Okta

OKTA

Market cap $16.5B

After seeing big-time declines in their share prices recently, three large software stocks just announced significant buyback programs. The combination of falling shares and new buybacks is often a signal that a firm sees its stock as undervalued.

Okta (OKTA) closed at $92.23 in the latest trading session, marking a -1.81% move from the prior day.

Okta, Inc. (OKTA) Presents at 28th Annual Needham Growth Conference Transcript

Okta (OKTA) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

SAN FRANCISCO--(BUSINESS WIRE)--Okta, Inc. (Nasdaq: OKTA), the leading independent identity partner, today announced that its board of directors approved a share repurchase program with authorization to purchase up to $1 billion of its Class A Common Stock, effective immediately. This program underscores Okta's confidence in its business, conviction in its significant long-term opportunities, and view that its shares are undervalued. Okta's scale, balance sheet, and proven ability to generate c.

The stock market's major indexes delivered, once again, with the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all climbing to record highs in 2025. Regardless of whether the bull market continues or a bear market takes shape, 10 sensational businesses are ideally positioned to make investors money.

Okta is upgraded to a buy as growth expectations have reset and agentic AI offers a compelling new catalyst. OKTA delivered 12% YoY revenue growth, robust cRPOs, expanding GAAP profitability, and maintains a strong net cash balance sheet. Management sees agentic AI as a potentially larger TAM than current workforce and customer identity markets combined.

Okta presents a compelling "growth at a reasonable price" opportunity amid expensive large-cap valuations, with a reiterated "Buy" rating. OKTA trades at 15.1x FY26 and 13.5x FY27 EV/FCF, supported by double-digit growth, margin expansion, and robust RPO backlog. AI-driven infrastructure investments and improved sales productivity are fueling OKTA's growth and profitability, with a Rule of 40 score of 36.

Cybersecurity will be one of the most important sectors in the tech sector in 2026 and beyond. Increasingly, organizations realize that investing in cybersecurity is not a nice-to-have; it's a mandatory line item on the balance sheet.

SAN FRANCISCO--(BUSINESS WIRE)--Okta, Inc. (Nasdaq: OKTA), the leading independent identity partner, today announced that a member of its management team is scheduled to participate in an upcoming investor conference. Details for the event are as follows: Needham Growth Conference Thursday, January 8, 2026 09:45 a.m. Pacific time (12:45 p.m. Eastern time) The presentation will be webcast live on the investor relations section of Okta's website at investor.okta.com. Replays of the presentation w.