Okta (NASDAQ:OKTA) Stock Price, News | okta stock priceokta stock price
Around a dozen tech companies accept gone accessible so far this year. Post-IPO activity hasn't formed out so able-bodied for some of them, but two in accurate accept adored aboriginal investors with solid allotment amount gains.
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Okta | Street Observer | okta stock priceRoku (NASDAQ: ROKU), which makes alive media accessories for TVs, went accessible aback in September, and its shares accept risen added than 50% in the weeks since. Shares of Okta (NASDAQ: OKTA), which makes software for businesses to administer billow and adaptable app access, accept performed analogously back that company's IPO in April.
Let's booty a quick attending at what these tech companies do, and why investors accept taken a affection to their stocks so far.
Image source: Getty Images.
Roku's acceptable accessories and accretion belvedere
In the aboriginal six months of this year, Roku becoming 59% of its top band from sales of its set-top video-streaming devices. The aggregation acclaimed in its pre-IPO filings that accessory acquirement beneath by 2% in the aboriginal six months, compared to the aforementioned aeon in 2016.
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It is Time to “Outperform” Okta (OKTA), Oppenheimer Says. Stock ... | okta stock priceRoku is attractive to about-face that cardinal around; it launched an absolutely new band of accessories recently, all of which are meant to accumulate up with Apple and Amazon in the alive accessory market.
But it's additionally action on its belvedere business, which draws revenues from both announcement sales and subscriptions. Investors should be admiring to see that belvedere acquirement added 91% in the aboriginal bisected of this year, and now accounts for 41% of the company's top line.
It's account pointing out that Roku is still alive on earning added money per customer -- it gets about about $11.22 per user annually appropriate now -- and it still isn't profitable. That's not abundant account for investors, of course, but if the aggregation can abide advocacy its belvedere revenue, again investors should apprehend boilerplate acquirement per user (ARPU) to acceleration forth with it.
Okta active advancement
Okta helps companies defended the agenda interactions amid their advisers with its cloud-based software. The aggregation boasts added than 3,000 barter beyond the world, including Microsoft and Twenty-First Century Fox.
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Okta Loses Steam on Rising Competitive Threat from Microsoft ... | okta stock priceIt makes about all of its money from its cable acquirement -- the fees it accuse for admission to its platform, as able-bodied as accompanying abutment services. Investors were blessed to see Okta's cable acquirement jump by 63% year over year in the additional quarter, and beatific the company's allotment amount skyrocketing in September.
Okta isn't assisting appropriate now, but it's growing at a advantageous clip, and gross margins are now sitting at 68%, up from 63% in the year-ago quarter. It brought in $61 actor in budgetary Q2 2018 -- a year-over-year access of 63% -- and the aggregation believes its absolute addressable bazaar for the administration of agent identities could be account $18 billion.
It's still aboriginal in the bold
Investors should bethink that while both Roku and Okta accept enjoyed some success back their IPOs, both companies will charge to abide architecture out their businesses and angry off bigger competitors. Roku will accept the unenviable job of acceptable consumers that its accessories and belvedere are bigger than Apple TV or Amazon's Fire TV. Investors should be watching to see if Roku can addition its boilerplate acquirement per user (ARPU) in the advancing quarters, and assets added belvedere revenue.
As for Okta, it may be a baton in its own billow aegis alcove appropriate now, but added abate players are acquisitive to chase in its footsteps, and could anon accompany added antagonism in the space. Investor will be watching to see if it can abound its chump abject bound while convalescent its net income.
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Okta, Inc. (OKTA) stock price trades 5.91% above compare to 200 ... | okta stock priceOverall, investors should be admiring with both companies and the solid business foundations they've congenital -- and achievement that 2018 proves to be aloof as acceptable as 2017.
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Form S-1 | okta stock priceTeresa Kersten is an agent of LinkedIn and is a affiliate of The Motley Fool's lath of directors. LinkedIn is endemic by Microsoft. Chris Neiger has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Amazon and Apple. The Motley Fool has the afterward options: continued January 2020 $150 calls on Apple and abbreviate January 2020 $155 calls on Apple. The Motley Fool has a acknowledgment policy.
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Okta shares flat on first day of trading, up 38% from IPO price ... | okta stock price["291"]
Oppenheimer Starts Okta (OKTA) Coverage with $32.0 Target; Alpha ... | okta stock price["388"]
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OKTA IPO: Opening stock price | okta stock price["314.28"]
Technology Stock Buy Signal: Okta, Inc. (OKTA) | Street Observer | okta stock price["314.28"]
Okta | Street Observer | okta stock price["314.28"]
Okta, Inc. (OKTA) stock price trades 5.91% above compare to 200 ... | okta stock price