Pillar Of America's Cyber Security Lost Funding Temporarily: What Investors Should Know About CVE Program, Funding Extension
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 17 2025
0mins
Should l Buy OKTA?
Source: Benzinga
CVE Program Funding Extended: The Common Vulnerabilities and Exposures (CVE) program, crucial for identifying cybersecurity vulnerabilities, has had its funding extended for 11 months after a last-minute deal with the U.S. Department of Homeland Security, alleviating concerns about potential lapses in critical cybersecurity services.
Impact on Cybersecurity Sector: Experts warned that without the CVE program, organizations could face increased vulnerabilities to cyber threats, emphasizing the program's importance as a cornerstone of the global cybersecurity ecosystem amidst rising cyber attacks.
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Analyst Views on OKTA
Wall Street analysts forecast OKTA stock price to rise
31 Analyst Rating
22 Buy
8 Hold
1 Sell
Moderate Buy
Current: 72.520
Low
75.00
Averages
114.03
High
145.00
Current: 72.520
Low
75.00
Averages
114.03
High
145.00
About OKTA
Okta, Inc. is an independent identity partner. The Company’s Okta Platform and Auth () Platform enable its customers to securely connect the right people to the right technologies and services at the right time. It offers independent and neutral cloud-based identity solutions that allow customers to integrate with nearly any application, service or cloud that they choose through its platforms. Organizations use the Company’s Identity Platform to collaborate with their partners, and to provide their customers with secure experiences in the cloud and via mobile devices. Developers leverage the Workforce Identity Cloud and Customer Identity Cloud, powered by Auth (), to securely and efficiently embed identity into the software they build, allowing them to innovate and focus on their core missions. Its Okta Platform enables its customers to automate and secure access across their ecosystem of employees, contractors and partners, increasing collaboration across their workforces.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Okta Expected to Report Strong Q4 Earnings Driven by AI
- Earnings Expectations: Okta is set to report its fourth-quarter earnings on March 4, with analysts forecasting an EPS of $0.85, reflecting a 9% year-over-year increase, while revenue is projected to rise by 10% to $749.5 million, indicating the company's potential in the AI sector.
- Analyst Rating: Ahead of the earnings release, Wells Fargo initiated coverage with an Equal-Weight rating and a $76 price target, with analyst Richard Poland noting that while Okta is entrenched in identity protection, the maturity of its core business necessitates further proof of growth drivers.
- Growth Outlook: Okta has beaten EPS and revenue estimates 100% of the time over the past two years, raising expectations for another solid quarter, although new products may reduce growth rates from mid-teens to a range of 9%-11%.
- Financial Guidance: The company projects an 11% revenue growth and a 26% non-GAAP operating margin for FY '26, showcasing its robust growth potential for the upcoming fiscal year, despite uncertainties regarding the specific benefits of AI.
See More
Okta Q4 Earnings Expectations and Analyst Insights
- Earnings Release Announcement: Okta is set to release its fourth-quarter earnings after the market closes on March 4, with analysts projecting earnings per share of $0.85, an increase from $0.78 in the same quarter last year, indicating a sustained improvement in the company's profitability.
- Revenue Growth Expectations: The consensus estimate for Okta's quarterly revenue stands at $749.5 million, reflecting a 10.5% increase from $682 million a year earlier, showcasing the company's strong performance and rising customer demand in the market.
- Expanded Partnership with PGA: On February 5, Okta announced an expanded relationship with the PGA of America, which boasts over 30,000 golf professionals, enhancing Okta's influence and market penetration in the sports industry through this strategic collaboration.
- Stock Price Fluctuation: Despite the optimistic outlook, Okta's shares fell by 2% to close at $72.52 on Tuesday, indicating a cautious sentiment among investors ahead of the earnings report, which could impact investor confidence.
See More
Okta to Release Q4 Earnings on March 4
- Earnings Release Date: Okta, Inc. is set to release its Q4 earnings on March 4, with market participants keenly awaiting the financial results to assess the company's future growth potential.
- Earnings Forecast: Analysts predict an EPS of 85 cents and revenue of $749.5 million, which will directly influence investor confidence in the company's stock performance.
- Stock Price Movement: On Tuesday, Okta's stock fell by 2%, reflecting a cautious market sentiment ahead of the earnings report, possibly due to investor concerns regarding the earnings forecast.
- Market Reaction: The decline in stock price prior to the earnings release may affect investor sentiment, particularly in the context of intense competition and market uncertainties facing the company.
See More
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- Market Volatility: U.S. stock futures ticked higher on Wednesday, indicating a slight recovery in investor sentiment following a volatile session on Tuesday, although overall market uncertainty remains.
- Focus on ADP Report: Investors are keenly awaiting the ADP private payroll report set to be released on Wednesday, which is expected to significantly influence market sentiment amid the current economic recovery context.
- Bond Yield Trends: The 10-year Treasury bond yield stands at 4.08%, while the two-year bond yield is at 3.53%, reflecting market expectations regarding interest rate policies, particularly the Fed's potential decision to keep rates unchanged.
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See More
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- Market Reaction: Stocks opened significantly lower, indicating a shift away from the previous "ignore geopolitics" mindset.
- Recovery Trend: By late morning, there was a noticeable recovery in stock prices, suggesting some stabilization in the market.
See More
Okta Expected to Report Strong Q4 Earnings Driven by AI
- Earnings Expectations: Okta is set to report its fourth-quarter earnings on March 4, with analysts forecasting an EPS of $0.85, reflecting a 9% year-over-year increase, while revenue is projected to rise by 10% to $749.5 million, indicating the company's potential in the AI sector.
- Analyst Rating: Ahead of the earnings release, Wells Fargo initiated coverage with an Equal-Weight rating and a $76 price target, with analyst Richard Poland noting that while Okta is entrenched in identity protection, the maturity of its core business necessitates further proof of growth drivers.
- Growth Outlook: Okta has beaten EPS and revenue estimates 100% of the time over the past two years, raising expectations for another solid quarter, although new products may reduce growth rates from mid-teens to a range of 9%-11%.
- Financial Guidance: The company projects an 11% revenue growth and a 26% non-GAAP operating margin for FY '26, showcasing its robust growth potential for the upcoming fiscal year, despite uncertainties regarding the specific benefits of AI.
See More
Okta Q4 Earnings Expectations and Analyst Insights
- Earnings Release Announcement: Okta is set to release its fourth-quarter earnings after the market closes on March 4, with analysts projecting earnings per share of $0.85, an increase from $0.78 in the same quarter last year, indicating a sustained improvement in the company's profitability.
- Revenue Growth Expectations: The consensus estimate for Okta's quarterly revenue stands at $749.5 million, reflecting a 10.5% increase from $682 million a year earlier, showcasing the company's strong performance and rising customer demand in the market.
- Expanded Partnership with PGA: On February 5, Okta announced an expanded relationship with the PGA of America, which boasts over 30,000 golf professionals, enhancing Okta's influence and market penetration in the sports industry through this strategic collaboration.
- Stock Price Fluctuation: Despite the optimistic outlook, Okta's shares fell by 2% to close at $72.52 on Tuesday, indicating a cautious sentiment among investors ahead of the earnings report, which could impact investor confidence.
See More
Okta to Release Q4 Earnings on March 4
- Earnings Release Date: Okta, Inc. is set to release its Q4 earnings on March 4, with market participants keenly awaiting the financial results to assess the company's future growth potential.
- Earnings Forecast: Analysts predict an EPS of 85 cents and revenue of $749.5 million, which will directly influence investor confidence in the company's stock performance.
- Stock Price Movement: On Tuesday, Okta's stock fell by 2%, reflecting a cautious market sentiment ahead of the earnings report, possibly due to investor concerns regarding the earnings forecast.
- Market Reaction: The decline in stock price prior to the earnings release may affect investor sentiment, particularly in the context of intense competition and market uncertainties facing the company.
See More
Movers: Moderna, CrowdStrike, GitLab, Coinbase, Strategy, Broadcom, and Others
- Stock Market Movement: Stock futures were showing slight increases on Wednesday.
- Investor Sentiment: Investors are assessing the potential for the U.S.-Iran conflict to escalate into a prolonged war.
See More
U.S. Stock Futures Rise Slightly as Investors Await ADP Employment Data
- Market Volatility: U.S. stock futures ticked higher on Wednesday, indicating a slight recovery in investor sentiment following a volatile session on Tuesday, although overall market uncertainty remains.
- Focus on ADP Report: Investors are keenly awaiting the ADP private payroll report set to be released on Wednesday, which is expected to significantly influence market sentiment amid the current economic recovery context.
- Bond Yield Trends: The 10-year Treasury bond yield stands at 4.08%, while the two-year bond yield is at 3.53%, reflecting market expectations regarding interest rate policies, particularly the Fed's potential decision to keep rates unchanged.
- Global Market Impact: Asian markets experienced their steepest losses in nearly a year, with South Korea's Kospi plunging 12% in a single day, which may trigger a ripple effect on global market sentiment and impact investor risk appetite.
See More
Analysis & Outlook: A Reality Assessment
- Market Reaction: Stocks opened significantly lower, indicating a shift away from the previous "ignore geopolitics" mindset.
- Recovery Trend: By late morning, there was a noticeable recovery in stock prices, suggesting some stabilization in the market.
See More
