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Stock impact report

3 Reasons OKTA is Risky and 1 Stock to Buy Instead [Yahoo! Finance]

Kadant Inc (KAI) 
Last kadant inc earnings: 4/29 04:34 pm Check Earnings Report
US:NYSE Investor Relations: investor.kadant.com/investor-overview
Company Research Source: Yahoo! Finance
Is now the time to buy Okta, or should you be careful about including it in your portfolio? See what our analysts have to say in our full research report, it's free Why Is Okta Not Exciting? Even though the stock has become cheaper, we don't have much confidence in Okta. Here are three reasons we avoid OKTA and a stock we'd rather own. 1. Weak Billings Point to Soft Demand Billings is a non-GAAP metric that is often called “cash revenue” because it shows how much money the company has collected from customers in a certain period. This is different from revenue, which must be recognized in pieces over the length of a contract. Okta's billings came in at $754 million in Q3, and over the last four quarters, its year-on-year growth averaged 10.2%. This performance was underwhelming and suggests that increasing competition is causing challenges in acquiring/retaining customers. Okta Billings 2. Projected Revenue Growth Is Slim Forecasted revenues by Wall Street analysts si Show less Read more
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