Okta Inc Stock Price, News & Analysis

Okta, the leading independent identity provider, appointed Steve Rowland as Chief Revenue Officer, effective March 15, 2021. Rowland brings over 20 years of experience, previously serving at Splunk and DataStax. His role aims to enhance operational rigor and drive predictable revenue amidst evolving customer needs, including cloud migration and Zero Trust security. Rowland expressed confidence in Okta's potential to become the internet’s identity standard, emphasizing the importance of customer experiences and innovation in the company's growth strategy.

Okta, a top independent identity provider, has announced its participation in key investor conferences. Frederic Kerrest, Executive Vice Chairman and COO, will present at the Truist Securities Technology, Internet & Services Conference on March 9, 2021. Ryan Carlson, Chief Marketing Officer, is set to present at the Berenberg Cyber Security & DevOps Conference on March 12, 2021. These presentations will be available via live webcast on Okta's investor relations website, with replays accessible afterward. Okta's Identity Cloud supports over 10,000 organizations, ensuring secure technology access.

Okta, Inc. (NASDAQ:OKTA) announced expanded partnerships with Crate and Barrel and NTT DATA, enhancing their identity management solutions. The company reported reaching 10,000 customers by the end of Q4 FY2021, showcasing robust growth. Crate and Barrel aims to improve customer experience through Okta's Identity Cloud, while NTT DATA focuses on unifying identity solutions for its global operations. Both partnerships underline the increasing significance of secure identity strategies in modern business.

Okta (NASDAQ:OKTA) has announced its acquisition of Auth0, a leader in identity solutions, for approximately $6.5 billion in stock. This move aims to enhance Okta's position in the $55 billion identity market by combining their platforms, providing greater choice and capabilities for organizations. Auth0 will operate independently but benefit from integration with Okta's offerings. The deal, approved by both companies' boards, is expected to close in the second quarter of fiscal year 2022, pending regulatory approvals.

Okta, Inc. (Nasdaq: OKTA) reported strong financial results for the fourth quarter and fiscal year ended January 31, 2021. Fourth quarter revenue reached $234.7 million, a 40% year-over-year increase, with subscription revenue of $225.4 million, up 42%. Remaining Performance Obligations (RPO) grew by 49% to $1.80 billion. Despite a GAAP net loss of $75.8 million, Okta achieved a non-GAAP net income of $8.0 million. The company forecasts Q1 fiscal 2022 revenue between $237 million to $239 million and full-year revenue of $1.08 billion to $1.09 billion, reflecting strong growth prospects.

Okta, Inc. (NASDAQ: OKTA) has announced it will release its financial results for Q4 and fiscal year 2021, ending January 31, 2021, after U.S. market close on March 3, 2021. A video webcast is scheduled for the same day at 2:00 p.m. PT (5:00 p.m. ET) to discuss the results. The Okta Identity Cloud continues to enable over 9,400 organizations to securely connect their workforces with more than 6,500 pre-built integrations, showcasing its strong market position.

Okta, Inc. (NASDAQ: OKTA) announced participation in several upcoming investor conferences. Key events include:

• UBS Global TMT Virtual Conference: Frederic Kerrest, COO, presenting on December 9, 2020.
• Goldman Sachs Technology and Internet Conference: Todd McKinnon, CEO, presenting on January 12, 2021.
• 23rd Annual Needham Virtual Growth Conference: Bill Losch, CFO, presenting on January 14, 2021.

Live webcasts will be available on Okta's investor relations website, with replays following the events.

Okta, a leader in identity management, announced at AWS re:Invent 2020 that its Okta Identity Cloud is now available in the AWS Marketplace. This allows global customers to purchase identity products seamlessly while integrating with AWS services like AWS Control Tower. The partnership aims to streamline cloud migration for enterprises, enhancing security and management of sensitive data. Okta's robust network of integrations supports organizations amidst a growing need for secure identity solutions in a remote work environment.

Okta, Inc. (NASDAQ:OKTA) reports robust developments in the financial services sector, expanding partnerships with notable clients such as Canadian Western Bank and First National of Nebraska. The company announced its third fiscal quarter performance, growing its customer base to 9,400 organizations. Key achievements include the deployment of Okta’s identity solutions across various financial institutions, improving security and user experience. CEO Todd McKinnon emphasizes the importance of trust and seamless digital experiences in financial services as companies undergo digital transformation.