Okta Inc Stock Price, News & Analysis

Okta, through its product unit Auth0, released the 2022 Public Sector Identity Index, a global report analyzing the identity maturity of public sector organizations. The report reveals that only 17% of respondents are confident in their authentication security. Additionally, 86% of citizens primarily use username/password for authentication, while 41% of governments are building in-house Identity and Access Management (IAM) solutions. Most respondents aim to expand digital services over the next two years, emphasizing the importance of protecting citizen data.

Okta, Inc. (NASDAQ: OKTA), a leading independent identity provider, announces that Eugenio Pace, Co-founder and CEO of Auth0, will present at the 24th Annual Needham Growth Conference on January 12, 2022. The presentation will be available via live webcast on Okta's investor relations website, with a replay accessible afterward. Okta's Identity Cloud connects over 14,000 organizations securely, including notable clients like JetBlue and Slack. For more information, visit investor.okta.com.

Okta, a leading identity provider, has joined the OpenID Foundation as a sustaining member, enhancing its role in the identity landscape. The move builds on years of collaboration with Auth0 and reflects Okta's commitment to identity standards like OpenID Connect. Key industry figures, including Gail Hodges and Karl McGuinness, highlighted the significance of Okta's contributions to modern identity ecosystems. This position aims to strengthen Okta's influence in evolving identity solutions globally.

Adaptive Shield has partnered with Okta to provide an integrated solution aimed at enhancing SaaS security and Identity and Access Management (IAM). This collaboration addresses the growing need for organizations to manage their SaaS security configurations effectively, especially as the threat landscape expands. Businesses will benefit from automated assessments of SaaS app settings, compliance benchmarking, and improved governance over privileged access. This joint offering aims to simplify and secure access to critical technologies, reinforcing Okta's commitment to safe technology use.

Okta, Inc. reported a strong Q3 2022 with total revenue reaching $351 million, up 61% year-over-year, and subscription revenue at $337 million, up 63%. Remaining Performance Obligations (RPO) increased 49% to $2.35 billion. The company anticipates total revenue of $358 million to $360 million for Q4, indicating a 53% growth year-over-year. However, the GAAP net loss was $221 million, with a loss per share of $1.44, including $120 million attributed to the Auth0 acquisition. Despite losses, Okta is positioned as a leader in the identity market, benefiting from the shift to Zero Trust security.

BlackBerry Limited announced a technology integration with Okta, Inc. to enhance enterprise security and productivity in the remote work environment. The integration combines Okta's Identity Cloud with BlackBerry's Unified Endpoint Management (UEM), enabling seamless authentication and optimal workforce productivity. BlackBerry UEM is recognized for its robust security measures, holding multiple government certifications. This partnership aims to empower organizations with a comprehensive solution for identity and access management, ensuring data protection while allowing employees to work from anywhere.

Okta, Inc. (NASDAQ: OKTA) is set to release its financial results for the third quarter of fiscal 2022 on December 1, 2021, after U.S. market close. The company will host a live video webcast at 2:00 p.m. Pacific time to discuss these results. As the leading independent identity provider, Okta connects people with the technologies they need, boasting over 13,050 clients worldwide. Investors can access the webcast and press release on Okta's investor relations website.

Okta's Auth0 Identity Platform has been selected as the identity provider for Wharton Interactive's new e-learning platform aimed at democratizing business education. This partnership will implement Single Sign-on (SSO) to enhance user experience by allowing seamless access across various applications. The initiative focuses on increasing accessibility to Ivy League education through immersive learning experiences. Sarah Toms, co-founder of Wharton Interactive, highlighted the swift partnership development, emphasizing the importance of security and usability in modern education.