Okta (OKTA) Receives Daily News Impact Rating of 0.12

News stories about Okta (NASDAQ:OKTA) have trended somewhat positive recently, according to Accern Sentiment. The research firm scores the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Okta earned a news sentiment score of 0.12 on Accern’s scale. Accern also assigned media stories about the company an impact score of 47.2937577347186 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:

• Identity & Access Management Market Report 2017, Trends, Analysis, Share, Estimates and Forecasts to 2022. (mynewsdesk.com)
• Okta (OKTA) and Everbridge (EVBG) Critical Contrast (americanbankingnews.com)
• Okta, Inc. (OKTA) Expected to Post Earnings of -$0.25 Per Share (americanbankingnews.com)
• Okta Announces Date for its Second Quarter Fiscal 2018 Earnings Conference Call (finance.yahoo.com)

Okta (NASDAQ:OKTA) traded up 0.83% on Friday, hitting $23.01. The stock had a trading volume of 227,303 shares. The company’s 50 day moving average is $23.37 and its 200-day moving average is $24.02. The stock’s market cap is $2.19 billion. Okta has a 12 month low of $21.52 and a 12 month high of $28.25.

Okta (NASDAQ:OKTA) last posted its earnings results on Wednesday, June 7th. The company reported ($0.50) EPS for the quarter, topping the consensus estimate of ($0.61) by $0.11. The company had revenue of $53 million for the quarter, compared to analyst estimates of $48.23 million. The firm’s revenue for the quarter was up 66.7% compared to the same quarter last year. Analysts forecast that Okta will post ($1.13) EPS for the current year.

A number of research firms have recently weighed in on OKTA. Zacks Investment Research raised Okta from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research report on Wednesday, July 5th. Pacific Crest reaffirmed an “outperform” rating and set a $32.00 price objective on shares of Okta in a research report on Monday, June 12th. Canaccord Genuity reaffirmed a “hold” rating and set a $27.00 price objective on shares of Okta in a research report on Friday, June 9th. JMP Securities began coverage on Okta in a research report on Tuesday, May 2nd. They set a “market perform” rating on the stock. Finally, J P Morgan Chase & Co began coverage on Okta in a research report on Tuesday, May 2nd. They set an “overweight” rating and a $33.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $29.50.

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Okta Company Profile

Okta, Inc is a United States-based independent provider of identity for the enterprise. The Company’s Okta Identity Cloud connects and protects employees. It also connects enterprises to their partners, suppliers and customers. The Company offers products, such as Okta information technology (IT) Products and Okta for Developers.