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. (Symbol: OKTA) is the leading independent provider of identity solutions for enterprises. Headquartered in San Francisco, Okta operates globally, ensuring the security and efficiency of digital interactions for many of the world's largest companies. The core of Okta's business lies in its Okta Identity Cloud, which connects and protects employees, partners, suppliers, and customers. With deep integrations to over 5,000 applications, the Okta Identity Cloud enables secure and seamless access from any device.
Okta serves thousands of customers, including notable names like Experian, 20th Century Fox, LinkedIn, Flex, News Corp, Dish Networks, and Adobe. These clients trust Okta to enhance productivity, boost revenue, and maintain robust security measures. The company's solutions cater to two key stakeholder groups: workforces and customers. For workforces, Okta provides secure access to both cloud-based and on-premises resources, ensuring that employees can work efficiently and safely. For customers, Okta ensures secure access to their clients' applications, fostering trust and reliability.
Okta has consistently achieved significant milestones since going public in 2017. The firm's financial condition remains strong, backed by strategic partnerships and continuous innovation in identity and access management. Recent projects focus on expanding the capabilities of the Okta Identity Cloud, enhancing user experience, and incorporating the latest security advancements.
Committed to helping organizations fulfill their missions faster, Okta’s technology is designed to be intuitive and secure. The company’s cloud-native approach positions it as a forward-thinking leader in the cybersecurity space, adapting rapidly to the evolving digital landscape.
Stay updated with the latest developments and news about Okta, Inc. by following the most recent updates:
- Article on Okta's recent security advancements
- Interview with Okta's CEO on future directions
- Partnership announcement with a major tech firm
- Quarterly financial performance report
- Case study on Okta's impact on a leading enterprise
Auth0 Identity Platform, a product unit within Okta, announced the appointment of Bhawna Singh as Senior Vice President of Engineering. Singh brings over 20 years of engineering experience from leadership roles at Glassdoor, Ask.com, and AT&T. Her expertise will be vital in advancing Auth0's technology and enhancing customer solutions. Singh's vision aligns with the company's goals of secure access and continuous innovation in identity management. This leadership change is expected to strengthen Auth0's growth and customer trust.
Okta, Inc. (NASDAQ:OKTA) has achieved a significant milestone by reaching 100% renewable electricity for its global operations and employees’ work-from-home energy consumption for FY22. The company launched the Dynamic Work Greenhouse Gas (GHG) Emissions Study, highlighting that emissions per employee are estimated to be 21% lower in a hybrid work model compared to pre-Dynamic Work levels. This initiative aligns with its Environmental, Social, and Governance (ESG) goals and demonstrates Okta's commitment to sustainability.
Okta, a leader in identity solutions, has been added to the inaugural StateRAMP Authorized Vendor List, ensuring its products meet stringent security standards for government agencies. This recognition underscores Okta's commitment to enhancing digital security amid rising cyber threat concerns. The company’s Identity Platform facilitates efficient identity management for state and local agencies, streamlining processes and bolstering security. Arizona has partnered with Okta over the past four years to implement these identity solutions, highlighting a collaborative approach to digital transformation.
Okta, Inc. (NASDAQ: OKTA), a leading independent identity provider, announced that its management will participate in several investor conferences. Frederic Kerrest (Executive Vice Chairman) will present at the Piper Sandler Global Technology Conference on September 14, 2021. CEO Todd McKinnon will present at Citi's Global Technology Virtual Conference on September 15, 2021. Both presentations will be webcast live and available for replay on Okta's investor relations website. Okta enables secure connections through its Identity Cloud, with over 13,050 organizations relying on its services.
Okta, Inc. reported strong Q2 FY2022 results, with total revenue rising 57% year-over-year to $316 million. Subscription revenue also increased, growing 59% to $303 million. Remaining Performance Obligations reached $2.24 billion, a 57% increase. Despite this growth, the GAAP operating loss widened to $263 million, and the GAAP net loss was $277 million. For Q3 FY2022, Okta anticipates revenue between $325 million and $327 million, indicating a 50% year-over-year growth rate.
Okta, Inc. (NASDAQ:OKTA) announces Sagnik Nandy as its new President of Technology and CTO. Nandy joins Okta’s executive team, reporting to CEO Todd McKinnon. He brings over 15 years of experience from Google, where he led engineering initiatives for core advertising and analytics. Nandy aims to enhance Okta's product development and strengthen its market leadership in identity solutions. McKinnon emphasizes Nandy's strong technical background and leadership skills as pivotal for driving innovation at Okta, which focuses on secure digital access for organizations globally.
Okta, Inc. (NASDAQ: OKTA) announced it will release its financial results for the second quarter of fiscal 2022 on September 1, 2021, after market close. The live video webcast will begin at 2:00 p.m. PT (5:00 p.m. ET) to discuss these results. As a leader in identity solutions, Okta provides secure access to over 10,650 organizations through its Identity Cloud, boasting more than 7,000 integrations with applications and infrastructure. Investors can find the press release on the Okta investor relations website before the event.
Okta, Inc. (NASDAQ:OKTA) has appointed John Zissimos as its first Chief Digital Officer. Reporting to CMO Kendall Collins, Zissimos will spearhead Okta's creative, campaign, digital, and brand strategies. With extensive experience from Google and Salesforce, he aims to elevate Okta's brand into an iconic status, enhancing user experiences. Zissimos expressed enthusiasm for Okta's culture and purpose, committed to empowering clients and strengthening the company's identity in the marketplace.
Okta, a leading independent identity provider, announced that its management team will participate in two upcoming investor conferences. CEO Todd McKinnon will present at the William Blair 41st Annual Growth Stock Conference on June 3, 2021, while Executive Vice Chairman Frederic Kerrest will speak at the Bank of America Securities 2021 Global Technology Conference on June 8, 2021. Both presentations will be streamed live on Okta’s investor relations website, with replays available afterwards. Okta supports over 10,650 organizations with its Identity Cloud, providing secure access to technology.
FAQ
What is the current stock price of Okta (OKTA)?
What is the market cap of Okta (OKTA)?
What does Okta, Inc. do?
What is the Okta Identity Cloud?
Who are Okta’s key clients?
When did Okta go public?
What are Okta’s main offerings?
How does Okta enhance security?
What recent achievements has Okta accomplished?
Where is Okta headquartered?
What strategic partners does Okta collaborate with?
How does Okta help organizations achieve their goals?
