Okta Shares Soared on Management's Outlook. Is It Too Late to Buy the Stock?
Share prices of Okta (NASDAQ: OKTA) surged higher after the cybersecurity company on Monday reported fiscal 2025 fourth-quarter results that easily topped analyst expectations and offered upbeat guidance. The stock trades up about 30% year to date as of this writing, although it's still down over the past 12 months.With that initial pop in the books, can Okta continue to rally, or have investors missed their near-term window to buy the stock?Okta suffered a big cybersecurity failure in the autumn of 2023 when hackers stole data from customers who used its support system. That put a damper on the stock price through much of 2024, but the impact of the incident now appears to be in the rear-view mirror. Continue reading
Share prices of Okta (NASDAQ: OKTA) surged higher after the cybersecurity company on Monday reported fiscal 2025 fourth-quarter results that easily topped analyst expectations and offered upbeat guidance. The stock trades up about 30% year to date as of this writing, although it's still down over the past 12 months.
With that initial pop in the books, can Okta continue to rally, or have investors missed their near-term window to buy the stock?
Okta suffered a big cybersecurity failure in the autumn of 2023 when hackers stole data from customers who used its support system. That put a damper on the stock price through much of 2024, but the impact of the incident now appears to be in the rear-view mirror.
