Okta Inc Stock Price, News & Analysis

Okta, Inc. (NASDAQ:OKTA) has launched Okta Privileged Access at Oktane21, enhancing identity management and Zero Trust security. This product simplifies privileged access for hybrid and multi-cloud environments, addressing the slow adoption of security policies. It offers just-in-time access using ephemeral credentials, enabling organizations to mitigate risks, reduce operational burdens, and accelerate deployment. Okta Privileged Access will be available in Q1 2022, streamlined for faster security and compliance outcomes across enterprise infrastructures.

Okta, Inc. (NASDAQ:OKTA) launched Okta Identity Governance at the Oktane21 event, introducing a modern cloud-first solution for identity governance and administration. It tackles the challenges of user access in today's dynamic work environments. The product enhances user productivity and IT efficiency by automating access provisions and compliance reporting, while also improving security by maintaining least privilege access. T-Mobile highlights Okta's role in empowering employees with modern tools, showcasing the platform's impact on productivity and compliance.

Okta (NASDAQ:OKTA) has announced its commitment to achieving 100% renewable electricity for its global real estate footprint by 2022, as stated at Oktane21. This initiative aims to reduce greenhouse gas emissions and highlights the company’s long-term climate action strategy. Key actions include transparency in emissions impact, adoption of energy-efficient practices in new offices, collaboration with coalitions on climate initiatives, and support for climate justice projects. In FY21, Okta purchased renewable energy certificates equivalent to its North American office electricity consumption.

Okta, Inc. (NASDAQ:OKTA) announced at Oktane21 the expansion of its Okta Integration Network. This expansion enhances integrations in risk and fraud, customer data orchestration, data privacy, compliance, and software development. Key features include new no-code automation connectors and a Risk Ecosystem API to improve security and customer experience. With over 7,000 integrations, Okta aims to simplify identity management as digital transformation accelerates.

Okta, Inc. (Nasdaq: OKTA) is hosting its virtual Investor Day today alongside Oktane21. CEO Todd McKinnon and the leadership team will present on core markets, new products, and the company’s financial outlook. For Q1 fiscal 2022, Okta anticipates total revenue between $237 million and $239 million, marking a year-over-year growth of 30-31%. The company also projects a full-year revenue of $1.08 to $1.09 billion, with a growth rate of 29-30% year-over-year. Non-GAAP operating losses are expected at $28 million to $27 million for Q1 and $61 million to $55 million for the full year.

Okta, Inc. (NASDAQ:OKTA) has launched the Okta Starter Developer Edition at no cost for up to 15,000 monthly active users. This edition offers developers tools for embedding Okta's authentication, authorization, and user management capabilities into applications at scale. It includes access to key Customer Identity products like Adaptive Multi-factor Authentication. The revamped experience features enhanced documentation, sample applications, and integrations with DevOps tools, enabling faster development and deployment across various environments.

Okta, Inc. (NASDAQ:OKTA) has appointed Kendall Collins as the new Chief Marketing Officer, succeeding Ryan Carlson. Collins, a veteran in cloud and enterprise technology, will oversee global brand marketing and demand generation.

His extensive experience includes roles at Accel, WeWork, and AppDynamics. Collins is poised to enhance Okta's market presence, emphasizing the importance of identity in digital transformation. Okta serves over 10,000 organizations with its Identity Cloud, ensuring secure access to applications and infrastructures.

mParticle, the leading independent Customer Data Platform, has announced Eric Kelleher, Chief Customer Officer of Okta (NASDAQ: OKTA), will join its board of directors. Kelleher brings 18 years of experience in scaling growth for SaaS companies. Notably, he helped increase Okta's ARR from under $200 million to over $900 million. He previously played a crucial role at Salesforce, contributing to their ARR growth from $50 million to $4 billion. Kelleher aims to leverage his expertise to help mParticle expand its market presence and customer data management capabilities.

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.