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.
Okta and the OpenID Foundation have announced the formation of a working group to establish a new identity security standard called Interoperability Profile for Secure Identity in the Enterprise (IPSIE). This initiative aims to provide a framework for SaaS companies to enhance end-to-end security across their technology stack. The working group includes Ping Identity, Microsoft, SGNL, and Beyond Identity.
Key aspects of IPSIE include:
- Single Sign-On
- Lifecycle Management
- Entitlements
- Risk Signal Sharing
- Session Termination
Okta has also introduced the Secure Identity Assessment (SIA), an approach to help organizations reduce identity debt and improve their security posture. SIA offers comprehensive identity evaluation, tailored recommendations, and proactive risk reduction strategies.
Okta has announced new Workforce Identity Cloud capabilities to address key security challenges in enterprise identity management. These innovations aim to protect businesses before, during, and after authentication, offering enhanced control, visibility, and user experience. The updates focus on:
1. Secure SaaS Service Accounts: To manage non-federated SaaS accounts with vaulting, credential rotation, and step-up MFA.
2. Governance Analyzer with Okta AI: To provide insights for informed authorization decisions.
3. Out-of-the-box Integrations for Identity Verification: To strengthen user verification against social engineering and deepfake attacks.
4. Extended Device Single Sign-On: To deliver a more secure and seamless SSO experience.
These advancements aim to address the growing threats in enterprise identity, with 80% of breaches involving compromised credentials and a 700% surge in deepfake incidents in the financial sector over the past year.
Okta, the leading independent Identity partner, has announced the webcasting of its Oktane Opening Keynote and Investor Summit on October 16, 2024. The events will be streamed live on Okta's investor relations website.
The schedule is as follows:
- Oktane Opening Keynote - The Future of Identity Security: 9:00 a.m. Pacific time (12:00 p.m. Eastern time)
- Okta Investor Summit: 11:00 a.m. Pacific time (2:00 p.m. Eastern time)
Webcast replays will be available on the investor relations website after the events. Okta, known as The World's Identity Company™, provides identity security solutions for businesses and developers. The company uses its websites to disclose material information and comply with Regulation FD.
Okta, a leading identity and access management company, has announced the three finalists for its inaugural Okta SaaS Startup Competition. The finalists - Block Party, RunReveal, and Validia - were selected for their innovative use of identity-enabled workflows. These early-stage startups will pitch their cutting-edge applications leveraging identity, privacy, and security live at Oktane24 in Las Vegas from October 15-17, 2024.
The competition offers finalists the chance to win prizes and gain access to a global network of identity management experts and venture capitalists. Attendees of Oktane24 will have the opportunity to witness the live pitches on October 15th and be part of the audience that decides the future of identity-driven startups. The event is positioned as a must-attend for those interested in identity security, application development, and startup innovation.
Okta (NASDAQ:OKTA) has announced significant enhancements to its Auth0 Free Plan and paid plans, aimed at providing developers with improved scalability, security, and customization options. The Auth0 Free Plan now includes:
- Increased capacity to 25,000 monthly active users
- Passwordless authentication
- Unlimited social & Okta connections
- Custom domain support
Paid plans now offer enterprise-grade identity security with multi-factor authentication (MFA), SCIM support, and enhanced log retention. These upgrades are designed to help developers combat increasingly sophisticated AI-powered bot attacks and meet the growing demand for rapid application deployment. The expanded features aim to strengthen authentication mechanisms, simplify customization of sign-up and login experiences, and provide a more secure and user-friendly identity management solution for businesses.
Okta, Inc. (Nasdaq: OKTA), the leading independent Identity partner, has announced its participation in two upcoming investor conferences. Brett Tighe, CFO, will present at the Citi 2024 Global TMT Conference on September 5, 2024, at 11:10 a.m. Pacific time. Todd McKinnon, CEO and Co-Founder, will present at the Goldman Sachs 2024 Communacopia & Technology Conference on September 10, 2024, at 3:45 p.m. Pacific time.
Both presentations will be webcast live on Okta's investor relations website, with replays available after the events. Okta, known as The World's Identity Company™, provides customer and workforce solutions for authentication, authorization, and more. The company uses its investor website and blogs to disclose material information and comply with Regulation FD.
Okta (NASDAQ: OKTA) reported strong financial results for Q2 FY2025, with total revenue increasing 16% year-over-year to $646 million. Subscription revenue grew 17% to $632 million. The company achieved record profitability, including GAAP profitability for the first time. Key highlights include:
- Current remaining performance obligations (cRPO) grew 13% to $1.995 billion
- Operating cash flow of $86 million and free cash flow of $78 million
- Non-GAAP operating income of $148 million, or 23% of total revenue
- Non-GAAP net income of $131 million, with diluted EPS of $0.72
Okta provided guidance for Q3 FY2025, projecting total revenue of $648-650 million and non-GAAP operating income of $118-120 million. For full-year FY2025, the company expects total revenue of $2.555-2.565 billion and non-GAAP operating income of $535-545 million.
Okta (NASDAQ: OKTA), the leading independent identity partner, has announced it will release its second quarter fiscal year 2025 financial results on August 28, 2024, after the U.S. market close. The company will host a live video webcast at 2:00 p.m. Pacific time (5:00 p.m. Eastern time) to discuss the results. Investors can access the webcast and replay from Okta's investor relations website at investor.okta.com. The press release will be available on the same website prior to the event.
Okta, known as the World's Identity Company, provides secure access, authentication, and automation solutions through its Workforce Identity and Customer Identity Clouds. The company offers customizable solutions and over 7,000 pre-built integrations, enabling businesses to focus on innovation and digital transformation.
HiHello, a digital brand and identity software platform, has appointed Shana Simmons and Eugenio Pace to its Board of Directors. Simmons, currently Chief Legal Officer at Zendesk, brings over 15 years of legal leadership experience, including roles at Everlaw and Google Cloud. Pace, co-founder and former CEO of Auth0 (acquired by Okta for $6.5 billion), contributes extensive expertise in identity and access management.
These appointments aim to provide strategic guidance as HiHello expands its enterprise-ready platform for modern digital business cards. CEO Manu Kumar expressed confidence in the value these industry leaders will bring to HiHello's growth trajectory and innovation efforts.
Okta, a leading identity and access management company, has announced its inaugural SaaS Startup Competition. The contest invites early-stage US-incorporated startups to showcase innovations in applications using identity, privacy, and security-enabled workflows. Three finalists will pitch at Oktane24 in Las Vegas, with the winner potentially receiving up to a $500,000 investment from Okta and access to a global network of experts.
The competition aims to leverage Okta's platform, which offers secure identity management, flexible authentication, and seamless integration capabilities. Startups will be evaluated on business potential, innovation, and utilization of identity-enabled workflows. The submission period ends August 31, 2024, with finalist selection around September 30 and the winner announced on October 16, 2024.
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