Should You Invest In Okta Inc?

Okta is an independent provider of identity solutions for enterprises. The company offers various products that protect customers against data breaches, enable secure customer experiences and partnerships, reduce IT friction, and more. The company’s IT products include single sign-on, multi-factor authentication, mobility management, lifecycle management, and a universal directory. In addition, Okta offers API products and an integration network. Okta offers over 6,000 pre-built integrations to applications and infrastructure providers, serving over 7,000 organizations, including 20th Century Fox, JetBlue, Nordstrom, Slack, Teach for America, Twilio, and others. The company’s business partners include BetterCloud, CyberArk, Identity Solutions, SADA Systems, VMware, Zscaler, Zylo, ServiceNow, Evernote, Envoy, and others. In 2019, the company was recognized by Gartner Inc. as a Leader in the Magic Quadrant for Access Management for the Third Consecutive Year. The company’s financial highlights for the second quarter of fiscal 2019 include total revenue of $140.5 million, an increase of 49% year-over-year, and total calculated billings of $155.8 million, an increase of 42% year-over-year. Add this instrument to your portfolio and trade OKTA.