Okta Stock Intrinsic Value – Okta Gains Despite Market Dips: Here’s What You Need to Know
May 27, 2023
Trending News ☀️
Despite the dips in the market, Okta ($NASDAQ:OKTA), a leading identity and access management company, still closed with a gain of 1.5% at $84.67 in the most recent trading session. Its cloud-based technology allows users to quickly and easily log in to their accounts from any device, ensuring secure access to their data. In addition to its identity and access management services, Okta also offers a suite of products designed to help organizations manage their identities more effectively. This includes products like Okta Mobile, which helps businesses protect employees’ devices and data; and Okta Workflows, which helps organizations streamline processes and automate workflows.
As more businesses embrace digital transformation and the cloud, Okta’s services are becoming increasingly attractive. Despite the dips in the market, Okta’s strong fundamentals and commitment to security and efficiency make it a safe bet for investors looking to make long-term gains.
Market Price
On Thursday, Okta‘s stock opened at $85.4 and closed at $84.6, down slightly by 0.1% from its previous closing price of 84.7. This growth can be attributed to the strong earnings report they released prior to the dip. Okta has also seen a surge in adoption of their products and services recently, including their identity and access management tools, which have become increasingly popular among businesses over the last few years. The security benefits that Okta provides are a key factor in the company’s growth.
Overall, despite the slight dip in market prices on Thursday, Okta remains a strong competitor in the tech industry and is expected to continue its growth in the coming months and years. Investors looking for a strong option should definitely consider adding Okta to their portfolios. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Okta. More…
| Total Revenues | Net Income | Net Margin |
| 1.86k | -815 | -42.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Okta. More…
| Operations | Investing | Financing |
| 86 | -130 | 48 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Okta. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 9.31k | 3.84k | 33.89 |
Key Ratios Snapshot
Some of the financial key ratios for Okta are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 46.9% | – | -42.5% |
| FCF Margin | ROE | ROA |
| 3.4% | -9.1% | -5.3% |
Analysis – Okta Stock Intrinsic Value
As GoodWhale, we have conducted an analysis of OKTA’s wellbeing and found that the fair value of an OKTA share is around $263.7. This value was calculated by our proprietary Valuation Line which takes into account various factors such as the company’s financial performance, market trends, and competitors. Currently, OKTA stock is being traded at $84.6, which is an undervaluation of 67.9%. This indicates that the current market price does not accurately reflect the company’s inherent value and that investors can still benefit from investing in OKTA shares. We believe that this discrepancy in valuation offers a great opportunity for investors to capitalize on and gain a considerable return on investment. Okta_Gains_Despite_Market_Dips_Heres_What_You_Need_to_Know”>More…
Peers
Its competitors include Ping Identity Holding Corp, Zscaler Inc, and CrowdStrike Holdings Inc.
– Ping Identity Holding Corp ($NASDAQ:ZS)
Zscaler Inc is a cloud-based information security company that provides internet security, web security, next-generation firewalls, sandboxing, and zero-day protection. It has a market cap of 22.04B as of 2022 and a ROE of -37.32%. The company was founded in 2007 and is headquartered in San Jose, California.
– Zscaler Inc ($NASDAQ:CRWD)
CrowdStrike Holdings Inc is a cybersecurity technology company. The company provides software and services to protect against cyber threats. CrowdStrike Holdings Inc has a market cap of 37.62B as of 2022, a Return on Equity of -6.41%. The company’s products and services are used by organizations worldwide, including Fortune 500 companies, government agencies, and small businesses.
Summary
Okta is a cloud-based software company that provides access management, single sign-on, and identity management. Recently, the company has seen a positive movement in its stock, closing at $84.67, a 1.5% increase from the previous day. This signals a potential strong investment opportunity for traders and investors, as the company has seen substantial growth this year. Okta’s products are useful to a wide range of businesses, and have seen a significant demand increase due to the pandemic.
Analysts suggest that the company’s financials remain healthy and that they are well-positioned to capitalize on opportunities as they arise. Investors should keep a close eye on the company and consider investing in Okta as the market continues to fluctuate.
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