For investors tracking NasdaqGS:OKTA, these updates come with the stock trading at $82.46, with a 7 day return of a 6.5% decline and a 30 day return of a 7.9% decline. Shares show a 1 year return of a 15.0% decline and a 5 year return of a 69.4% decline, while the 3 year return stands at 13.6%. That mix of performance provides context when you are weighing how much identity security exposure you want in your portfolio.
Okta's focus on shadow AI usage and identity abuse by state aligned actors relates to some of the newer risks enterprises are considering as they adopt generative AI tools. For you as an investor, the key questions are how central these issues become in security budgets and how effectively Okta can translate its research and product features into customer demand over time.
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📰 Beyond the headline: 0 risks and 3 things going right for Okta that every investor should see.
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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.
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