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Okta (OKTA) Sees a More Significant Dip Than Broader Market: Some Facts to Know
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Okta (OKTA - Free Report) closed the most recent trading day at $81.80, moving -1.36% from the previous trading session. The stock's change was less than the S&P 500's daily loss of 0.28%. Elsewhere, the Dow lost 0.54%, while the tech-heavy Nasdaq lost 0.31%.
Heading into today, shares of the cloud identity management company had lost 6.76% over the past month, lagging the Computer and Technology sector's loss of 3.36% and the S&P 500's loss of 0.76%.
Market participants will be closely following the financial results of Okta in its upcoming release. The company plans to announce its earnings on March 4, 2026. The company's upcoming EPS is projected at $0.85, signifying a 8.97% increase compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $749.1 million, up 9.84% from the prior-year quarter.
OKTA's full-year Zacks Consensus Estimates are calling for earnings of $3.44 per share and revenue of $2.91 billion. These results would represent year-over-year changes of +22.42% and +11.38%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for Okta. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Currently, Okta is carrying a Zacks Rank of #3 (Hold).
Investors should also note Okta's current valuation metrics, including its Forward P/E ratio of 22.74. This signifies a discount in comparison to the average Forward P/E of 39.7 for its industry.
We can also see that OKTA currently has a PEG ratio of 1.32. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. OKTA's industry had an average PEG ratio of 2.46 as of yesterday's close.
The Security industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 222, finds itself in the bottom 10% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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Okta (OKTA) Sees a More Significant Dip Than Broader Market: Some Facts to Know
Okta (OKTA - Free Report) closed the most recent trading day at $81.80, moving -1.36% from the previous trading session. The stock's change was less than the S&P 500's daily loss of 0.28%. Elsewhere, the Dow lost 0.54%, while the tech-heavy Nasdaq lost 0.31%.
Heading into today, shares of the cloud identity management company had lost 6.76% over the past month, lagging the Computer and Technology sector's loss of 3.36% and the S&P 500's loss of 0.76%.
Market participants will be closely following the financial results of Okta in its upcoming release. The company plans to announce its earnings on March 4, 2026. The company's upcoming EPS is projected at $0.85, signifying a 8.97% increase compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $749.1 million, up 9.84% from the prior-year quarter.
OKTA's full-year Zacks Consensus Estimates are calling for earnings of $3.44 per share and revenue of $2.91 billion. These results would represent year-over-year changes of +22.42% and +11.38%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for Okta. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Currently, Okta is carrying a Zacks Rank of #3 (Hold).
Investors should also note Okta's current valuation metrics, including its Forward P/E ratio of 22.74. This signifies a discount in comparison to the average Forward P/E of 39.7 for its industry.
We can also see that OKTA currently has a PEG ratio of 1.32. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. OKTA's industry had an average PEG ratio of 2.46 as of yesterday's close.
The Security industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 222, finds itself in the bottom 10% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.