Okta: Assessing Overly Optimistic Consensus Estimates And Valuations [Seeking Alpha]
Okta, Inc. - Class A (OKTA)
Last okta, inc. - class a earnings: 3/5 04:05 pm
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US:NASDAQ Investor Relations:
investor.okta.com
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Source: Seeking Alpha
Wall Street appears to believe that this year's guidance is too conservative. Longer-term consensus estimates look too aggressive as it's unclear what will drive a sustained acceleration in top-line growth. I reiterate my avoid rating for the stock. Looking for a portfolio of ideas like this one? Members of Best Of Breed Growth Stocks get exclusive access to our subscriber-only portfolios. Learn More » Okta, Inc. ( NASDAQ: OKTA ) has been a surprising winner as of late as Wall Street cheered the company's latest results. The stock has held on to its post-earnings surge, and there are indeed reasons to justify the optimism. The company crushed guidance on both the revenue and remaining performance obligation fronts. While management did not raise full-year guidance by that much, Wall Street appears to hold the view that the updated targets remain far too conservative, and I agree myself. I am however of the view that longer-term consensus estimates are too aggressive and that
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OKTA
News
- Okta (OKTA) Stock Sinks As Market Gains: What You Should Know [Yahoo! Finance]Yahoo! Finance
- Okta (OKTA) Gains But Lags Market: What You Should Know [Yahoo! Finance]Yahoo! Finance
- Okta (OKTA) Exceeds Market Returns: Some Facts to Consider [Yahoo! Finance]Yahoo! Finance
- Okta, Inc. (NASDAQ:OKTA) Shares Could Be 30% Below Their Intrinsic Value Estimate [Yahoo! Finance]Yahoo! Finance
- Here's Why Okta (OKTA) Fell More Than Broader Market [Yahoo! Finance]Yahoo! Finance
OKTA
Earnings
- 2/28/24 - Beat
OKTA
Sec Filings
- 4/2/24 - Form 4
- 4/2/24 - Form 4
- 4/2/24 - Form 4
- OKTA's page on the SEC website