Okta (OKTA) Earning Somewhat Favorable Media Coverage, Accern Reports
Press coverage about Okta (NASDAQ:OKTA) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm ranks the sentiment of media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Okta earned a coverage optimism score of 0.13 on Accern’s scale. Accern also gave headlines about the company an impact score of 46.5913276719045 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
- Okta, Inc. (OKTA) Research Coverage Started at William Blair (americanbankingnews.com)
- Earnings Review and Free Research Report: Okta’s Revenue Surged 62.9% (finance.yahoo.com)
- This Year’s Most Successful Tech IPOs Have Often Been Diamonds in the Rough (finance.yahoo.com)
- Okta, Inc.’s Lock-Up Period Set To Expire on October 4th (NASDAQ:OKTA) (americanbankingnews.com)
- This Year’s Successful Tech IPOs Have Often Been Diamonds in the Rough (thestreet.com)
OKTA has been the subject of a number of recent research reports. Pacific Crest restated an “outperform” rating and set a $32.00 price objective on shares of Okta in a research note on Monday, June 12th. Canaccord Genuity restated a “hold” rating and set a $27.00 price objective on shares of Okta in a research note on Friday, June 9th. Zacks Investment Research downgraded Okta from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Finally, KeyCorp restated a “buy” rating and set a $35.00 price objective on shares of Okta in a research note on Friday, September 8th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $32.20.
Okta (OKTA) opened at 27.04 on Thursday. Okta has a 52 week low of $21.52 and a 52 week high of $33.64. The company’s 50-day moving average price is $27.41 and its 200-day moving average price is $24.93. The company’s market capitalization is $520.84 million.
Okta (NASDAQ:OKTA) last issued its earnings results on Thursday, September 7th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.26) by ($0.03). The firm had revenue of $61.00 million during the quarter, compared to analyst estimates of $55.90 million. The firm’s revenue was up 63.1% compared to the same quarter last year. On average, equities analysts forecast that Okta will post ($0.96) EPS for the current fiscal year.
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Okta, Inc is a United States-based independent provider of identity for the enterprise. The Company’s Okta Identity Cloud connects and protects employees. It also connects enterprises to their partners, suppliers and customers. The Company offers products, such as Okta information technology (IT) Products and Okta for Developers.
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