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OKTA

Okta

$62.36

-4.565 (-6.82%)

07:18
12/10/18
12/10
07:18
12/10/18
07:18

Okta well on-track to grow revenue over 50% in FY19, says Deutsche Bank

Deutsche Bank analyst Gray Powell reiterates a Buy rating on Okta after meeting with Alex Salazar, the company's VP of Product Strategy and Catherine Buan, head of investor relations. The analyst says the insights he picked up on demand trends were "positive on multiple fronts" and that he came away with a "high degree of confidence" in the company's drivers of long-term growth. Okta is well on-track to grow revenue in excess of 50% in fiscal 2019, Powell tells investors in a research note. Further, he feels "very confident" in the company's forecasts for fiscal 2020 that call for growth of 30%-33% year-over-year.

  • 09

    Jan

OKTA Okta
$62.36

-4.565 (-6.82%)

12/06/18
WBLR
12/06/18
NO CHANGE
WBLR
Outperform
Okta reached positive cash flow for first time, says William Blair
William Blair analyst Jonathan Ho says Okta last night reported "another stellar" quarter and reached positive cash flow for the first time. While Okta raised guidance for fiscal 2019 and provided a preliminary top-line outlook for fiscal 2020 above the consensus, the guidance remains "relatively conservative given the strong demand driving the quarter and strong execution," Ho tells investors in a post-earnings research note. He believes Okta is being prudent in setting expectations low. Further, based on the strong quarterly results, he believes "evidence continues to mount that the company is becoming the dominant player in identity." Ho keeps an Outperform rating on Okta.
12/06/18
BREN
12/06/18
NO CHANGE
Target $73
BREN
Buy
Okta remains top pick after 'impressive' Q3 results at Berenberg
Berenberg analyst Alexander Frankiewicz reiterates a Buy rating on Okta with a $73 price target saying the company last night "beat across all metrics and sustained impressive growth on all fronts." The analyst keeps Okta as his top pick in the space. Fiscal 2020 guidance given on the call was for revenue of $510M to $520M, which implies growth of 30% to 33%, Frankiewicz tells investors in a research note. He currently estimates growth of 32% and notes that management tends to guide conservatively.
12/06/18
DBAB
12/06/18
NO CHANGE
DBAB
Buy
Deutsche Bank reiterates Buy on Okta after 'very strong' quarter
In a post-earnings research note partially titled "Getting Bigger Faster," Deutsche Bank analyst Gray Powell reiterates a Buy rating on Okta. The analyst says the company last night reported "very strong" Q3 results with revenue 9% and billings 10% above his estimates, a 12% beat on gross profit and better than expected operating losses. Overall trends remained "impressive" as Okta continues to see heightened demand with billings growth of 58%, adds Powell. "All in, it was a very clean report and we remain highly confident in forecasts for the company," he writes.
11/29/18
BREN
11/29/18
INITIATION
Target $73
BREN
Buy
Okta initiated with a Buy at Berenberg
Berenberg analyst Alexander Frankiewicz started Okta with a Buy rating and $73 price target.

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Immutep

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CTSO

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AMPY

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