OKTA
Okta, Inc.

Okta, Inc.OKTA

Technology · Software - Infrastructure
168.69USD
-1.44%
Nov 08, 2026
OKTA overview ready
Cloud and Hybrid IT Identity and Access Management Platform
Okta, Inc. provides identity and access management solutions that secure user authentication and authorization for cloud and on-premises applications across devices globally.
Primary theme is weakening
Cybersecurity is weakening (-3.1pp vs SPY over 21 sessions; 8 of 20 members ahead of SPY).
No clear price read
Longer-term context reads early trend, with a near-term setup of pullback recovery.
Demanding valuation
Okta, Inc. carries a Expensive valuation stance that the scored components do not clearly support.
Unremarkable fundamentals
Market Nov 6Filing Jul 31Price action Nov 7

Conviction Level

PriceAction6.3BusinessPerformance7.0BusinessQuality5.2Valuation2.8ThemeMomentum3.0Improving — Revenue is growing at a steady pace (+11% year over year). Diluted EPS is up 76% year over year at $0.65. — From filed financial statements. Describes the recent trajectory of the business, not the stock. 20 of the 100 Conviction points.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
CybersecurityWeakening
vs SPY
−3.1pp
Theme return
−8.1%
Beating SPY
8 of 20
21 sessions to Nov 6, 2026 · Theme Leadership V2
Price
Loading price history…

Price Action

No clear price read
Longer-term context reads early trend, with a near-term setup of pullback recovery.
EntryReset + recovery

The stock remains extended from its long-term weekly base, but the recent reset toward the daily SMA100 aligned with support at the weekly EMA21. Daily structure is recovering above the fast averages, improving the current entry location.

Key Financials

Market Cap
$30.1B
Avg Volume (60D)
4.4M
60 sessions
Revenue Growth YoY
+11.8%
FY2026 vs FY2025
Gross Margin
+78.1%
Trailing twelve months
Operating Margin
+7.5%
Trailing twelve months
Free Cash Flow Yield
+3.3%
Distance from 200DMA
+33.1%
Next Earnings
2026-12-01
P/E
101.6x
Market metrics as of Nov 6, 2026
Financial results for the period ended Jul 31, 2026
Filed balance-sheet data as of Jul 31, 2026

Business Performance

Improving

Revenue is growing at a steady pace (+11% year over year). Diluted EPS is up 76% year over year at $0.65.

Latest reported: Q2 FY2027, ended Jul 31
Revenue growthGrowing
+11%
$805M in Q2 FY2027 · YoY
YoY growth, last 4 quarters
  1. +12%
  2. +12%
  3. +11%
  4. +11%
Earnings growthGrowing
+76%
Diluted EPS $0.65 vs $0.37 a year earlier · GAAP
Diluted EPS YoY (GAAP), last 4 quarters
  1. n/a
  2. +169%
  3. +20%
  4. +76%
Operating marginExpanding
13.3%
+7.7 pp YoY · gross margin 79.6% (+2.7 pp)

Business Quality

5.2 / 10

How well the business earns on its assets, converts earnings to cash and funds itself — read from its SEC filings.

Fundamentals & Valuation

Both valuation perspectives agree this company is expensive.
Okta, Inc. carries a Expensive valuation stance that the scored components do not clearly support. Treat it as unresolved.

Company Research

Research coverage for this company is in progress.

Economic classification

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Business & Markets

Technology · Software - Infrastructure
What they do

Okta, Inc. provides identity and access management solutions that secure user authentication and authorization for cloud and on-premises applications across devices globally.

How it earns

Okta generates revenue primarily through subscription-based licensing of its software services.

Products & services
Single Sign-On
Adaptive Multi-Factor Authentication (MFA)
API Access Management
Access Gateway
Okta Device Access
Universal Directory
Customers & end markets
Enterprises requiring secure identity management
Organizations with hybrid IT environments
Market position

Okta is a recognized leader in the identity and access management software infrastructure market.

Demand drivers
Low cyclicality

Demand for cybersecurity and identity management remains steady regardless of economic cycles due to regulatory and security needs.