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Barchart
Barchart
Sushree Mohanty

Down 10% From Highs, Is This Tech Stock a Buy On the Dip?

IS Okta Cybersecurity

Founded in 2009, cybersecurity company Okta (OKTA) offers identity and access management (IAM) solutions. Its platform enables organizations to manage and secure user authentication across multiple applications, devices, and networks. 

Okta offers cloud-based solutions that help organizations secure user authentication processes. Okta has experienced rapid growth in recent years, reflecting rising demand for cybersecurity solutions. Between 2019 and 2024, Okta's revenue grew from $399.2 million to $2.26 billion. While profitability was a concern, the company achieved that recently, in the fourth quarter of fiscal year 2024. 

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