Wonder if $OKTA is really a bargain or dead $? Its market cap is $19B (after the ER dip), plus growth has been trending down last few qtrs: 16.2%, 13.9%, 12.7% and recent is 12%. Looking at TTM $2.681B, it will be trading at 7x. So 7x EV/S for 12% growth, worth it?
Wonder if it is $OKTA is really bargain or dead $? Its market cap is $19B (after the ER dip), plus growth has been trending down last few qtrs: 16.2%, 13.9%, 12.7% and recent is 12%. Looking at TTM $2.681B, it will be trading at 7x. So 7x EV/S for 12% growth, worth it?
$OKTA handle is going to happen and then lower is it not? Down 11% AH https://t.co/2vOaR1YtlC
Okta Inc. ($OKTA) experienced a notable decline in its stock price after its recent earnings report, dropping approximately 11% in after-hours trading. The company's market capitalization fell to around $19 billion following the dip. Analysts and investors are debating whether Okta represents a buying opportunity or a declining asset, given its recent growth trends. The company's quarterly growth rates have been decreasing over the past several quarters, moving from 16.2% to 13.9%, then 12.7%, and most recently 12%. Based on trailing twelve months (TTM) revenue of $2.681 billion, Okta is trading at an enterprise value-to-sales (EV/S) ratio of about 7 times, which some market participants question in relation to its slowing growth. Additionally, expected price moves for other stocks include Dick's Sporting Goods ($DKS) at around $12 and Abercrombie & Fitch ($ANF) near $10, while Okta's expected move was approximately $13.50.