Okta (OKTA) Getting Somewhat Positive Press Coverage, Study Finds
Media coverage about Okta (NASDAQ:OKTA) has trended somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Okta earned a daily sentiment score of 0.10 on Accern’s scale. Accern also assigned news articles about the company an impact score of 47.1798070162482 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the media stories that may have effected Accern’s scoring:
- Okta, Inc. (NASDAQ:OKTA) Expected to Post Quarterly Sales of $55.88 Million (americanbankingnews.com)
- Identity & Access Management Market Report 2017, Trends, Analysis, Share, Estimates and Forecasts to 2022. (mynewsdesk.com)
- Okta (OKTA) and Everbridge (EVBG) Critical Contrast (americanbankingnews.com)
- Okta, Inc. (OKTA) Expected to Post Earnings of -$0.25 Per Share (americanbankingnews.com)
Okta (OKTA) traded up 3.57% during midday trading on Friday, reaching $23.78. 267,478 shares of the company traded hands. Okta has a one year low of $10.09 and a one year high of $28.25. The firm’s market capitalization is $2.27 billion. The firm has a 50-day moving average price of $22.66 and a 200-day moving average price of $23.95.
Okta (NASDAQ:OKTA) last posted its earnings results on Wednesday, June 7th. The company reported ($0.50) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.61) by $0.11. The company had revenue of $53 million for the quarter, compared to analysts’ expectations of $48.23 million. The firm’s revenue was up 66.7% on a year-over-year basis. Equities analysts predict that Okta will post ($1.13) EPS for the current fiscal year.
OKTA has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Okta from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Wednesday, July 5th. Canaccord Genuity initiated coverage on shares of Okta in a research report on Tuesday, May 2nd. They set a “hold” rating for the company. JMP Securities initiated coverage on shares of Okta in a research report on Tuesday, May 2nd. They set a “market perform” rating for the company. Goldman Sachs Group, Inc. (The) initiated coverage on shares of Okta in a research report on Tuesday, May 2nd. They set a “neutral” rating for the company. Finally, Pacific Crest reaffirmed an “outperform” rating and set a $32.00 price objective on shares of Okta in a research report on Monday, June 12th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $29.50.
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Okta Company Profile
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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