Okta Inc Class A
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$489.00 | Jrcq | Vtswttss |
Okta Capitalizing on Cloud-Based Identity and Access Management Demand in a Zero-Trust World
Business Strategy and Outlook
We believe that enabling access management and protecting networks from malicious actors based upon identity credentials are cornerstones of cybersecurity, and that the dissipation of a distinct security perimeter could make security teams further rely on user-based cybersecurity. Okta's cloud-based identity access solutions upended the prevailing methodology of protecting users and providing access to digital resources based upon on-premises products. We believe that Okta's innovative solutions for user access and security will provide it with a durable presence, and we expect strong revenue growth alongside significant margin expansion.