Welcome to our dedicated page for Okta news (Ticker: OKTA), a resource for investors and traders seeking the latest updates and insights on Okta stock.
Okta Inc (OKTA) provides cloud-native identity management solutions that secure enterprise and customer access across digital ecosystems. This page serves as Stock Titan's definitive collection of official company announcements, financial updates, and market analysis related to Okta's operations.
Investors and professionals will find curated press releases covering product innovations, quarterly earnings, strategic partnerships, and cybersecurity initiatives. Our repository ensures timely access to material developments affecting Okta's market position in identity management and cloud security sectors.
Key focus areas include enterprise security updates, technology integrations, and compliance developments. All content is verified through primary sources to maintain accuracy and relevance for stakeholders monitoring OKTA's performance.
Bookmark this page for streamlined tracking of Okta's evolving role in securing digital transformations. Visit regularly to stay informed about critical developments shaping the identity management landscape.
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.
Okta, Inc. (NASDAQ:OKTA) announced plans to open an Experience Center in New York City's Flatiron District, covering over 6,500 square feet. This space aims to enhance customer engagement by providing an immersive environment for users to experience Okta's identity management solutions. The center will facilitate interactions among customers, partners, and employees, reflecting the company's commitment to customer satisfaction. The opening is scheduled for November 2022, marking a significant expansion in Okta's physical presence.
Auth0 Identity Platform, a unit of Okta, has launched the Auth0 Identity Platform on Microsoft Azure. This new cloud deployment option enhances customer choices and scalability while ensuring greater security and data residency capabilities. Organizations can now align their technology stack with Azure, streamlining their customer identity and access management needs. The solution is particularly beneficial for industries requiring stringent data control and compliance, such as retail and financial services. This offering was highlighted during Showcase21 on Oct. 13, 2021.
FAQ
What is the current stock price of Okta (OKTA)?
What is the market cap of Okta (OKTA)?
