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Okta (OKTA - Free Report) closed at $182.25 in the latest trading session, marking a +2.18% move from the prior day. This change outpaced the S&P 500's 1.31% gain on the day. Meanwhile, the Dow experienced a rise of 0.49%, and the technology-dominated Nasdaq saw an increase of 1.6%.
Coming into today, shares of the cloud identity management company had lost 21.26% in the past month. In that same time, the Computer and Technology sector lost 13.88%, while the S&P 500 lost 3.66%.
Analysts and investors alike will be keeping a close eye on the performance of Okta in its upcoming earnings disclosure. The company's earnings report is set to go public on December 1, 2026. The company is expected to report EPS of $0.93, up 13.41% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $815.52 million, up 9.91% from the prior-year quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $3.93 per share and a revenue of $3.22 billion, signifying shifts of +12.29% and +10.44%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for Okta. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Okta currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Okta has a Forward P/E ratio of 45.42 right now. This signifies no noticeable deviation in comparison to the average Forward P/E of 45.42 for its industry.
We can also see that OKTA currently has a PEG ratio of 2.71. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Security industry currently had an average PEG ratio of 2.71 as of yesterday's close.
The Security industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 93, placing it within the top 38% of over 250 industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow OKTA in the coming trading sessions, be sure to utilize Zacks.com.
View the Zacks #1 Rank List
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Why Okta (OKTA) Outpaced the Stock Market Today
Okta (OKTA - Free Report) closed at $182.25 in the latest trading session, marking a +2.18% move from the prior day. This change outpaced the S&P 500's 1.31% gain on the day. Meanwhile, the Dow experienced a rise of 0.49%, and the technology-dominated Nasdaq saw an increase of 1.6%.
Coming into today, shares of the cloud identity management company had lost 21.26% in the past month. In that same time, the Computer and Technology sector lost 13.88%, while the S&P 500 lost 3.66%.
Analysts and investors alike will be keeping a close eye on the performance of Okta in its upcoming earnings disclosure. The company's earnings report is set to go public on December 1, 2026. The company is expected to report EPS of $0.93, up 13.41% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $815.52 million, up 9.91% from the prior-year quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $3.93 per share and a revenue of $3.22 billion, signifying shifts of +12.29% and +10.44%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for Okta. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Okta currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Okta has a Forward P/E ratio of 45.42 right now. This signifies no noticeable deviation in comparison to the average Forward P/E of 45.42 for its industry.
We can also see that OKTA currently has a PEG ratio of 2.71. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Security industry currently had an average PEG ratio of 2.71 as of yesterday's close.
The Security industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 93, placing it within the top 38% of over 250 industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow OKTA in the coming trading sessions, be sure to utilize Zacks.com.