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OKTA INCOKTA INCOKTA INC

OKTA INC

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OKTAOKTA has set up a nice flag pattern. On this 2 hr chart it is within flag range, but on the daily its looking like it will breakout by tomorrow or the day after. Decided to enter a tad early as the cloud sector as a whole looks bullish and this ticker has the stronger setup within the sector. Looking for a quick move up of 4-5% which can happen within a day or two in this sector. At the 137-138 level it may be looking a little overextended so looking to take profits at this level.
NASDAQ:OKTALong
by BBTrader29
OKTA - wait for it to be come down between 108-111, then buyOKTA has a strong chance to grow off of a strong support lvl of around 108 to 111. It's been tested for past few weeks. From the Gann, it had crossed low 80's at 1/8, mid-80's at 1/4, low 90's at 1/3, then mid-90's at 1/2 and finally stable at 1/1 around 107. In the next phase, it jumped to 113 last week, could drop down to between 108-111, then next stop for Gann cutoffs could be around 120 for 3/1, then mid-120's for 4/1 and strong resistance at 130 for 8/1. Time to invest now, and sell later. Btw, don't expect it to reach to 130 anytime soon, definitely not in 2-3 weeks. It could take quite a significant time. It needs more time to stabilize in the range of 105-120 to build a strong support there. Expect equal volumes buying/selling for sometime, then a lot of buying after quite some time.
NASDAQ:OKTA
by abhigargin
$OKTA COULD DOUBLE IN 2 YEARS, LONG TERM HOLDThursday's earnings report by NASDAQ:OKTA was a blow out and the guidance was outstanding. Due to the market weakness on Friday the stock did not rally as much as it should have, within the coming days investors may get a better entry point into the stock, but if you are a long term investor and willing to hold this stock for 4/5 years , just buy it asap and you will be well rewarded. The company is aggressively tapping new markets and going after the biggest companies in the world as clients. Educational institution are to the forefront of the strategy also and is a huge market worldwide. One major strength is that their technology is so unique, they are sought to provide their service,trade disputes and political unrest does not hamper their growth or reduce the target market. EARNINGS CALL HIGHLIGHTS We kicked off fiscal year '20 with another strong quarter; total revenue grew 50%; subscription revenue grew 52%; calculated billings grew 53%; and we generated positive free cash flow of $13 million. We added 450 new customers in the quarter, bringing our total customer count to over 6,550. Once again, we made broad additions across our enterprise customer base with 53% growth in customers with annual contract value greater than $100,000. For the second quarter, we expect total revenue of $130 million to $131 million, representing a growth rate of 37% to 38%; non-GAAP operating loss of $14.9 million to $13.9 million; non-GAAP net loss per share of $0.11 to $0.10, assuming shares outstanding of approximately 115 million. For the full fiscal '20; we are raising our guidance and now expect total revenue of $543 million to $548 million, representing a growth rate of 36% to 37%; non-GAAP operation loss of $667 million to $62 million; non-GAAP net loss per share of $0.49 to $0.45, assuming shares outstanding of approximately $116 million. AVERAGE ANALYSTS ESTIMATE $112 AVERAGE ANALYSTS RECOMMENDATION OVERWEIGHT COMPANY PROFILE Okta, Inc. provides an enterprise-grade identity management services. Its products include single sign-on, multi factor authentication, API access management, API products and integration network services.
NASDAQ:OKTALong
by RedHotStocks
OKTA - Breaking out all time new highsSymbol OKTA setup cup and handle Upcoming Earnings Jun 05, 2019 (EST) Horizontal S&R: yes $87 Channel S&R: yes rising trendline >20 & 50MA S&R: yes bounced 50ma but never really closed below it >200MA: yes clear up trend Volume confirmation: no yes Candle Confirmation: yes yes. gapped down on earning and finished strong Stoch Divergence: yes turning up Reg Trendline >85: n/a Short Float: 6% low float Entry 91.8 Stop 87.15 Price Target 101.1 Risk / Reward: 1:2 Zacks Rank: 3-Hold 3 Style Scores: F Value | B Growth | F Momentum | F VGM Industry Rank: Bottom 16% (214 out of 256) Industry: Internet - Software and Services Any feedback is welcomed.
NASDAQ:OKTALong
by SR618