Okta launches Cross App Access protocol to enhance security and compliance for end-users

From Nasdaq: 2025-06-24 11:52:00

Okta launches Cross App Access to secure AI agents, partnering with ISVs for better connectivity. The protocol removes repetitive authorization consent screens, enhancing security and compliance for end-users. This reflects Okta’s commitment to safeguarding non-human identities and developers, with a focus on Identity Security Posture Management and Okta Privileged Access.

Okta’s innovative portfolio drives top-line growth, with over 20,000 customers and $4.084 billion in RPOs. Strong demand for products like Identity Governance and Privileged Access fuels subscription revenue growth. A rich partner base, including Amazon Web Services and Microsoft, contributes to Okta’s success in the market, with shares up 25.2% year to date.

Despite challenges in the federal business and macroeconomic conditions, Okta expects 9-10% revenue growth in FY26. Non-GAAP earnings guidance is raised, with a Zacks Consensus Estimate of $3.28 per share. Q2 revenue is projected to grow by 10%, reflecting continued momentum. Okta’s stock performance remains strong, trading above the 200-day moving average.

Okta shares are overvalued, with a Value Score of D and a forward Price/Cash Flow ratio of 23.23X. Despite this, Okta’s innovative portfolio and expanding clientele drive its growth. With a Zacks Rank #2 (Buy) and Growth Score of A, Okta presents a strong investment opportunity. The company is positioned for success in the growing semiconductor market, with significant room for growth in AI, ML, and IoT technologies.



Read more at Nasdaq: Okta’s Cross App Access Expands Security Portfolio: Buy the Stock?