants” in the ecosystem, the greater the number of security risks it carries (and the more complex it becomes for IT teams to handle). So, rather than require multiple logins for each element and user, Okta links them through a single sign-on using its secure process. Okta also allows you to combine multi-factor authentication functionality with its customizable “Universal Directory.” Essentially, this helps IT teams determine the level of access per user within the entire system.\nThat’s a super fancy way of saying Okta’s services are a strong solution to your modern IT team’s day-to-day problems. According to the company, it enables companies to “[overcome] the economic and technological limitations of any legacy identity management scheme […] [they] are currently using.”\nThis is all highly relevant to the investment thesis behind OKTA stock. After all, its unique security solution is the lifeblood of the company’s future. And that future is bright.\nWith the onset of an increasingly remote workforce upon us, alongside the arrival of a“Cyber Pandemic,”— both of which were byproducts of the social impact of Covid-19 — IT solutions should remain hot commodities long-term. Consider the following:\n\n“The percentage of workers permanently working from home is expected to doublein 2021.”\n“Worldwide cybercrime costs will hit $6 trillion annually by 2021.”\n“Security services accounted for an estimated 50% of cybersecurity budgets in 2020.”\nLooking at the frequency of ransomware attacks alone, the rate has increased from one every 40 seconds in 2016 to an attack every 11 seconds in 2021.\n\nClearly, companies are now willing to fork out the dough to stay safe. And the need for this safety is only growing. All of this should keep Okta in business for years to come. It should also help drive OKTA stock over a longer-term time frame.\nBut, as with most investment cases, things aren’t that simple.\nThe Downsides with Okta\nWhile OKTA stock had a strong run in 2020 (a 115% increase), it’s down about 10% so far in 2021. Much of that could be attributed to the pandemic catalyst tapering off. However, slowing revenue growth is another likely cause.\nLast year, Okta experienced massive 40% growth. The company now projects 30% revenue growth for next year. AsThe Motley Fool’s Travis Hoium explains, “with growth stocks, any reduction in the expected growth rate of the company can cause shares to plummet.”\nThe difference between 30% and 40% growth might not seem significant to some. However, several analysts issued price-target downgrades on the news earlier this year. Piper Sandler issued a cut to $235 from their $250 price target (a 6% reduction). Likewise, BMO Capital Markets changed its target from $285 to $265 (a 7% reduction).\nThe reduced growth projections (alongside dwindling post-pandemic hype) is a large reason for Okta’s pain in 2021. But there are also valuation concerns to contend with. At the start of the year, tech stocks suffered a selloff. Much of that’s due to inflated valuations within the space and continuing concerns that we’re in a tech bubble.\nWhether or not you agree with that broader market assessment, many argue that the valuation for OKTA stock is pricey relative to its peers. Plus, this concern gains further traction when you consider the following: “More than 70 percent of security executives believe that their budgets for fiscal year 2021 will shrink.” If these executives are correct, that could intensify the prospective reduction in Okta’s growth.\nIs OKTA Stock an Ugly Buy?\nThat certainly puts a dent in the bullish case for OKTA stock. But I don’t think it should be taken as a sign of complete doom.\nWhen it comes to Okta, there’s nothing exceptionallyuglyabout the company. However, the valuation and growth concerns are legitimate, depending on what you expect from the stock. As such, there are at least two core questions to ask yourself moving forward:\n\nDo you expect Okta to continue growing near the 40% rate it enjoyed last year?Okta projects a 10% reduction in growth and this coincides with the anticipated reduction in security budgets for 2021 (70%-plus of executives expect this to happen). If you’re looking for Okta to keep growing at a higher rate, then it might be time to walk away.\nDo you believe in Okta’s long-term viability?As mentioned earlier, the world is only getting more remote and IT security systems are only getting more intricate and necessary. Okta is a key player in this space and its services are generally well-regarded. If it continues to produce high-quality solutions, the company should have a strong foundation for continued growth (albeit at a less impressive rate).\n\nUltimately, when it comes to OKTA stock, I don’t think there’s reason to drop it. Unless, of course, you’re seeking more impressive growth narratives. Moving forward, longer-term investors ought to pay close attention to its continued viability to compete successfully in the cybersecurity space.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":168550646,"gmtCreate":1623979150885,"gmtModify":1703825289336,"author":{"id":"3582013538866054","authorId":"3582013538866054","name":"Rewn","avatar":"https://static.tigerbbs.com/7e085a740a2e75b83b9cc2373d01a7f3","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3582013538866054","authorIdStr":"3582013538866054"},"htmlText":"Time to soar","listText":"Time to soar","text":"Time to soar","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/168550646","repostId":1197275653,"repostType":4,"repost":{"id":"1197275653","kind":"news","pubTimestamp":1623976968,"share":"https://ttm.financial/m/news/1197275653?lang=&edition=fundamental","pubTime":"2021-06-18 08:42","market":"us","language":"en","title":"Downtrodden Okta Stock Still Has a Chance to Shine Again","url":"https://stock-news.laohu8.com/highlight/detail?id=1197275653","media":"InvestorPlace","summary":"OKTA stock is a well-positioned player in the increasingly hot cybersecurity space\nIn May 2021, mult","content":"OKTA stock is a well-positioned player in the increasingly hot cybersecurity space\nIn May 2021, multiple accounts associated with hacking group DarkSide received $4.4 million worth of ransom in&nbsp;Bitcoin(CCC:BTC-USD) after a cyberattack on the Colonial Pipeline. The impact of this attack led to a significant increase in gas prices. It also left some stations on the East Coast empty for a period. Ultimately, this event thrust&nbsp;cybersecurity stocks&nbsp;like&nbsp;Okta(NASDAQ:OKTA) stock back into the spotlight.\nYou might be quick to add OKTA stock to your list of cybersecurity companies to buy after this attack. After all, it’s a company that specializes in identity security. However, the bullish case doesn’t come without some challenges.\nSo, here’s a closer look at whether Okta is worth buying in 2021.\nOKTA Stock Has Ongoing Advantages\nWhile some investing trends come and go (just take a look at the whacky ridememe stockshave been going on), one thing is guaranteed moving forward. Cybersecurity — and the companies that specialize in the space — will&nbsp;remain&nbsp;invaluable.\nIn our increasingly hyper-connected world, the need for digital security services has no end. When it comes to Okta’s offerings in this space, it provides&nbsp;high-quality security solutions&nbsp;to identity protection.\nBreaking it down a bit further, the company offers a&nbsp;cloud-based security system&nbsp;that’s capable of intertwining with on-site applications. It’s designed to support modern work-based ecosystems that frequently rely on a combination of multiple cloud applications, user devices like laptops and phones, as well as external users’ (customers or business partners) systems and&nbsp;own custom apps.\nThe more “inhabitants” in the ecosystem, the greater the number of security risks it carries (and the more complex it becomes for IT teams to handle). So, rather than require multiple logins for each element and user, Okta links them through a single sign-on using its secure process. Okta also allows you to combine multi-factor authentication functionality with its customizable “Universal Directory.” Essentially, this helps IT teams determine the level of access per user within the entire system.\nThat’s a super fancy way of saying Okta’s services are a strong solution to your modern IT team’s day-to-day problems. According to the company, it enables companies to “[overcome] the economic and technological limitations of any legacy identity management scheme […] [they] are currently using.”\nThis is all highly relevant to the investment thesis behind OKTA stock. After all, its unique security solution is the lifeblood of the company’s future. And that future is bright.\nWith the onset of an increasingly remote workforce upon us, alongside the arrival of a“Cyber Pandemic,”— both of which were byproducts of the social impact of Covid-19 — IT solutions should remain hot commodities long-term. Consider the following:\n<ul>\n <li>“The percentage of workers permanently working from home is&nbsp;expected to doublein 2021.”</li>\n <li>“Worldwide cybercrime costs will hit&nbsp;$6 trillion annually by 2021.”</li>\n <li>“Security services accounted for an estimated 50% of cybersecurity budgets in 2020.”</li>\n <li>Looking at the frequency of ransomware attacks alone, the rate has increased from one every 40 seconds in 2016 to an attack&nbsp;every 11 seconds in 2021.</li>\n</ul>\nClearly, companies are now willing to fork out the dough to stay safe. And the need for this safety is only growing. All of this should keep Okta in business for years to come. It should also help drive OKTA stock over a longer-term time frame.\nBut, as with most investment cases, things aren’t&nbsp;that&nbsp;simple.\nThe Downsides with Okta\nWhile OKTA stock had a strong run in 2020 (a 115% increase), it’s down about 10% so far in 2021. Much of that could be attributed to the pandemic catalyst tapering off. However, slowing revenue growth is another likely cause.\nLast year, Okta experienced massive 40% growth. The company now&nbsp;projects 30% revenue growth&nbsp;for next year. AsThe Motley Fool’s&nbsp;Travis Hoium&nbsp;explains, “with&nbsp;growth stocks, any reduction in the expected growth rate of the company can cause shares to plummet.”\nThe difference between 30% and 40% growth might not seem significant to some. However, several analysts issued price-target downgrades on the news earlier this year. Piper Sandler issued a cut to $235 from their $250 price target (a 6% reduction). Likewise, BMO Capital Markets changed its target from $285 to $265 (a 7% reduction).\nThe reduced growth projections (alongside dwindling post-pandemic hype) is a large reason for Okta’s pain in 2021. But there are also valuation concerns to contend with. At the start of the year, tech stocks suffered a selloff. Much of that’s due to inflated valuations within the space and continuing&nbsp;concerns that we’re in a tech bubble.\nWhether or not you agree with that broader market assessment, many argue that the valuation for OKTA stock is&nbsp;pricey relative to its peers. Plus, this concern gains further traction when you consider the following: “More than 70 percent&nbsp;of security executives believe that their budgets for fiscal year 2021 will shrink.” If these executives are correct, that could intensify the prospective reduction in Okta’s growth.\nIs OKTA Stock an Ugly Buy?\nThat certainly puts a dent in the bullish case for OKTA stock. But I don’t think it should be taken as a sign of complete doom.\nWhen it comes to Okta, there’s nothing exceptionallyuglyabout the company. However, the valuation and growth concerns are legitimate, depending on what you expect from the stock. As such, there are at least two core questions to ask yourself moving forward:\n<ul>\n <li>Do you expect Okta to continue growing near the 40% rate it enjoyed last year?Okta projects a 10% reduction in growth and this coincides with the anticipated reduction in security budgets for 2021 (70%-plus of executives expect this to happen). If you’re looking for Okta to keep growing at a higher rate, then it might be time to walk away.</li>\n <li>Do you believe in Okta’s long-term viability?As mentioned earlier, the world is only getting more remote and IT security systems are only getting more intricate and necessary. Okta is a key player in this space and its services are generally well-regarded. If it continues to produce high-quality solutions, the company should have a strong foundation for continued growth (albeit at a less impressive rate).</li>\n</ul>\nUltimately, when it comes to OKTA stock, I don’t think there’s reason to drop it. Unless, of course, you’re seeking more impressive growth narratives. Moving forward, longer-term investors ought to pay close attention to its continued viability to compete successfully in the cybersecurity space.","source":"lsy1606302653667","collect":0,"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>Downtrodden Okta Stock Still Has a Chance to Shine Again</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\">\nDowntrodden Okta Stock Still Has a Chance to Shine Again\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-18 08:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/06/downtrodden-okta-stock-still-has-chance-to-shine-again/>InvestorPlace</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nOKTA stock is a well-positioned player in the increasingly hot cybersecurity space\nIn May 2021, multiple accounts associated with hacking group DarkSide received $4.4 million worth of ransom in ...\n\n<a href=\"https://investorplace.com/2021/06/downtrodden-okta-stock-still-has-chance-to-shine-again/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"OKTA":"Okta Inc."},"source_url":"https://investorplace.com/2021/06/downtrodden-okta-stock-still-has-chance-to-shine-again/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197275653","content_text":"OKTA stock is a well-positioned player in the increasingly hot cybersecurity space\nIn May 2021, multiple accounts associated with hacking group DarkSide received $4.4 million worth of ransom in Bitcoin(CCC:BTC-USD) after a cyberattack on the Colonial Pipeline. The impact of this attack led to a significant increase in gas prices. It also left some stations on the East Coast empty for a period. Ultimately, this event thrust cybersecurity stocks like Okta(NASDAQ:OKTA) stock back into the spotlight.\nYou might be quick to add OKTA stock to your list of cybersecurity companies to buy after this attack. After all, it’s a company that specializes in identity security. However, the bullish case doesn’t come without some challenges.\nSo, here’s a closer look at whether Okta is worth buying in 2021.\nOKTA Stock Has Ongoing Advantages\nWhile some investing trends come and go (just take a look at the whacky ridememe stockshave been going on), one thing is guaranteed moving forward. Cybersecurity — and the companies that specialize in the space — will remain invaluable.\nIn our increasingly hyper-connected world, the need for digital security services has no end. When it comes to Okta’s offerings in this space, it provides high-quality security solutions to identity protection.\nBreaking it down a bit further, the company offers a cloud-based security system that’s capable of intertwining with on-site applications. It’s designed to support modern work-based ecosystems that frequently rely on a combination of multiple cloud applications, user devices like laptops and phones, as well as external users’ (customers or business partners) systems and own custom apps.\nThe more “inhabitants” in the ecosystem, the greater the number of security risks it carries (and the more complex it becomes for IT teams to handle). So, rather than require multiple logins for each element and user, Okta links them through a single sign-on using its secure process. Okta also allows you to combine multi-factor authentication functionality with its customizable “Universal Directory.” Essentially, this helps IT teams determine the level of access per user within the entire system.\nThat’s a super fancy way of saying Okta’s services are a strong solution to your modern IT team’s day-to-day problems. According to the company, it enables companies to “[overcome] the economic and technological limitations of any legacy identity management scheme […] [they] are currently using.”\nThis is all highly relevant to the investment thesis behind OKTA stock. After all, its unique security solution is the lifeblood of the company’s future. And that future is bright.\nWith the onset of an increasingly remote workforce upon us, alongside the arrival of a“Cyber Pandemic,”— both of which were byproducts of the social impact of Covid-19 — IT solutions should remain hot commodities long-term. Consider the following:\n\n“The percentage of workers permanently working from home is expected to doublein 2021.”\n“Worldwide cybercrime costs will hit $6 trillion annually by 2021.”\n“Security services accounted for an estimated 50% of cybersecurity budgets in 2020.”\nLooking at the frequency of ransomware attacks alone, the rate has increased from one every 40 seconds in 2016 to an attack every 11 seconds in 2021.\n\nClearly, companies are now willing to fork out the dough to stay safe. And the need for this safety is only growing. All of this should keep Okta in business for years to come. It should also help drive OKTA stock over a longer-term time frame.\nBut, as with most investment cases, things aren’t that simple.\nThe Downsides with Okta\nWhile OKTA stock had a strong run in 2020 (a 115% increase), it’s down about 10% so far in 2021. Much of that could be attributed to the pandemic catalyst tapering off. However, slowing revenue growth is another likely cause.\nLast year, Okta experienced massive 40% growth. The company now projects 30% revenue growth for next year. AsThe Motley Fool’s Travis Hoium explains, “with growth stocks, any reduction in the expected growth rate of the company can cause shares to plummet.”\nThe difference between 30% and 40% growth might not seem significant to some. However, several analysts issued price-target downgrades on the news earlier this year. Piper Sandler issued a cut to $235 from their $250 price target (a 6% reduction). Likewise, BMO Capital Markets changed its target from $285 to $265 (a 7% reduction).\nThe reduced growth projections (alongside dwindling post-pandemic hype) is a large reason for Okta’s pain in 2021. But there are also valuation concerns to contend with. At the start of the year, tech stocks suffered a selloff. Much of that’s due to inflated valuations within the space and continuing concerns that we’re in a tech bubble.\nWhether or not you agree with that broader market assessment, many argue that the valuation for OKTA stock is pricey relative to its peers. Plus, this concern gains further traction when you consider the following: “More than 70 percent of security executives believe that their budgets for fiscal year 2021 will shrink.” If these executives are correct, that could intensify the prospective reduction in Okta’s growth.\nIs OKTA Stock an Ugly Buy?\nThat certainly puts a dent in the bullish case for OKTA stock. But I don’t think it should be taken as a sign of complete doom.\nWhen it comes to Okta, there’s nothing exceptionallyuglyabout the company. However, the valuation and growth concerns are legitimate, depending on what you expect from the stock. As such, there are at least two core questions to ask yourself moving forward:\n\nDo you expect Okta to continue growing near the 40% rate it enjoyed last year?Okta projects a 10% reduction in growth and this coincides with the anticipated reduction in security budgets for 2021 (70%-plus of executives expect this to happen). If you’re looking for Okta to keep growing at a higher rate, then it might be time to walk away.\nDo you believe in Okta’s long-term viability?As mentioned earlier, the world is only getting more remote and IT security systems are only getting more intricate and necessary. Okta is a key player in this space and its services are generally well-regarded. If it continues to produce high-quality solutions, the company should have a strong foundation for continued growth (albeit at a less impressive rate).\n\nUltimately, when it comes to OKTA stock, I don’t think there’s reason to drop it. Unless, of course, you’re seeking more impressive growth narratives. Moving forward, longer-term investors ought to pay close attention to its continued viability to compete successfully in the cybersecurity space.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":168523843,"gmtCreate":1623978996882,"gmtModify":1703825277037,"author":{"id":"3576888762442253","authorId":"3576888762442253","name":"Barbarazhao","avatar":"https://static.tigerbbs.com/40f6fdeabe0e8cac300f1fd2a17eb3ac","vip":1,"crmLevel":8,"crmLevelSwitch":1,"idStr":"3576888762442253","authorIdStr":"3576888762442253"},"htmlText":"Yes. It will Shine again","listText":"Yes. It will Shine again","text":"Yes. It will Shine again","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/168523843","repostId":1197275653,"repostType":4,"repost":{"id":"1197275653","kind":"news","pubTimestamp":1623976968,"share":"https://ttm.financial/m/news/1197275653?lang=&edition=fundamental","pubTime":"2021-06-18 08:42","market":"us","language":"en","title":"Downtrodden Okta Stock Still Has a Chance to Shine Again","url":"https://stock-news.laohu8.com/highlight/detail?id=1197275653","media":"InvestorPlace","summary":"OKTA stock is a well-positioned player in the increasingly hot cybersecurity space\nIn May 2021, mult","content":"OKTA stock is a well-positioned player in the increasingly hot cybersecurity space\nIn May 2021, multiple accounts associated with hacking group DarkSide received $4.4 million worth of ransom in&nbsp;Bitcoin(CCC:BTC-USD) after a cyberattack on the Colonial Pipeline. The impact of this attack led to a significant increase in gas prices. It also left some stations on the East Coast empty for a period. Ultimately, this event thrust&nbsp;cybersecurity stocks&nbsp;like&nbsp;Okta(NASDAQ:OKTA) stock back into the spotlight.\nYou might be quick to add OKTA stock to your list of cybersecurity companies to buy after this attack. After all, it’s a company that specializes in identity security. However, the bullish case doesn’t come without some challenges.\nSo, here’s a closer look at whether Okta is worth buying in 2021.\nOKTA Stock Has Ongoing Advantages\nWhile some investing trends come and go (just take a look at the whacky ridememe stockshave been going on), one thing is guaranteed moving forward. Cybersecurity — and the companies that specialize in the space — will&nbsp;remain&nbsp;invaluable.\nIn our increasingly hyper-connected world, the need for digital security services has no end. When it comes to Okta’s offerings in this space, it provides&nbsp;high-quality security solutions&nbsp;to identity protection.\nBreaking it down a bit further, the company offers a&nbsp;cloud-based security system&nbsp;that’s capable of intertwining with on-site applications. It’s designed to support modern work-based ecosystems that frequently rely on a combination of multiple cloud applications, user devices like laptops and phones, as well as external users’ (customers or business partners) systems and&nbsp;own custom apps.\nThe more “inhabitants” in the ecosystem, the greater the number of security risks it carries (and the more complex it becomes for IT teams to handle). So, rather than require multiple logins for each element and user, Okta links them through a single sign-on using its secure process. Okta also allows you to combine multi-factor authentication functionality with its customizable “Universal Directory.” Essentially, this helps IT teams determine the level of access per user within the entire system.\nThat’s a super fancy way of saying Okta’s services are a strong solution to your modern IT team’s day-to-day problems. According to the company, it enables companies to “[overcome] the economic and technological limitations of any legacy identity management scheme […] [they] are currently using.”\nThis is all highly relevant to the investment thesis behind OKTA stock. After all, its unique security solution is the lifeblood of the company’s future. And that future is bright.\nWith the onset of an increasingly remote workforce upon us, alongside the arrival of a“Cyber Pandemic,”— both of which were byproducts of the social impact of Covid-19 — IT solutions should remain hot commodities long-term. Consider the following:\n<ul>\n <li>“The percentage of workers permanently working from home is&nbsp;expected to doublein 2021.”</li>\n <li>“Worldwide cybercrime costs will hit&nbsp;$6 trillion annually by 2021.”</li>\n <li>“Security services accounted for an estimated 50% of cybersecurity budgets in 2020.”</li>\n <li>Looking at the frequency of ransomware attacks alone, the rate has increased from one every 40 seconds in 2016 to an attack&nbsp;every 11 seconds in 2021.</li>\n</ul>\nClearly, companies are now willing to fork out the dough to stay safe. And the need for this safety is only growing. All of this should keep Okta in business for years to come. It should also help drive OKTA stock over a longer-term time frame.\nBut, as with most investment cases, things aren’t&nbsp;that&nbsp;simple.\nThe Downsides with Okta\nWhile OKTA stock had a strong run in 2020 (a 115% increase), it’s down about 10% so far in 2021. Much of that could be attributed to the pandemic catalyst tapering off. However, slowing revenue growth is another likely cause.\nLast year, Okta experienced massive 40% growth. The company now&nbsp;projects 30% revenue growth&nbsp;for next year. AsThe Motley Fool’s&nbsp;Travis Hoium&nbsp;explains, “with&nbsp;growth stocks, any reduction in the expected growth rate of the company can cause shares to plummet.”\nThe difference between 30% and 40% growth might not seem significant to some. However, several analysts issued price-target downgrades on the news earlier this year. Piper Sandler issued a cut to $235 from their $250 price target (a 6% reduction). Likewise, BMO Capital Markets changed its target from $285 to $265 (a 7% reduction).\nThe reduced growth projections (alongside dwindling post-pandemic hype) is a large reason for Okta’s pain in 2021. But there are also valuation concerns to contend with. At the start of the year, tech stocks suffered a selloff. Much of that’s due to inflated valuations within the space and continuing&nbsp;concerns that we’re in a tech bubble.\nWhether or not you agree with that broader market assessment, many argue that the valuation for OKTA stock is&nbsp;pricey relative to its peers. Plus, this concern gains further traction when you consider the following: “More than 70 percent&nbsp;of security executives believe that their budgets for fiscal year 2021 will shrink.” If these executives are correct, that could intensify the prospective reduction in Okta’s growth.\nIs OKTA Stock an Ugly Buy?\nThat certainly puts a dent in the bullish case for OKTA stock. But I don’t think it should be taken as a sign of complete doom.\nWhen it comes to Okta, there’s nothing exceptionallyuglyabout the company. However, the valuation and growth concerns are legitimate, depending on what you expect from the stock. As such, there are at least two core questions to ask yourself moving forward:\n<ul>\n <li>Do you expect Okta to continue growing near the 40% rate it enjoyed last year?Okta projects a 10% reduction in growth and this coincides with the anticipated reduction in security budgets for 2021 (70%-plus of executives expect this to happen). If you’re looking for Okta to keep growing at a higher rate, then it might be time to walk away.</li>\n <li>Do you believe in Okta’s long-term viability?As mentioned earlier, the world is only getting more remote and IT security systems are only getting more intricate and necessary. Okta is a key player in this space and its services are generally well-regarded. If it continues to produce high-quality solutions, the company should have a strong foundation for continued growth (albeit at a less impressive rate).</li>\n</ul>\nUltimately, when it comes to OKTA stock, I don’t think there’s reason to drop it. Unless, of course, you’re seeking more impressive growth narratives. Moving forward, longer-term investors ought to pay close attention to its continued viability to compete successfully in the cybersecurity space.","source":"lsy1606302653667","collect":0,"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>Downtrodden Okta Stock Still Has a Chance to Shine Again</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\">\nDowntrodden Okta Stock Still Has a Chance to Shine Again\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-18 08:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/06/downtrodden-okta-stock-still-has-chance-to-shine-again/>InvestorPlace</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nOKTA stock is a well-positioned player in the increasingly hot cybersecurity space\nIn May 2021, multiple accounts associated with hacking group DarkSide received $4.4 million worth of ransom in ...\n\n<a href=\"https://investorplace.com/2021/06/downtrodden-okta-stock-still-has-chance-to-shine-again/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"OKTA":"Okta Inc."},"source_url":"https://investorplace.com/2021/06/downtrodden-okta-stock-still-has-chance-to-shine-again/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197275653","content_text":"OKTA stock is a well-positioned player in the increasingly hot cybersecurity space\nIn May 2021, multiple accounts associated with hacking group DarkSide received $4.4 million worth of ransom in Bitcoin(CCC:BTC-USD) after a cyberattack on the Colonial Pipeline. The impact of this attack led to a significant increase in gas prices. It also left some stations on the East Coast empty for a period. Ultimately, this event thrust cybersecurity stocks like Okta(NASDAQ:OKTA) stock back into the spotlight.\nYou might be quick to add OKTA stock to your list of cybersecurity companies to buy after this attack. After all, it’s a company that specializes in identity security. However, the bullish case doesn’t come without some challenges.\nSo, here’s a closer look at whether Okta is worth buying in 2021.\nOKTA Stock Has Ongoing Advantages\nWhile some investing trends come and go (just take a look at the whacky ridememe stockshave been going on), one thing is guaranteed moving forward. Cybersecurity — and the companies that specialize in the space — will remain invaluable.\nIn our increasingly hyper-connected world, the need for digital security services has no end. When it comes to Okta’s offerings in this space, it provides high-quality security solutions to identity protection.\nBreaking it down a bit further, the company offers a cloud-based security system that’s capable of intertwining with on-site applications. It’s designed to support modern work-based ecosystems that frequently rely on a combination of multiple cloud applications, user devices like laptops and phones, as well as external users’ (customers or business partners) systems and own custom apps.\nThe more “inhabitants” in the ecosystem, the greater the number of security risks it carries (and the more complex it becomes for IT teams to handle). So, rather than require multiple logins for each element and user, Okta links them through a single sign-on using its secure process. Okta also allows you to combine multi-factor authentication functionality with its customizable “Universal Directory.” Essentially, this helps IT teams determine the level of access per user within the entire system.\nThat’s a super fancy way of saying Okta’s services are a strong solution to your modern IT team’s day-to-day problems. According to the company, it enables companies to “[overcome] the economic and technological limitations of any legacy identity management scheme […] [they] are currently using.”\nThis is all highly relevant to the investment thesis behind OKTA stock. After all, its unique security solution is the lifeblood of the company’s future. And that future is bright.\nWith the onset of an increasingly remote workforce upon us, alongside the arrival of a“Cyber Pandemic,”— both of which were byproducts of the social impact of Covid-19 — IT solutions should remain hot commodities long-term. Consider the following:\n\n“The percentage of workers permanently working from home is expected to doublein 2021.”\n“Worldwide cybercrime costs will hit $6 trillion annually by 2021.”\n“Security services accounted for an estimated 50% of cybersecurity budgets in 2020.”\nLooking at the frequency of ransomware attacks alone, the rate has increased from one every 40 seconds in 2016 to an attack every 11 seconds in 2021.\n\nClearly, companies are now willing to fork out the dough to stay safe. And the need for this safety is only growing. All of this should keep Okta in business for years to come. It should also help drive OKTA stock over a longer-term time frame.\nBut, as with most investment cases, things aren’t that simple.\nThe Downsides with Okta\nWhile OKTA stock had a strong run in 2020 (a 115% increase), it’s down about 10% so far in 2021. Much of that could be attributed to the pandemic catalyst tapering off. However, slowing revenue growth is another likely cause.\nLast year, Okta experienced massive 40% growth. The company now projects 30% revenue growth for next year. AsThe Motley Fool’s Travis Hoium explains, “with growth stocks, any reduction in the expected growth rate of the company can cause shares to plummet.”\nThe difference between 30% and 40% growth might not seem significant to some. However, several analysts issued price-target downgrades on the news earlier this year. Piper Sandler issued a cut to $235 from their $250 price target (a 6% reduction). Likewise, BMO Capital Markets changed its target from $285 to $265 (a 7% reduction).\nThe reduced growth projections (alongside dwindling post-pandemic hype) is a large reason for Okta’s pain in 2021. But there are also valuation concerns to contend with. At the start of the year, tech stocks suffered a selloff. Much of that’s due to inflated valuations within the space and continuing concerns that we’re in a tech bubble.\nWhether or not you agree with that broader market assessment, many argue that the valuation for OKTA stock is pricey relative to its peers. Plus, this concern gains further traction when you consider the following: “More than 70 percent of security executives believe that their budgets for fiscal year 2021 will shrink.” If these executives are correct, that could intensify the prospective reduction in Okta’s growth.\nIs OKTA Stock an Ugly Buy?\nThat certainly puts a dent in the bullish case for OKTA stock. But I don’t think it should be taken as a sign of complete doom.\nWhen it comes to Okta, there’s nothing exceptionallyuglyabout the company. However, the valuation and growth concerns are legitimate, depending on what you expect from the stock. As such, there are at least two core questions to ask yourself moving forward:\n\nDo you expect Okta to continue growing near the 40% rate it enjoyed last year?Okta projects a 10% reduction in growth and this coincides with the anticipated reduction in security budgets for 2021 (70%-plus of executives expect this to happen). If you’re looking for Okta to keep growing at a higher rate, then it might be time to walk away.\nDo you believe in Okta’s long-term viability?As mentioned earlier, the world is only getting more remote and IT security systems are only getting more intricate and necessary. Okta is a key player in this space and its services are generally well-regarded. If it continues to produce high-quality solutions, the company should have a strong foundation for continued growth (albeit at a less impressive rate).\n\nUltimately, when it comes to OKTA stock, I don’t think there’s reason to drop it. Unless, of course, you’re seeking more impressive growth narratives. Moving forward, longer-term investors ought to pay close attention to its continued viability to compete successfully in the cybersecurity space.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":168569008,"gmtCreate":1623978826204,"gmtModify":1703825260245,"author":{"id":"3581556523917541","authorId":"3581556523917541","name":"crtyn","avatar":"https://static.tigerbbs.com/62554f7ddf70dc78b9e6f2cc7c56c702","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581556523917541","authorIdStr":"3581556523917541"},"htmlText":"Like and comment, thanks","listText":"Like and comment, thanks","text":"Like and comment, thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/168569008","repostId":1197275653,"repostType":4,"repost":{"id":"1197275653","kind":"news","pubTimestamp":1623976968,"share":"https://ttm.financial/m/news/1197275653?lang=&edition=fundamental","pubTime":"2021-06-18 08:42","market":"us","language":"en","title":"Downtrodden Okta Stock Still Has a Chance to Shine Again","url":"https://stock-news.laohu8.com/highlight/detail?id=1197275653","media":"InvestorPlace","summary":"OKTA stock is a well-positioned player in the increasingly hot cybersecurity space\nIn May 2021, mult","content":"OKTA stock is a well-positioned player in the increasingly hot cybersecurity space\nIn May 2021, multiple accounts associated with hacking group DarkSide received $4.4 million worth of ransom in&nbsp;Bitcoin(CCC:BTC-USD) after a cyberattack on the Colonial Pipeline. The impact of this attack led to a significant increase in gas prices. It also left some stations on the East Coast empty for a period. Ultimately, this event thrust&nbsp;cybersecurity stocks&nbsp;like&nbsp;Okta(NASDAQ:OKTA) stock back into the spotlight.\nYou might be quick to add OKTA stock to your list of cybersecurity companies to buy after this attack. After all, it’s a company that specializes in identity security. However, the bullish case doesn’t come without some challenges.\nSo, here’s a closer look at whether Okta is worth buying in 2021.\nOKTA Stock Has Ongoing Advantages\nWhile some investing trends come and go (just take a look at the whacky ridememe stockshave been going on), one thing is guaranteed moving forward. Cybersecurity — and the companies that specialize in the space — will&nbsp;remain&nbsp;invaluable.\nIn our increasingly hyper-connected world, the need for digital security services has no end. When it comes to Okta’s offerings in this space, it provides&nbsp;high-quality security solutions&nbsp;to identity protection.\nBreaking it down a bit further, the company offers a&nbsp;cloud-based security system&nbsp;that’s capable of intertwining with on-site applications. It’s designed to support modern work-based ecosystems that frequently rely on a combination of multiple cloud applications, user devices like laptops and phones, as well as external users’ (customers or business partners) systems and&nbsp;own custom apps.\nThe more “inhabitants” in the ecosystem, the greater the number of security risks it carries (and the more complex it becomes for IT teams to handle). So, rather than require multiple logins for each element and user, Okta links them through a single sign-on using its secure process. Okta also allows you to combine multi-factor authentication functionality with its customizable “Universal Directory.” Essentially, this helps IT teams determine the level of access per user within the entire system.\nThat’s a super fancy way of saying Okta’s services are a strong solution to your modern IT team’s day-to-day problems. According to the company, it enables companies to “[overcome] the economic and technological limitations of any legacy identity management scheme […] [they] are currently using.”\nThis is all highly relevant to the investment thesis behind OKTA stock. After all, its unique security solution is the lifeblood of the company’s future. And that future is bright.\nWith the onset of an increasingly remote workforce upon us, alongside the arrival of a“Cyber Pandemic,”— both of which were byproducts of the social impact of Covid-19 — IT solutions should remain hot commodities long-term. Consider the following:\n<ul>\n <li>“The percentage of workers permanently working from home is&nbsp;expected to doublein 2021.”</li>\n <li>“Worldwide cybercrime costs will hit&nbsp;$6 trillion annually by 2021.”</li>\n <li>“Security services accounted for an estimated 50% of cybersecurity budgets in 2020.”</li>\n <li>Looking at the frequency of ransomware attacks alone, the rate has increased from one every 40 seconds in 2016 to an attack&nbsp;every 11 seconds in 2021.</li>\n</ul>\nClearly, companies are now willing to fork out the dough to stay safe. And the need for this safety is only growing. All of this should keep Okta in business for years to come. It should also help drive OKTA stock over a longer-term time frame.\nBut, as with most investment cases, things aren’t&nbsp;that&nbsp;simple.\nThe Downsides with Okta\nWhile OKTA stock had a strong run in 2020 (a 115% increase), it’s down about 10% so far in 2021. Much of that could be attributed to the pandemic catalyst tapering off. However, slowing revenue growth is another likely cause.\nLast year, Okta experienced massive 40% growth. The company now&nbsp;projects 30% revenue growth&nbsp;for next year. AsThe Motley Fool’s&nbsp;Travis Hoium&nbsp;explains, “with&nbsp;growth stocks, any reduction in the expected growth rate of the company can cause shares to plummet.”\nThe difference between 30% and 40% growth might not seem significant to some. However, several analysts issued price-target downgrades on the news earlier this year. Piper Sandler issued a cut to $235 from their $250 price target (a 6% reduction). Likewise, BMO Capital Markets changed its target from $285 to $265 (a 7% reduction).\nThe reduced growth projections (alongside dwindling post-pandemic hype) is a large reason for Okta’s pain in 2021. But there are also valuation concerns to contend with. At the start of the year, tech stocks suffered a selloff. Much of that’s due to inflated valuations within the space and continuing&nbsp;concerns that we’re in a tech bubble.\nWhether or not you agree with that broader market assessment, many argue that the valuation for OKTA stock is&nbsp;pricey relative to its peers. Plus, this concern gains further traction when you consider the following: “More than 70 percent&nbsp;of security executives believe that their budgets for fiscal year 2021 will shrink.” If these executives are correct, that could intensify the prospective reduction in Okta’s growth.\nIs OKTA Stock an Ugly Buy?\nThat certainly puts a dent in the bullish case for OKTA stock. But I don’t think it should be taken as a sign of complete doom.\nWhen it comes to Okta, there’s nothing exceptionallyuglyabout the company. However, the valuation and growth concerns are legitimate, depending on what you expect from the stock. As such, there are at least two core questions to ask yourself moving forward:\n<ul>\n <li>Do you expect Okta to continue growing near the 40% rate it enjoyed last year?Okta projects a 10% reduction in growth and this coincides with the anticipated reduction in security budgets for 2021 (70%-plus of executives expect this to happen). If you’re looking for Okta to keep growing at a higher rate, then it might be time to walk away.</li>\n <li>Do you believe in Okta’s long-term viability?As mentioned earlier, the world is only getting more remote and IT security systems are only getting more intricate and necessary. Okta is a key player in this space and its services are generally well-regarded. If it continues to produce high-quality solutions, the company should have a strong foundation for continued growth (albeit at a less impressive rate).</li>\n</ul>\nUltimately, when it comes to OKTA stock, I don’t think there’s reason to drop it. Unless, of course, you’re seeking more impressive growth narratives. Moving forward, longer-term investors ought to pay close attention to its continued viability to compete successfully in the cybersecurity space.","source":"lsy1606302653667","collect":0,"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>Downtrodden Okta Stock Still Has a Chance to Shine Again</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\">\nDowntrodden Okta Stock Still Has a Chance to Shine Again\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-18 08:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/06/downtrodden-okta-stock-still-has-chance-to-shine-again/>InvestorPlace</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nOKTA stock is a well-positioned player in the increasingly hot cybersecurity space\nIn May 2021, multiple accounts associated with hacking group DarkSide received $4.4 million worth of ransom in ...\n\n<a href=\"https://investorplace.com/2021/06/downtrodden-okta-stock-still-has-chance-to-shine-again/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"OKTA":"Okta Inc."},"source_url":"https://investorplace.com/2021/06/downtrodden-okta-stock-still-has-chance-to-shine-again/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197275653","content_text":"OKTA stock is a well-positioned player in the increasingly hot cybersecurity space\nIn May 2021, multiple accounts associated with hacking group DarkSide received $4.4 million worth of ransom in Bitcoin(CCC:BTC-USD) after a cyberattack on the Colonial Pipeline. The impact of this attack led to a significant increase in gas prices. It also left some stations on the East Coast empty for a period. Ultimately, this event thrust cybersecurity stocks like Okta(NASDAQ:OKTA) stock back into the spotlight.\nYou might be quick to add OKTA stock to your list of cybersecurity companies to buy after this attack. After all, it’s a company that specializes in identity security. However, the bullish case doesn’t come without some challenges.\nSo, here’s a closer look at whether Okta is worth buying in 2021.\nOKTA Stock Has Ongoing Advantages\nWhile some investing trends come and go (just take a look at the whacky ridememe stockshave been going on), one thing is guaranteed moving forward. Cybersecurity — and the companies that specialize in the space — will remain invaluable.\nIn our increasingly hyper-connected world, the need for digital security services has no end. When it comes to Okta’s offerings in this space, it provides high-quality security solutions to identity protection.\nBreaking it down a bit further, the company offers a cloud-based security system that’s capable of intertwining with on-site applications. It’s designed to support modern work-based ecosystems that frequently rely on a combination of multiple cloud applications, user devices like laptops and phones, as well as external users’ (customers or business partners) systems and own custom apps.\nThe more “inhabitants” in the ecosystem, the greater the number of security risks it carries (and the more complex it becomes for IT teams to handle). So, rather than require multiple logins for each element and user, Okta links them through a single sign-on using its secure process. Okta also allows you to combine multi-factor authentication functionality with its customizable “Universal Directory.” Essentially, this helps IT teams determine the level of access per user within the entire system.\nThat’s a super fancy way of saying Okta’s services are a strong solution to your modern IT team’s day-to-day problems. According to the company, it enables companies to “[overcome] the economic and technological limitations of any legacy identity management scheme […] [they] are currently using.”\nThis is all highly relevant to the investment thesis behind OKTA stock. After all, its unique security solution is the lifeblood of the company’s future. And that future is bright.\nWith the onset of an increasingly remote workforce upon us, alongside the arrival of a“Cyber Pandemic,”— both of which were byproducts of the social impact of Covid-19 — IT solutions should remain hot commodities long-term. Consider the following:\n\n“The percentage of workers permanently working from home is expected to doublein 2021.”\n“Worldwide cybercrime costs will hit $6 trillion annually by 2021.”\n“Security services accounted for an estimated 50% of cybersecurity budgets in 2020.”\nLooking at the frequency of ransomware attacks alone, the rate has increased from one every 40 seconds in 2016 to an attack every 11 seconds in 2021.\n\nClearly, companies are now willing to fork out the dough to stay safe. And the need for this safety is only growing. All of this should keep Okta in business for years to come. It should also help drive OKTA stock over a longer-term time frame.\nBut, as with most investment cases, things aren’t that simple.\nThe Downsides with Okta\nWhile OKTA stock had a strong run in 2020 (a 115% increase), it’s down about 10% so far in 2021. Much of that could be attributed to the pandemic catalyst tapering off. However, slowing revenue growth is another likely cause.\nLast year, Okta experienced massive 40% growth. The company now projects 30% revenue growth for next year. AsThe Motley Fool’s Travis Hoium explains, “with growth stocks, any reduction in the expected growth rate of the company can cause shares to plummet.”\nThe difference between 30% and 40% growth might not seem significant to some. However, several analysts issued price-target downgrades on the news earlier this year. Piper Sandler issued a cut to $235 from their $250 price target (a 6% reduction). Likewise, BMO Capital Markets changed its target from $285 to $265 (a 7% reduction).\nThe reduced growth projections (alongside dwindling post-pandemic hype) is a large reason for Okta’s pain in 2021. But there are also valuation concerns to contend with. At the start of the year, tech stocks suffered a selloff. Much of that’s due to inflated valuations within the space and continuing concerns that we’re in a tech bubble.\nWhether or not you agree with that broader market assessment, many argue that the valuation for OKTA stock is pricey relative to its peers. Plus, this concern gains further traction when you consider the following: “More than 70 percent of security executives believe that their budgets for fiscal year 2021 will shrink.” If these executives are correct, that could intensify the prospective reduction in Okta’s growth.\nIs OKTA Stock an Ugly Buy?\nThat certainly puts a dent in the bullish case for OKTA stock. But I don’t think it should be taken as a sign of complete doom.\nWhen it comes to Okta, there’s nothing exceptionallyuglyabout the company. However, the valuation and growth concerns are legitimate, depending on what you expect from the stock. As such, there are at least two core questions to ask yourself moving forward:\n\nDo you expect Okta to continue growing near the 40% rate it enjoyed last year?Okta projects a 10% reduction in growth and this coincides with the anticipated reduction in security budgets for 2021 (70%-plus of executives expect this to happen). If you’re looking for Okta to keep growing at a higher rate, then it might be time to walk away.\nDo you believe in Okta’s long-term viability?As mentioned earlier, the world is only getting more remote and IT security systems are only getting more intricate and necessary. Okta is a key player in this space and its services are generally well-regarded. If it continues to produce high-quality solutions, the company should have a strong foundation for continued growth (albeit at a less impressive rate).\n\nUltimately, when it comes to OKTA stock, I don’t think there’s reason to drop it. Unless, of course, you’re seeking more impressive growth narratives. Moving forward, longer-term investors ought to pay close attention to its continued viability to compete successfully in the cybersecurity space.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4854190,"gmtCreate":1623978956457,"gmtModify":1663229227541,"authorId":3571199921041604,"author":{"id":3571199921041604,"idStr":"3571199921041604","authorId":3571199921041604,"name":"ShenSiang","avatar":"https://static.tigerbbs.com/1f4f1e93da6d6ca9664728e4cfc578bb","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":168569008,"type":1,"supId":0,"prevId":0,"content":"Reply please","text":"Reply please","html":"Reply please"}],"langContent":"EN"},{"id":168519834,"gmtCreate":1623978435628,"gmtModify":1703825230311,"author":{"id":"3581763489080929","authorId":"3581763489080929","name":"Miao94","avatar":"https://static.tigerbbs.com/34f3df2688773fe9bc20c385589224ea","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581763489080929","authorIdStr":"3581763489080929"},"htmlText":"Comment&nbsp;","listText":"Comment&nbsp;","text":"Comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/168519834","repostId":1197275653,"repostType":4,"repost":{"id":"1197275653","kind":"news","pubTimestamp":1623976968,"share":"https://ttm.financial/m/news/1197275653?lang=&edition=fundamental","pubTime":"2021-06-18 08:42","market":"us","language":"en","title":"Downtrodden Okta Stock Still Has a Chance to Shine Again","url":"https://stock-news.laohu8.com/highlight/detail?id=1197275653","media":"InvestorPlace","summary":"OKTA stock is a well-positioned player in the increasingly hot cybersecurity space\nIn May 2021, mult","content":"OKTA stock is a well-positioned player in the increasingly hot cybersecurity space\nIn May 2021, multiple accounts associated with hacking group DarkSide received $4.4 million worth of ransom in&nbsp;Bitcoin(CCC:BTC-USD) after a cyberattack on the Colonial Pipeline. The impact of this attack led to a significant increase in gas prices. It also left some stations on the East Coast empty for a period. Ultimately, this event thrust&nbsp;cybersecurity stocks&nbsp;like&nbsp;Okta(NASDAQ:OKTA) stock back into the spotlight.\nYou might be quick to add OKTA stock to your list of cybersecurity companies to buy after this attack. After all, it’s a company that specializes in identity security. However, the bullish case doesn’t come without some challenges.\nSo, here’s a closer look at whether Okta is worth buying in 2021.\nOKTA Stock Has Ongoing Advantages\nWhile some investing trends come and go (just take a look at the whacky ridememe stockshave been going on), one thing is guaranteed moving forward. Cybersecurity — and the companies that specialize in the space — will&nbsp;remain&nbsp;invaluable.\nIn our increasingly hyper-connected world, the need for digital security services has no end. When it comes to Okta’s offerings in this space, it provides&nbsp;high-quality security solutions&nbsp;to identity protection.\nBreaking it down a bit further, the company offers a&nbsp;cloud-based security system&nbsp;that’s capable of intertwining with on-site applications. It’s designed to support modern work-based ecosystems that frequently rely on a combination of multiple cloud applications, user devices like laptops and phones, as well as external users’ (customers or business partners) systems and&nbsp;own custom apps.\nThe more “inhabitants” in the ecosystem, the greater the number of security risks it carries (and the more complex it becomes for IT teams to handle). So, rather than require multiple logins for each element and user, Okta links them through a single sign-on using its secure process. Okta also allows you to combine multi-factor authentication functionality with its customizable “Universal Directory.” Essentially, this helps IT teams determine the level of access per user within the entire system.\nThat’s a super fancy way of saying Okta’s services are a strong solution to your modern IT team’s day-to-day problems. According to the company, it enables companies to “[overcome] the economic and technological limitations of any legacy identity management scheme […] [they] are currently using.”\nThis is all highly relevant to the investment thesis behind OKTA stock. After all, its unique security solution is the lifeblood of the company’s future. And that future is bright.\nWith the onset of an increasingly remote workforce upon us, alongside the arrival of a“Cyber Pandemic,”— both of which were byproducts of the social impact of Covid-19 — IT solutions should remain hot commodities long-term. Consider the following:\n<ul>\n <li>“The percentage of workers permanently working from home is&nbsp;expected to doublein 2021.”</li>\n <li>“Worldwide cybercrime costs will hit&nbsp;$6 trillion annually by 2021.”</li>\n <li>“Security services accounted for an estimated 50% of cybersecurity budgets in 2020.”</li>\n <li>Looking at the frequency of ransomware attacks alone, the rate has increased from one every 40 seconds in 2016 to an attack&nbsp;every 11 seconds in 2021.</li>\n</ul>\nClearly, companies are now willing to fork out the dough to stay safe. And the need for this safety is only growing. All of this should keep Okta in business for years to come. It should also help drive OKTA stock over a longer-term time frame.\nBut, as with most investment cases, things aren’t&nbsp;that&nbsp;simple.\nThe Downsides with Okta\nWhile OKTA stock had a strong run in 2020 (a 115% increase), it’s down about 10% so far in 2021. Much of that could be attributed to the pandemic catalyst tapering off. However, slowing revenue growth is another likely cause.\nLast year, Okta experienced massive 40% growth. The company now&nbsp;projects 30% revenue growth&nbsp;for next year. AsThe Motley Fool’s&nbsp;Travis Hoium&nbsp;explains, “with&nbsp;growth stocks, any reduction in the expected growth rate of the company can cause shares to plummet.”\nThe difference between 30% and 40% growth might not seem significant to some. However, several analysts issued price-target downgrades on the news earlier this year. Piper Sandler issued a cut to $235 from their $250 price target (a 6% reduction). Likewise, BMO Capital Markets changed its target from $285 to $265 (a 7% reduction).\nThe reduced growth projections (alongside dwindling post-pandemic hype) is a large reason for Okta’s pain in 2021. But there are also valuation concerns to contend with. At the start of the year, tech stocks suffered a selloff. Much of that’s due to inflated valuations within the space and continuing&nbsp;concerns that we’re in a tech bubble.\nWhether or not you agree with that broader market assessment, many argue that the valuation for OKTA stock is&nbsp;pricey relative to its peers. Plus, this concern gains further traction when you consider the following: “More than 70 percent&nbsp;of security executives believe that their budgets for fiscal year 2021 will shrink.” If these executives are correct, that could intensify the prospective reduction in Okta’s growth.\nIs OKTA Stock an Ugly Buy?\nThat certainly puts a dent in the bullish case for OKTA stock. But I don’t think it should be taken as a sign of complete doom.\nWhen it comes to Okta, there’s nothing exceptionallyuglyabout the company. However, the valuation and growth concerns are legitimate, depending on what you expect from the stock. As such, there are at least two core questions to ask yourself moving forward:\n<ul>\n <li>Do you expect Okta to continue growing near the 40% rate it enjoyed last year?Okta projects a 10% reduction in growth and this coincides with the anticipated reduction in security budgets for 2021 (70%-plus of executives expect this to happen). If you’re looking for Okta to keep growing at a higher rate, then it might be time to walk away.</li>\n <li>Do you believe in Okta’s long-term viability?As mentioned earlier, the world is only getting more remote and IT security systems are only getting more intricate and necessary. Okta is a key player in this space and its services are generally well-regarded. If it continues to produce high-quality solutions, the company should have a strong foundation for continued growth (albeit at a less impressive rate).</li>\n</ul>\nUltimately, when it comes to OKTA stock, I don’t think there’s reason to drop it. Unless, of course, you’re seeking more impressive growth narratives. Moving forward, longer-term investors ought to pay close attention to its continued viability to compete successfully in the cybersecurity space.","source":"lsy1606302653667","collect":0,"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>Downtrodden Okta Stock Still Has a Chance to Shine Again</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\">\nDowntrodden Okta Stock Still Has a Chance to Shine Again\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-18 08:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/06/downtrodden-okta-stock-still-has-chance-to-shine-again/>InvestorPlace</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nOKTA stock is a well-positioned player in the increasingly hot cybersecurity space\nIn May 2021, multiple accounts associated with hacking group DarkSide received $4.4 million worth of ransom in ...\n\n<a href=\"https://investorplace.com/2021/06/downtrodden-okta-stock-still-has-chance-to-shine-again/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"OKTA":"Okta Inc."},"source_url":"https://investorplace.com/2021/06/downtrodden-okta-stock-still-has-chance-to-shine-again/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197275653","content_text":"OKTA stock is a well-positioned player in the increasingly hot cybersecurity space\nIn May 2021, multiple accounts associated with hacking group DarkSide received $4.4 million worth of ransom in Bitcoin(CCC:BTC-USD) after a cyberattack on the Colonial Pipeline. The impact of this attack led to a significant increase in gas prices. It also left some stations on the East Coast empty for a period. Ultimately, this event thrust cybersecurity stocks like Okta(NASDAQ:OKTA) stock back into the spotlight.\nYou might be quick to add OKTA stock to your list of cybersecurity companies to buy after this attack. After all, it’s a company that specializes in identity security. However, the bullish case doesn’t come without some challenges.\nSo, here’s a closer look at whether Okta is worth buying in 2021.\nOKTA Stock Has Ongoing Advantages\nWhile some investing trends come and go (just take a look at the whacky ridememe stockshave been going on), one thing is guaranteed moving forward. Cybersecurity — and the companies that specialize in the space — will remain invaluable.\nIn our increasingly hyper-connected world, the need for digital security services has no end. When it comes to Okta’s offerings in this space, it provides high-quality security solutions to identity protection.\nBreaking it down a bit further, the company offers a cloud-based security system that’s capable of intertwining with on-site applications. It’s designed to support modern work-based ecosystems that frequently rely on a combination of multiple cloud applications, user devices like laptops and phones, as well as external users’ (customers or business partners) systems and own custom apps.\nThe more “inhabitants” in the ecosystem, the greater the number of security risks it carries (and the more complex it becomes for IT teams to handle). So, rather than require multiple logins for each element and user, Okta links them through a single sign-on using its secure process. Okta also allows you to combine multi-factor authentication functionality with its customizable “Universal Directory.” Essentially, this helps IT teams determine the level of access per user within the entire system.\nThat’s a super fancy way of saying Okta’s services are a strong solution to your modern IT team’s day-to-day problems. According to the company, it enables companies to “[overcome] the economic and technological limitations of any legacy identity management scheme […] [they] are currently using.”\nThis is all highly relevant to the investment thesis behind OKTA stock. After all, its unique security solution is the lifeblood of the company’s future. And that future is bright.\nWith the onset of an increasingly remote workforce upon us, alongside the arrival of a“Cyber Pandemic,”— both of which were byproducts of the social impact of Covid-19 — IT solutions should remain hot commodities long-term. Consider the following:\n\n“The percentage of workers permanently working from home is expected to doublein 2021.”\n“Worldwide cybercrime costs will hit $6 trillion annually by 2021.”\n“Security services accounted for an estimated 50% of cybersecurity budgets in 2020.”\nLooking at the frequency of ransomware attacks alone, the rate has increased from one every 40 seconds in 2016 to an attack every 11 seconds in 2021.\n\nClearly, companies are now willing to fork out the dough to stay safe. And the need for this safety is only growing. All of this should keep Okta in business for years to come. It should also help drive OKTA stock over a longer-term time frame.\nBut, as with most investment cases, things aren’t that simple.\nThe Downsides with Okta\nWhile OKTA stock had a strong run in 2020 (a 115% increase), it’s down about 10% so far in 2021. Much of that could be attributed to the pandemic catalyst tapering off. However, slowing revenue growth is another likely cause.\nLast year, Okta experienced massive 40% growth. The company now projects 30% revenue growth for next year. AsThe Motley Fool’s Travis Hoium explains, “with growth stocks, any reduction in the expected growth rate of the company can cause shares to plummet.”\nThe difference between 30% and 40% growth might not seem significant to some. However, several analysts issued price-target downgrades on the news earlier this year. Piper Sandler issued a cut to $235 from their $250 price target (a 6% reduction). Likewise, BMO Capital Markets changed its target from $285 to $265 (a 7% reduction).\nThe reduced growth projections (alongside dwindling post-pandemic hype) is a large reason for Okta’s pain in 2021. But there are also valuation concerns to contend with. At the start of the year, tech stocks suffered a selloff. Much of that’s due to inflated valuations within the space and continuing concerns that we’re in a tech bubble.\nWhether or not you agree with that broader market assessment, many argue that the valuation for OKTA stock is pricey relative to its peers. Plus, this concern gains further traction when you consider the following: “More than 70 percent of security executives believe that their budgets for fiscal year 2021 will shrink.” If these executives are correct, that could intensify the prospective reduction in Okta’s growth.\nIs OKTA Stock an Ugly Buy?\nThat certainly puts a dent in the bullish case for OKTA stock. But I don’t think it should be taken as a sign of complete doom.\nWhen it comes to Okta, there’s nothing exceptionallyuglyabout the company. However, the valuation and growth concerns are legitimate, depending on what you expect from the stock. As such, there are at least two core questions to ask yourself moving forward:\n\nDo you expect Okta to continue growing near the 40% rate it enjoyed last year?Okta projects a 10% reduction in growth and this coincides with the anticipated reduction in security budgets for 2021 (70%-plus of executives expect this to happen). If you’re looking for Okta to keep growing at a higher rate, then it might be time to walk away.\nDo you believe in Okta’s long-term viability?As mentioned earlier, the world is only getting more remote and IT security systems are only getting more intricate and necessary. Okta is a key player in this space and its services are generally well-regarded. If it continues to produce high-quality solutions, the company should have a strong foundation for continued growth (albeit at a less impressive rate).\n\nUltimately, when it comes to OKTA stock, I don’t think there’s reason to drop it. Unless, of course, you’re seeking more impressive growth narratives. Moving forward, longer-term investors ought to pay close attention to its continued viability to compete successfully in the cybersecurity space.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":168537070,"gmtCreate":1623978387290,"gmtModify":1703825226846,"author":{"id":"3579772453455572","authorId":"3579772453455572","name":"myomyinthan","avatar":"https://static.tigerbbs.com/f65ada216e6594fc689417a707cf9654","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3579772453455572","authorIdStr":"3579772453455572"},"htmlText":"Please like and comment&nbsp;","listText":"Please like and comment&nbsp;","text":"Please like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/168537070","repostId":1197275653,"repostType":4,"repost":{"id":"1197275653","kind":"news","pubTimestamp":1623976968,"share":"https://ttm.financial/m/news/1197275653?lang=&edition=fundamental","pubTime":"2021-06-18 08:42","market":"us","language":"en","title":"Downtrodden Okta Stock Still Has a Chance to Shine Again","url":"https://stock-news.laohu8.com/highlight/detail?id=1197275653","media":"InvestorPlace","summary":"OKTA stock is a well-positioned player in the increasingly hot cybersecurity space\nIn May 2021, mult","content":"OKTA stock is a well-positioned player in the increasingly hot cybersecurity space\nIn May 2021, multiple accounts associated with hacking group DarkSide received $4.4 million worth of ransom in&nbsp;Bitcoin(CCC:BTC-USD) after a cyberattack on the Colonial Pipeline. The impact of this attack led to a significant increase in gas prices. It also left some stations on the East Coast empty for a period. Ultimately, this event thrust&nbsp;cybersecurity stocks&nbsp;like&nbsp;Okta(NASDAQ:OKTA) stock back into the spotlight.\nYou might be quick to add OKTA stock to your list of cybersecurity companies to buy after this attack. After all, it’s a company that specializes in identity security. However, the bullish case doesn’t come without some challenges.\nSo, here’s a closer look at whether Okta is worth buying in 2021.\nOKTA Stock Has Ongoing Advantages\nWhile some investing trends come and go (just take a look at the whacky ridememe stockshave been going on), one thing is guaranteed moving forward. Cybersecurity — and the companies that specialize in the space — will&nbsp;remain&nbsp;invaluable.\nIn our increasingly hyper-connected world, the need for digital security services has no end. When it comes to Okta’s offerings in this space, it provides&nbsp;high-quality security solutions&nbsp;to identity protection.\nBreaking it down a bit further, the company offers a&nbsp;cloud-based security system&nbsp;that’s capable of intertwining with on-site applications. It’s designed to support modern work-based ecosystems that frequently rely on a combination of multiple cloud applications, user devices like laptops and phones, as well as external users’ (customers or business partners) systems and&nbsp;own custom apps.\nThe more “inhabitants” in the ecosystem, the greater the number of security risks it carries (and the more complex it becomes for IT teams to handle). So, rather than require multiple logins for each element and user, Okta links them through a single sign-on using its secure process. Okta also allows you to combine multi-factor authentication functionality with its customizable “Universal Directory.” Essentially, this helps IT teams determine the level of access per user within the entire system.\nThat’s a super fancy way of saying Okta’s services are a strong solution to your modern IT team’s day-to-day problems. According to the company, it enables companies to “[overcome] the economic and technological limitations of any legacy identity management scheme […] [they] are currently using.”\nThis is all highly relevant to the investment thesis behind OKTA stock. After all, its unique security solution is the lifeblood of the company’s future. And that future is bright.\nWith the onset of an increasingly remote workforce upon us, alongside the arrival of a“Cyber Pandemic,”— both of which were byproducts of the social impact of Covid-19 — IT solutions should remain hot commodities long-term. Consider the following:\n<ul>\n <li>“The percentage of workers permanently working from home is&nbsp;expected to doublein 2021.”</li>\n <li>“Worldwide cybercrime costs will hit&nbsp;$6 trillion annually by 2021.”</li>\n <li>“Security services accounted for an estimated 50% of cybersecurity budgets in 2020.”</li>\n <li>Looking at the frequency of ransomware attacks alone, the rate has increased from one every 40 seconds in 2016 to an attack&nbsp;every 11 seconds in 2021.</li>\n</ul>\nClearly, companies are now willing to fork out the dough to stay safe. And the need for this safety is only growing. All of this should keep Okta in business for years to come. It should also help drive OKTA stock over a longer-term time frame.\nBut, as with most investment cases, things aren’t&nbsp;that&nbsp;simple.\nThe Downsides with Okta\nWhile OKTA stock had a strong run in 2020 (a 115% increase), it’s down about 10% so far in 2021. Much of that could be attributed to the pandemic catalyst tapering off. However, slowing revenue growth is another likely cause.\nLast year, Okta experienced massive 40% growth. The company now&nbsp;projects 30% revenue growth&nbsp;for next year. AsThe Motley Fool’s&nbsp;Travis Hoium&nbsp;explains, “with&nbsp;growth stocks, any reduction in the expected growth rate of the company can cause shares to plummet.”\nThe difference between 30% and 40% growth might not seem significant to some. However, several analysts issued price-target downgrades on the news earlier this year. Piper Sandler issued a cut to $235 from their $250 price target (a 6% reduction). Likewise, BMO Capital Markets changed its target from $285 to $265 (a 7% reduction).\nThe reduced growth projections (alongside dwindling post-pandemic hype) is a large reason for Okta’s pain in 2021. But there are also valuation concerns to contend with. At the start of the year, tech stocks suffered a selloff. Much of that’s due to inflated valuations within the space and continuing&nbsp;concerns that we’re in a tech bubble.\nWhether or not you agree with that broader market assessment, many argue that the valuation for OKTA stock is&nbsp;pricey relative to its peers. Plus, this concern gains further traction when you consider the following: “More than 70 percent&nbsp;of security executives believe that their budgets for fiscal year 2021 will shrink.” If these executives are correct, that could intensify the prospective reduction in Okta’s growth.\nIs OKTA Stock an Ugly Buy?\nThat certainly puts a dent in the bullish case for OKTA stock. But I don’t think it should be taken as a sign of complete doom.\nWhen it comes to Okta, there’s nothing exceptionallyuglyabout the company. However, the valuation and growth concerns are legitimate, depending on what you expect from the stock. As such, there are at least two core questions to ask yourself moving forward:\n<ul>\n <li>Do you expect Okta to continue growing near the 40% rate it enjoyed last year?Okta projects a 10% reduction in growth and this coincides with the anticipated reduction in security budgets for 2021 (70%-plus of executives expect this to happen). If you’re looking for Okta to keep growing at a higher rate, then it might be time to walk away.</li>\n <li>Do you believe in Okta’s long-term viability?As mentioned earlier, the world is only getting more remote and IT security systems are only getting more intricate and necessary. Okta is a key player in this space and its services are generally well-regarded. If it continues to produce high-quality solutions, the company should have a strong foundation for continued growth (albeit at a less impressive rate).</li>\n</ul>\nUltimately, when it comes to OKTA stock, I don’t think there’s reason to drop it. Unless, of course, you’re seeking more impressive growth narratives. Moving forward, longer-term investors ought to pay close attention to its continued viability to compete successfully in the cybersecurity space.","source":"lsy1606302653667","collect":0,"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>Downtrodden Okta Stock Still Has a Chance to Shine Again</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\">\nDowntrodden Okta Stock Still Has a Chance to Shine Again\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-18 08:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/06/downtrodden-okta-stock-still-has-chance-to-shine-again/>InvestorPlace</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nOKTA stock is a well-positioned player in the increasingly hot cybersecurity space\nIn May 2021, multiple accounts associated with hacking group DarkSide received $4.4 million worth of ransom in ...\n\n<a href=\"https://investorplace.com/2021/06/downtrodden-okta-stock-still-has-chance-to-shine-again/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"OKTA":"Okta Inc."},"source_url":"https://investorplace.com/2021/06/downtrodden-okta-stock-still-has-chance-to-shine-again/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197275653","content_text":"OKTA stock is a well-positioned player in the increasingly hot cybersecurity space\nIn May 2021, multiple accounts associated with hacking group DarkSide received $4.4 million worth of ransom in Bitcoin(CCC:BTC-USD) after a cyberattack on the Colonial Pipeline. The impact of this attack led to a significant increase in gas prices. It also left some stations on the East Coast empty for a period. Ultimately, this event thrust cybersecurity stocks like Okta(NASDAQ:OKTA) stock back into the spotlight.\nYou might be quick to add OKTA stock to your list of cybersecurity companies to buy after this attack. After all, it’s a company that specializes in identity security. However, the bullish case doesn’t come without some challenges.\nSo, here’s a closer look at whether Okta is worth buying in 2021.\nOKTA Stock Has Ongoing Advantages\nWhile some investing trends come and go (just take a look at the whacky ridememe stockshave been going on), one thing is guaranteed moving forward. Cybersecurity — and the companies that specialize in the space — will remain invaluable.\nIn our increasingly hyper-connected world, the need for digital security services has no end. When it comes to Okta’s offerings in this space, it provides high-quality security solutions to identity protection.\nBreaking it down a bit further, the company offers a cloud-based security system that’s capable of intertwining with on-site applications. It’s designed to support modern work-based ecosystems that frequently rely on a combination of multiple cloud applications, user devices like laptops and phones, as well as external users’ (customers or business partners) systems and own custom apps.\nThe more “inhabitants” in the ecosystem, the greater the number of security risks it carries (and the more complex it becomes for IT teams to handle). So, rather than require multiple logins for each element and user, Okta links them through a single sign-on using its secure process. Okta also allows you to combine multi-factor authentication functionality with its customizable “Universal Directory.” Essentially, this helps IT teams determine the level of access per user within the entire system.\nThat’s a super fancy way of saying Okta’s services are a strong solution to your modern IT team’s day-to-day problems. According to the company, it enables companies to “[overcome] the economic and technological limitations of any legacy identity management scheme […] [they] are currently using.”\nThis is all highly relevant to the investment thesis behind OKTA stock. After all, its unique security solution is the lifeblood of the company’s future. And that future is bright.\nWith the onset of an increasingly remote workforce upon us, alongside the arrival of a“Cyber Pandemic,”— both of which were byproducts of the social impact of Covid-19 — IT solutions should remain hot commodities long-term. Consider the following:\n\n“The percentage of workers permanently working from home is expected to doublein 2021.”\n“Worldwide cybercrime costs will hit $6 trillion annually by 2021.”\n“Security services accounted for an estimated 50% of cybersecurity budgets in 2020.”\nLooking at the frequency of ransomware attacks alone, the rate has increased from one every 40 seconds in 2016 to an attack every 11 seconds in 2021.\n\nClearly, companies are now willing to fork out the dough to stay safe. And the need for this safety is only growing. All of this should keep Okta in business for years to come. It should also help drive OKTA stock over a longer-term time frame.\nBut, as with most investment cases, things aren’t that simple.\nThe Downsides with Okta\nWhile OKTA stock had a strong run in 2020 (a 115% increase), it’s down about 10% so far in 2021. Much of that could be attributed to the pandemic catalyst tapering off. However, slowing revenue growth is another likely cause.\nLast year, Okta experienced massive 40% growth. The company now projects 30% revenue growth for next year. AsThe Motley Fool’s Travis Hoium explains, “with growth stocks, any reduction in the expected growth rate of the company can cause shares to plummet.”\nThe difference between 30% and 40% growth might not seem significant to some. However, several analysts issued price-target downgrades on the news earlier this year. Piper Sandler issued a cut to $235 from their $250 price target (a 6% reduction). Likewise, BMO Capital Markets changed its target from $285 to $265 (a 7% reduction).\nThe reduced growth projections (alongside dwindling post-pandemic hype) is a large reason for Okta’s pain in 2021. But there are also valuation concerns to contend with. At the start of the year, tech stocks suffered a selloff. Much of that’s due to inflated valuations within the space and continuing concerns that we’re in a tech bubble.\nWhether or not you agree with that broader market assessment, many argue that the valuation for OKTA stock is pricey relative to its peers. Plus, this concern gains further traction when you consider the following: “More than 70 percent of security executives believe that their budgets for fiscal year 2021 will shrink.” If these executives are correct, that could intensify the prospective reduction in Okta’s growth.\nIs OKTA Stock an Ugly Buy?\nThat certainly puts a dent in the bullish case for OKTA stock. But I don’t think it should be taken as a sign of complete doom.\nWhen it comes to Okta, there’s nothing exceptionallyuglyabout the company. However, the valuation and growth concerns are legitimate, depending on what you expect from the stock. As such, there are at least two core questions to ask yourself moving forward:\n\nDo you expect Okta to continue growing near the 40% rate it enjoyed last year?Okta projects a 10% reduction in growth and this coincides with the anticipated reduction in security budgets for 2021 (70%-plus of executives expect this to happen). If you’re looking for Okta to keep growing at a higher rate, then it might be time to walk away.\nDo you believe in Okta’s long-term viability?As mentioned earlier, the world is only getting more remote and IT security systems are only getting more intricate and necessary. Okta is a key player in this space and its services are generally well-regarded. If it continues to produce high-quality solutions, the company should have a strong foundation for continued growth (albeit at a less impressive rate).\n\nUltimately, when it comes to OKTA stock, I don’t think there’s reason to drop it. Unless, of course, you’re seeking more impressive growth narratives. Moving forward, longer-term investors ought to pay close attention to its continued viability to compete successfully in the cybersecurity space.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4853866,"gmtCreate":1623978468750,"gmtModify":1663229225239,"authorId":3572313172431959,"author":{"id":3572313172431959,"idStr":"3572313172431959","authorId":3572313172431959,"name":"Venus888","avatar":"https://static.tigerbbs.com/2eb10c539f367e4d8f1ae8ddf081bfdf","vip":1,"crmLevel":9,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":168537070,"type":1,"supId":0,"prevId":0,"content":"ok. pls like and comment","text":"ok. pls like and comment","html":"ok. pls like and comment"}],"langContent":"EN"},{"id":168536237,"gmtCreate":1623978324629,"gmtModify":1703825221290,"author":{"id":"3573721781255613","authorId":"3573721781255613","name":"szueyann","avatar":"https://static.tigerbbs.com/cba9c6b1e785a9cf7301a7e6a2ff2354","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3573721781255613","authorIdStr":"3573721781255613"},"htmlText":"Please like and comment. Thanks","listText":"Please like and comment. Thanks","text":"Please like and comment. Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/168536237","repostId":1197275653,"repostType":4,"repost":{"id":"1197275653","kind":"news","pubTimestamp":1623976968,"share":"https://ttm.financial/m/news/1197275653?lang=&edition=fundamental","pubTime":"2021-06-18 08:42","market":"us","language":"en","title":"Downtrodden Okta Stock Still Has a Chance to Shine Again","url":"https://stock-news.laohu8.com/highlight/detail?id=1197275653","media":"InvestorPlace","summary":"OKTA stock is a well-positioned player in the increasingly hot cybersecurity space\nIn May 2021, mult","content":"OKTA stock is a well-positioned player in the increasingly hot cybersecurity space\nIn May 2021, multiple accounts associated with hacking group DarkSide received $4.4 million worth of ransom in&nbsp;Bitcoin(CCC:BTC-USD) after a cyberattack on the Colonial Pipeline. The impact of this attack led to a significant increase in gas prices. It also left some stations on the East Coast empty for a period. Ultimately, this event thrust&nbsp;cybersecurity stocks&nbsp;like&nbsp;Okta(NASDAQ:OKTA) stock back into the spotlight.\nYou might be quick to add OKTA stock to your list of cybersecurity companies to buy after this attack. After all, it’s a company that specializes in identity security. However, the bullish case doesn’t come without some challenges.\nSo, here’s a closer look at whether Okta is worth buying in 2021.\nOKTA Stock Has Ongoing Advantages\nWhile some investing trends come and go (just take a look at the whacky ridememe stockshave been going on), one thing is guaranteed moving forward. Cybersecurity — and the companies that specialize in the space — will&nbsp;remain&nbsp;invaluable.\nIn our increasingly hyper-connected world, the need for digital security services has no end. When it comes to Okta’s offerings in this space, it provides&nbsp;high-quality security solutions&nbsp;to identity protection.\nBreaking it down a bit further, the company offers a&nbsp;cloud-based security system&nbsp;that’s capable of intertwining with on-site applications. It’s designed to support modern work-based ecosystems that frequently rely on a combination of multiple cloud applications, user devices like laptops and phones, as well as external users’ (customers or business partners) systems and&nbsp;own custom apps.\nThe more “inhabitants” in the ecosystem, the greater the number of security risks it carries (and the more complex it becomes for IT teams to handle). So, rather than require multiple logins for each element and user, Okta links them through a single sign-on using its secure process. Okta also allows you to combine multi-factor authentication functionality with its customizable “Universal Directory.” Essentially, this helps IT teams determine the level of access per user within the entire system.\nThat’s a super fancy way of saying Okta’s services are a strong solution to your modern IT team’s day-to-day problems. According to the company, it enables companies to “[overcome] the economic and technological limitations of any legacy identity management scheme […] [they] are currently using.”\nThis is all highly relevant to the investment thesis behind OKTA stock. After all, its unique security solution is the lifeblood of the company’s future. And that future is bright.\nWith the onset of an increasingly remote workforce upon us, alongside the arrival of a“Cyber Pandemic,”— both of which were byproducts of the social impact of Covid-19 — IT solutions should remain hot commodities long-term. Consider the following:\n<ul>\n <li>“The percentage of workers permanently working from home is&nbsp;expected to doublein 2021.”</li>\n <li>“Worldwide cybercrime costs will hit&nbsp;$6 trillion annually by 2021.”</li>\n <li>“Security services accounted for an estimated 50% of cybersecurity budgets in 2020.”</li>\n <li>Looking at the frequency of ransomware attacks alone, the rate has increased from one every 40 seconds in 2016 to an attack&nbsp;every 11 seconds in 2021.</li>\n</ul>\nClearly, companies are now willing to fork out the dough to stay safe. And the need for this safety is only growing. All of this should keep Okta in business for years to come. It should also help drive OKTA stock over a longer-term time frame.\nBut, as with most investment cases, things aren’t&nbsp;that&nbsp;simple.\nThe Downsides with Okta\nWhile OKTA stock had a strong run in 2020 (a 115% increase), it’s down about 10% so far in 2021. Much of that could be attributed to the pandemic catalyst tapering off. However, slowing revenue growth is another likely cause.\nLast year, Okta experienced massive 40% growth. The company now&nbsp;projects 30% revenue growth&nbsp;for next year. AsThe Motley Fool’s&nbsp;Travis Hoium&nbsp;explains, “with&nbsp;growth stocks, any reduction in the expected growth rate of the company can cause shares to plummet.”\nThe difference between 30% and 40% growth might not seem significant to some. However, several analysts issued price-target downgrades on the news earlier this year. Piper Sandler issued a cut to $235 from their $250 price target (a 6% reduction). Likewise, BMO Capital Markets changed its target from $285 to $265 (a 7% reduction).\nThe reduced growth projections (alongside dwindling post-pandemic hype) is a large reason for Okta’s pain in 2021. But there are also valuation concerns to contend with. At the start of the year, tech stocks suffered a selloff. Much of that’s due to inflated valuations within the space and continuing&nbsp;concerns that we’re in a tech bubble.\nWhether or not you agree with that broader market assessment, many argue that the valuation for OKTA stock is&nbsp;pricey relative to its peers. Plus, this concern gains further traction when you consider the following: “More than 70 percent&nbsp;of security executives believe that their budgets for fiscal year 2021 will shrink.” If these executives are correct, that could intensify the prospective reduction in Okta’s growth.\nIs OKTA Stock an Ugly Buy?\nThat certainly puts a dent in the bullish case for OKTA stock. But I don’t think it should be taken as a sign of complete doom.\nWhen it comes to Okta, there’s nothing exceptionallyuglyabout the company. However, the valuation and growth concerns are legitimate, depending on what you expect from the stock. As such, there are at least two core questions to ask yourself moving forward:\n<ul>\n <li>Do you expect Okta to continue growing near the 40% rate it enjoyed last year?Okta projects a 10% reduction in growth and this coincides with the anticipated reduction in security budgets for 2021 (70%-plus of executives expect this to happen). If you’re looking for Okta to keep growing at a higher rate, then it might be time to walk away.</li>\n <li>Do you believe in Okta’s long-term viability?As mentioned earlier, the world is only getting more remote and IT security systems are only getting more intricate and necessary. Okta is a key player in this space and its services are generally well-regarded. If it continues to produce high-quality solutions, the company should have a strong foundation for continued growth (albeit at a less impressive rate).</li>\n</ul>\nUltimately, when it comes to OKTA stock, I don’t think there’s reason to drop it. Unless, of course, you’re seeking more impressive growth narratives. Moving forward, longer-term investors ought to pay close attention to its continued viability to compete successfully in the cybersecurity space.","source":"lsy1606302653667","collect":0,"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>Downtrodden Okta Stock Still Has a Chance to Shine Again</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\">\nDowntrodden Okta Stock Still Has a Chance to Shine Again\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-18 08:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/06/downtrodden-okta-stock-still-has-chance-to-shine-again/>InvestorPlace</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nOKTA stock is a well-positioned player in the increasingly hot cybersecurity space\nIn May 2021, multiple accounts associated with hacking group DarkSide received $4.4 million worth of ransom in ...\n\n<a href=\"https://investorplace.com/2021/06/downtrodden-okta-stock-still-has-chance-to-shine-again/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"OKTA":"Okta Inc."},"source_url":"https://investorplace.com/2021/06/downtrodden-okta-stock-still-has-chance-to-shine-again/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197275653","content_text":"OKTA stock is a well-positioned player in the increasingly hot cybersecurity space\nIn May 2021, multiple accounts associated with hacking group DarkSide received $4.4 million worth of ransom in Bitcoin(CCC:BTC-USD) after a cyberattack on the Colonial Pipeline. The impact of this attack led to a significant increase in gas prices. It also left some stations on the East Coast empty for a period. Ultimately, this event thrust cybersecurity stocks like Okta(NASDAQ:OKTA) stock back into the spotlight.\nYou might be quick to add OKTA stock to your list of cybersecurity companies to buy after this attack. After all, it’s a company that specializes in identity security. However, the bullish case doesn’t come without some challenges.\nSo, here’s a closer look at whether Okta is worth buying in 2021.\nOKTA Stock Has Ongoing Advantages\nWhile some investing trends come and go (just take a look at the whacky ridememe stockshave been going on), one thing is guaranteed moving forward. Cybersecurity — and the companies that specialize in the space — will remain invaluable.\nIn our increasingly hyper-connected world, the need for digital security services has no end. When it comes to Okta’s offerings in this space, it provides high-quality security solutions to identity protection.\nBreaking it down a bit further, the company offers a cloud-based security system that’s capable of intertwining with on-site applications. It’s designed to support modern work-based ecosystems that frequently rely on a combination of multiple cloud applications, user devices like laptops and phones, as well as external users’ (customers or business partners) systems and own custom apps.\nThe more “inhabitants” in the ecosystem, the greater the number of security risks it carries (and the more complex it becomes for IT teams to handle). So, rather than require multiple logins for each element and user, Okta links them through a single sign-on using its secure process. Okta also allows you to combine multi-factor authentication functionality with its customizable “Universal Directory.” Essentially, this helps IT teams determine the level of access per user within the entire system.\nThat’s a super fancy way of saying Okta’s services are a strong solution to your modern IT team’s day-to-day problems. According to the company, it enables companies to “[overcome] the economic and technological limitations of any legacy identity management scheme […] [they] are currently using.”\nThis is all highly relevant to the investment thesis behind OKTA stock. After all, its unique security solution is the lifeblood of the company’s future. And that future is bright.\nWith the onset of an increasingly remote workforce upon us, alongside the arrival of a“Cyber Pandemic,”— both of which were byproducts of the social impact of Covid-19 — IT solutions should remain hot commodities long-term. Consider the following:\n\n“The percentage of workers permanently working from home is expected to doublein 2021.”\n“Worldwide cybercrime costs will hit $6 trillion annually by 2021.”\n“Security services accounted for an estimated 50% of cybersecurity budgets in 2020.”\nLooking at the frequency of ransomware attacks alone, the rate has increased from one every 40 seconds in 2016 to an attack every 11 seconds in 2021.\n\nClearly, companies are now willing to fork out the dough to stay safe. And the need for this safety is only growing. All of this should keep Okta in business for years to come. It should also help drive OKTA stock over a longer-term time frame.\nBut, as with most investment cases, things aren’t that simple.\nThe Downsides with Okta\nWhile OKTA stock had a strong run in 2020 (a 115% increase), it’s down about 10% so far in 2021. Much of that could be attributed to the pandemic catalyst tapering off. However, slowing revenue growth is another likely cause.\nLast year, Okta experienced massive 40% growth. The company now projects 30% revenue growth for next year. AsThe Motley Fool’s Travis Hoium explains, “with growth stocks, any reduction in the expected growth rate of the company can cause shares to plummet.”\nThe difference between 30% and 40% growth might not seem significant to some. However, several analysts issued price-target downgrades on the news earlier this year. Piper Sandler issued a cut to $235 from their $250 price target (a 6% reduction). Likewise, BMO Capital Markets changed its target from $285 to $265 (a 7% reduction).\nThe reduced growth projections (alongside dwindling post-pandemic hype) is a large reason for Okta’s pain in 2021. But there are also valuation concerns to contend with. At the start of the year, tech stocks suffered a selloff. Much of that’s due to inflated valuations within the space and continuing concerns that we’re in a tech bubble.\nWhether or not you agree with that broader market assessment, many argue that the valuation for OKTA stock is pricey relative to its peers. Plus, this concern gains further traction when you consider the following: “More than 70 percent of security executives believe that their budgets for fiscal year 2021 will shrink.” If these executives are correct, that could intensify the prospective reduction in Okta’s growth.\nIs OKTA Stock an Ugly Buy?\nThat certainly puts a dent in the bullish case for OKTA stock. But I don’t think it should be taken as a sign of complete doom.\nWhen it comes to Okta, there’s nothing exceptionallyuglyabout the company. However, the valuation and growth concerns are legitimate, depending on what you expect from the stock. As such, there are at least two core questions to ask yourself moving forward:\n\nDo you expect Okta to continue growing near the 40% rate it enjoyed last year?Okta projects a 10% reduction in growth and this coincides with the anticipated reduction in security budgets for 2021 (70%-plus of executives expect this to happen). If you’re looking for Okta to keep growing at a higher rate, then it might be time to walk away.\nDo you believe in Okta’s long-term viability?As mentioned earlier, the world is only getting more remote and IT security systems are only getting more intricate and necessary. Okta is a key player in this space and its services are generally well-regarded. If it continues to produce high-quality solutions, the company should have a strong foundation for continued growth (albeit at a less impressive rate).\n\nUltimately, when it comes to OKTA stock, I don’t think there’s reason to drop it. Unless, of course, you’re seeking more impressive growth narratives. Moving forward, longer-term investors ought to pay close attention to its continued viability to compete successfully in the cybersecurity space.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":168530429,"gmtCreate":1623978226561,"gmtModify":1703825214845,"author":{"id":"3582209513703529","authorId":"3582209513703529","name":"larkygal","avatar":"https://static.tigerbbs.com/a22c89190974fdfaf13f46ff41a8c983","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3582209513703529","authorIdStr":"3582209513703529"},"htmlText":"Pls like n connent thx","listText":"Pls like n connent thx","text":"Pls like n connent thx","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/168530429","repostId":1197275653,"repostType":4,"repost":{"id":"1197275653","kind":"news","pubTimestamp":1623976968,"share":"https://ttm.financial/m/news/1197275653?lang=&edition=fundamental","pubTime":"2021-06-18 08:42","market":"us","language":"en","title":"Downtrodden Okta Stock Still Has a Chance to Shine Again","url":"https://stock-news.laohu8.com/highlight/detail?id=1197275653","media":"InvestorPlace","summary":"OKTA stock is a well-positioned player in the increasingly hot cybersecurity space\nIn May 2021, mult","content":"OKTA stock is a well-positioned player in the increasingly hot cybersecurity space\nIn May 2021, multiple accounts associated with hacking group DarkSide received $4.4 million worth of ransom in&nbsp;Bitcoin(CCC:BTC-USD) after a cyberattack on the Colonial Pipeline. The impact of this attack led to a significant increase in gas prices. It also left some stations on the East Coast empty for a period. Ultimately, this event thrust&nbsp;cybersecurity stocks&nbsp;like&nbsp;Okta(NASDAQ:OKTA) stock back into the spotlight.\nYou might be quick to add OKTA stock to your list of cybersecurity companies to buy after this attack. After all, it’s a company that specializes in identity security. However, the bullish case doesn’t come without some challenges.\nSo, here’s a closer look at whether Okta is worth buying in 2021.\nOKTA Stock Has Ongoing Advantages\nWhile some investing trends come and go (just take a look at the whacky ridememe stockshave been going on), one thing is guaranteed moving forward. Cybersecurity — and the companies that specialize in the space — will&nbsp;remain&nbsp;invaluable.\nIn our increasingly hyper-connected world, the need for digital security services has no end. When it comes to Okta’s offerings in this space, it provides&nbsp;high-quality security solutions&nbsp;to identity protection.\nBreaking it down a bit further, the company offers a&nbsp;cloud-based security system&nbsp;that’s capable of intertwining with on-site applications. It’s designed to support modern work-based ecosystems that frequently rely on a combination of multiple cloud applications, user devices like laptops and phones, as well as external users’ (customers or business partners) systems and&nbsp;own custom apps.\nThe more “inhabitants” in the ecosystem, the greater the number of security risks it carries (and the more complex it becomes for IT teams to handle). So, rather than require multiple logins for each element and user, Okta links them through a single sign-on using its secure process. Okta also allows you to combine multi-factor authentication functionality with its customizable “Universal Directory.” Essentially, this helps IT teams determine the level of access per user within the entire system.\nThat’s a super fancy way of saying Okta’s services are a strong solution to your modern IT team’s day-to-day problems. According to the company, it enables companies to “[overcome] the economic and technological limitations of any legacy identity management scheme […] [they] are currently using.”\nThis is all highly relevant to the investment thesis behind OKTA stock. After all, its unique security solution is the lifeblood of the company’s future. And that future is bright.\nWith the onset of an increasingly remote workforce upon us, alongside the arrival of a“Cyber Pandemic,”— both of which were byproducts of the social impact of Covid-19 — IT solutions should remain hot commodities long-term. Consider the following:\n<ul>\n <li>“The percentage of workers permanently working from home is&nbsp;expected to doublein 2021.”</li>\n <li>“Worldwide cybercrime costs will hit&nbsp;$6 trillion annually by 2021.”</li>\n <li>“Security services accounted for an estimated 50% of cybersecurity budgets in 2020.”</li>\n <li>Looking at the frequency of ransomware attacks alone, the rate has increased from one every 40 seconds in 2016 to an attack&nbsp;every 11 seconds in 2021.</li>\n</ul>\nClearly, companies are now willing to fork out the dough to stay safe. And the need for this safety is only growing. All of this should keep Okta in business for years to come. It should also help drive OKTA stock over a longer-term time frame.\nBut, as with most investment cases, things aren’t&nbsp;that&nbsp;simple.\nThe Downsides with Okta\nWhile OKTA stock had a strong run in 2020 (a 115% increase), it’s down about 10% so far in 2021. Much of that could be attributed to the pandemic catalyst tapering off. However, slowing revenue growth is another likely cause.\nLast year, Okta experienced massive 40% growth. The company now&nbsp;projects 30% revenue growth&nbsp;for next year. AsThe Motley Fool’s&nbsp;Travis Hoium&nbsp;explains, “with&nbsp;growth stocks, any reduction in the expected growth rate of the company can cause shares to plummet.”\nThe difference between 30% and 40% growth might not seem significant to some. However, several analysts issued price-target downgrades on the news earlier this year. Piper Sandler issued a cut to $235 from their $250 price target (a 6% reduction). Likewise, BMO Capital Markets changed its target from $285 to $265 (a 7% reduction).\nThe reduced growth projections (alongside dwindling post-pandemic hype) is a large reason for Okta’s pain in 2021. But there are also valuation concerns to contend with. At the start of the year, tech stocks suffered a selloff. Much of that’s due to inflated valuations within the space and continuing&nbsp;concerns that we’re in a tech bubble.\nWhether or not you agree with that broader market assessment, many argue that the valuation for OKTA stock is&nbsp;pricey relative to its peers. Plus, this concern gains further traction when you consider the following: “More than 70 percent&nbsp;of security executives believe that their budgets for fiscal year 2021 will shrink.” If these executives are correct, that could intensify the prospective reduction in Okta’s growth.\nIs OKTA Stock an Ugly Buy?\nThat certainly puts a dent in the bullish case for OKTA stock. But I don’t think it should be taken as a sign of complete doom.\nWhen it comes to Okta, there’s nothing exceptionallyuglyabout the company. However, the valuation and growth concerns are legitimate, depending on what you expect from the stock. As such, there are at least two core questions to ask yourself moving forward:\n<ul>\n <li>Do you expect Okta to continue growing near the 40% rate it enjoyed last year?Okta projects a 10% reduction in growth and this coincides with the anticipated reduction in security budgets for 2021 (70%-plus of executives expect this to happen). If you’re looking for Okta to keep growing at a higher rate, then it might be time to walk away.</li>\n <li>Do you believe in Okta’s long-term viability?As mentioned earlier, the world is only getting more remote and IT security systems are only getting more intricate and necessary. Okta is a key player in this space and its services are generally well-regarded. If it continues to produce high-quality solutions, the company should have a strong foundation for continued growth (albeit at a less impressive rate).</li>\n</ul>\nUltimately, when it comes to OKTA stock, I don’t think there’s reason to drop it. Unless, of course, you’re seeking more impressive growth narratives. Moving forward, longer-term investors ought to pay close attention to its continued viability to compete successfully in the cybersecurity space.","source":"lsy1606302653667","collect":0,"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>Downtrodden Okta Stock Still Has a Chance to Shine Again</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\">\nDowntrodden Okta Stock Still Has a Chance to Shine Again\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-18 08:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/06/downtrodden-okta-stock-still-has-chance-to-shine-again/>InvestorPlace</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nOKTA stock is a well-positioned player in the increasingly hot cybersecurity space\nIn May 2021, multiple accounts associated with hacking group DarkSide received $4.4 million worth of ransom in ...\n\n<a href=\"https://investorplace.com/2021/06/downtrodden-okta-stock-still-has-chance-to-shine-again/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"OKTA":"Okta Inc."},"source_url":"https://investorplace.com/2021/06/downtrodden-okta-stock-still-has-chance-to-shine-again/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197275653","content_text":"OKTA stock is a well-positioned player in the increasingly hot cybersecurity space\nIn May 2021, multiple accounts associated with hacking group DarkSide received $4.4 million worth of ransom in Bitcoin(CCC:BTC-USD) after a cyberattack on the Colonial Pipeline. The impact of this attack led to a significant increase in gas prices. It also left some stations on the East Coast empty for a period. Ultimately, this event thrust cybersecurity stocks like Okta(NASDAQ:OKTA) stock back into the spotlight.\nYou might be quick to add OKTA stock to your list of cybersecurity companies to buy after this attack. After all, it’s a company that specializes in identity security. However, the bullish case doesn’t come without some challenges.\nSo, here’s a closer look at whether Okta is worth buying in 2021.\nOKTA Stock Has Ongoing Advantages\nWhile some investing trends come and go (just take a look at the whacky ridememe stockshave been going on), one thing is guaranteed moving forward. Cybersecurity — and the companies that specialize in the space — will remain invaluable.\nIn our increasingly hyper-connected world, the need for digital security services has no end. When it comes to Okta’s offerings in this space, it provides high-quality security solutions to identity protection.\nBreaking it down a bit further, the company offers a cloud-based security system that’s capable of intertwining with on-site applications. It’s designed to support modern work-based ecosystems that frequently rely on a combination of multiple cloud applications, user devices like laptops and phones, as well as external users’ (customers or business partners) systems and own custom apps.\nThe more “inhabitants” in the ecosystem, the greater the number of security risks it carries (and the more complex it becomes for IT teams to handle). So, rather than require multiple logins for each element and user, Okta links them through a single sign-on using its secure process. Okta also allows you to combine multi-factor authentication functionality with its customizable “Universal Directory.” Essentially, this helps IT teams determine the level of access per user within the entire system.\nThat’s a super fancy way of saying Okta’s services are a strong solution to your modern IT team’s day-to-day problems. According to the company, it enables companies to “[overcome] the economic and technological limitations of any legacy identity management scheme […] [they] are currently using.”\nThis is all highly relevant to the investment thesis behind OKTA stock. After all, its unique security solution is the lifeblood of the company’s future. And that future is bright.\nWith the onset of an increasingly remote workforce upon us, alongside the arrival of a“Cyber Pandemic,”— both of which were byproducts of the social impact of Covid-19 — IT solutions should remain hot commodities long-term. Consider the following:\n\n“The percentage of workers permanently working from home is expected to doublein 2021.”\n“Worldwide cybercrime costs will hit $6 trillion annually by 2021.”\n“Security services accounted for an estimated 50% of cybersecurity budgets in 2020.”\nLooking at the frequency of ransomware attacks alone, the rate has increased from one every 40 seconds in 2016 to an attack every 11 seconds in 2021.\n\nClearly, companies are now willing to fork out the dough to stay safe. And the need for this safety is only growing. All of this should keep Okta in business for years to come. It should also help drive OKTA stock over a longer-term time frame.\nBut, as with most investment cases, things aren’t that simple.\nThe Downsides with Okta\nWhile OKTA stock had a strong run in 2020 (a 115% increase), it’s down about 10% so far in 2021. Much of that could be attributed to the pandemic catalyst tapering off. However, slowing revenue growth is another likely cause.\nLast year, Okta experienced massive 40% growth. The company now projects 30% revenue growth for next year. AsThe Motley Fool’s Travis Hoium explains, “with growth stocks, any reduction in the expected growth rate of the company can cause shares to plummet.”\nThe difference between 30% and 40% growth might not seem significant to some. However, several analysts issued price-target downgrades on the news earlier this year. Piper Sandler issued a cut to $235 from their $250 price target (a 6% reduction). Likewise, BMO Capital Markets changed its target from $285 to $265 (a 7% reduction).\nThe reduced growth projections (alongside dwindling post-pandemic hype) is a large reason for Okta’s pain in 2021. But there are also valuation concerns to contend with. At the start of the year, tech stocks suffered a selloff. Much of that’s due to inflated valuations within the space and continuing concerns that we’re in a tech bubble.\nWhether or not you agree with that broader market assessment, many argue that the valuation for OKTA stock is pricey relative to its peers. Plus, this concern gains further traction when you consider the following: “More than 70 percent of security executives believe that their budgets for fiscal year 2021 will shrink.” If these executives are correct, that could intensify the prospective reduction in Okta’s growth.\nIs OKTA Stock an Ugly Buy?\nThat certainly puts a dent in the bullish case for OKTA stock. But I don’t think it should be taken as a sign of complete doom.\nWhen it comes to Okta, there’s nothing exceptionallyuglyabout the company. However, the valuation and growth concerns are legitimate, depending on what you expect from the stock. As such, there are at least two core questions to ask yourself moving forward:\n\nDo you expect Okta to continue growing near the 40% rate it enjoyed last year?Okta projects a 10% reduction in growth and this coincides with the anticipated reduction in security budgets for 2021 (70%-plus of executives expect this to happen). If you’re looking for Okta to keep growing at a higher rate, then it might be time to walk away.\nDo you believe in Okta’s long-term viability?As mentioned earlier, the world is only getting more remote and IT security systems are only getting more intricate and necessary. Okta is a key player in this space and its services are generally well-regarded. If it continues to produce high-quality solutions, the company should have a strong foundation for continued growth (albeit at a less impressive rate).\n\nUltimately, when it comes to OKTA stock, I don’t think there’s reason to drop it. Unless, of course, you’re seeking more impressive growth narratives. Moving forward, longer-term investors ought to pay close attention to its continued viability to compete successfully in the cybersecurity space.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4853812,"gmtCreate":1623978383857,"gmtModify":1663229226339,"authorId":3569307869521019,"author":{"id":3569307869521019,"idStr":"3569307869521019","authorId":3569307869521019,"name":"badtzmaru","avatar":"https://static.tigerbbs.com/11634c1af31e8a80f876aa5e1fa35e61","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":168530429,"type":1,"supId":0,"prevId":0,"content":"Thanks","text":"Thanks","html":"Thanks"},{"id":4853748,"gmtCreate":1623978287909,"gmtModify":1663229225445,"authorId":3573721781255613,"author":{"id":3573721781255613,"idStr":"3573721781255613","authorId":3573721781255613,"name":"szueyann","avatar":"https://static.tigerbbs.com/cba9c6b1e785a9cf7301a7e6a2ff2354","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":168530429,"type":1,"supId":0,"prevId":0,"content":"ok","text":"ok","html":"ok"}],"langContent":"EN"},{"id":168594377,"gmtCreate":1623978153999,"gmtModify":1703825211556,"author":{"id":"3581973369158219","authorId":"3581973369158219","name":"RexChuah","avatar":"https://static.tigerbbs.com/a23f878e37c5d6c2d9ea1558710f63f3","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3581973369158219","authorIdStr":"3581973369158219"},"htmlText":"Please like and comment&nbsp;","listText":"Please like and comment&nbsp;","text":"Please like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/168594377","repostId":1197275653,"repostType":4,"repost":{"id":"1197275653","kind":"news","pubTimestamp":1623976968,"share":"https://ttm.financial/m/news/1197275653?lang=&edition=fundamental","pubTime":"2021-06-18 08:42","market":"us","language":"en","title":"Downtrodden Okta Stock Still Has a Chance to Shine Again","url":"https://stock-news.laohu8.com/highlight/detail?id=1197275653","media":"InvestorPlace","summary":"OKTA stock is a well-positioned player in the increasingly hot cybersecurity space\nIn May 2021, mult","content":"OKTA stock is a well-positioned player in the increasingly hot cybersecurity space\nIn May 2021, multiple accounts associated with hacking group DarkSide received $4.4 million worth of ransom in&nbsp;Bitcoin(CCC:BTC-USD) after a cyberattack on the Colonial Pipeline. The impact of this attack led to a significant increase in gas prices. It also left some stations on the East Coast empty for a period. Ultimately, this event thrust&nbsp;cybersecurity stocks&nbsp;like&nbsp;Okta(NASDAQ:OKTA) stock back into the spotlight.\nYou might be quick to add OKTA stock to your list of cybersecurity companies to buy after this attack. After all, it’s a company that specializes in identity security. However, the bullish case doesn’t come without some challenges.\nSo, here’s a closer look at whether Okta is worth buying in 2021.\nOKTA Stock Has Ongoing Advantages\nWhile some investing trends come and go (just take a look at the whacky ridememe stockshave been going on), one thing is guaranteed moving forward. Cybersecurity — and the companies that specialize in the space — will&nbsp;remain&nbsp;invaluable.\nIn our increasingly hyper-connected world, the need for digital security services has no end. When it comes to Okta’s offerings in this space, it provides&nbsp;high-quality security solutions&nbsp;to identity protection.\nBreaking it down a bit further, the company offers a&nbsp;cloud-based security system&nbsp;that’s capable of intertwining with on-site applications. It’s designed to support modern work-based ecosystems that frequently rely on a combination of multiple cloud applications, user devices like laptops and phones, as well as external users’ (customers or business partners) systems and&nbsp;own custom apps.\nThe more “inhabitants” in the ecosystem, the greater the number of security risks it carries (and the more complex it becomes for IT teams to handle). So, rather than require multiple logins for each element and user, Okta links them through a single sign-on using its secure process. Okta also allows you to combine multi-factor authentication functionality with its customizable “Universal Directory.” Essentially, this helps IT teams determine the level of access per user within the entire system.\nThat’s a super fancy way of saying Okta’s services are a strong solution to your modern IT team’s day-to-day problems. According to the company, it enables companies to “[overcome] the economic and technological limitations of any legacy identity management scheme […] [they] are currently using.”\nThis is all highly relevant to the investment thesis behind OKTA stock. After all, its unique security solution is the lifeblood of the company’s future. And that future is bright.\nWith the onset of an increasingly remote workforce upon us, alongside the arrival of a“Cyber Pandemic,”— both of which were byproducts of the social impact of Covid-19 — IT solutions should remain hot commodities long-term. Consider the following:\n<ul>\n <li>“The percentage of workers permanently working from home is&nbsp;expected to doublein 2021.”</li>\n <li>“Worldwide cybercrime costs will hit&nbsp;$6 trillion annually by 2021.”</li>\n <li>“Security services accounted for an estimated 50% of cybersecurity budgets in 2020.”</li>\n <li>Looking at the frequency of ransomware attacks alone, the rate has increased from one every 40 seconds in 2016 to an attack&nbsp;every 11 seconds in 2021.</li>\n</ul>\nClearly, companies are now willing to fork out the dough to stay safe. And the need for this safety is only growing. All of this should keep Okta in business for years to come. It should also help drive OKTA stock over a longer-term time frame.\nBut, as with most investment cases, things aren’t&nbsp;that&nbsp;simple.\nThe Downsides with Okta\nWhile OKTA stock had a strong run in 2020 (a 115% increase), it’s down about 10% so far in 2021. Much of that could be attributed to the pandemic catalyst tapering off. However, slowing revenue growth is another likely cause.\nLast year, Okta experienced massive 40% growth. The company now&nbsp;projects 30% revenue growth&nbsp;for next year. AsThe Motley Fool’s&nbsp;Travis Hoium&nbsp;explains, “with&nbsp;growth stocks, any reduction in the expected growth rate of the company can cause shares to plummet.”\nThe difference between 30% and 40% growth might not seem significant to some. However, several analysts issued price-target downgrades on the news earlier this year. Piper Sandler issued a cut to $235 from their $250 price target (a 6% reduction). Likewise, BMO Capital Markets changed its target from $285 to $265 (a 7% reduction).\nThe reduced growth projections (alongside dwindling post-pandemic hype) is a large reason for Okta’s pain in 2021. But there are also valuation concerns to contend with. At the start of the year, tech stocks suffered a selloff. Much of that’s due to inflated valuations within the space and continuing&nbsp;concerns that we’re in a tech bubble.\nWhether or not you agree with that broader market assessment, many argue that the valuation for OKTA stock is&nbsp;pricey relative to its peers. Plus, this concern gains further traction when you consider the following: “More than 70 percent&nbsp;of security executives believe that their budgets for fiscal year 2021 will shrink.” If these executives are correct, that could intensify the prospective reduction in Okta’s growth.\nIs OKTA Stock an Ugly Buy?\nThat certainly puts a dent in the bullish case for OKTA stock. But I don’t think it should be taken as a sign of complete doom.\nWhen it comes to Okta, there’s nothing exceptionallyuglyabout the company. However, the valuation and growth concerns are legitimate, depending on what you expect from the stock. As such, there are at least two core questions to ask yourself moving forward:\n<ul>\n <li>Do you expect Okta to continue growing near the 40% rate it enjoyed last year?Okta projects a 10% reduction in growth and this coincides with the anticipated reduction in security budgets for 2021 (70%-plus of executives expect this to happen). If you’re looking for Okta to keep growing at a higher rate, then it might be time to walk away.</li>\n <li>Do you believe in Okta’s long-term viability?As mentioned earlier, the world is only getting more remote and IT security systems are only getting more intricate and necessary. Okta is a key player in this space and its services are generally well-regarded. If it continues to produce high-quality solutions, the company should have a strong foundation for continued growth (albeit at a less impressive rate).</li>\n</ul>\nUltimately, when it comes to OKTA stock, I don’t think there’s reason to drop it. Unless, of course, you’re seeking more impressive growth narratives. Moving forward, longer-term investors ought to pay close attention to its continued viability to compete successfully in the cybersecurity space.","source":"lsy1606302653667","collect":0,"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>Downtrodden Okta Stock Still Has a Chance to Shine Again</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\">\nDowntrodden Okta Stock Still Has a Chance to Shine Again\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-18 08:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/06/downtrodden-okta-stock-still-has-chance-to-shine-again/>InvestorPlace</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nOKTA stock is a well-positioned player in the increasingly hot cybersecurity space\nIn May 2021, multiple accounts associated with hacking group DarkSide received $4.4 million worth of ransom in ...\n\n<a href=\"https://investorplace.com/2021/06/downtrodden-okta-stock-still-has-chance-to-shine-again/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"OKTA":"Okta Inc."},"source_url":"https://investorplace.com/2021/06/downtrodden-okta-stock-still-has-chance-to-shine-again/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197275653","content_text":"OKTA stock is a well-positioned player in the increasingly hot cybersecurity space\nIn May 2021, multiple accounts associated with hacking group DarkSide received $4.4 million worth of ransom in Bitcoin(CCC:BTC-USD) after a cyberattack on the Colonial Pipeline. The impact of this attack led to a significant increase in gas prices. It also left some stations on the East Coast empty for a period. Ultimately, this event thrust cybersecurity stocks like Okta(NASDAQ:OKTA) stock back into the spotlight.\nYou might be quick to add OKTA stock to your list of cybersecurity companies to buy after this attack. After all, it’s a company that specializes in identity security. However, the bullish case doesn’t come without some challenges.\nSo, here’s a closer look at whether Okta is worth buying in 2021.\nOKTA Stock Has Ongoing Advantages\nWhile some investing trends come and go (just take a look at the whacky ridememe stockshave been going on), one thing is guaranteed moving forward. Cybersecurity — and the companies that specialize in the space — will remain invaluable.\nIn our increasingly hyper-connected world, the need for digital security services has no end. When it comes to Okta’s offerings in this space, it provides high-quality security solutions to identity protection.\nBreaking it down a bit further, the company offers a cloud-based security system that’s capable of intertwining with on-site applications. It’s designed to support modern work-based ecosystems that frequently rely on a combination of multiple cloud applications, user devices like laptops and phones, as well as external users’ (customers or business partners) systems and own custom apps.\nThe more “inhabitants” in the ecosystem, the greater the number of security risks it carries (and the more complex it becomes for IT teams to handle). So, rather than require multiple logins for each element and user, Okta links them through a single sign-on using its secure process. Okta also allows you to combine multi-factor authentication functionality with its customizable “Universal Directory.” Essentially, this helps IT teams determine the level of access per user within the entire system.\nThat’s a super fancy way of saying Okta’s services are a strong solution to your modern IT team’s day-to-day problems. According to the company, it enables companies to “[overcome] the economic and technological limitations of any legacy identity management scheme […] [they] are currently using.”\nThis is all highly relevant to the investment thesis behind OKTA stock. After all, its unique security solution is the lifeblood of the company’s future. And that future is bright.\nWith the onset of an increasingly remote workforce upon us, alongside the arrival of a“Cyber Pandemic,”— both of which were byproducts of the social impact of Covid-19 — IT solutions should remain hot commodities long-term. Consider the following:\n\n“The percentage of workers permanently working from home is expected to doublein 2021.”\n“Worldwide cybercrime costs will hit $6 trillion annually by 2021.”\n“Security services accounted for an estimated 50% of cybersecurity budgets in 2020.”\nLooking at the frequency of ransomware attacks alone, the rate has increased from one every 40 seconds in 2016 to an attack every 11 seconds in 2021.\n\nClearly, companies are now willing to fork out the dough to stay safe. And the need for this safety is only growing. All of this should keep Okta in business for years to come. It should also help drive OKTA stock over a longer-term time frame.\nBut, as with most investment cases, things aren’t that simple.\nThe Downsides with Okta\nWhile OKTA stock had a strong run in 2020 (a 115% increase), it’s down about 10% so far in 2021. Much of that could be attributed to the pandemic catalyst tapering off. However, slowing revenue growth is another likely cause.\nLast year, Okta experienced massive 40% growth. The company now projects 30% revenue growth for next year. AsThe Motley Fool’s Travis Hoium explains, “with growth stocks, any reduction in the expected growth rate of the company can cause shares to plummet.”\nThe difference between 30% and 40% growth might not seem significant to some. However, several analysts issued price-target downgrades on the news earlier this year. Piper Sandler issued a cut to $235 from their $250 price target (a 6% reduction). Likewise, BMO Capital Markets changed its target from $285 to $265 (a 7% reduction).\nThe reduced growth projections (alongside dwindling post-pandemic hype) is a large reason for Okta’s pain in 2021. But there are also valuation concerns to contend with. At the start of the year, tech stocks suffered a selloff. Much of that’s due to inflated valuations within the space and continuing concerns that we’re in a tech bubble.\nWhether or not you agree with that broader market assessment, many argue that the valuation for OKTA stock is pricey relative to its peers. Plus, this concern gains further traction when you consider the following: “More than 70 percent of security executives believe that their budgets for fiscal year 2021 will shrink.” If these executives are correct, that could intensify the prospective reduction in Okta’s growth.\nIs OKTA Stock an Ugly Buy?\nThat certainly puts a dent in the bullish case for OKTA stock. But I don’t think it should be taken as a sign of complete doom.\nWhen it comes to Okta, there’s nothing exceptionallyuglyabout the company. However, the valuation and growth concerns are legitimate, depending on what you expect from the stock. As such, there are at least two core questions to ask yourself moving forward:\n\nDo you expect Okta to continue growing near the 40% rate it enjoyed last year?Okta projects a 10% reduction in growth and this coincides with the anticipated reduction in security budgets for 2021 (70%-plus of executives expect this to happen). If you’re looking for Okta to keep growing at a higher rate, then it might be time to walk away.\nDo you believe in Okta’s long-term viability?As mentioned earlier, the world is only getting more remote and IT security systems are only getting more intricate and necessary. Okta is a key player in this space and its services are generally well-regarded. If it continues to produce high-quality solutions, the company should have a strong foundation for continued growth (albeit at a less impressive rate).\n\nUltimately, when it comes to OKTA stock, I don’t think there’s reason to drop it. Unless, of course, you’re seeking more impressive growth narratives. Moving forward, longer-term investors ought to pay close attention to its continued viability to compete successfully in the cybersecurity space.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4853751,"gmtCreate":1623978294847,"gmtModify":1663229224335,"authorId":3573721781255613,"author":{"id":3573721781255613,"idStr":"3573721781255613","authorId":3573721781255613,"name":"szueyann","avatar":"https://static.tigerbbs.com/cba9c6b1e785a9cf7301a7e6a2ff2354","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":168594377,"type":1,"supId":0,"prevId":0,"content":"ok","text":"ok","html":"ok"}],"langContent":"EN"},{"id":168598725,"gmtCreate":1623978076567,"gmtModify":1703825205633,"author":{"id":"3579641974902127","authorId":"3579641974902127","name":"ivy888","avatar":"https://static.tigerbbs.com/10358949b7fc96b011ec29ca7fd9c9a4","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3579641974902127","authorIdStr":"3579641974902127"},"htmlText":"Please comment&nbsp;","listText":"Please comment&nbsp;","text":"Please comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/168598725","repostId":1197275653,"repostType":4,"repost":{"id":"1197275653","kind":"news","pubTimestamp":1623976968,"share":"https://ttm.financial/m/news/1197275653?lang=&edition=fundamental","pubTime":"2021-06-18 08:42","market":"us","language":"en","title":"Downtrodden Okta Stock Still Has a Chance to Shine Again","url":"https://stock-news.laohu8.com/highlight/detail?id=1197275653","media":"InvestorPlace","summary":"OKTA stock is a well-positioned player in the increasingly hot cybersecurity space\nIn May 2021, mult","content":"OKTA stock is a well-positioned player in the increasingly hot cybersecurity space\nIn May 2021, multiple accounts associated with hacking group DarkSide received $4.4 million worth of ransom in&nbsp;Bitcoin(CCC:BTC-USD) after a cyberattack on the Colonial Pipeline. The impact of this attack led to a significant increase in gas prices. It also left some stations on the East Coast empty for a period. Ultimately, this event thrust&nbsp;cybersecurity stocks&nbsp;like&nbsp;Okta(NASDAQ:OKTA) stock back into the spotlight.\nYou might be quick to add OKTA stock to your list of cybersecurity companies to buy after this attack. After all, it’s a company that specializes in identity security. However, the bullish case doesn’t come without some challenges.\nSo, here’s a closer look at whether Okta is worth buying in 2021.\nOKTA Stock Has Ongoing Advantages\nWhile some investing trends come and go (just take a look at the whacky ridememe stockshave been going on), one thing is guaranteed moving forward. Cybersecurity — and the companies that specialize in the space — will&nbsp;remain&nbsp;invaluable.\nIn our increasingly hyper-connected world, the need for digital security services has no end. When it comes to Okta’s offerings in this space, it provides&nbsp;high-quality security solutions&nbsp;to identity protection.\nBreaking it down a bit further, the company offers a&nbsp;cloud-based security system&nbsp;that’s capable of intertwining with on-site applications. It’s designed to support modern work-based ecosystems that frequently rely on a combination of multiple cloud applications, user devices like laptops and phones, as well as external users’ (customers or business partners) systems and&nbsp;own custom apps.\nThe more “inhabitants” in the ecosystem, the greater the number of security risks it carries (and the more complex it becomes for IT teams to handle). So, rather than require multiple logins for each element and user, Okta links them through a single sign-on using its secure process. Okta also allows you to combine multi-factor authentication functionality with its customizable “Universal Directory.” Essentially, this helps IT teams determine the level of access per user within the entire system.\nThat’s a super fancy way of saying Okta’s services are a strong solution to your modern IT team’s day-to-day problems. According to the company, it enables companies to “[overcome] the economic and technological limitations of any legacy identity management scheme […] [they] are currently using.”\nThis is all highly relevant to the investment thesis behind OKTA stock. After all, its unique security solution is the lifeblood of the company’s future. And that future is bright.\nWith the onset of an increasingly remote workforce upon us, alongside the arrival of a“Cyber Pandemic,”— both of which were byproducts of the social impact of Covid-19 — IT solutions should remain hot commodities long-term. Consider the following:\n<ul>\n <li>“The percentage of workers permanently working from home is&nbsp;expected to doublein 2021.”</li>\n <li>“Worldwide cybercrime costs will hit&nbsp;$6 trillion annually by 2021.”</li>\n <li>“Security services accounted for an estimated 50% of cybersecurity budgets in 2020.”</li>\n <li>Looking at the frequency of ransomware attacks alone, the rate has increased from one every 40 seconds in 2016 to an attack&nbsp;every 11 seconds in 2021.</li>\n</ul>\nClearly, companies are now willing to fork out the dough to stay safe. And the need for this safety is only growing. All of this should keep Okta in business for years to come. It should also help drive OKTA stock over a longer-term time frame.\nBut, as with most investment cases, things aren’t&nbsp;that&nbsp;simple.\nThe Downsides with Okta\nWhile OKTA stock had a strong run in 2020 (a 115% increase), it’s down about 10% so far in 2021. Much of that could be attributed to the pandemic catalyst tapering off. However, slowing revenue growth is another likely cause.\nLast year, Okta experienced massive 40% growth. The company now&nbsp;projects 30% revenue growth&nbsp;for next year. AsThe Motley Fool’s&nbsp;Travis Hoium&nbsp;explains, “with&nbsp;growth stocks, any reduction in the expected growth rate of the company can cause shares to plummet.”\nThe difference between 30% and 40% growth might not seem significant to some. However, several analysts issued price-target downgrades on the news earlier this year. Piper Sandler issued a cut to $235 from their $250 price target (a 6% reduction). Likewise, BMO Capital Markets changed its target from $285 to $265 (a 7% reduction).\nThe reduced growth projections (alongside dwindling post-pandemic hype) is a large reason for Okta’s pain in 2021. But there are also valuation concerns to contend with. At the start of the year, tech stocks suffered a selloff. Much of that’s due to inflated valuations within the space and continuing&nbsp;concerns that we’re in a tech bubble.\nWhether or not you agree with that broader market assessment, many argue that the valuation for OKTA stock is&nbsp;pricey relative to its peers. Plus, this concern gains further traction when you consider the following: “More than 70 percent&nbsp;of security executives believe that their budgets for fiscal year 2021 will shrink.” If these executives are correct, that could intensify the prospective reduction in Okta’s growth.\nIs OKTA Stock an Ugly Buy?\nThat certainly puts a dent in the bullish case for OKTA stock. But I don’t think it should be taken as a sign of complete doom.\nWhen it comes to Okta, there’s nothing exceptionallyuglyabout the company. However, the valuation and growth concerns are legitimate, depending on what you expect from the stock. As such, there are at least two core questions to ask yourself moving forward:\n<ul>\n <li>Do you expect Okta to continue growing near the 40% rate it enjoyed last year?Okta projects a 10% reduction in growth and this coincides with the anticipated reduction in security budgets for 2021 (70%-plus of executives expect this to happen). If you’re looking for Okta to keep growing at a higher rate, then it might be time to walk away.</li>\n <li>Do you believe in Okta’s long-term viability?As mentioned earlier, the world is only getting more remote and IT security systems are only getting more intricate and necessary. Okta is a key player in this space and its services are generally well-regarded. If it continues to produce high-quality solutions, the company should have a strong foundation for continued growth (albeit at a less impressive rate).</li>\n</ul>\nUltimately, when it comes to OKTA stock, I don’t think there’s reason to drop it. Unless, of course, you’re seeking more impressive growth narratives. Moving forward, longer-term investors ought to pay close attention to its continued viability to compete successfully in the cybersecurity space.","source":"lsy1606302653667","collect":0,"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>Downtrodden Okta Stock Still Has a Chance to Shine Again</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\">\nDowntrodden Okta Stock Still Has a Chance to Shine Again\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-18 08:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/06/downtrodden-okta-stock-still-has-chance-to-shine-again/>InvestorPlace</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nOKTA stock is a well-positioned player in the increasingly hot cybersecurity space\nIn May 2021, multiple accounts associated with hacking group DarkSide received $4.4 million worth of ransom in ...\n\n<a href=\"https://investorplace.com/2021/06/downtrodden-okta-stock-still-has-chance-to-shine-again/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"OKTA":"Okta Inc."},"source_url":"https://investorplace.com/2021/06/downtrodden-okta-stock-still-has-chance-to-shine-again/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197275653","content_text":"OKTA stock is a well-positioned player in the increasingly hot cybersecurity space\nIn May 2021, multiple accounts associated with hacking group DarkSide received $4.4 million worth of ransom in Bitcoin(CCC:BTC-USD) after a cyberattack on the Colonial Pipeline. The impact of this attack led to a significant increase in gas prices. It also left some stations on the East Coast empty for a period. Ultimately, this event thrust cybersecurity stocks like Okta(NASDAQ:OKTA) stock back into the spotlight.\nYou might be quick to add OKTA stock to your list of cybersecurity companies to buy after this attack. After all, it’s a company that specializes in identity security. However, the bullish case doesn’t come without some challenges.\nSo, here’s a closer look at whether Okta is worth buying in 2021.\nOKTA Stock Has Ongoing Advantages\nWhile some investing trends come and go (just take a look at the whacky ridememe stockshave been going on), one thing is guaranteed moving forward. Cybersecurity — and the companies that specialize in the space — will remain invaluable.\nIn our increasingly hyper-connected world, the need for digital security services has no end. When it comes to Okta’s offerings in this space, it provides high-quality security solutions to identity protection.\nBreaking it down a bit further, the company offers a cloud-based security system that’s capable of intertwining with on-site applications. It’s designed to support modern work-based ecosystems that frequently rely on a combination of multiple cloud applications, user devices like laptops and phones, as well as external users’ (customers or business partners) systems and own custom apps.\nThe more “inhabitants” in the ecosystem, the greater the number of security risks it carries (and the more complex it becomes for IT teams to handle). So, rather than require multiple logins for each element and user, Okta links them through a single sign-on using its secure process. Okta also allows you to combine multi-factor authentication functionality with its customizable “Universal Directory.” Essentially, this helps IT teams determine the level of access per user within the entire system.\nThat’s a super fancy way of saying Okta’s services are a strong solution to your modern IT team’s day-to-day problems. According to the company, it enables companies to “[overcome] the economic and technological limitations of any legacy identity management scheme […] [they] are currently using.”\nThis is all highly relevant to the investment thesis behind OKTA stock. After all, its unique security solution is the lifeblood of the company’s future. And that future is bright.\nWith the onset of an increasingly remote workforce upon us, alongside the arrival of a“Cyber Pandemic,”— both of which were byproducts of the social impact of Covid-19 — IT solutions should remain hot commodities long-term. Consider the following:\n\n“The percentage of workers permanently working from home is expected to doublein 2021.”\n“Worldwide cybercrime costs will hit $6 trillion annually by 2021.”\n“Security services accounted for an estimated 50% of cybersecurity budgets in 2020.”\nLooking at the frequency of ransomware attacks alone, the rate has increased from one every 40 seconds in 2016 to an attack every 11 seconds in 2021.\n\nClearly, companies are now willing to fork out the dough to stay safe. And the need for this safety is only growing. All of this should keep Okta in business for years to come. It should also help drive OKTA stock over a longer-term time frame.\nBut, as with most investment cases, things aren’t that simple.\nThe Downsides with Okta\nWhile OKTA stock had a strong run in 2020 (a 115% increase), it’s down about 10% so far in 2021. Much of that could be attributed to the pandemic catalyst tapering off. However, slowing revenue growth is another likely cause.\nLast year, Okta experienced massive 40% growth. The company now projects 30% revenue growth for next year. AsThe Motley Fool’s Travis Hoium explains, “with growth stocks, any reduction in the expected growth rate of the company can cause shares to plummet.”\nThe difference between 30% and 40% growth might not seem significant to some. However, several analysts issued price-target downgrades on the news earlier this year. Piper Sandler issued a cut to $235 from their $250 price target (a 6% reduction). Likewise, BMO Capital Markets changed its target from $285 to $265 (a 7% reduction).\nThe reduced growth projections (alongside dwindling post-pandemic hype) is a large reason for Okta’s pain in 2021. But there are also valuation concerns to contend with. At the start of the year, tech stocks suffered a selloff. Much of that’s due to inflated valuations within the space and continuing concerns that we’re in a tech bubble.\nWhether or not you agree with that broader market assessment, many argue that the valuation for OKTA stock is pricey relative to its peers. Plus, this concern gains further traction when you consider the following: “More than 70 percent of security executives believe that their budgets for fiscal year 2021 will shrink.” If these executives are correct, that could intensify the prospective reduction in Okta’s growth.\nIs OKTA Stock an Ugly Buy?\nThat certainly puts a dent in the bullish case for OKTA stock. But I don’t think it should be taken as a sign of complete doom.\nWhen it comes to Okta, there’s nothing exceptionallyuglyabout the company. However, the valuation and growth concerns are legitimate, depending on what you expect from the stock. As such, there are at least two core questions to ask yourself moving forward:\n\nDo you expect Okta to continue growing near the 40% rate it enjoyed last year?Okta projects a 10% reduction in growth and this coincides with the anticipated reduction in security budgets for 2021 (70%-plus of executives expect this to happen). If you’re looking for Okta to keep growing at a higher rate, then it might be time to walk away.\nDo you believe in Okta’s long-term viability?As mentioned earlier, the world is only getting more remote and IT security systems are only getting more intricate and necessary. Okta is a key player in this space and its services are generally well-regarded. If it continues to produce high-quality solutions, the company should have a strong foundation for continued growth (albeit at a less impressive rate).\n\nUltimately, when it comes to OKTA stock, I don’t think there’s reason to drop it. Unless, of course, you’re seeking more impressive growth narratives. Moving forward, longer-term investors ought to pay close attention to its continued viability to compete successfully in the cybersecurity space.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4853679,"gmtCreate":1623978162410,"gmtModify":1663229225137,"authorId":3574859157747023,"author":{"id":3574859157747023,"idStr":"3574859157747023","authorId":3574859157747023,"name":"kentt0414","avatar":"https://static.tigerbbs.com/5cb38e16dbe595762bcd9e1118264f54","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":168598725,"type":1,"supId":0,"prevId":0,"content":"Comment back pls","text":"Comment back pls","html":"Comment back pls"}],"langContent":"EN"},{"id":168507594,"gmtCreate":1623977963818,"gmtModify":1703825200421,"author":{"id":"3565613490304898","authorId":"3565613490304898","name":"fearedhouse","avatar":"https://static.tigerbbs.com/c690bf7f98fdaf770c602f0b381fb343","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3565613490304898","authorIdStr":"3565613490304898"},"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/168507594","repostId":1197275653,"repostType":4,"repost":{"id":"1197275653","kind":"news","pubTimestamp":1623976968,"share":"https://ttm.financial/m/news/1197275653?lang=&edition=fundamental","pubTime":"2021-06-18 08:42","market":"us","language":"en","title":"Downtrodden Okta Stock Still Has a Chance to Shine Again","url":"https://stock-news.laohu8.com/highlight/detail?id=1197275653","media":"InvestorPlace","summary":"OKTA stock is a well-positioned player in the increasingly hot cybersecurity space\nIn May 2021, mult","content":"OKTA stock is a well-positioned player in the increasingly hot cybersecurity space\nIn May 2021, multiple accounts associated with hacking group DarkSide received $4.4 million worth of ransom in&nbsp;Bitcoin(CCC:BTC-USD) after a cyberattack on the Colonial Pipeline. The impact of this attack led to a significant increase in gas prices. It also left some stations on the East Coast empty for a period. Ultimately, this event thrust&nbsp;cybersecurity stocks&nbsp;like&nbsp;Okta(NASDAQ:OKTA) stock back into the spotlight.\nYou might be quick to add OKTA stock to your list of cybersecurity companies to buy after this attack. After all, it’s a company that specializes in identity security. However, the bullish case doesn’t come without some challenges.\nSo, here’s a closer look at whether Okta is worth buying in 2021.\nOKTA Stock Has Ongoing Advantages\nWhile some investing trends come and go (just take a look at the whacky ridememe stockshave been going on), one thing is guaranteed moving forward. Cybersecurity — and the companies that specialize in the space — will&nbsp;remain&nbsp;invaluable.\nIn our increasingly hyper-connected world, the need for digital security services has no end. When it comes to Okta’s offerings in this space, it provides&nbsp;high-quality security solutions&nbsp;to identity protection.\nBreaking it down a bit further, the company offers a&nbsp;cloud-based security system&nbsp;that’s capable of intertwining with on-site applications. It’s designed to support modern work-based ecosystems that frequently rely on a combination of multiple cloud applications, user devices like laptops and phones, as well as external users’ (customers or business partners) systems and&nbsp;own custom apps.\nThe more “inhabitants” in the ecosystem, the greater the number of security risks it carries (and the more complex it becomes for IT teams to handle). So, rather than require multiple logins for each element and user, Okta links them through a single sign-on using its secure process. Okta also allows you to combine multi-factor authentication functionality with its customizable “Universal Directory.” Essentially, this helps IT teams determine the level of access per user within the entire system.\nThat’s a super fancy way of saying Okta’s services are a strong solution to your modern IT team’s day-to-day problems. According to the company, it enables companies to “[overcome] the economic and technological limitations of any legacy identity management scheme […] [they] are currently using.”\nThis is all highly relevant to the investment thesis behind OKTA stock. After all, its unique security solution is the lifeblood of the company’s future. And that future is bright.\nWith the onset of an increasingly remote workforce upon us, alongside the arrival of a“Cyber Pandemic,”— both of which were byproducts of the social impact of Covid-19 — IT solutions should remain hot commodities long-term. Consider the following:\n<ul>\n <li>“The percentage of workers permanently working from home is&nbsp;expected to doublein 2021.”</li>\n <li>“Worldwide cybercrime costs will hit&nbsp;$6 trillion annually by 2021.”</li>\n <li>“Security services accounted for an estimated 50% of cybersecurity budgets in 2020.”</li>\n <li>Looking at the frequency of ransomware attacks alone, the rate has increased from one every 40 seconds in 2016 to an attack&nbsp;every 11 seconds in 2021.</li>\n</ul>\nClearly, companies are now willing to fork out the dough to stay safe. And the need for this safety is only growing. All of this should keep Okta in business for years to come. It should also help drive OKTA stock over a longer-term time frame.\nBut, as with most investment cases, things aren’t&nbsp;that&nbsp;simple.\nThe Downsides with Okta\nWhile OKTA stock had a strong run in 2020 (a 115% increase), it’s down about 10% so far in 2021. Much of that could be attributed to the pandemic catalyst tapering off. However, slowing revenue growth is another likely cause.\nLast year, Okta experienced massive 40% growth. The company now&nbsp;projects 30% revenue growth&nbsp;for next year. AsThe Motley Fool’s&nbsp;Travis Hoium&nbsp;explains, “with&nbsp;growth stocks, any reduction in the expected growth rate of the company can cause shares to plummet.”\nThe difference between 30% and 40% growth might not seem significant to some. However, several analysts issued price-target downgrades on the news earlier this year. Piper Sandler issued a cut to $235 from their $250 price target (a 6% reduction). Likewise, BMO Capital Markets changed its target from $285 to $265 (a 7% reduction).\nThe reduced growth projections (alongside dwindling post-pandemic hype) is a large reason for Okta’s pain in 2021. But there are also valuation concerns to contend with. At the start of the year, tech stocks suffered a selloff. Much of that’s due to inflated valuations within the space and continuing&nbsp;concerns that we’re in a tech bubble.\nWhether or not you agree with that broader market assessment, many argue that the valuation for OKTA stock is&nbsp;pricey relative to its peers. Plus, this concern gains further traction when you consider the following: “More than 70 percent&nbsp;of security executives believe that their budgets for fiscal year 2021 will shrink.” If these executives are correct, that could intensify the prospective reduction in Okta’s growth.\nIs OKTA Stock an Ugly Buy?\nThat certainly puts a dent in the bullish case for OKTA stock. But I don’t think it should be taken as a sign of complete doom.\nWhen it comes to Okta, there’s nothing exceptionallyuglyabout the company. However, the valuation and growth concerns are legitimate, depending on what you expect from the stock. As such, there are at least two core questions to ask yourself moving forward:\n<ul>\n <li>Do you expect Okta to continue growing near the 40% rate it enjoyed last year?Okta projects a 10% reduction in growth and this coincides with the anticipated reduction in security budgets for 2021 (70%-plus of executives expect this to happen). If you’re looking for Okta to keep growing at a higher rate, then it might be time to walk away.</li>\n <li>Do you believe in Okta’s long-term viability?As mentioned earlier, the world is only getting more remote and IT security systems are only getting more intricate and necessary. Okta is a key player in this space and its services are generally well-regarded. If it continues to produce high-quality solutions, the company should have a strong foundation for continued growth (albeit at a less impressive rate).</li>\n</ul>\nUltimately, when it comes to OKTA stock, I don’t think there’s reason to drop it. Unless, of course, you’re seeking more impressive growth narratives. Moving forward, longer-term investors ought to pay close attention to its continued viability to compete successfully in the cybersecurity space.","source":"lsy1606302653667","collect":0,"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>Downtrodden Okta Stock Still Has a Chance to Shine Again</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\">\nDowntrodden Okta Stock Still Has a Chance to Shine Again\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-18 08:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/06/downtrodden-okta-stock-still-has-chance-to-shine-again/>InvestorPlace</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nOKTA stock is a well-positioned player in the increasingly hot cybersecurity space\nIn May 2021, multiple accounts associated with hacking group DarkSide received $4.4 million worth of ransom in ...\n\n<a href=\"https://investorplace.com/2021/06/downtrodden-okta-stock-still-has-chance-to-shine-again/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"OKTA":"Okta Inc."},"source_url":"https://investorplace.com/2021/06/downtrodden-okta-stock-still-has-chance-to-shine-again/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197275653","content_text":"OKTA stock is a well-positioned player in the increasingly hot cybersecurity space\nIn May 2021, multiple accounts associated with hacking group DarkSide received $4.4 million worth of ransom in Bitcoin(CCC:BTC-USD) after a cyberattack on the Colonial Pipeline. The impact of this attack led to a significant increase in gas prices. It also left some stations on the East Coast empty for a period. Ultimately, this event thrust cybersecurity stocks like Okta(NASDAQ:OKTA) stock back into the spotlight.\nYou might be quick to add OKTA stock to your list of cybersecurity companies to buy after this attack. After all, it’s a company that specializes in identity security. However, the bullish case doesn’t come without some challenges.\nSo, here’s a closer look at whether Okta is worth buying in 2021.\nOKTA Stock Has Ongoing Advantages\nWhile some investing trends come and go (just take a look at the whacky ridememe stockshave been going on), one thing is guaranteed moving forward. Cybersecurity — and the companies that specialize in the space — will remain invaluable.\nIn our increasingly hyper-connected world, the need for digital security services has no end. When it comes to Okta’s offerings in this space, it provides high-quality security solutions to identity protection.\nBreaking it down a bit further, the company offers a cloud-based security system that’s capable of intertwining with on-site applications. It’s designed to support modern work-based ecosystems that frequently rely on a combination of multiple cloud applications, user devices like laptops and phones, as well as external users’ (customers or business partners) systems and own custom apps.\nThe more “inhabitants” in the ecosystem, the greater the number of security risks it carries (and the more complex it becomes for IT teams to handle). So, rather than require multiple logins for each element and user, Okta links them through a single sign-on using its secure process. Okta also allows you to combine multi-factor authentication functionality with its customizable “Universal Directory.” Essentially, this helps IT teams determine the level of access per user within the entire system.\nThat’s a super fancy way of saying Okta’s services are a strong solution to your modern IT team’s day-to-day problems. According to the company, it enables companies to “[overcome] the economic and technological limitations of any legacy identity management scheme […] [they] are currently using.”\nThis is all highly relevant to the investment thesis behind OKTA stock. After all, its unique security solution is the lifeblood of the company’s future. And that future is bright.\nWith the onset of an increasingly remote workforce upon us, alongside the arrival of a“Cyber Pandemic,”— both of which were byproducts of the social impact of Covid-19 — IT solutions should remain hot commodities long-term. Consider the following:\n\n“The percentage of workers permanently working from home is expected to doublein 2021.”\n“Worldwide cybercrime costs will hit $6 trillion annually by 2021.”\n“Security services accounted for an estimated 50% of cybersecurity budgets in 2020.”\nLooking at the frequency of ransomware attacks alone, the rate has increased from one every 40 seconds in 2016 to an attack every 11 seconds in 2021.\n\nClearly, companies are now willing to fork out the dough to stay safe. And the need for this safety is only growing. All of this should keep Okta in business for years to come. It should also help drive OKTA stock over a longer-term time frame.\nBut, as with most investment cases, things aren’t that simple.\nThe Downsides with Okta\nWhile OKTA stock had a strong run in 2020 (a 115% increase), it’s down about 10% so far in 2021. Much of that could be attributed to the pandemic catalyst tapering off. However, slowing revenue growth is another likely cause.\nLast year, Okta experienced massive 40% growth. The company now projects 30% revenue growth for next year. AsThe Motley Fool’s Travis Hoium explains, “with growth stocks, any reduction in the expected growth rate of the company can cause shares to plummet.”\nThe difference between 30% and 40% growth might not seem significant to some. However, several analysts issued price-target downgrades on the news earlier this year. Piper Sandler issued a cut to $235 from their $250 price target (a 6% reduction). Likewise, BMO Capital Markets changed its target from $285 to $265 (a 7% reduction).\nThe reduced growth projections (alongside dwindling post-pandemic hype) is a large reason for Okta’s pain in 2021. But there are also valuation concerns to contend with. At the start of the year, tech stocks suffered a selloff. Much of that’s due to inflated valuations within the space and continuing concerns that we’re in a tech bubble.\nWhether or not you agree with that broader market assessment, many argue that the valuation for OKTA stock is pricey relative to its peers. Plus, this concern gains further traction when you consider the following: “More than 70 percent of security executives believe that their budgets for fiscal year 2021 will shrink.” If these executives are correct, that could intensify the prospective reduction in Okta’s growth.\nIs OKTA Stock an Ugly Buy?\nThat certainly puts a dent in the bullish case for OKTA stock. But I don’t think it should be taken as a sign of complete doom.\nWhen it comes to Okta, there’s nothing exceptionallyuglyabout the company. However, the valuation and growth concerns are legitimate, depending on what you expect from the stock. As such, there are at least two core questions to ask yourself moving forward:\n\nDo you expect Okta to continue growing near the 40% rate it enjoyed last year?Okta projects a 10% reduction in growth and this coincides with the anticipated reduction in security budgets for 2021 (70%-plus of executives expect this to happen). If you’re looking for Okta to keep growing at a higher rate, then it might be time to walk away.\nDo you believe in Okta’s long-term viability?As mentioned earlier, the world is only getting more remote and IT security systems are only getting more intricate and necessary. Okta is a key player in this space and its services are generally well-regarded. If it continues to produce high-quality solutions, the company should have a strong foundation for continued growth (albeit at a less impressive rate).\n\nUltimately, when it comes to OKTA stock, I don’t think there’s reason to drop it. Unless, of course, you’re seeking more impressive growth narratives. Moving forward, longer-term investors ought to pay close attention to its continued viability to compete successfully in the cybersecurity space.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4853630,"gmtCreate":1623978093731,"gmtModify":1663229226454,"authorId":3579641974902127,"author":{"id":3579641974902127,"idStr":"3579641974902127","authorId":3579641974902127,"name":"ivy888","avatar":"https://static.tigerbbs.com/10358949b7fc96b011ec29ca7fd9c9a4","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":168507594,"type":1,"supId":0,"prevId":0,"content":"done","text":"done","html":"done"},{"id":4853754,"gmtCreate":1623978300780,"gmtModify":1663229225539,"authorId":3573721781255613,"author":{"id":3573721781255613,"idStr":"3573721781255613","authorId":3573721781255613,"name":"szueyann","avatar":"https://static.tigerbbs.com/cba9c6b1e785a9cf7301a7e6a2ff2354","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":168507594,"type":1,"supId":0,"prevId":0,"content":"done","text":"done","html":"done"}],"langContent":"EN"},{"id":168501059,"gmtCreate":1623977788571,"gmtModify":1703825189109,"author":{"id":"3570069153864313","authorId":"3570069153864313","name":"Racheltestin","avatar":"https://static.tigerbbs.com/83746feea9af3c17ae42ff00d7ca9254","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3570069153864313","authorIdStr":"3570069153864313"},"htmlText":"Like and comment pls thank you :)&nbsp;","listText":"Like and comment pls thank you :)&nbsp;","text":"Like and comment pls thank you :)","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":7,"repostSize":0,"link":"https://ttm.financial/post/168501059","repostId":1197275653,"repostType":4,"repost":{"id":"1197275653","kind":"news","pubTimestamp":1623976968,"share":"https://ttm.financial/m/news/1197275653?lang=&edition=fundamental","pubTime":"2021-06-18 08:42","market":"us","language":"en","title":"Downtrodden Okta Stock Still Has a Chance to Shine Again","url":"https://stock-news.laohu8.com/highlight/detail?id=1197275653","media":"InvestorPlace","summary":"OKTA stock is a well-positioned player in the increasingly hot cybersecurity space\nIn May 2021, mult","content":"OKTA stock is a well-positioned player in the increasingly hot cybersecurity space\nIn May 2021, multiple accounts associated with hacking group DarkSide received $4.4 million worth of ransom in&nbsp;Bitcoin(CCC:BTC-USD) after a cyberattack on the Colonial Pipeline. The impact of this attack led to a significant increase in gas prices. It also left some stations on the East Coast empty for a period. Ultimately, this event thrust&nbsp;cybersecurity stocks&nbsp;like&nbsp;Okta(NASDAQ:OKTA) stock back into the spotlight.\nYou might be quick to add OKTA stock to your list of cybersecurity companies to buy after this attack. After all, it’s a company that specializes in identity security. However, the bullish case doesn’t come without some challenges.\nSo, here’s a closer look at whether Okta is worth buying in 2021.\nOKTA Stock Has Ongoing Advantages\nWhile some investing trends come and go (just take a look at the whacky ridememe stockshave been going on), one thing is guaranteed moving forward. Cybersecurity — and the companies that specialize in the space — will&nbsp;remain&nbsp;invaluable.\nIn our increasingly hyper-connected world, the need for digital security services has no end. When it comes to Okta’s offerings in this space, it provides&nbsp;high-quality security solutions&nbsp;to identity protection.\nBreaking it down a bit further, the company offers a&nbsp;cloud-based security system&nbsp;that’s capable of intertwining with on-site applications. It’s designed to support modern work-based ecosystems that frequently rely on a combination of multiple cloud applications, user devices like laptops and phones, as well as external users’ (customers or business partners) systems and&nbsp;own custom apps.\nThe more “inhabitants” in the ecosystem, the greater the number of security risks it carries (and the more complex it becomes for IT teams to handle). So, rather than require multiple logins for each element and user, Okta links them through a single sign-on using its secure process. Okta also allows you to combine multi-factor authentication functionality with its customizable “Universal Directory.” Essentially, this helps IT teams determine the level of access per user within the entire system.\nThat’s a super fancy way of saying Okta’s services are a strong solution to your modern IT team’s day-to-day problems. According to the company, it enables companies to “[overcome] the economic and technological limitations of any legacy identity management scheme […] [they] are currently using.”\nThis is all highly relevant to the investment thesis behind OKTA stock. After all, its unique security solution is the lifeblood of the company’s future. And that future is bright.\nWith the onset of an increasingly remote workforce upon us, alongside the arrival of a“Cyber Pandemic,”— both of which were byproducts of the social impact of Covid-19 — IT solutions should remain hot commodities long-term. Consider the following:\n<ul>\n <li>“The percentage of workers permanently working from home is&nbsp;expected to doublein 2021.”</li>\n <li>“Worldwide cybercrime costs will hit&nbsp;$6 trillion annually by 2021.”</li>\n <li>“Security services accounted for an estimated 50% of cybersecurity budgets in 2020.”</li>\n <li>Looking at the frequency of ransomware attacks alone, the rate has increased from one every 40 seconds in 2016 to an attack&nbsp;every 11 seconds in 2021.</li>\n</ul>\nClearly, companies are now willing to fork out the dough to stay safe. And the need for this safety is only growing. All of this should keep Okta in business for years to come. It should also help drive OKTA stock over a longer-term time frame.\nBut, as with most investment cases, things aren’t&nbsp;that&nbsp;simple.\nThe Downsides with Okta\nWhile OKTA stock had a strong run in 2020 (a 115% increase), it’s down about 10% so far in 2021. Much of that could be attributed to the pandemic catalyst tapering off. However, slowing revenue growth is another likely cause.\nLast year, Okta experienced massive 40% growth. The company now&nbsp;projects 30% revenue growth&nbsp;for next year. AsThe Motley Fool’s&nbsp;Travis Hoium&nbsp;explains, “with&nbsp;growth stocks, any reduction in the expected growth rate of the company can cause shares to plummet.”\nThe difference between 30% and 40% growth might not seem significant to some. However, several analysts issued price-target downgrades on the news earlier this year. Piper Sandler issued a cut to $235 from their $250 price target (a 6% reduction). Likewise, BMO Capital Markets changed its target from $285 to $265 (a 7% reduction).\nThe reduced growth projections (alongside dwindling post-pandemic hype) is a large reason for Okta’s pain in 2021. But there are also valuation concerns to contend with. At the start of the year, tech stocks suffered a selloff. Much of that’s due to inflated valuations within the space and continuing&nbsp;concerns that we’re in a tech bubble.\nWhether or not you agree with that broader market assessment, many argue that the valuation for OKTA stock is&nbsp;pricey relative to its peers. Plus, this concern gains further traction when you consider the following: “More than 70 percent&nbsp;of security executives believe that their budgets for fiscal year 2021 will shrink.” If these executives are correct, that could intensify the prospective reduction in Okta’s growth.\nIs OKTA Stock an Ugly Buy?\nThat certainly puts a dent in the bullish case for OKTA stock. But I don’t think it should be taken as a sign of complete doom.\nWhen it comes to Okta, there’s nothing exceptionallyuglyabout the company. However, the valuation and growth concerns are legitimate, depending on what you expect from the stock. As such, there are at least two core questions to ask yourself moving forward:\n<ul>\n <li>Do you expect Okta to continue growing near the 40% rate it enjoyed last year?Okta projects a 10% reduction in growth and this coincides with the anticipated reduction in security budgets for 2021 (70%-plus of executives expect this to happen). If you’re looking for Okta to keep growing at a higher rate, then it might be time to walk away.</li>\n <li>Do you believe in Okta’s long-term viability?As mentioned earlier, the world is only getting more remote and IT security systems are only getting more intricate and necessary. Okta is a key player in this space and its services are generally well-regarded. If it continues to produce high-quality solutions, the company should have a strong foundation for continued growth (albeit at a less impressive rate).</li>\n</ul>\nUltimately, when it comes to OKTA stock, I don’t think there’s reason to drop it. Unless, of course, you’re seeking more impressive growth narratives. Moving forward, longer-term investors ought to pay close attention to its continued viability to compete successfully in the cybersecurity space.","source":"lsy1606302653667","collect":0,"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>Downtrodden Okta Stock Still Has a Chance to Shine Again</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\">\nDowntrodden Okta Stock Still Has a Chance to Shine Again\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-18 08:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/06/downtrodden-okta-stock-still-has-chance-to-shine-again/>InvestorPlace</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nOKTA stock is a well-positioned player in the increasingly hot cybersecurity space\nIn May 2021, multiple accounts associated with hacking group DarkSide received $4.4 million worth of ransom in ...\n\n<a href=\"https://investorplace.com/2021/06/downtrodden-okta-stock-still-has-chance-to-shine-again/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"OKTA":"Okta Inc."},"source_url":"https://investorplace.com/2021/06/downtrodden-okta-stock-still-has-chance-to-shine-again/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197275653","content_text":"OKTA stock is a well-positioned player in the increasingly hot cybersecurity space\nIn May 2021, multiple accounts associated with hacking group DarkSide received $4.4 million worth of ransom in Bitcoin(CCC:BTC-USD) after a cyberattack on the Colonial Pipeline. The impact of this attack led to a significant increase in gas prices. It also left some stations on the East Coast empty for a period. Ultimately, this event thrust cybersecurity stocks like Okta(NASDAQ:OKTA) stock back into the spotlight.\nYou might be quick to add OKTA stock to your list of cybersecurity companies to buy after this attack. After all, it’s a company that specializes in identity security. However, the bullish case doesn’t come without some challenges.\nSo, here’s a closer look at whether Okta is worth buying in 2021.\nOKTA Stock Has Ongoing Advantages\nWhile some investing trends come and go (just take a look at the whacky ridememe stockshave been going on), one thing is guaranteed moving forward. Cybersecurity — and the companies that specialize in the space — will remain invaluable.\nIn our increasingly hyper-connected world, the need for digital security services has no end. When it comes to Okta’s offerings in this space, it provides high-quality security solutions to identity protection.\nBreaking it down a bit further, the company offers a cloud-based security system that’s capable of intertwining with on-site applications. It’s designed to support modern work-based ecosystems that frequently rely on a combination of multiple cloud applications, user devices like laptops and phones, as well as external users’ (customers or business partners) systems and own custom apps.\nThe more “inhabitants” in the ecosystem, the greater the number of security risks it carries (and the more complex it becomes for IT teams to handle). So, rather than require multiple logins for each element and user, Okta links them through a single sign-on using its secure process. Okta also allows you to combine multi-factor authentication functionality with its customizable “Universal Directory.” Essentially, this helps IT teams determine the level of access per user within the entire system.\nThat’s a super fancy way of saying Okta’s services are a strong solution to your modern IT team’s day-to-day problems. According to the company, it enables companies to “[overcome] the economic and technological limitations of any legacy identity management scheme […] [they] are currently using.”\nThis is all highly relevant to the investment thesis behind OKTA stock. After all, its unique security solution is the lifeblood of the company’s future. And that future is bright.\nWith the onset of an increasingly remote workforce upon us, alongside the arrival of a“Cyber Pandemic,”— both of which were byproducts of the social impact of Covid-19 — IT solutions should remain hot commodities long-term. Consider the following:\n\n“The percentage of workers permanently working from home is expected to doublein 2021.”\n“Worldwide cybercrime costs will hit $6 trillion annually by 2021.”\n“Security services accounted for an estimated 50% of cybersecurity budgets in 2020.”\nLooking at the frequency of ransomware attacks alone, the rate has increased from one every 40 seconds in 2016 to an attack every 11 seconds in 2021.\n\nClearly, companies are now willing to fork out the dough to stay safe. And the need for this safety is only growing. All of this should keep Okta in business for years to come. It should also help drive OKTA stock over a longer-term time frame.\nBut, as with most investment cases, things aren’t that simple.\nThe Downsides with Okta\nWhile OKTA stock had a strong run in 2020 (a 115% increase), it’s down about 10% so far in 2021. Much of that could be attributed to the pandemic catalyst tapering off. However, slowing revenue growth is another likely cause.\nLast year, Okta experienced massive 40% growth. The company now projects 30% revenue growth for next year. AsThe Motley Fool’s Travis Hoium explains, “with growth stocks, any reduction in the expected growth rate of the company can cause shares to plummet.”\nThe difference between 30% and 40% growth might not seem significant to some. However, several analysts issued price-target downgrades on the news earlier this year. Piper Sandler issued a cut to $235 from their $250 price target (a 6% reduction). Likewise, BMO Capital Markets changed its target from $285 to $265 (a 7% reduction).\nThe reduced growth projections (alongside dwindling post-pandemic hype) is a large reason for Okta’s pain in 2021. But there are also valuation concerns to contend with. At the start of the year, tech stocks suffered a selloff. Much of that’s due to inflated valuations within the space and continuing concerns that we’re in a tech bubble.\nWhether or not you agree with that broader market assessment, many argue that the valuation for OKTA stock is pricey relative to its peers. Plus, this concern gains further traction when you consider the following: “More than 70 percent of security executives believe that their budgets for fiscal year 2021 will shrink.” If these executives are correct, that could intensify the prospective reduction in Okta’s growth.\nIs OKTA Stock an Ugly Buy?\nThat certainly puts a dent in the bullish case for OKTA stock. But I don’t think it should be taken as a sign of complete doom.\nWhen it comes to Okta, there’s nothing exceptionallyuglyabout the company. However, the valuation and growth concerns are legitimate, depending on what you expect from the stock. As such, there are at least two core questions to ask yourself moving forward:\n\nDo you expect Okta to continue growing near the 40% rate it enjoyed last year?Okta projects a 10% reduction in growth and this coincides with the anticipated reduction in security budgets for 2021 (70%-plus of executives expect this to happen). If you’re looking for Okta to keep growing at a higher rate, then it might be time to walk away.\nDo you believe in Okta’s long-term viability?As mentioned earlier, the world is only getting more remote and IT security systems are only getting more intricate and necessary. Okta is a key player in this space and its services are generally well-regarded. If it continues to produce high-quality solutions, the company should have a strong foundation for continued growth (albeit at a less impressive rate).\n\nUltimately, when it comes to OKTA stock, I don’t think there’s reason to drop it. Unless, of course, you’re seeking more impressive growth narratives. Moving forward, longer-term investors ought to pay close attention to its continued viability to compete successfully in the cybersecurity space.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5004383,"gmtCreate":1624580981143,"gmtModify":1663229955936,"authorId":3582345882753119,"author":{"id":3582345882753119,"idStr":"3582345882753119","authorId":3582345882753119,"name":"KingOfRoarrr","avatar":"https://static.tigerbbs.com/578ac994ad69614ee393c7c08aca3a38","vip":1,"currentWearingBadge":{"badgeId":"44212b71d0be4ec88898348dbe882e03-3","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"President Tiger","description":"The transaction amount of the securities account reaches $1,000,000","bigImgUrl":"https://static.tigerbbs.com/fbeac6bb240db7da8b972e5183d050ba","smallImgUrl":"https://static.tigerbbs.com/436cdf80292b99f0a992e78750ac4e3a","grayImgUrl":"https://static.tigerbbs.com/506a259a7b456f037592c3b23c779599","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.07.14","exceedPercentage":"93.42%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1101},"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":3582345882753119,"repliedAuthor":{"id":3582345882753119,"idStr":"3582345882753119","authorId":3582345882753119,"name":"KingOfRoarrr","avatar":"https://static.tigerbbs.com/578ac994ad69614ee393c7c08aca3a38","vip":1,"currentWearingBadge":{"badgeId":"44212b71d0be4ec88898348dbe882e03-3","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"President Tiger","description":"The transaction amount of the securities account reaches $1,000,000","bigImgUrl":"https://static.tigerbbs.com/fbeac6bb240db7da8b972e5183d050ba","smallImgUrl":"https://static.tigerbbs.com/436cdf80292b99f0a992e78750ac4e3a","grayImgUrl":"https://static.tigerbbs.com/506a259a7b456f037592c3b23c779599","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.07.14","exceedPercentage":"93.42%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1101},"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"objectId":168501059,"type":1,"supId":4853523,"prevId":4853560,"content":"Add friends? Hehe","text":"Add friends? Hehe","html":"Add friends? Hehe"},{"id":4927333,"gmtCreate":1624252445454,"gmtModify":1663229579934,"authorId":3582345882753119,"author":{"id":3582345882753119,"idStr":"3582345882753119","authorId":3582345882753119,"name":"KingOfRoarrr","avatar":"https://static.tigerbbs.com/578ac994ad69614ee393c7c08aca3a38","vip":1,"currentWearingBadge":{"badgeId":"44212b71d0be4ec88898348dbe882e03-3","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"President Tiger","description":"The transaction amount of the securities account reaches $1,000,000","bigImgUrl":"https://static.tigerbbs.com/fbeac6bb240db7da8b972e5183d050ba","smallImgUrl":"https://static.tigerbbs.com/436cdf80292b99f0a992e78750ac4e3a","grayImgUrl":"https://static.tigerbbs.com/506a259a7b456f037592c3b23c779599","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.07.14","exceedPercentage":"93.42%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1101},"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":168501059,"type":1,"supId":0,"prevId":0,"content":"[What]","text":"[What]","html":"[What]"},{"id":4853523,"gmtCreate":1623977819489,"gmtModify":1663229226952,"authorId":3582345882753119,"author":{"id":3582345882753119,"idStr":"3582345882753119","authorId":3582345882753119,"name":"KingOfRoarrr","avatar":"https://static.tigerbbs.com/578ac994ad69614ee393c7c08aca3a38","vip":1,"currentWearingBadge":{"badgeId":"44212b71d0be4ec88898348dbe882e03-3","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"President Tiger","description":"The transaction amount of the securities account reaches $1,000,000","bigImgUrl":"https://static.tigerbbs.com/fbeac6bb240db7da8b972e5183d050ba","smallImgUrl":"https://static.tigerbbs.com/436cdf80292b99f0a992e78750ac4e3a","grayImgUrl":"https://static.tigerbbs.com/506a259a7b456f037592c3b23c779599","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.07.14","exceedPercentage":"93.42%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1101},"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":168501059,"type":1,"supId":0,"prevId":0,"content":"Thks","text":"Thks","html":"Thks"},{"id":4853538,"gmtCreate":1623977853159,"gmtModify":1663229226143,"authorId":3570069153864313,"author":{"id":3570069153864313,"idStr":"3570069153864313","authorId":3570069153864313,"name":"Racheltestin","avatar":"https://static.tigerbbs.com/83746feea9af3c17ae42ff00d7ca9254","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":168501059,"type":1,"supId":4853523,"prevId":0,"content":"Thanks! ","text":"Thanks! ","html":"Thanks! "},{"id":4853557,"gmtCreate":1623977916200,"gmtModify":1663229225528,"authorId":3582345882753119,"author":{"id":3582345882753119,"idStr":"3582345882753119","authorId":3582345882753119,"name":"KingOfRoarrr","avatar":"https://static.tigerbbs.com/578ac994ad69614ee393c7c08aca3a38","vip":1,"currentWearingBadge":{"badgeId":"44212b71d0be4ec88898348dbe882e03-3","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"President Tiger","description":"The transaction amount of the securities account reaches $1,000,000","bigImgUrl":"https://static.tigerbbs.com/fbeac6bb240db7da8b972e5183d050ba","smallImgUrl":"https://static.tigerbbs.com/436cdf80292b99f0a992e78750ac4e3a","grayImgUrl":"https://static.tigerbbs.com/506a259a7b456f037592c3b23c779599","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.07.14","exceedPercentage":"93.42%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1101},"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":3570069153864313,"repliedAuthor":{"id":3570069153864313,"idStr":"3570069153864313","authorId":3570069153864313,"name":"Racheltestin","avatar":"https://static.tigerbbs.com/83746feea9af3c17ae42ff00d7ca9254","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"objectId":168501059,"type":1,"supId":4853523,"prevId":4853538,"content":"Youre beautifuL babe","text":"Youre beautifuL babe","html":"Youre beautifuL babe"}],"langContent":"EN"},{"id":168500160,"gmtCreate":1623977739750,"gmtModify":1703825184648,"author":{"id":"3570751249933438","authorId":"3570751249933438","name":"edgetrader","avatar":"https://static.tigerbbs.com/7d0e920d94a7891f4c6393f3e5510ccc","vip":1,"crmLevel":7,"crmLevelSwitch":0,"idStr":"3570751249933438","authorIdStr":"3570751249933438"},"htmlText":"I love cybersecurity&nbsp;","listText":"I love cybersecurity&nbsp;","text":"I love cybersecurity","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/168500160","repostId":1197275653,"repostType":4,"repost":{"id":"1197275653","kind":"news","pubTimestamp":1623976968,"share":"https://ttm.financial/m/news/1197275653?lang=&edition=fundamental","pubTime":"2021-06-18 08:42","market":"us","language":"en","title":"Downtrodden Okta Stock Still Has a Chance to Shine Again","url":"https://stock-news.laohu8.com/highlight/detail?id=1197275653","media":"InvestorPlace","summary":"OKTA stock is a well-positioned player in the increasingly hot cybersecurity space\nIn May 2021, mult","content":"OKTA stock is a well-positioned player in the increasingly hot cybersecurity space\nIn May 2021, multiple accounts associated with hacking group DarkSide received $4.4 million worth of ransom in&nbsp;Bitcoin(CCC:BTC-USD) after a cyberattack on the Colonial Pipeline. The impact of this attack led to a significant increase in gas prices. It also left some stations on the East Coast empty for a period. Ultimately, this event thrust&nbsp;cybersecurity stocks&nbsp;like&nbsp;Okta(NASDAQ:OKTA) stock back into the spotlight.\nYou might be quick to add OKTA stock to your list of cybersecurity companies to buy after this attack. After all, it’s a company that specializes in identity security. However, the bullish case doesn’t come without some challenges.\nSo, here’s a closer look at whether Okta is worth buying in 2021.\nOKTA Stock Has Ongoing Advantages\nWhile some investing trends come and go (just take a look at the whacky ridememe stockshave been going on), one thing is guaranteed moving forward. Cybersecurity — and the companies that specialize in the space — will&nbsp;remain&nbsp;invaluable.\nIn our increasingly hyper-connected world, the need for digital security services has no end. When it comes to Okta’s offerings in this space, it provides&nbsp;high-quality security solutions&nbsp;to identity protection.\nBreaking it down a bit further, the company offers a&nbsp;cloud-based security system&nbsp;that’s capable of intertwining with on-site applications. It’s designed to support modern work-based ecosystems that frequently rely on a combination of multiple cloud applications, user devices like laptops and phones, as well as external users’ (customers or business partners) systems and&nbsp;own custom apps.\nThe more “inhabitants” in the ecosystem, the greater the number of security risks it carries (and the more complex it becomes for IT teams to handle). So, rather than require multiple logins for each element and user, Okta links them through a single sign-on using its secure process. Okta also allows you to combine multi-factor authentication functionality with its customizable “Universal Directory.” Essentially, this helps IT teams determine the level of access per user within the entire system.\nThat’s a super fancy way of saying Okta’s services are a strong solution to your modern IT team’s day-to-day problems. According to the company, it enables companies to “[overcome] the economic and technological limitations of any legacy identity management scheme […] [they] are currently using.”\nThis is all highly relevant to the investment thesis behind OKTA stock. After all, its unique security solution is the lifeblood of the company’s future. And that future is bright.\nWith the onset of an increasingly remote workforce upon us, alongside the arrival of a“Cyber Pandemic,”— both of which were byproducts of the social impact of Covid-19 — IT solutions should remain hot commodities long-term. Consider the following:\n<ul>\n <li>“The percentage of workers permanently working from home is&nbsp;expected to doublein 2021.”</li>\n <li>“Worldwide cybercrime costs will hit&nbsp;$6 trillion annually by 2021.”</li>\n <li>“Security services accounted for an estimated 50% of cybersecurity budgets in 2020.”</li>\n <li>Looking at the frequency of ransomware attacks alone, the rate has increased from one every 40 seconds in 2016 to an attack&nbsp;every 11 seconds in 2021.</li>\n</ul>\nClearly, companies are now willing to fork out the dough to stay safe. And the need for this safety is only growing. All of this should keep Okta in business for years to come. It should also help drive OKTA stock over a longer-term time frame.\nBut, as with most investment cases, things aren’t&nbsp;that&nbsp;simple.\nThe Downsides with Okta\nWhile OKTA stock had a strong run in 2020 (a 115% increase), it’s down about 10% so far in 2021. Much of that could be attributed to the pandemic catalyst tapering off. However, slowing revenue growth is another likely cause.\nLast year, Okta experienced massive 40% growth. The company now&nbsp;projects 30% revenue growth&nbsp;for next year. AsThe Motley Fool’s&nbsp;Travis Hoium&nbsp;explains, “with&nbsp;growth stocks, any reduction in the expected growth rate of the company can cause shares to plummet.”\nThe difference between 30% and 40% growth might not seem significant to some. However, several analysts issued price-target downgrades on the news earlier this year. Piper Sandler issued a cut to $235 from their $250 price target (a 6% reduction). Likewise, BMO Capital Markets changed its target from $285 to $265 (a 7% reduction).\nThe reduced growth projections (alongside dwindling post-pandemic hype) is a large reason for Okta’s pain in 2021. But there are also valuation concerns to contend with. At the start of the year, tech stocks suffered a selloff. Much of that’s due to inflated valuations within the space and continuing&nbsp;concerns that we’re in a tech bubble.\nWhether or not you agree with that broader market assessment, many argue that the valuation for OKTA stock is&nbsp;pricey relative to its peers. Plus, this concern gains further traction when you consider the following: “More than 70 percent&nbsp;of security executives believe that their budgets for fiscal year 2021 will shrink.” If these executives are correct, that could intensify the prospective reduction in Okta’s growth.\nIs OKTA Stock an Ugly Buy?\nThat certainly puts a dent in the bullish case for OKTA stock. But I don’t think it should be taken as a sign of complete doom.\nWhen it comes to Okta, there’s nothing exceptionallyuglyabout the company. However, the valuation and growth concerns are legitimate, depending on what you expect from the stock. As such, there are at least two core questions to ask yourself moving forward:\n<ul>\n <li>Do you expect Okta to continue growing near the 40% rate it enjoyed last year?Okta projects a 10% reduction in growth and this coincides with the anticipated reduction in security budgets for 2021 (70%-plus of executives expect this to happen). If you’re looking for Okta to keep growing at a higher rate, then it might be time to walk away.</li>\n <li>Do you believe in Okta’s long-term viability?As mentioned earlier, the world is only getting more remote and IT security systems are only getting more intricate and necessary. Okta is a key player in this space and its services are generally well-regarded. If it continues to produce high-quality solutions, the company should have a strong foundation for continued growth (albeit at a less impressive rate).</li>\n</ul>\nUltimately, when it comes to OKTA stock, I don’t think there’s reason to drop it. Unless, of course, you’re seeking more impressive growth narratives. Moving forward, longer-term investors ought to pay close attention to its continued viability to compete successfully in the cybersecurity space.","source":"lsy1606302653667","collect":0,"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>Downtrodden Okta Stock Still Has a Chance to Shine Again</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\">\nDowntrodden Okta Stock Still Has a Chance to Shine Again\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-18 08:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/06/downtrodden-okta-stock-still-has-chance-to-shine-again/>InvestorPlace</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nOKTA stock is a well-positioned player in the increasingly hot cybersecurity space\nIn May 2021, multiple accounts associated with hacking group DarkSide received $4.4 million worth of ransom in ...\n\n<a href=\"https://investorplace.com/2021/06/downtrodden-okta-stock-still-has-chance-to-shine-again/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"OKTA":"Okta Inc."},"source_url":"https://investorplace.com/2021/06/downtrodden-okta-stock-still-has-chance-to-shine-again/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197275653","content_text":"OKTA stock is a well-positioned player in the increasingly hot cybersecurity space\nIn May 2021, multiple accounts associated with hacking group DarkSide received $4.4 million worth of ransom in Bitcoin(CCC:BTC-USD) after a cyberattack on the Colonial Pipeline. The impact of this attack led to a significant increase in gas prices. It also left some stations on the East Coast empty for a period. Ultimately, this event thrust cybersecurity stocks like Okta(NASDAQ:OKTA) stock back into the spotlight.\nYou might be quick to add OKTA stock to your list of cybersecurity companies to buy after this attack. After all, it’s a company that specializes in identity security. However, the bullish case doesn’t come without some challenges.\nSo, here’s a closer look at whether Okta is worth buying in 2021.\nOKTA Stock Has Ongoing Advantages\nWhile some investing trends come and go (just take a look at the whacky ridememe stockshave been going on), one thing is guaranteed moving forward. Cybersecurity — and the companies that specialize in the space — will remain invaluable.\nIn our increasingly hyper-connected world, the need for digital security services has no end. When it comes to Okta’s offerings in this space, it provides high-quality security solutions to identity protection.\nBreaking it down a bit further, the company offers a cloud-based security system that’s capable of intertwining with on-site applications. It’s designed to support modern work-based ecosystems that frequently rely on a combination of multiple cloud applications, user devices like laptops and phones, as well as external users’ (customers or business partners) systems and own custom apps.\nThe more “inhabitants” in the ecosystem, the greater the number of security risks it carries (and the more complex it becomes for IT teams to handle). So, rather than require multiple logins for each element and user, Okta links them through a single sign-on using its secure process. Okta also allows you to combine multi-factor authentication functionality with its customizable “Universal Directory.” Essentially, this helps IT teams determine the level of access per user within the entire system.\nThat’s a super fancy way of saying Okta’s services are a strong solution to your modern IT team’s day-to-day problems. According to the company, it enables companies to “[overcome] the economic and technological limitations of any legacy identity management scheme […] [they] are currently using.”\nThis is all highly relevant to the investment thesis behind OKTA stock. After all, its unique security solution is the lifeblood of the company’s future. And that future is bright.\nWith the onset of an increasingly remote workforce upon us, alongside the arrival of a“Cyber Pandemic,”— both of which were byproducts of the social impact of Covid-19 — IT solutions should remain hot commodities long-term. Consider the following:\n\n“The percentage of workers permanently working from home is expected to doublein 2021.”\n“Worldwide cybercrime costs will hit $6 trillion annually by 2021.”\n“Security services accounted for an estimated 50% of cybersecurity budgets in 2020.”\nLooking at the frequency of ransomware attacks alone, the rate has increased from one every 40 seconds in 2016 to an attack every 11 seconds in 2021.\n\nClearly, companies are now willing to fork out the dough to stay safe. And the need for this safety is only growing. All of this should keep Okta in business for years to come. It should also help drive OKTA stock over a longer-term time frame.\nBut, as with most investment cases, things aren’t that simple.\nThe Downsides with Okta\nWhile OKTA stock had a strong run in 2020 (a 115% increase), it’s down about 10% so far in 2021. Much of that could be attributed to the pandemic catalyst tapering off. However, slowing revenue growth is another likely cause.\nLast year, Okta experienced massive 40% growth. The company now projects 30% revenue growth for next year. AsThe Motley Fool’s Travis Hoium explains, “with growth stocks, any reduction in the expected growth rate of the company can cause shares to plummet.”\nThe difference between 30% and 40% growth might not seem significant to some. However, several analysts issued price-target downgrades on the news earlier this year. Piper Sandler issued a cut to $235 from their $250 price target (a 6% reduction). Likewise, BMO Capital Markets changed its target from $285 to $265 (a 7% reduction).\nThe reduced growth projections (alongside dwindling post-pandemic hype) is a large reason for Okta’s pain in 2021. But there are also valuation concerns to contend with. At the start of the year, tech stocks suffered a selloff. Much of that’s due to inflated valuations within the space and continuing concerns that we’re in a tech bubble.\nWhether or not you agree with that broader market assessment, many argue that the valuation for OKTA stock is pricey relative to its peers. Plus, this concern gains further traction when you consider the following: “More than 70 percent of security executives believe that their budgets for fiscal year 2021 will shrink.” If these executives are correct, that could intensify the prospective reduction in Okta’s growth.\nIs OKTA Stock an Ugly Buy?\nThat certainly puts a dent in the bullish case for OKTA stock. But I don’t think it should be taken as a sign of complete doom.\nWhen it comes to Okta, there’s nothing exceptionallyuglyabout the company. However, the valuation and growth concerns are legitimate, depending on what you expect from the stock. As such, there are at least two core questions to ask yourself moving forward:\n\nDo you expect Okta to continue growing near the 40% rate it enjoyed last year?Okta projects a 10% reduction in growth and this coincides with the anticipated reduction in security budgets for 2021 (70%-plus of executives expect this to happen). If you’re looking for Okta to keep growing at a higher rate, then it might be time to walk away.\nDo you believe in Okta’s long-term viability?As mentioned earlier, the world is only getting more remote and IT security systems are only getting more intricate and necessary. Okta is a key player in this space and its services are generally well-regarded. If it continues to produce high-quality solutions, the company should have a strong foundation for continued growth (albeit at a less impressive rate).\n\nUltimately, when it comes to OKTA stock, I don’t think there’s reason to drop it. Unless, of course, you’re seeking more impressive growth narratives. Moving forward, longer-term investors ought to pay close attention to its continued viability to compete successfully in the cybersecurity space.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":168276596,"gmtCreate":1623977636815,"gmtModify":1703825178344,"author":{"id":"3581120311613859","authorId":"3581120311613859","name":"michieru","avatar":"https://static.tigerbbs.com/0ff1d46ef085beb90f96bdc32a0b3efa","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581120311613859","authorIdStr":"3581120311613859"},"htmlText":"Like and comment&nbsp;","listText":"Like and comment&nbsp;","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/168276596","repostId":1197275653,"repostType":4,"repost":{"id":"1197275653","kind":"news","pubTimestamp":1623976968,"share":"https://ttm.financial/m/news/1197275653?lang=&edition=fundamental","pubTime":"2021-06-18 08:42","market":"us","language":"en","title":"Downtrodden Okta Stock Still Has a Chance to Shine Again","url":"https://stock-news.laohu8.com/highlight/detail?id=1197275653","media":"InvestorPlace","summary":"OKTA stock is a well-positioned player in the increasingly hot cybersecurity space\nIn May 2021, mult","content":"OKTA stock is a well-positioned player in the increasingly hot cybersecurity space\nIn May 2021, multiple accounts associated with hacking group DarkSide received $4.4 million worth of ransom in&nbsp;Bitcoin(CCC:BTC-USD) after a cyberattack on the Colonial Pipeline. The impact of this attack led to a significant increase in gas prices. It also left some stations on the East Coast empty for a period. Ultimately, this event thrust&nbsp;cybersecurity stocks&nbsp;like&nbsp;Okta(NASDAQ:OKTA) stock back into the spotlight.\nYou might be quick to add OKTA stock to your list of cybersecurity companies to buy after this attack. After all, it’s a company that specializes in identity security. However, the bullish case doesn’t come without some challenges.\nSo, here’s a closer look at whether Okta is worth buying in 2021.\nOKTA Stock Has Ongoing Advantages\nWhile some investing trends come and go (just take a look at the whacky ridememe stockshave been going on), one thing is guaranteed moving forward. Cybersecurity — and the companies that specialize in the space — will&nbsp;remain&nbsp;invaluable.\nIn our increasingly hyper-connected world, the need for digital security services has no end. When it comes to Okta’s offerings in this space, it provides&nbsp;high-quality security solutions&nbsp;to identity protection.\nBreaking it down a bit further, the company offers a&nbsp;cloud-based security system&nbsp;that’s capable of intertwining with on-site applications. It’s designed to support modern work-based ecosystems that frequently rely on a combination of multiple cloud applications, user devices like laptops and phones, as well as external users’ (customers or business partners) systems and&nbsp;own custom apps.\nThe more “inhabitants” in the ecosystem, the greater the number of security risks it carries (and the more complex it becomes for IT teams to handle). So, rather than require multiple logins for each element and user, Okta links them through a single sign-on using its secure process. Okta also allows you to combine multi-factor authentication functionality with its customizable “Universal Directory.” Essentially, this helps IT teams determine the level of access per user within the entire system.\nThat’s a super fancy way of saying Okta’s services are a strong solution to your modern IT team’s day-to-day problems. According to the company, it enables companies to “[overcome] the economic and technological limitations of any legacy identity management scheme […] [they] are currently using.”\nThis is all highly relevant to the investment thesis behind OKTA stock. After all, its unique security solution is the lifeblood of the company’s future. And that future is bright.\nWith the onset of an increasingly remote workforce upon us, alongside the arrival of a“Cyber Pandemic,”— both of which were byproducts of the social impact of Covid-19 — IT solutions should remain hot commodities long-term. Consider the following:\n<ul>\n <li>“The percentage of workers permanently working from home is&nbsp;expected to doublein 2021.”</li>\n <li>“Worldwide cybercrime costs will hit&nbsp;$6 trillion annually by 2021.”</li>\n <li>“Security services accounted for an estimated 50% of cybersecurity budgets in 2020.”</li>\n <li>Looking at the frequency of ransomware attacks alone, the rate has increased from one every 40 seconds in 2016 to an attack&nbsp;every 11 seconds in 2021.</li>\n</ul>\nClearly, companies are now willing to fork out the dough to stay safe. And the need for this safety is only growing. All of this should keep Okta in business for years to come. It should also help drive OKTA stock over a longer-term time frame.\nBut, as with most investment cases, things aren’t&nbsp;that&nbsp;simple.\nThe Downsides with Okta\nWhile OKTA stock had a strong run in 2020 (a 115% increase), it’s down about 10% so far in 2021. Much of that could be attributed to the pandemic catalyst tapering off. However, slowing revenue growth is another likely cause.\nLast year, Okta experienced massive 40% growth. The company now&nbsp;projects 30% revenue growth&nbsp;for next year. AsThe Motley Fool’s&nbsp;Travis Hoium&nbsp;explains, “with&nbsp;growth stocks, any reduction in the expected growth rate of the company can cause shares to plummet.”\nThe difference between 30% and 40% growth might not seem significant to some. However, several analysts issued price-target downgrades on the news earlier this year. Piper Sandler issued a cut to $235 from their $250 price target (a 6% reduction). Likewise, BMO Capital Markets changed its target from $285 to $265 (a 7% reduction).\nThe reduced growth projections (alongside dwindling post-pandemic hype) is a large reason for Okta’s pain in 2021. But there are also valuation concerns to contend with. At the start of the year, tech stocks suffered a selloff. Much of that’s due to inflated valuations within the space and continuing&nbsp;concerns that we’re in a tech bubble.\nWhether or not you agree with that broader market assessment, many argue that the valuation for OKTA stock is&nbsp;pricey relative to its peers. Plus, this concern gains further traction when you consider the following: “More than 70 percent&nbsp;of security executives believe that their budgets for fiscal year 2021 will shrink.” If these executives are correct, that could intensify the prospective reduction in Okta’s growth.\nIs OKTA Stock an Ugly Buy?\nThat certainly puts a dent in the bullish case for OKTA stock. But I don’t think it should be taken as a sign of complete doom.\nWhen it comes to Okta, there’s nothing exceptionallyuglyabout the company. However, the valuation and growth concerns are legitimate, depending on what you expect from the stock. As such, there are at least two core questions to ask yourself moving forward:\n<ul>\n <li>Do you expect Okta to continue growing near the 40% rate it enjoyed last year?Okta projects a 10% reduction in growth and this coincides with the anticipated reduction in security budgets for 2021 (70%-plus of executives expect this to happen). If you’re looking for Okta to keep growing at a higher rate, then it might be time to walk away.</li>\n <li>Do you believe in Okta’s long-term viability?As mentioned earlier, the world is only getting more remote and IT security systems are only getting more intricate and necessary. Okta is a key player in this space and its services are generally well-regarded. If it continues to produce high-quality solutions, the company should have a strong foundation for continued growth (albeit at a less impressive rate).</li>\n</ul>\nUltimately, when it comes to OKTA stock, I don’t think there’s reason to drop it. Unless, of course, you’re seeking more impressive growth narratives. Moving forward, longer-term investors ought to pay close attention to its continued viability to compete successfully in the cybersecurity space.","source":"lsy1606302653667","collect":0,"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>Downtrodden Okta Stock Still Has a Chance to Shine Again</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\">\nDowntrodden Okta Stock Still Has a Chance to Shine Again\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-18 08:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/06/downtrodden-okta-stock-still-has-chance-to-shine-again/>InvestorPlace</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nOKTA stock is a well-positioned player in the increasingly hot cybersecurity space\nIn May 2021, multiple accounts associated with hacking group DarkSide received $4.4 million worth of ransom in ...\n\n<a href=\"https://investorplace.com/2021/06/downtrodden-okta-stock-still-has-chance-to-shine-again/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"OKTA":"Okta Inc."},"source_url":"https://investorplace.com/2021/06/downtrodden-okta-stock-still-has-chance-to-shine-again/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197275653","content_text":"OKTA stock is a well-positioned player in the increasingly hot cybersecurity space\nIn May 2021, multiple accounts associated with hacking group DarkSide received $4.4 million worth of ransom in Bitcoin(CCC:BTC-USD) after a cyberattack on the Colonial Pipeline. The impact of this attack led to a significant increase in gas prices. It also left some stations on the East Coast empty for a period. Ultimately, this event thrust cybersecurity stocks like Okta(NASDAQ:OKTA) stock back into the spotlight.\nYou might be quick to add OKTA stock to your list of cybersecurity companies to buy after this attack. After all, it’s a company that specializes in identity security. However, the bullish case doesn’t come without some challenges.\nSo, here’s a closer look at whether Okta is worth buying in 2021.\nOKTA Stock Has Ongoing Advantages\nWhile some investing trends come and go (just take a look at the whacky ridememe stockshave been going on), one thing is guaranteed moving forward. Cybersecurity — and the companies that specialize in the space — will remain invaluable.\nIn our increasingly hyper-connected world, the need for digital security services has no end. When it comes to Okta’s offerings in this space, it provides high-quality security solutions to identity protection.\nBreaking it down a bit further, the company offers a cloud-based security system that’s capable of intertwining with on-site applications. It’s designed to support modern work-based ecosystems that frequently rely on a combination of multiple cloud applications, user devices like laptops and phones, as well as external users’ (customers or business partners) systems and own custom apps.\nThe more “inhabitants” in the ecosystem, the greater the number of security risks it carries (and the more complex it becomes for IT teams to handle). So, rather than require multiple logins for each element and user, Okta links them through a single sign-on using its secure process. Okta also allows you to combine multi-factor authentication functionality with its customizable “Universal Directory.” Essentially, this helps IT teams determine the level of access per user within the entire system.\nThat’s a super fancy way of saying Okta’s services are a strong solution to your modern IT team’s day-to-day problems. According to the company, it enables companies to “[overcome] the economic and technological limitations of any legacy identity management scheme […] [they] are currently using.”\nThis is all highly relevant to the investment thesis behind OKTA stock. After all, its unique security solution is the lifeblood of the company’s future. And that future is bright.\nWith the onset of an increasingly remote workforce upon us, alongside the arrival of a“Cyber Pandemic,”— both of which were byproducts of the social impact of Covid-19 — IT solutions should remain hot commodities long-term. Consider the following:\n\n“The percentage of workers permanently working from home is expected to doublein 2021.”\n“Worldwide cybercrime costs will hit $6 trillion annually by 2021.”\n“Security services accounted for an estimated 50% of cybersecurity budgets in 2020.”\nLooking at the frequency of ransomware attacks alone, the rate has increased from one every 40 seconds in 2016 to an attack every 11 seconds in 2021.\n\nClearly, companies are now willing to fork out the dough to stay safe. And the need for this safety is only growing. All of this should keep Okta in business for years to come. It should also help drive OKTA stock over a longer-term time frame.\nBut, as with most investment cases, things aren’t that simple.\nThe Downsides with Okta\nWhile OKTA stock had a strong run in 2020 (a 115% increase), it’s down about 10% so far in 2021. Much of that could be attributed to the pandemic catalyst tapering off. However, slowing revenue growth is another likely cause.\nLast year, Okta experienced massive 40% growth. The company now projects 30% revenue growth for next year. AsThe Motley Fool’s Travis Hoium explains, “with growth stocks, any reduction in the expected growth rate of the company can cause shares to plummet.”\nThe difference between 30% and 40% growth might not seem significant to some. However, several analysts issued price-target downgrades on the news earlier this year. Piper Sandler issued a cut to $235 from their $250 price target (a 6% reduction). Likewise, BMO Capital Markets changed its target from $285 to $265 (a 7% reduction).\nThe reduced growth projections (alongside dwindling post-pandemic hype) is a large reason for Okta’s pain in 2021. But there are also valuation concerns to contend with. At the start of the year, tech stocks suffered a selloff. Much of that’s due to inflated valuations within the space and continuing concerns that we’re in a tech bubble.\nWhether or not you agree with that broader market assessment, many argue that the valuation for OKTA stock is pricey relative to its peers. Plus, this concern gains further traction when you consider the following: “More than 70 percent of security executives believe that their budgets for fiscal year 2021 will shrink.” If these executives are correct, that could intensify the prospective reduction in Okta’s growth.\nIs OKTA Stock an Ugly Buy?\nThat certainly puts a dent in the bullish case for OKTA stock. But I don’t think it should be taken as a sign of complete doom.\nWhen it comes to Okta, there’s nothing exceptionallyuglyabout the company. However, the valuation and growth concerns are legitimate, depending on what you expect from the stock. As such, there are at least two core questions to ask yourself moving forward:\n\nDo you expect Okta to continue growing near the 40% rate it enjoyed last year?Okta projects a 10% reduction in growth and this coincides with the anticipated reduction in security budgets for 2021 (70%-plus of executives expect this to happen). If you’re looking for Okta to keep growing at a higher rate, then it might be time to walk away.\nDo you believe in Okta’s long-term viability?As mentioned earlier, the world is only getting more remote and IT security systems are only getting more intricate and necessary. Okta is a key player in this space and its services are generally well-regarded. If it continues to produce high-quality solutions, the company should have a strong foundation for continued growth (albeit at a less impressive rate).\n\nUltimately, when it comes to OKTA stock, I don’t think there’s reason to drop it. Unless, of course, you’re seeking more impressive growth narratives. Moving forward, longer-term investors ought to pay close attention to its continued viability to compete successfully in the cybersecurity space.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4853514,"gmtCreate":1623977796901,"gmtModify":1663229222429,"authorId":3578472903237510,"author":{"id":3578472903237510,"idStr":"3578472903237510","authorId":3578472903237510,"name":"FreebigmoNeY","avatar":"https://static.tigerbbs.com/3a31b93448657f6d83ec000012f9f9e6","vip":1,"crmLevel":9,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":168276596,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"},{"id":4853763,"gmtCreate":1623978313388,"gmtModify":1635312377297,"authorId":3573721781255613,"author":{"id":3573721781255613,"idStr":"3573721781255613","authorId":3573721781255613,"name":"szueyann","avatar":"https://static.tigerbbs.com/cba9c6b1e785a9cf7301a7e6a2ff2354","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":168276596,"type":1,"supId":0,"prevId":0,"content":"ok","text":"ok","html":"ok"}],"langContent":"EN"},{"id":168278633,"gmtCreate":1623977613422,"gmtModify":1703825176213,"author":{"id":"3579210010472476","authorId":"3579210010472476","name":"Mib1515","avatar":"https://static.tigerbbs.com/c0b85730abdbda4c69ac70cb9d1f58cb","vip":1,"crmLevel":4,"crmLevelSwitch":1,"idStr":"3579210010472476","authorIdStr":"3579210010472476"},"htmlText":"Comment","listText":"Comment","text":"Comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/168278633","repostId":1197275653,"repostType":4,"repost":{"id":"1197275653","kind":"news","pubTimestamp":1623976968,"share":"https://ttm.financial/m/news/1197275653?lang=&edition=fundamental","pubTime":"2021-06-18 08:42","market":"us","language":"en","title":"Downtrodden Okta Stock Still Has a Chance to Shine Again","url":"https://stock-news.laohu8.com/highlight/detail?id=1197275653","media":"InvestorPlace","summary":"OKTA stock is a well-positioned player in the increasingly hot cybersecurity space\nIn May 2021, mult","content":"OKTA stock is a well-positioned player in the increasingly hot cybersecurity space\nIn May 2021, multiple accounts associated with hacking group DarkSide received $4.4 million worth of ransom in&nbsp;Bitcoin(CCC:BTC-USD) after a cyberattack on the Colonial Pipeline. The impact of this attack led to a significant increase in gas prices. It also left some stations on the East Coast empty for a period. Ultimately, this event thrust&nbsp;cybersecurity stocks&nbsp;like&nbsp;Okta(NASDAQ:OKTA) stock back into the spotlight.\nYou might be quick to add OKTA stock to your list of cybersecurity companies to buy after this attack. After all, it’s a company that specializes in identity security. However, the bullish case doesn’t come without some challenges.\nSo, here’s a closer look at whether Okta is worth buying in 2021.\nOKTA Stock Has Ongoing Advantages\nWhile some investing trends come and go (just take a look at the whacky ridememe stockshave been going on), one thing is guaranteed moving forward. Cybersecurity — and the companies that specialize in the space — will&nbsp;remain&nbsp;invaluable.\nIn our increasingly hyper-connected world, the need for digital security services has no end. When it comes to Okta’s offerings in this space, it provides&nbsp;high-quality security solutions&nbsp;to identity protection.\nBreaking it down a bit further, the company offers a&nbsp;cloud-based security system&nbsp;that’s capable of intertwining with on-site applications. It’s designed to support modern work-based ecosystems that frequently rely on a combination of multiple cloud applications, user devices like laptops and phones, as well as external users’ (customers or business partners) systems and&nbsp;own custom apps.\nThe more “inhabitants” in the ecosystem, the greater the number of security risks it carries (and the more complex it becomes for IT teams to handle). So, rather than require multiple logins for each element and user, Okta links them through a single sign-on using its secure process. Okta also allows you to combine multi-factor authentication functionality with its customizable “Universal Directory.” Essentially, this helps IT teams determine the level of access per user within the entire system.\nThat’s a super fancy way of saying Okta’s services are a strong solution to your modern IT team’s day-to-day problems. According to the company, it enables companies to “[overcome] the economic and technological limitations of any legacy identity management scheme […] [they] are currently using.”\nThis is all highly relevant to the investment thesis behind OKTA stock. After all, its unique security solution is the lifeblood of the company’s future. And that future is bright.\nWith the onset of an increasingly remote workforce upon us, alongside the arrival of a“Cyber Pandemic,”— both of which were byproducts of the social impact of Covid-19 — IT solutions should remain hot commodities long-term. Consider the following:\n<ul>\n <li>“The percentage of workers permanently working from home is&nbsp;expected to doublein 2021.”</li>\n <li>“Worldwide cybercrime costs will hit&nbsp;$6 trillion annually by 2021.”</li>\n <li>“Security services accounted for an estimated 50% of cybersecurity budgets in 2020.”</li>\n <li>Looking at the frequency of ransomware attacks alone, the rate has increased from one every 40 seconds in 2016 to an attack&nbsp;every 11 seconds in 2021.</li>\n</ul>\nClearly, companies are now willing to fork out the dough to stay safe. And the need for this safety is only growing. All of this should keep Okta in business for years to come. It should also help drive OKTA stock over a longer-term time frame.\nBut, as with most investment cases, things aren’t&nbsp;that&nbsp;simple.\nThe Downsides with Okta\nWhile OKTA stock had a strong run in 2020 (a 115% increase), it’s down about 10% so far in 2021. Much of that could be attributed to the pandemic catalyst tapering off. However, slowing revenue growth is another likely cause.\nLast year, Okta experienced massive 40% growth. The company now&nbsp;projects 30% revenue growth&nbsp;for next year. AsThe Motley Fool’s&nbsp;Travis Hoium&nbsp;explains, “with&nbsp;growth stocks, any reduction in the expected growth rate of the company can cause shares to plummet.”\nThe difference between 30% and 40% growth might not seem significant to some. However, several analysts issued price-target downgrades on the news earlier this year. Piper Sandler issued a cut to $235 from their $250 price target (a 6% reduction). Likewise, BMO Capital Markets changed its target from $285 to $265 (a 7% reduction).\nThe reduced growth projections (alongside dwindling post-pandemic hype) is a large reason for Okta’s pain in 2021. But there are also valuation concerns to contend with. At the start of the year, tech stocks suffered a selloff. Much of that’s due to inflated valuations within the space and continuing&nbsp;concerns that we’re in a tech bubble.\nWhether or not you agree with that broader market assessment, many argue that the valuation for OKTA stock is&nbsp;pricey relative to its peers. Plus, this concern gains further traction when you consider the following: “More than 70 percent&nbsp;of security executives believe that their budgets for fiscal year 2021 will shrink.” If these executives are correct, that could intensify the prospective reduction in Okta’s growth.\nIs OKTA Stock an Ugly Buy?\nThat certainly puts a dent in the bullish case for OKTA stock. But I don’t think it should be taken as a sign of complete doom.\nWhen it comes to Okta, there’s nothing exceptionallyuglyabout the company. However, the valuation and growth concerns are legitimate, depending on what you expect from the stock. As such, there are at least two core questions to ask yourself moving forward:\n<ul>\n <li>Do you expect Okta to continue growing near the 40% rate it enjoyed last year?Okta projects a 10% reduction in growth and this coincides with the anticipated reduction in security budgets for 2021 (70%-plus of executives expect this to happen). If you’re looking for Okta to keep growing at a higher rate, then it might be time to walk away.</li>\n <li>Do you believe in Okta’s long-term viability?As mentioned earlier, the world is only getting more remote and IT security systems are only getting more intricate and necessary. Okta is a key player in this space and its services are generally well-regarded. If it continues to produce high-quality solutions, the company should have a strong foundation for continued growth (albeit at a less impressive rate).</li>\n</ul>\nUltimately, when it comes to OKTA stock, I don’t think there’s reason to drop it. Unless, of course, you’re seeking more impressive growth narratives. Moving forward, longer-term investors ought to pay close attention to its continued viability to compete successfully in the cybersecurity space.","source":"lsy1606302653667","collect":0,"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>Downtrodden Okta Stock Still Has a Chance to Shine Again</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\">\nDowntrodden Okta Stock Still Has a Chance to Shine Again\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-18 08:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/06/downtrodden-okta-stock-still-has-chance-to-shine-again/>InvestorPlace</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nOKTA stock is a well-positioned player in the increasingly hot cybersecurity space\nIn May 2021, multiple accounts associated with hacking group DarkSide received $4.4 million worth of ransom in ...\n\n<a href=\"https://investorplace.com/2021/06/downtrodden-okta-stock-still-has-chance-to-shine-again/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"OKTA":"Okta Inc."},"source_url":"https://investorplace.com/2021/06/downtrodden-okta-stock-still-has-chance-to-shine-again/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197275653","content_text":"OKTA stock is a well-positioned player in the increasingly hot cybersecurity space\nIn May 2021, multiple accounts associated with hacking group DarkSide received $4.4 million worth of ransom in Bitcoin(CCC:BTC-USD) after a cyberattack on the Colonial Pipeline. The impact of this attack led to a significant increase in gas prices. It also left some stations on the East Coast empty for a period. Ultimately, this event thrust cybersecurity stocks like Okta(NASDAQ:OKTA) stock back into the spotlight.\nYou might be quick to add OKTA stock to your list of cybersecurity companies to buy after this attack. After all, it’s a company that specializes in identity security. However, the bullish case doesn’t come without some challenges.\nSo, here’s a closer look at whether Okta is worth buying in 2021.\nOKTA Stock Has Ongoing Advantages\nWhile some investing trends come and go (just take a look at the whacky ridememe stockshave been going on), one thing is guaranteed moving forward. Cybersecurity — and the companies that specialize in the space — will remain invaluable.\nIn our increasingly hyper-connected world, the need for digital security services has no end. When it comes to Okta’s offerings in this space, it provides high-quality security solutions to identity protection.\nBreaking it down a bit further, the company offers a cloud-based security system that’s capable of intertwining with on-site applications. It’s designed to support modern work-based ecosystems that frequently rely on a combination of multiple cloud applications, user devices like laptops and phones, as well as external users’ (customers or business partners) systems and own custom apps.\nThe more “inhabitants” in the ecosystem, the greater the number of security risks it carries (and the more complex it becomes for IT teams to handle). So, rather than require multiple logins for each element and user, Okta links them through a single sign-on using its secure process. Okta also allows you to combine multi-factor authentication functionality with its customizable “Universal Directory.” Essentially, this helps IT teams determine the level of access per user within the entire system.\nThat’s a super fancy way of saying Okta’s services are a strong solution to your modern IT team’s day-to-day problems. According to the company, it enables companies to “[overcome] the economic and technological limitations of any legacy identity management scheme […] [they] are currently using.”\nThis is all highly relevant to the investment thesis behind OKTA stock. After all, its unique security solution is the lifeblood of the company’s future. And that future is bright.\nWith the onset of an increasingly remote workforce upon us, alongside the arrival of a“Cyber Pandemic,”— both of which were byproducts of the social impact of Covid-19 — IT solutions should remain hot commodities long-term. Consider the following:\n\n“The percentage of workers permanently working from home is expected to doublein 2021.”\n“Worldwide cybercrime costs will hit $6 trillion annually by 2021.”\n“Security services accounted for an estimated 50% of cybersecurity budgets in 2020.”\nLooking at the frequency of ransomware attacks alone, the rate has increased from one every 40 seconds in 2016 to an attack every 11 seconds in 2021.\n\nClearly, companies are now willing to fork out the dough to stay safe. And the need for this safety is only growing. All of this should keep Okta in business for years to come. It should also help drive OKTA stock over a longer-term time frame.\nBut, as with most investment cases, things aren’t that simple.\nThe Downsides with Okta\nWhile OKTA stock had a strong run in 2020 (a 115% increase), it’s down about 10% so far in 2021. Much of that could be attributed to the pandemic catalyst tapering off. However, slowing revenue growth is another likely cause.\nLast year, Okta experienced massive 40% growth. The company now projects 30% revenue growth for next year. AsThe Motley Fool’s Travis Hoium explains, “with growth stocks, any reduction in the expected growth rate of the company can cause shares to plummet.”\nThe difference between 30% and 40% growth might not seem significant to some. However, several analysts issued price-target downgrades on the news earlier this year. Piper Sandler issued a cut to $235 from their $250 price target (a 6% reduction). Likewise, BMO Capital Markets changed its target from $285 to $265 (a 7% reduction).\nThe reduced growth projections (alongside dwindling post-pandemic hype) is a large reason for Okta’s pain in 2021. But there are also valuation concerns to contend with. At the start of the year, tech stocks suffered a selloff. Much of that’s due to inflated valuations within the space and continuing concerns that we’re in a tech bubble.\nWhether or not you agree with that broader market assessment, many argue that the valuation for OKTA stock is pricey relative to its peers. Plus, this concern gains further traction when you consider the following: “More than 70 percent of security executives believe that their budgets for fiscal year 2021 will shrink.” If these executives are correct, that could intensify the prospective reduction in Okta’s growth.\nIs OKTA Stock an Ugly Buy?\nThat certainly puts a dent in the bullish case for OKTA stock. But I don’t think it should be taken as a sign of complete doom.\nWhen it comes to Okta, there’s nothing exceptionallyuglyabout the company. However, the valuation and growth concerns are legitimate, depending on what you expect from the stock. As such, there are at least two core questions to ask yourself moving forward:\n\nDo you expect Okta to continue growing near the 40% rate it enjoyed last year?Okta projects a 10% reduction in growth and this coincides with the anticipated reduction in security budgets for 2021 (70%-plus of executives expect this to happen). If you’re looking for Okta to keep growing at a higher rate, then it might be time to walk away.\nDo you believe in Okta’s long-term viability?As mentioned earlier, the world is only getting more remote and IT security systems are only getting more intricate and necessary. Okta is a key player in this space and its services are generally well-regarded. If it continues to produce high-quality solutions, the company should have a strong foundation for continued growth (albeit at a less impressive rate).\n\nUltimately, when it comes to OKTA stock, I don’t think there’s reason to drop it. Unless, of course, you’re seeking more impressive growth narratives. Moving forward, longer-term investors ought to pay close attention to its continued viability to compete successfully in the cybersecurity space.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4853562,"gmtCreate":1623977935122,"gmtModify":1663229225550,"authorId":3579998898288031,"author":{"id":3579998898288031,"idStr":"3579998898288031","authorId":3579998898288031,"name":"MamaLee","avatar":"https://static.tigerbbs.com/3b65143242ad70cd231ddce7436fdb25","vip":1,"currentWearingBadge":{"badgeId":"4e86300037264823b9bb00ff44fc0f19-6","templateUuid":"4e86300037264823b9bb00ff44fc0f19","name":"Live trading challenger","description":"for 12 months","bigImgUrl":"https://community-static.tradeup.com/news/b76669c276447115bf9cde881b0cba68","smallImgUrl":"https://community-static.tradeup.com/news/6d5ffd25685d045ade4bb948ef8fd5c3","grayImgUrl":"https://community-static.tradeup.com/news/076cd4597f6ea22aabdd4f6a12b2c293","redirectLinkEnabled":0,"redirectLink":"https://www.tigerbrokers.com.sg/activity/market/2023/stock-contest?adcode=StockContest2023","hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.09.03","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":5600},"crmLevel":5,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":168278633,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"EN"},{"id":168245788,"gmtCreate":1623977448444,"gmtModify":1703825166985,"author":{"id":"3573723928134007","authorId":"3573723928134007","name":"guantanamo","avatar":"https://static.tigerbbs.com/61c2f9babaebcabaf9feb5b836a866dd","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3573723928134007","authorIdStr":"3573723928134007"},"htmlText":"many stocks will rise back! believe!","listText":"many stocks will rise back! believe!","text":"many stocks will rise back! believe!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/168245788","repostId":1197275653,"repostType":4,"repost":{"id":"1197275653","kind":"news","pubTimestamp":1623976968,"share":"https://ttm.financial/m/news/1197275653?lang=&edition=fundamental","pubTime":"2021-06-18 08:42","market":"us","language":"en","title":"Downtrodden Okta Stock Still Has a Chance to Shine Again","url":"https://stock-news.laohu8.com/highlight/detail?id=1197275653","media":"InvestorPlace","summary":"OKTA stock is a well-positioned player in the increasingly hot cybersecurity space\nIn May 2021, mult","content":"OKTA stock is a well-positioned player in the increasingly hot cybersecurity space\nIn May 2021, multiple accounts associated with hacking group DarkSide received $4.4 million worth of ransom in&nbsp;Bitcoin(CCC:BTC-USD) after a cyberattack on the Colonial Pipeline. The impact of this attack led to a significant increase in gas prices. It also left some stations on the East Coast empty for a period. Ultimately, this event thrust&nbsp;cybersecurity stocks&nbsp;like&nbsp;Okta(NASDAQ:OKTA) stock back into the spotlight.\nYou might be quick to add OKTA stock to your list of cybersecurity companies to buy after this attack. After all, it’s a company that specializes in identity security. However, the bullish case doesn’t come without some challenges.\nSo, here’s a closer look at whether Okta is worth buying in 2021.\nOKTA Stock Has Ongoing Advantages\nWhile some investing trends come and go (just take a look at the whacky ridememe stockshave been going on), one thing is guaranteed moving forward. Cybersecurity — and the companies that specialize in the space — will&nbsp;remain&nbsp;invaluable.\nIn our increasingly hyper-connected world, the need for digital security services has no end. When it comes to Okta’s offerings in this space, it provides&nbsp;high-quality security solutions&nbsp;to identity protection.\nBreaking it down a bit further, the company offers a&nbsp;cloud-based security system&nbsp;that’s capable of intertwining with on-site applications. It’s designed to support modern work-based ecosystems that frequently rely on a combination of multiple cloud applications, user devices like laptops and phones, as well as external users’ (customers or business partners) systems and&nbsp;own custom apps.\nThe more “inhabitants” in the ecosystem, the greater the number of security risks it carries (and the more complex it becomes for IT teams to handle). So, rather than require multiple logins for each element and user, Okta links them through a single sign-on using its secure process. Okta also allows you to combine multi-factor authentication functionality with its customizable “Universal Directory.” Essentially, this helps IT teams determine the level of access per user within the entire system.\nThat’s a super fancy way of saying Okta’s services are a strong solution to your modern IT team’s day-to-day problems. According to the company, it enables companies to “[overcome] the economic and technological limitations of any legacy identity management scheme […] [they] are currently using.”\nThis is all highly relevant to the investment thesis behind OKTA stock. After all, its unique security solution is the lifeblood of the company’s future. And that future is bright.\nWith the onset of an increasingly remote workforce upon us, alongside the arrival of a“Cyber Pandemic,”— both of which were byproducts of the social impact of Covid-19 — IT solutions should remain hot commodities long-term. Consider the following:\n<ul>\n <li>“The percentage of workers permanently working from home is&nbsp;expected to doublein 2021.”</li>\n <li>“Worldwide cybercrime costs will hit&nbsp;$6 trillion annually by 2021.”</li>\n <li>“Security services accounted for an estimated 50% of cybersecurity budgets in 2020.”</li>\n <li>Looking at the frequency of ransomware attacks alone, the rate has increased from one every 40 seconds in 2016 to an attack&nbsp;every 11 seconds in 2021.</li>\n</ul>\nClearly, companies are now willing to fork out the dough to stay safe. And the need for this safety is only growing. All of this should keep Okta in business for years to come. It should also help drive OKTA stock over a longer-term time frame.\nBut, as with most investment cases, things aren’t&nbsp;that&nbsp;simple.\nThe Downsides with Okta\nWhile OKTA stock had a strong run in 2020 (a 115% increase), it’s down about 10% so far in 2021. Much of that could be attributed to the pandemic catalyst tapering off. However, slowing revenue growth is another likely cause.\nLast year, Okta experienced massive 40% growth. The company now&nbsp;projects 30% revenue growth&nbsp;for next year. AsThe Motley Fool’s&nbsp;Travis Hoium&nbsp;explains, “with&nbsp;growth stocks, any reduction in the expected growth rate of the company can cause shares to plummet.”\nThe difference between 30% and 40% growth might not seem significant to some. However, several analysts issued price-target downgrades on the news earlier this year. Piper Sandler issued a cut to $235 from their $250 price target (a 6% reduction). Likewise, BMO Capital Markets changed its target from $285 to $265 (a 7% reduction).\nThe reduced growth projections (alongside dwindling post-pandemic hype) is a large reason for Okta’s pain in 2021. But there are also valuation concerns to contend with. At the start of the year, tech stocks suffered a selloff. Much of that’s due to inflated valuations within the space and continuing&nbsp;concerns that we’re in a tech bubble.\nWhether or not you agree with that broader market assessment, many argue that the valuation for OKTA stock is&nbsp;pricey relative to its peers. Plus, this concern gains further traction when you consider the following: “More than 70 percent&nbsp;of security executives believe that their budgets for fiscal year 2021 will shrink.” If these executives are correct, that could intensify the prospective reduction in Okta’s growth.\nIs OKTA Stock an Ugly Buy?\nThat certainly puts a dent in the bullish case for OKTA stock. But I don’t think it should be taken as a sign of complete doom.\nWhen it comes to Okta, there’s nothing exceptionallyuglyabout the company. However, the valuation and growth concerns are legitimate, depending on what you expect from the stock. As such, there are at least two core questions to ask yourself moving forward:\n<ul>\n <li>Do you expect Okta to continue growing near the 40% rate it enjoyed last year?Okta projects a 10% reduction in growth and this coincides with the anticipated reduction in security budgets for 2021 (70%-plus of executives expect this to happen). If you’re looking for Okta to keep growing at a higher rate, then it might be time to walk away.</li>\n <li>Do you believe in Okta’s long-term viability?As mentioned earlier, the world is only getting more remote and IT security systems are only getting more intricate and necessary. Okta is a key player in this space and its services are generally well-regarded. If it continues to produce high-quality solutions, the company should have a strong foundation for continued growth (albeit at a less impressive rate).</li>\n</ul>\nUltimately, when it comes to OKTA stock, I don’t think there’s reason to drop it. Unless, of course, you’re seeking more impressive growth narratives. Moving forward, longer-term investors ought to pay close attention to its continued viability to compete successfully in the cybersecurity space.","source":"lsy1606302653667","collect":0,"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>Downtrodden Okta Stock Still Has a Chance to Shine Again</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\">\nDowntrodden Okta Stock Still Has a Chance to Shine Again\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-18 08:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/06/downtrodden-okta-stock-still-has-chance-to-shine-again/>InvestorPlace</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nOKTA stock is a well-positioned player in the increasingly hot cybersecurity space\nIn May 2021, multiple accounts associated with hacking group DarkSide received $4.4 million worth of ransom in ...\n\n<a href=\"https://investorplace.com/2021/06/downtrodden-okta-stock-still-has-chance-to-shine-again/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"OKTA":"Okta Inc."},"source_url":"https://investorplace.com/2021/06/downtrodden-okta-stock-still-has-chance-to-shine-again/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197275653","content_text":"OKTA stock is a well-positioned player in the increasingly hot cybersecurity space\nIn May 2021, multiple accounts associated with hacking group DarkSide received $4.4 million worth of ransom in Bitcoin(CCC:BTC-USD) after a cyberattack on the Colonial Pipeline. The impact of this attack led to a significant increase in gas prices. It also left some stations on the East Coast empty for a period. Ultimately, this event thrust cybersecurity stocks like Okta(NASDAQ:OKTA) stock back into the spotlight.\nYou might be quick to add OKTA stock to your list of cybersecurity companies to buy after this attack. After all, it’s a company that specializes in identity security. However, the bullish case doesn’t come without some challenges.\nSo, here’s a closer look at whether Okta is worth buying in 2021.\nOKTA Stock Has Ongoing Advantages\nWhile some investing trends come and go (just take a look at the whacky ridememe stockshave been going on), one thing is guaranteed moving forward. Cybersecurity — and the companies that specialize in the space — will remain invaluable.\nIn our increasingly hyper-connected world, the need for digital security services has no end. When it comes to Okta’s offerings in this space, it provides high-quality security solutions to identity protection.\nBreaking it down a bit further, the company offers a cloud-based security system that’s capable of intertwining with on-site applications. It’s designed to support modern work-based ecosystems that frequently rely on a combination of multiple cloud applications, user devices like laptops and phones, as well as external users’ (customers or business partners) systems and own custom apps.\nThe more “inhabitants” in the ecosystem, the greater the number of security risks it carries (and the more complex it becomes for IT teams to handle). So, rather than require multiple logins for each element and user, Okta links them through a single sign-on using its secure process. Okta also allows you to combine multi-factor authentication functionality with its customizable “Universal Directory.” Essentially, this helps IT teams determine the level of access per user within the entire system.\nThat’s a super fancy way of saying Okta’s services are a strong solution to your modern IT team’s day-to-day problems. According to the company, it enables companies to “[overcome] the economic and technological limitations of any legacy identity management scheme […] [they] are currently using.”\nThis is all highly relevant to the investment thesis behind OKTA stock. After all, its unique security solution is the lifeblood of the company’s future. And that future is bright.\nWith the onset of an increasingly remote workforce upon us, alongside the arrival of a“Cyber Pandemic,”— both of which were byproducts of the social impact of Covid-19 — IT solutions should remain hot commodities long-term. Consider the following:\n\n“The percentage of workers permanently working from home is expected to doublein 2021.”\n“Worldwide cybercrime costs will hit $6 trillion annually by 2021.”\n“Security services accounted for an estimated 50% of cybersecurity budgets in 2020.”\nLooking at the frequency of ransomware attacks alone, the rate has increased from one every 40 seconds in 2016 to an attack every 11 seconds in 2021.\n\nClearly, companies are now willing to fork out the dough to stay safe. And the need for this safety is only growing. All of this should keep Okta in business for years to come. It should also help drive OKTA stock over a longer-term time frame.\nBut, as with most investment cases, things aren’t that simple.\nThe Downsides with Okta\nWhile OKTA stock had a strong run in 2020 (a 115% increase), it’s down about 10% so far in 2021. Much of that could be attributed to the pandemic catalyst tapering off. However, slowing revenue growth is another likely cause.\nLast year, Okta experienced massive 40% growth. The company now projects 30% revenue growth for next year. AsThe Motley Fool’s Travis Hoium explains, “with growth stocks, any reduction in the expected growth rate of the company can cause shares to plummet.”\nThe difference between 30% and 40% growth might not seem significant to some. However, several analysts issued price-target downgrades on the news earlier this year. Piper Sandler issued a cut to $235 from their $250 price target (a 6% reduction). Likewise, BMO Capital Markets changed its target from $285 to $265 (a 7% reduction).\nThe reduced growth projections (alongside dwindling post-pandemic hype) is a large reason for Okta’s pain in 2021. But there are also valuation concerns to contend with. At the start of the year, tech stocks suffered a selloff. Much of that’s due to inflated valuations within the space and continuing concerns that we’re in a tech bubble.\nWhether or not you agree with that broader market assessment, many argue that the valuation for OKTA stock is pricey relative to its peers. Plus, this concern gains further traction when you consider the following: “More than 70 percent of security executives believe that their budgets for fiscal year 2021 will shrink.” If these executives are correct, that could intensify the prospective reduction in Okta’s growth.\nIs OKTA Stock an Ugly Buy?\nThat certainly puts a dent in the bullish case for OKTA stock. But I don’t think it should be taken as a sign of complete doom.\nWhen it comes to Okta, there’s nothing exceptionallyuglyabout the company. However, the valuation and growth concerns are legitimate, depending on what you expect from the stock. As such, there are at least two core questions to ask yourself moving forward:\n\nDo you expect Okta to continue growing near the 40% rate it enjoyed last year?Okta projects a 10% reduction in growth and this coincides with the anticipated reduction in security budgets for 2021 (70%-plus of executives expect this to happen). If you’re looking for Okta to keep growing at a higher rate, then it might be time to walk away.\nDo you believe in Okta’s long-term viability?As mentioned earlier, the world is only getting more remote and IT security systems are only getting more intricate and necessary. Okta is a key player in this space and its services are generally well-regarded. If it continues to produce high-quality solutions, the company should have a strong foundation for continued growth (albeit at a less impressive rate).\n\nUltimately, when it comes to OKTA stock, I don’t think there’s reason to drop it. Unless, of course, you’re seeking more impressive growth narratives. Moving forward, longer-term investors ought to pay close attention to its continued viability to compete successfully in the cybersecurity space.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4853404,"gmtCreate":1623977590020,"gmtModify":1663229222630,"authorId":3574590868618035,"author":{"id":3574590868618035,"idStr":"3574590868618035","authorId":3574590868618035,"name":"Matt157","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":168245788,"type":1,"supId":0,"prevId":0,"content":"Yes","text":"Yes","html":"Yes"}],"langContent":"EN"},{"id":168246845,"gmtCreate":1623977356587,"gmtModify":1703825164031,"author":{"id":"3584102971420376","authorId":"3584102971420376","name":"BenYSLim","avatar":"https://static.tigerbbs.com/94898501beebba354d54215388e5f9d1","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3584102971420376","authorIdStr":"3584102971420376"},"htmlText":"How to get my post featured? Like n comment","listText":"How to get my post featured? Like n comment","text":"How to get my post featured? Like n comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/168246845","repostId":1197275653,"repostType":4,"repost":{"id":"1197275653","kind":"news","pubTimestamp":1623976968,"share":"https://ttm.financial/m/news/1197275653?lang=&edition=fundamental","pubTime":"2021-06-18 08:42","market":"us","language":"en","title":"Downtrodden Okta Stock Still Has a Chance to Shine Again","url":"https://stock-news.laohu8.com/highlight/detail?id=1197275653","media":"InvestorPlace","summary":"OKTA stock is a well-positioned player in the increasingly hot cybersecurity space\nIn May 2021, mult","content":"OKTA stock is a well-positioned player in the increasingly hot cybersecurity space\nIn May 2021, multiple accounts associated with hacking group DarkSide received $4.4 million worth of ransom in&nbsp;Bitcoin(CCC:BTC-USD) after a cyberattack on the Colonial Pipeline. The impact of this attack led to a significant increase in gas prices. It also left some stations on the East Coast empty for a period. Ultimately, this event thrust&nbsp;cybersecurity stocks&nbsp;like&nbsp;Okta(NASDAQ:OKTA) stock back into the spotlight.\nYou might be quick to add OKTA stock to your list of cybersecurity companies to buy after this attack. After all, it’s a company that specializes in identity security. However, the bullish case doesn’t come without some challenges.\nSo, here’s a closer look at whether Okta is worth buying in 2021.\nOKTA Stock Has Ongoing Advantages\nWhile some investing trends come and go (just take a look at the whacky ridememe stockshave been going on), one thing is guaranteed moving forward. Cybersecurity — and the companies that specialize in the space — will&nbsp;remain&nbsp;invaluable.\nIn our increasingly hyper-connected world, the need for digital security services has no end. When it comes to Okta’s offerings in this space, it provides&nbsp;high-quality security solutions&nbsp;to identity protection.\nBreaking it down a bit further, the company offers a&nbsp;cloud-based security system&nbsp;that’s capable of intertwining with on-site applications. It’s designed to support modern work-based ecosystems that frequently rely on a combination of multiple cloud applications, user devices like laptops and phones, as well as external users’ (customers or business partners) systems and&nbsp;own custom apps.\nThe more “inhabitants” in the ecosystem, the greater the number of security risks it carries (and the more complex it becomes for IT teams to handle). So, rather than require multiple logins for each element and user, Okta links them through a single sign-on using its secure process. Okta also allows you to combine multi-factor authentication functionality with its customizable “Universal Directory.” Essentially, this helps IT teams determine the level of access per user within the entire system.\nThat’s a super fancy way of saying Okta’s services are a strong solution to your modern IT team’s day-to-day problems. According to the company, it enables companies to “[overcome] the economic and technological limitations of any legacy identity management scheme […] [they] are currently using.”\nThis is all highly relevant to the investment thesis behind OKTA stock. After all, its unique security solution is the lifeblood of the company’s future. And that future is bright.\nWith the onset of an increasingly remote workforce upon us, alongside the arrival of a“Cyber Pandemic,”— both of which were byproducts of the social impact of Covid-19 — IT solutions should remain hot commodities long-term. Consider the following:\n<ul>\n <li>“The percentage of workers permanently working from home is&nbsp;expected to doublein 2021.”</li>\n <li>“Worldwide cybercrime costs will hit&nbsp;$6 trillion annually by 2021.”</li>\n <li>“Security services accounted for an estimated 50% of cybersecurity budgets in 2020.”</li>\n <li>Looking at the frequency of ransomware attacks alone, the rate has increased from one every 40 seconds in 2016 to an attack&nbsp;every 11 seconds in 2021.</li>\n</ul>\nClearly, companies are now willing to fork out the dough to stay safe. And the need for this safety is only growing. All of this should keep Okta in business for years to come. It should also help drive OKTA stock over a longer-term time frame.\nBut, as with most investment cases, things aren’t&nbsp;that&nbsp;simple.\nThe Downsides with Okta\nWhile OKTA stock had a strong run in 2020 (a 115% increase), it’s down about 10% so far in 2021. Much of that could be attributed to the pandemic catalyst tapering off. However, slowing revenue growth is another likely cause.\nLast year, Okta experienced massive 40% growth. The company now&nbsp;projects 30% revenue growth&nbsp;for next year. AsThe Motley Fool’s&nbsp;Travis Hoium&nbsp;explains, “with&nbsp;growth stocks, any reduction in the expected growth rate of the company can cause shares to plummet.”\nThe difference between 30% and 40% growth might not seem significant to some. However, several analysts issued price-target downgrades on the news earlier this year. Piper Sandler issued a cut to $235 from their $250 price target (a 6% reduction). Likewise, BMO Capital Markets changed its target from $285 to $265 (a 7% reduction).\nThe reduced growth projections (alongside dwindling post-pandemic hype) is a large reason for Okta’s pain in 2021. But there are also valuation concerns to contend with. At the start of the year, tech stocks suffered a selloff. Much of that’s due to inflated valuations within the space and continuing&nbsp;concerns that we’re in a tech bubble.\nWhether or not you agree with that broader market assessment, many argue that the valuation for OKTA stock is&nbsp;pricey relative to its peers. Plus, this concern gains further traction when you consider the following: “More than 70 percent&nbsp;of security executives believe that their budgets for fiscal year 2021 will shrink.” If these executives are correct, that could intensify the prospective reduction in Okta’s growth.\nIs OKTA Stock an Ugly Buy?\nThat certainly puts a dent in the bullish case for OKTA stock. But I don’t think it should be taken as a sign of complete doom.\nWhen it comes to Okta, there’s nothing exceptionallyuglyabout the company. However, the valuation and growth concerns are legitimate, depending on what you expect from the stock. As such, there are at least two core questions to ask yourself moving forward:\n<ul>\n <li>Do you expect Okta to continue growing near the 40% rate it enjoyed last year?Okta projects a 10% reduction in growth and this coincides with the anticipated reduction in security budgets for 2021 (70%-plus of executives expect this to happen). If you’re looking for Okta to keep growing at a higher rate, then it might be time to walk away.</li>\n <li>Do you believe in Okta’s long-term viability?As mentioned earlier, the world is only getting more remote and IT security systems are only getting more intricate and necessary. Okta is a key player in this space and its services are generally well-regarded. If it continues to produce high-quality solutions, the company should have a strong foundation for continued growth (albeit at a less impressive rate).</li>\n</ul>\nUltimately, when it comes to OKTA stock, I don’t think there’s reason to drop it. Unless, of course, you’re seeking more impressive growth narratives. Moving forward, longer-term investors ought to pay close attention to its continued viability to compete successfully in the cybersecurity space.","source":"lsy1606302653667","collect":0,"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>Downtrodden Okta Stock Still Has a Chance to Shine Again</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\">\nDowntrodden Okta Stock Still Has a Chance to Shine Again\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-18 08:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/06/downtrodden-okta-stock-still-has-chance-to-shine-again/>InvestorPlace</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nOKTA stock is a well-positioned player in the increasingly hot cybersecurity space\nIn May 2021, multiple accounts associated with hacking group DarkSide received $4.4 million worth of ransom in ...\n\n<a href=\"https://investorplace.com/2021/06/downtrodden-okta-stock-still-has-chance-to-shine-again/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"OKTA":"Okta Inc."},"source_url":"https://investorplace.com/2021/06/downtrodden-okta-stock-still-has-chance-to-shine-again/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197275653","content_text":"OKTA stock is a well-positioned player in the increasingly hot cybersecurity space\nIn May 2021, multiple accounts associated with hacking group DarkSide received $4.4 million worth of ransom in Bitcoin(CCC:BTC-USD) after a cyberattack on the Colonial Pipeline. The impact of this attack led to a significant increase in gas prices. It also left some stations on the East Coast empty for a period. Ultimately, this event thrust cybersecurity stocks like Okta(NASDAQ:OKTA) stock back into the spotlight.\nYou might be quick to add OKTA stock to your list of cybersecurity companies to buy after this attack. After all, it’s a company that specializes in identity security. However, the bullish case doesn’t come without some challenges.\nSo, here’s a closer look at whether Okta is worth buying in 2021.\nOKTA Stock Has Ongoing Advantages\nWhile some investing trends come and go (just take a look at the whacky ridememe stockshave been going on), one thing is guaranteed moving forward. Cybersecurity — and the companies that specialize in the space — will remain invaluable.\nIn our increasingly hyper-connected world, the need for digital security services has no end. When it comes to Okta’s offerings in this space, it provides high-quality security solutions to identity protection.\nBreaking it down a bit further, the company offers a cloud-based security system that’s capable of intertwining with on-site applications. It’s designed to support modern work-based ecosystems that frequently rely on a combination of multiple cloud applications, user devices like laptops and phones, as well as external users’ (customers or business partners) systems and own custom apps.\nThe more “inhabitants” in the ecosystem, the greater the number of security risks it carries (and the more complex it becomes for IT teams to handle). So, rather than require multiple logins for each element and user, Okta links them through a single sign-on using its secure process. Okta also allows you to combine multi-factor authentication functionality with its customizable “Universal Directory.” Essentially, this helps IT teams determine the level of access per user within the entire system.\nThat’s a super fancy way of saying Okta’s services are a strong solution to your modern IT team’s day-to-day problems. According to the company, it enables companies to “[overcome] the economic and technological limitations of any legacy identity management scheme […] [they] are currently using.”\nThis is all highly relevant to the investment thesis behind OKTA stock. After all, its unique security solution is the lifeblood of the company’s future. And that future is bright.\nWith the onset of an increasingly remote workforce upon us, alongside the arrival of a“Cyber Pandemic,”— both of which were byproducts of the social impact of Covid-19 — IT solutions should remain hot commodities long-term. Consider the following:\n\n“The percentage of workers permanently working from home is expected to doublein 2021.”\n“Worldwide cybercrime costs will hit $6 trillion annually by 2021.”\n“Security services accounted for an estimated 50% of cybersecurity budgets in 2020.”\nLooking at the frequency of ransomware attacks alone, the rate has increased from one every 40 seconds in 2016 to an attack every 11 seconds in 2021.\n\nClearly, companies are now willing to fork out the dough to stay safe. And the need for this safety is only growing. All of this should keep Okta in business for years to come. It should also help drive OKTA stock over a longer-term time frame.\nBut, as with most investment cases, things aren’t that simple.\nThe Downsides with Okta\nWhile OKTA stock had a strong run in 2020 (a 115% increase), it’s down about 10% so far in 2021. Much of that could be attributed to the pandemic catalyst tapering off. However, slowing revenue growth is another likely cause.\nLast year, Okta experienced massive 40% growth. The company now projects 30% revenue growth for next year. AsThe Motley Fool’s Travis Hoium explains, “with growth stocks, any reduction in the expected growth rate of the company can cause shares to plummet.”\nThe difference between 30% and 40% growth might not seem significant to some. However, several analysts issued price-target downgrades on the news earlier this year. Piper Sandler issued a cut to $235 from their $250 price target (a 6% reduction). Likewise, BMO Capital Markets changed its target from $285 to $265 (a 7% reduction).\nThe reduced growth projections (alongside dwindling post-pandemic hype) is a large reason for Okta’s pain in 2021. But there are also valuation concerns to contend with. At the start of the year, tech stocks suffered a selloff. Much of that’s due to inflated valuations within the space and continuing concerns that we’re in a tech bubble.\nWhether or not you agree with that broader market assessment, many argue that the valuation for OKTA stock is pricey relative to its peers. Plus, this concern gains further traction when you consider the following: “More than 70 percent of security executives believe that their budgets for fiscal year 2021 will shrink.” If these executives are correct, that could intensify the prospective reduction in Okta’s growth.\nIs OKTA Stock an Ugly Buy?\nThat certainly puts a dent in the bullish case for OKTA stock. But I don’t think it should be taken as a sign of complete doom.\nWhen it comes to Okta, there’s nothing exceptionallyuglyabout the company. However, the valuation and growth concerns are legitimate, depending on what you expect from the stock. As such, there are at least two core questions to ask yourself moving forward:\n\nDo you expect Okta to continue growing near the 40% rate it enjoyed last year?Okta projects a 10% reduction in growth and this coincides with the anticipated reduction in security budgets for 2021 (70%-plus of executives expect this to happen). If you’re looking for Okta to keep growing at a higher rate, then it might be time to walk away.\nDo you believe in Okta’s long-term viability?As mentioned earlier, the world is only getting more remote and IT security systems are only getting more intricate and necessary. Okta is a key player in this space and its services are generally well-regarded. If it continues to produce high-quality solutions, the company should have a strong foundation for continued growth (albeit at a less impressive rate).\n\nUltimately, when it comes to OKTA stock, I don’t think there’s reason to drop it. Unless, of course, you’re seeking more impressive growth narratives. Moving forward, longer-term investors ought to pay close attention to its continued viability to compete successfully in the cybersecurity space.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4853999,"gmtCreate":1623978668614,"gmtModify":1663229226340,"authorId":3581711485322302,"author":{"id":3581711485322302,"idStr":"3581711485322302","authorId":3581711485322302,"name":"vivo8787","avatar":"https://static.tigerbbs.com/b863ab23ed789e4cdcd83c9777c2cbae","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":168246845,"type":1,"supId":0,"prevId":0,"content":"Wish to know also. Thank!","text":"Wish to know also. Thank!","html":"Wish to know also. Thank!"}],"langContent":"EN"},{"id":168249510,"gmtCreate":1623977252330,"gmtModify":1703825158432,"author":{"id":"3572491001882551","authorId":"3572491001882551","name":"PKLim","avatar":"https://static.tigerbbs.com/fd59d359589b55bc6c2e8e1c92a14009","vip":1,"crmLevel":5,"crmLevelSwitch":1,"idStr":"3572491001882551","authorIdStr":"3572491001882551"},"htmlText":"Great. Please like n comment","listText":"Great. Please like n comment","text":"Great. Please like n comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/168249510","repostId":1197275653,"repostType":4,"repost":{"id":"1197275653","kind":"news","pubTimestamp":1623976968,"share":"https://ttm.financial/m/news/1197275653?lang=&edition=fundamental","pubTime":"2021-06-18 08:42","market":"us","language":"en","title":"Downtrodden Okta Stock Still Has a Chance to Shine Again","url":"https://stock-news.laohu8.com/highlight/detail?id=1197275653","media":"InvestorPlace","summary":"OKTA stock is a well-positioned player in the increasingly hot cybersecurity space\nIn May 2021, mult","content":"OKTA stock is a well-positioned player in the increasingly hot cybersecurity space\nIn May 2021, multiple accounts associated with hacking group DarkSide received $4.4 million worth of ransom in&nbsp;Bitcoin(CCC:BTC-USD) after a cyberattack on the Colonial Pipeline. The impact of this attack led to a significant increase in gas prices. It also left some stations on the East Coast empty for a period. Ultimately, this event thrust&nbsp;cybersecurity stocks&nbsp;like&nbsp;Okta(NASDAQ:OKTA) stock back into the spotlight.\nYou might be quick to add OKTA stock to your list of cybersecurity companies to buy after this attack. After all, it’s a company that specializes in identity security. However, the bullish case doesn’t come without some challenges.\nSo, here’s a closer look at whether Okta is worth buying in 2021.\nOKTA Stock Has Ongoing Advantages\nWhile some investing trends come and go (just take a look at the whacky ridememe stockshave been going on), one thing is guaranteed moving forward. Cybersecurity — and the companies that specialize in the space — will&nbsp;remain&nbsp;invaluable.\nIn our increasingly hyper-connected world, the need for digital security services has no end. When it comes to Okta’s offerings in this space, it provides&nbsp;high-quality security solutions&nbsp;to identity protection.\nBreaking it down a bit further, the company offers a&nbsp;cloud-based security system&nbsp;that’s capable of intertwining with on-site applications. It’s designed to support modern work-based ecosystems that frequently rely on a combination of multiple cloud applications, user devices like laptops and phones, as well as external users’ (customers or business partners) systems and&nbsp;own custom apps.\nThe more “inhabitants” in the ecosystem, the greater the number of security risks it carries (and the more complex it becomes for IT teams to handle). So, rather than require multiple logins for each element and user, Okta links them through a single sign-on using its secure process. Okta also allows you to combine multi-factor authentication functionality with its customizable “Universal Directory.” Essentially, this helps IT teams determine the level of access per user within the entire system.\nThat’s a super fancy way of saying Okta’s services are a strong solution to your modern IT team’s day-to-day problems. According to the company, it enables companies to “[overcome] the economic and technological limitations of any legacy identity management scheme […] [they] are currently using.”\nThis is all highly relevant to the investment thesis behind OKTA stock. After all, its unique security solution is the lifeblood of the company’s future. And that future is bright.\nWith the onset of an increasingly remote workforce upon us, alongside the arrival of a“Cyber Pandemic,”— both of which were byproducts of the social impact of Covid-19 — IT solutions should remain hot commodities long-term. Consider the following:\n<ul>\n <li>“The percentage of workers permanently working from home is&nbsp;expected to doublein 2021.”</li>\n <li>“Worldwide cybercrime costs will hit&nbsp;$6 trillion annually by 2021.”</li>\n <li>“Security services accounted for an estimated 50% of cybersecurity budgets in 2020.”</li>\n <li>Looking at the frequency of ransomware attacks alone, the rate has increased from one every 40 seconds in 2016 to an attack&nbsp;every 11 seconds in 2021.</li>\n</ul>\nClearly, companies are now willing to fork out the dough to stay safe. And the need for this safety is only growing. All of this should keep Okta in business for years to come. It should also help drive OKTA stock over a longer-term time frame.\nBut, as with most investment cases, things aren’t&nbsp;that&nbsp;simple.\nThe Downsides with Okta\nWhile OKTA stock had a strong run in 2020 (a 115% increase), it’s down about 10% so far in 2021. Much of that could be attributed to the pandemic catalyst tapering off. However, slowing revenue growth is another likely cause.\nLast year, Okta experienced massive 40% growth. The company now&nbsp;projects 30% revenue growth&nbsp;for next year. AsThe Motley Fool’s&nbsp;Travis Hoium&nbsp;explains, “with&nbsp;growth stocks, any reduction in the expected growth rate of the company can cause shares to plummet.”\nThe difference between 30% and 40% growth might not seem significant to some. However, several analysts issued price-target downgrades on the news earlier this year. Piper Sandler issued a cut to $235 from their $250 price target (a 6% reduction). Likewise, BMO Capital Markets changed its target from $285 to $265 (a 7% reduction).\nThe reduced growth projections (alongside dwindling post-pandemic hype) is a large reason for Okta’s pain in 2021. But there are also valuation concerns to contend with. At the start of the year, tech stocks suffered a selloff. Much of that’s due to inflated valuations within the space and continuing&nbsp;concerns that we’re in a tech bubble.\nWhether or not you agree with that broader market assessment, many argue that the valuation for OKTA stock is&nbsp;pricey relative to its peers. Plus, this concern gains further traction when you consider the following: “More than 70 percent&nbsp;of security executives believe that their budgets for fiscal year 2021 will shrink.” If these executives are correct, that could intensify the prospective reduction in Okta’s growth.\nIs OKTA Stock an Ugly Buy?\nThat certainly puts a dent in the bullish case for OKTA stock. But I don’t think it should be taken as a sign of complete doom.\nWhen it comes to Okta, there’s nothing exceptionallyuglyabout the company. However, the valuation and growth concerns are legitimate, depending on what you expect from the stock. As such, there are at least two core questions to ask yourself moving forward:\n<ul>\n <li>Do you expect Okta to continue growing near the 40% rate it enjoyed last year?Okta projects a 10% reduction in growth and this coincides with the anticipated reduction in security budgets for 2021 (70%-plus of executives expect this to happen). If you’re looking for Okta to keep growing at a higher rate, then it might be time to walk away.</li>\n <li>Do you believe in Okta’s long-term viability?As mentioned earlier, the world is only getting more remote and IT security systems are only getting more intricate and necessary. Okta is a key player in this space and its services are generally well-regarded. If it continues to produce high-quality solutions, the company should have a strong foundation for continued growth (albeit at a less impressive rate).</li>\n</ul>\nUltimately, when it comes to OKTA stock, I don’t think there’s reason to drop it. Unless, of course, you’re seeking more impressive growth narratives. Moving forward, longer-term investors ought to pay close attention to its continued viability to compete successfully in the cybersecurity space.","source":"lsy1606302653667","collect":0,"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>Downtrodden Okta Stock Still Has a Chance to Shine Again</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\">\nDowntrodden Okta Stock Still Has a Chance to Shine Again\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-18 08:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/06/downtrodden-okta-stock-still-has-chance-to-shine-again/>InvestorPlace</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nOKTA stock is a well-positioned player in the increasingly hot cybersecurity space\nIn May 2021, multiple accounts associated with hacking group DarkSide received $4.4 million worth of ransom in ...\n\n<a href=\"https://investorplace.com/2021/06/downtrodden-okta-stock-still-has-chance-to-shine-again/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"OKTA":"Okta Inc."},"source_url":"https://investorplace.com/2021/06/downtrodden-okta-stock-still-has-chance-to-shine-again/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197275653","content_text":"OKTA stock is a well-positioned player in the increasingly hot cybersecurity space\nIn May 2021, multiple accounts associated with hacking group DarkSide received $4.4 million worth of ransom in Bitcoin(CCC:BTC-USD) after a cyberattack on the Colonial Pipeline. The impact of this attack led to a significant increase in gas prices. It also left some stations on the East Coast empty for a period. Ultimately, this event thrust cybersecurity stocks like Okta(NASDAQ:OKTA) stock back into the spotlight.\nYou might be quick to add OKTA stock to your list of cybersecurity companies to buy after this attack. After all, it’s a company that specializes in identity security. However, the bullish case doesn’t come without some challenges.\nSo, here’s a closer look at whether Okta is worth buying in 2021.\nOKTA Stock Has Ongoing Advantages\nWhile some investing trends come and go (just take a look at the whacky ridememe stockshave been going on), one thing is guaranteed moving forward. Cybersecurity — and the companies that specialize in the space — will remain invaluable.\nIn our increasingly hyper-connected world, the need for digital security services has no end. When it comes to Okta’s offerings in this space, it provides high-quality security solutions to identity protection.\nBreaking it down a bit further, the company offers a cloud-based security system that’s capable of intertwining with on-site applications. It’s designed to support modern work-based ecosystems that frequently rely on a combination of multiple cloud applications, user devices like laptops and phones, as well as external users’ (customers or business partners) systems and own custom apps.\nThe more “inhabitants” in the ecosystem, the greater the number of security risks it carries (and the more complex it becomes for IT teams to handle). So, rather than require multiple logins for each element and user, Okta links them through a single sign-on using its secure process. Okta also allows you to combine multi-factor authentication functionality with its customizable “Universal Directory.” Essentially, this helps IT teams determine the level of access per user within the entire system.\nThat’s a super fancy way of saying Okta’s services are a strong solution to your modern IT team’s day-to-day problems. According to the company, it enables companies to “[overcome] the economic and technological limitations of any legacy identity management scheme […] [they] are currently using.”\nThis is all highly relevant to the investment thesis behind OKTA stock. After all, its unique security solution is the lifeblood of the company’s future. And that future is bright.\nWith the onset of an increasingly remote workforce upon us, alongside the arrival of a“Cyber Pandemic,”— both of which were byproducts of the social impact of Covid-19 — IT solutions should remain hot commodities long-term. Consider the following:\n\n“The percentage of workers permanently working from home is expected to doublein 2021.”\n“Worldwide cybercrime costs will hit $6 trillion annually by 2021.”\n“Security services accounted for an estimated 50% of cybersecurity budgets in 2020.”\nLooking at the frequency of ransomware attacks alone, the rate has increased from one every 40 seconds in 2016 to an attack every 11 seconds in 2021.\n\nClearly, companies are now willing to fork out the dough to stay safe. And the need for this safety is only growing. All of this should keep Okta in business for years to come. It should also help drive OKTA stock over a longer-term time frame.\nBut, as with most investment cases, things aren’t that simple.\nThe Downsides with Okta\nWhile OKTA stock had a strong run in 2020 (a 115% increase), it’s down about 10% so far in 2021. Much of that could be attributed to the pandemic catalyst tapering off. However, slowing revenue growth is another likely cause.\nLast year, Okta experienced massive 40% growth. The company now projects 30% revenue growth for next year. AsThe Motley Fool’s Travis Hoium explains, “with growth stocks, any reduction in the expected growth rate of the company can cause shares to plummet.”\nThe difference between 30% and 40% growth might not seem significant to some. However, several analysts issued price-target downgrades on the news earlier this year. Piper Sandler issued a cut to $235 from their $250 price target (a 6% reduction). Likewise, BMO Capital Markets changed its target from $285 to $265 (a 7% reduction).\nThe reduced growth projections (alongside dwindling post-pandemic hype) is a large reason for Okta’s pain in 2021. But there are also valuation concerns to contend with. At the start of the year, tech stocks suffered a selloff. Much of that’s due to inflated valuations within the space and continuing concerns that we’re in a tech bubble.\nWhether or not you agree with that broader market assessment, many argue that the valuation for OKTA stock is pricey relative to its peers. Plus, this concern gains further traction when you consider the following: “More than 70 percent of security executives believe that their budgets for fiscal year 2021 will shrink.” If these executives are correct, that could intensify the prospective reduction in Okta’s growth.\nIs OKTA Stock an Ugly Buy?\nThat certainly puts a dent in the bullish case for OKTA stock. But I don’t think it should be taken as a sign of complete doom.\nWhen it comes to Okta, there’s nothing exceptionallyuglyabout the company. However, the valuation and growth concerns are legitimate, depending on what you expect from the stock. As such, there are at least two core questions to ask yourself moving forward:\n\nDo you expect Okta to continue growing near the 40% rate it enjoyed last year?Okta projects a 10% reduction in growth and this coincides with the anticipated reduction in security budgets for 2021 (70%-plus of executives expect this to happen). If you’re looking for Okta to keep growing at a higher rate, then it might be time to walk away.\nDo you believe in Okta’s long-term viability?As mentioned earlier, the world is only getting more remote and IT security systems are only getting more intricate and necessary. Okta is a key player in this space and its services are generally well-regarded. If it continues to produce high-quality solutions, the company should have a strong foundation for continued growth (albeit at a less impressive rate).\n\nUltimately, when it comes to OKTA stock, I don’t think there’s reason to drop it. Unless, of course, you’re seeking more impressive growth narratives. Moving forward, longer-term investors ought to pay close attention to its continued viability to compete successfully in the cybersecurity space.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4853729,"gmtCreate":1623978261161,"gmtModify":1663229224439,"authorId":3572491001882551,"author":{"id":3572491001882551,"idStr":"3572491001882551","authorId":3572491001882551,"name":"PKLim","avatar":"https://static.tigerbbs.com/fd59d359589b55bc6c2e8e1c92a14009","vip":1,"crmLevel":5,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":3581947337293370,"repliedAuthor":{"id":3581947337293370,"idStr":"3581947337293370","authorId":3581947337293370,"name":"Ku9787","avatar":"https://static.tigerbbs.com/673e038dbe2974017866e5beb5d79032","vip":1,"crmLevel":8,"crmLevelSwitch":0,"individualDisplayBadges":[]},"objectId":168249510,"type":1,"supId":4853258,"prevId":4853324,"content":"[得意]","text":"[得意]","html":"[得意]"},{"id":4853324,"gmtCreate":1623977459259,"gmtModify":1663229224132,"authorId":3581947337293370,"author":{"id":3581947337293370,"idStr":"3581947337293370","authorId":3581947337293370,"name":"Ku9787","avatar":"https://static.tigerbbs.com/673e038dbe2974017866e5beb5d79032","vip":1,"crmLevel":8,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":3572491001882551,"repliedAuthor":{"id":3572491001882551,"idStr":"3572491001882551","authorId":3572491001882551,"name":"PKLim","avatar":"https://static.tigerbbs.com/fd59d359589b55bc6c2e8e1c92a14009","vip":1,"crmLevel":5,"crmLevelSwitch":1,"individualDisplayBadges":[]},"objectId":168249510,"type":1,"supId":4853258,"prevId":4853277,"content":"Done","text":"Done","html":"Done"},{"id":4853277,"gmtCreate":1623977389230,"gmtModify":1663229223933,"authorId":3572491001882551,"author":{"id":3572491001882551,"idStr":"3572491001882551","authorId":3572491001882551,"name":"PKLim","avatar":"https://static.tigerbbs.com/fd59d359589b55bc6c2e8e1c92a14009","vip":1,"crmLevel":5,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":168249510,"type":1,"supId":4853258,"prevId":0,"content":"thanks","text":"thanks","html":"thanks"},{"id":4853258,"gmtCreate":1623977333457,"gmtModify":1663229222341,"authorId":3584102971420376,"author":{"id":3584102971420376,"idStr":"3584102971420376","authorId":3584102971420376,"name":"BenYSLim","avatar":"https://static.tigerbbs.com/94898501beebba354d54215388e5f9d1","vip":1,"currentWearingBadge":{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a transaction","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":168249510,"type":1,"supId":0,"prevId":0,"content":"Like n commented","text":"Like n commented","html":"Like n commented"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":124,"commentSize":20,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}