Latest news with #Auth0
Yahoo
29-05-2025
- Business
- Yahoo
Stifel Raises Okta Price Target to $130 Following Strong Q1 Performance
On May 28, Stifel bumped up its price target for Okta, Inc. (NASDAQ:OKTA) to $130 from $120. The firm also reiterated a Buy rating on the shares. This adjustment comes hot on the heels of Okta's Q1 2026 results, which exceeded both company guidance and analyst expectations. A computer programmer working on a holographic digital twin technology software solution. Okta's (NASDAQ:OKTA) Q1 revenue jumped by 12% year-over-year to $688 million, with the largest share of the growth emanating from increased subscription revenue. The company posted a record GAAP operating income of $39 million, compared to a GAAP operating loss of $47 million in Q1 2025. According to management, the solid start to FY26 is thanks to the world's biggest organizations turning to the company to 'solve identity security across their workforces, customers, and AI use cases.' Stifel analysts also noted this fact as one of many positive aspects in Okta's earnings report. The others include early signs of successful go-to-market strategy changes, increased traction with Auth0 and new logos, and continued momentum across newer product offerings. Okta, Inc. is the leading independent identity management company. It provides secure, cloud-based solutions to help organizations control who can access their apps and data. Its key products include tools for Single Sign-On (SSO), Multi-Factor Authentication (MFA), and user lifecycle management. While we acknowledge the potential of Okta, Inc. (NASDAQ:OKTA) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than OKTA and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. Sign in to access your portfolio
Yahoo
29-05-2025
- Business
- Yahoo
Stifel Raises Okta Price Target to $130 Following Strong Q1 Performance
On May 28, Stifel bumped up its price target for Okta, Inc. (NASDAQ:OKTA) to $130 from $120. The firm also reiterated a Buy rating on the shares. This adjustment comes hot on the heels of Okta's Q1 2026 results, which exceeded both company guidance and analyst expectations. A computer programmer working on a holographic digital twin technology software solution. Okta's (NASDAQ:OKTA) Q1 revenue jumped by 12% year-over-year to $688 million, with the largest share of the growth emanating from increased subscription revenue. The company posted a record GAAP operating income of $39 million, compared to a GAAP operating loss of $47 million in Q1 2025. According to management, the solid start to FY26 is thanks to the world's biggest organizations turning to the company to 'solve identity security across their workforces, customers, and AI use cases.' Stifel analysts also noted this fact as one of many positive aspects in Okta's earnings report. The others include early signs of successful go-to-market strategy changes, increased traction with Auth0 and new logos, and continued momentum across newer product offerings. Okta, Inc. is the leading independent identity management company. It provides secure, cloud-based solutions to help organizations control who can access their apps and data. Its key products include tools for Single Sign-On (SSO), Multi-Factor Authentication (MFA), and user lifecycle management. While we acknowledge the potential of Okta, Inc. (NASDAQ:OKTA) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than OKTA and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
28-05-2025
- Business
- Yahoo
Okta Inc (OKTA) Q1 2026 Earnings Call Highlights: Strong Profitability Amid Cautious Outlook
Revenue Growth (Q2 FY26): Expected growth of 10%. Current RPO Growth (Q2 FY26): Expected growth of 10% to 11%. Non-GAAP Operating Margin (Q2 FY26): Expected at 26%. Free Cash Flow Margin (Q2 FY26): Expected at approximately 19%. Revenue Growth (FY26): Expected growth of 9% to 10%. Non-GAAP Operating Margin (FY26): Expected at 25%. Free Cash Flow Margin (FY26): Expected at approximately 27%. Warning! GuruFocus has detected 6 Warning Sign with OKTA. Release Date: May 27, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Okta Inc (NASDAQ:OKTA) reported strong financial performance in Q1 FY26, with record operating profitability and profit margin. The company experienced significant growth in its governance portfolio, with products like Okta Identity Governance and lifecycle management showing substantial adoption. Okta Inc (NASDAQ:OKTA) saw a nearly 400% increase in workflow executions over the past three years, indicating strong integration into customer IT infrastructures. The company is making strides in innovation, particularly with new products like Identity Security Posture Management and Okta Privileged Access, which address evolving cyber threats. Okta Inc (NASDAQ:OKTA) is well-positioned in the US public sector, with strong performance in Q1 and strategic investments yielding positive results. Okta Inc (NASDAQ:OKTA) has introduced additional conservatism in its guidance due to macroeconomic uncertainties, which could impact future performance. The company is facing headwinds in net revenue retention (NRR), which has declined for the fourth consecutive quarter. There is potential uncertainty in the US federal vertical, which could affect Okta Inc (NASDAQ:OKTA)'s federal business due to economic and political factors. Despite strong Q1 results, Okta Inc (NASDAQ:OKTA) is cautious about the macroeconomic environment, which could impact growth in the latter half of FY26. The company's go-to-market specialization is still in early stages, and while initial signals are positive, the long-term success of this strategy remains to be seen. Q: You've layered in additional conservatism into your guidance. What factors influenced this decision, and how do you see these impacting Q1 and future quarters? A: Todd McKinnon, CEO, explained that while Q1 was strong and on track, the guidance reflects a cautious approach due to macroeconomic uncertainties. Brett Tighe, CFO, added that while no macro impact was seen in Q1, the guidance includes potential risks due to the current economic environment, maintaining less conservatism than in previous models. Q: Can you elaborate on the go-to-market specialization and its impact on your business? A: Todd McKinnon noted that the specialization into Okta and Auth0 sellers is progressing well, with strong performance from Auth0 and a solid pipeline build. Eric Kelleher, COO, emphasized that specialization has proven effective in the past and is expected to enhance focus and enablement, benefiting both Okta and its customers. Q: How is the new suite-based pricing for the Okta platform performing, and what are the expectations? A: Todd McKinnon stated that the suite-based pricing introduced in Q1 is showing positive results, with customers opting for bundled products in good, better, best configurations. This approach leverages Okta's broad product portfolio and appeals to customers seeking strategic consolidation around identity. Q: What is the outlook for the customer identity side of the business, particularly with Auth0? A: Todd McKinnon highlighted that Auth0 had a strong Q1, driven by large customer deals. The introduction of Auth for GenAI is expected to further enhance demand, especially among smaller companies innovating in AI, indicating a broad-based opportunity for growth. Q: How does Okta plan to address the emerging market for non-human identities (NHIs) and AI agents? A: Todd McKinnon explained that Okta's comprehensive solution, including Identity Security Posture Management and Privileged Access, positions it well to manage NHIs. The company is focused on innovating and executing to maintain its lead in this growing market, emphasizing the importance of identity in AI-driven environments. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Techday NZ
22-05-2025
- Business
- Techday NZ
Google enhances agent toolkit & unveils updates for secure AI
Google has announced a range of updates aimed at enhancing its intelligent agent development tools, management platforms, and agent-to-agent protocols. The company has released the production-ready version 1.0.0 of its Python Agent Development Kit (ADK). This development, according to Google, marks a significant milestone in providing stability and flexibility for building sophisticated software agents that can be deployed in live environments. The Python ADK has already been in use by several organisations, including Renault Group, Box and Revionics, who have offered feedback during its earlier phases. Alongside the Python toolset, Google is extending its ADK to support the Java ecosystem, with the initial release of Java ADK version 0.1.0. Java developers are now able to integrate the ADK into their Maven projects by including a dedicated dependency. This expansion is intended to provide Java users the same flexibility and capabilities already available to Python developers for agent development. Google states that "empowering developers with a platform that offers flexibility, trust, and comprehensive capabilities is key to realising this potential." The company's updates are "designed to help you build and manage your intelligent agents with unprecedented ease and power." Updates also include the launch of the Agent Engine UI, an interface for managing the lifecycle of intelligent agents within the Vertex AI Agent Engine. The UI offers a dashboard integrated into the Google Cloud console, providing developers with tools to inspect deployed agents, review metrics such as requests and CPU usage, trace and debug sessions, and monitor agent behaviour. This is expected to simplify the process of maintaining and optimising intelligent agents in production environments. In the area of secure agent communication, Google has rolled out version 0.2 of its Agent2Agent (A2A) protocol specification. The latest update adds support for stateless interactions to facilitate more lightweight communication when session management is unnecessary. In addition, authentication procedures have been formalised based on an OpenAPI-like schema, aiming to make security requirements clearer and improving overall reliability of agent-to-agent communications. The company is also introducing the official Python SDK for the A2A protocol to assist developers in adopting and integrating the protocol in their Python-based agents. The SDK comes with a collection of tools designed to make it easier to build and implement communication functionalities between intelligent agents. Google highlights significant industry momentum for the A2A protocol, citing new partners and projects in its growing ecosystem. Auth0 is launching sample open source agents to demonstrate the use of A2A and Auth0's GenAI authentication for secure, multi-agent communications. Box AI Agents are now able to use A2A to collaborate with external agents for managing unstructured content like scans and images, extracting key details such as dates and contractual terms, and completing complex processes without having to leave the content environment. Microsoft has announced support for the protocol in Azure AI Foundry and introduced the capability for Microsoft Copilot Studio to invoke any A2A agent. Demonstrations have also highlighted the use of A2A for workplace productivity, enabling multiple agents to be invoked with Microsoft Entra Agent ID and Microsoft Graph. SAP is integrating A2A protocol support into its AI assistant, Joule. This addition will allow Joule to orchestrate agents within its ecosystem and invoke agents built using Google ADK, thereby providing users access to agents across different systems without requiring context switching within the user interface. Zoom has committed to supporting the A2A protocol and Agentspace integration, with the objective of advancing multi-agent collaboration throughout its open platform. Google commented, "We are incredibly excited about these updates and believe they will empower you to build even more sophisticated, reliable, and impactful intelligent agent solutions. These advancements in our ADK, Agent Engine, and A2A protocol are designed to provide you with a comprehensive and flexible platform to bring your most ambitious agent-driven projects to life." The updates cover production infrastructure, user interfaces, communications protocols, and industry partnerships, reflecting broad efforts by Google to support enterprise and developer adoption of intelligent agent systems.
Yahoo
06-05-2025
- Business
- Yahoo
Okta (NasdaqGS:OKTA) Sees 26% Rise Over Past Month
Okta has been included in the S&P 1000 and several other indices recently, a development that could enhance investor appeal and visibility. This, alongside the launch of Auth for GenAI on the Auth0 platform, appears to have bolstered the company's profile amid a cautious market environment. The tech market faced some overall declines due to tariff uncertainties and anticipation of the Federal Reserve's announcements, but Okta's share price reflected resistance against market trends by rising 26% over the past month, slightly contrasting with the broader market's flatter trajectory. Every company has risks, and we've spotted 1 risk for Okta you should know about. NasdaqGS:OKTA Earnings Per Share Growth as at May 2025 The latest GPUs need a type of rare earth metal called Dysprosium and there are only 24 companies in the world exploring or producing it. Find the list for free. Over the past three years, Okta's total return, including share price and dividends, was 30.26%. This performance contextually complements a 26% rise in share price over the past month, indicating a significant rebound amid recent market pressures. Comparatively, Okta's performance aligned with the US IT industry, matching its 15.9% return over the past year. While the broader market returned 8.2% in the same timeframe, Okta exceeded this benchmark, highlighting its relative resilience and investor confidence. The recent inclusion of Okta in major indices such as the S&P 1000 and the launch of innovations like Auth for GenAI could enhance the company's growth potential. These developments are poised to influence Okta's anticipated revenue and earnings advancements, with projections indicating an 8.8% annual revenue growth, slightly outpacing the market average. Furthermore, Okta's current share price, although experiencing pronounced recent gains, reflects a minor discount relative to consensus analyst price targets of US$118.25. Consequently, the ongoing market recognition and strategic initiatives are likely integrated into these optimistic forecasts, underpinning Okta's competitive positioning and forward outlook. Review our growth performance report to gain insights into Okta's future. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
