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Upturn AI SWOT - About
OKTA 
Okta Inc (OKTA)
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Upturn Advisory Summary
04/01/2025: OKTA (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type Stock | Historic Profit -59.26% | Avg. Invested days 26 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 04/01/2025 |
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 18.75B USD | Price to earnings Ratio 1753.67 | 1Y Target Price 117.03 |
Price to earnings Ratio 1753.67 | 1Y Target Price 117.03 | ||
Volume (30-day avg) 3910617 | Beta 1.09 | 52 Weeks Range 70.56 - 118.07 | Updated Date 04/1/2025 |
52 Weeks Range 70.56 - 118.07 | Updated Date 04/1/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 0.06 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2025-03-03 | When Before Market | Estimate 0.7362 | Actual 0.78 |
Profitability
Profit Margin 1.07% | Operating Margin (TTM) 2.79% |
Management Effectiveness
Return on Assets (TTM) -0.43% | Return on Equity (TTM) 0.46% |
Valuation
Trailing PE 1753.67 | Forward PE 32.89 | Enterprise Value 16695524916 | Price to Sales(TTM) 7.18 |
Enterprise Value 16695524916 | Price to Sales(TTM) 7.18 | ||
Enterprise Value to Revenue 6.4 | Enterprise Value to EBITDA 120.11 | Shares Outstanding 165819008 | Shares Floating 164768499 |
Shares Outstanding 165819008 | Shares Floating 164768499 | ||
Percent Insiders 0.62 | Percent Institutions 86.25 |
Analyst Ratings
Rating 3.77 | Target Price 103.58 | Buy 8 | Strong Buy 12 |
Buy 8 | Strong Buy 12 | ||
Hold 19 | Sell 1 | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Okta Inc
Company Overview
History and Background
Okta Inc. was founded in 2009 by Todd McKinnon and Frederic Kerrest. It started as a SaaS company focused on identity and access management (IAM). Okta went public in 2017 and has grown through organic expansion and acquisitions to become a leading independent identity provider.
Core Business Areas
- Workforce Identity: Provides secure access and identity management solutions for employees, contractors, and partners. This includes single sign-on (SSO), multi-factor authentication (MFA), and lifecycle management.
- Customer Identity: Offers solutions that allow businesses to securely manage customer identities and access to applications. This includes registration, login, profile management, and authorization.
Leadership and Structure
Todd McKinnon serves as the CEO and Chairman. The organizational structure is based on functional departments, including engineering, sales, marketing, and customer success.
Top Products and Market Share
Key Offerings
- Okta Workforce Identity Cloud: Provides single sign-on (SSO), multi-factor authentication (MFA), and lifecycle management for employees. Okta held approximately 16% market share in Identity and Access Management in 2023. Competitors include Microsoft Azure AD, Ping Identity, and CyberArk.
- Okta Customer Identity Cloud (Auth0): Provides customer identity and access management (CIAM) solutions for secure access to applications. Competitors include Auth0 (acquired by Okta), ForgeRock, and Microsoft Azure AD B2C.
Market Dynamics
Industry Overview
The identity and access management (IAM) market is growing rapidly, driven by the increasing complexity of IT environments and the rising threat of cyberattacks. Cloud-based IAM solutions are becoming increasingly popular.
Positioning
Okta is positioned as a leading independent provider of cloud-based IAM solutions, differentiating itself through its focus on innovation, ease of use, and comprehensive platform. Okta also appeals to companies that prefer to not use services by huge players like Microsoft.
Total Addressable Market (TAM)
The TAM for identity solutions is estimated to be over $80 billion. Okta is positioned to capture a significant portion of this market by expanding its product offerings and targeting new customer segments.
Upturn SWOT Analysis
Strengths
- Leading cloud-based IAM platform
- Strong brand recognition
- Large and growing customer base
- Innovative product development
- Acquisition of Auth0 expands customer identity capabilities
Weaknesses
- High valuation relative to earnings
- Integration challenges with Auth0
- Reliance on subscription revenue
- Competition from larger tech companies
Opportunities
- Expanding into new markets (e.g., Asia-Pacific)
- Developing new identity solutions (e.g., blockchain-based identity)
- Integrating AI and machine learning into its platform
- Increase cross-selling and upselling to existing customers
Threats
- Increasing competition from Microsoft, Ping Identity, CyberArk
- Data security breaches
- Economic downturn impacting IT spending
- Changes in data privacy regulations
Competitors and Market Share
Key Competitors
- MSFT
- PING
- CYBR
Competitive Landscape
Okta's strength lies in its focus on IAM, which allows it to offer best-of-breed solutions. However, it faces competition from larger companies like Microsoft, which can bundle IAM solutions with their existing products. Smaller competitors like Ping Identity also provide dedicated IAM services, but may lack Okta's scale and resources.
Major Acquisitions
Auth0
- Year: 2021
- Acquisition Price (USD millions): 6500
- Strategic Rationale: The acquisition of Auth0 expanded Okta's customer identity capabilities and provided access to a new customer segment of developers.
Growth Trajectory and Initiatives
Historical Growth: Okta has experienced significant revenue growth in recent years, driven by the increasing demand for cloud-based IAM solutions. The acquisition of Auth0 has further accelerated growth.
Future Projections: Analyst estimates project continued revenue growth for Okta in the coming years, driven by the expanding TAM and the company's strong competitive position. These projections will require actual financial data and analyst consensus estimates.
Recent Initiatives: Recent initiatives include expanding its product offerings, investing in new technologies (e.g., AI), and expanding its global presence.
Summary
Okta is a leading independent identity provider with a strong position in the growing IAM market. Its strengths include its innovative platform and large customer base. However, it faces competition from larger tech companies and integration challenges with Auth0. The company is well-positioned for future growth, but needs to carefully manage its expenses and competitive pressures.
Similar Companies
- MSFT
- PING
- CYBR
- FORG
Sources and Disclaimers
Data Sources:
- Company SEC Filings
- Industry Reports
- Analyst Reports
- Company Website
Disclaimers:
This analysis is for informational purposes only and does not constitute financial advice. Market share figures are estimates and may vary depending on the source.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Okta Inc
Exchange NASDAQ | Headquaters San Francisco, CA, United States | ||
IPO Launch date 2017-04-07 | Co-Founder, Chairman & CEO Mr. Todd McKinnon | ||
Sector Technology | Industry Software - Infrastructure | Full time employees 5914 | Website https://www.okta.com |
Full time employees 5914 | Website https://www.okta.com | ||
Okta, Inc. operates as an identity partner in the United States and internationally. The company offers Okta's suite of products and services used to manage and secure identities, such as Single Sign-On that enables users to access applications in the cloud or on-premises from various devices; Adaptive Multi-Factor Authentication provides a layer of security for cloud, mobile, web applications, and data; API Access Management enables organizations to secure APIs; Access Gateway enables organizations to extend Workforce Identity Cloud; and Okta Device Access enables end users to securely log in to devices with Okta credentials. It provides Universal Directory, a cloud-based system of record to store and secure user, application, and device profiles for an organization; Lifecycle Management enables IT organizations or developers to manage a user's identity throughout its lifecycle; Okta Identity Governance provides identity access management and identity governance solutions; Advanced Server Access offers access management to secure cloud infrastructure; Okta Privileged Access enables organizations to reduce risk with unified access and governance management for on-premises and cloud resources; and Okta Workforce Identity Workflows. In addition, the company offers Universal Login, which allows customers to provide login experience across different applications and devices; and Attack Protection, a suite of security capabilities that protects customers from different types of malicious traffic. Further, it provides Adaptive Multi-Factor Authentication, Passwordless, Machine to Machine, Private Cloud, Organizations, Actions and Extensibility, and Enterprise Connections. The company sells its products directly to customers through sales force and channel partners. The company was formerly known as Saasure, Inc. Okta, Inc. was incorporated in 2009 and is headquartered in San Francisco, California.
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