Okta Inc (#OKTA) Stock Price, Live Chart & Analysis | Trade #OKTA

The American company Okta Inc develops software that helps companies manage and secure websites and applications as well as user info. Founded in 2009, it is headquartered in San Francisco, California. The company's platform includes applications for protecting and managing user authentication information and cloud software for storing user profiles. With the help of Okta products, users can access their applications via the cloud or locally from various devices.

The company serves clients from various fields: small and medium-sized businesses, government and educational institutions. Okta also cooperates with application and infrastructure providers: Amazon, Microsoft, Google, Atlassian, Cisco, CyberArk. Paid subscriptions to cloud services constitute the largest part of the Okta's revenue.

The OKTA stock price is in a long-term uptrend, which should attract long-term investors. Tens of thousands of applications and websites are launched around the world every year. Many IT companies prefer to work remotely and store their data in a the cloud. Many companies spend a lot on data security, so Okta products will always be in demand. However, the competition in this area is extremely high. Large corporations like Microsoft, Google, IBM, CA Technologies, Oracle create entire divisions developing cloud technologies, and their brands are known all around the world. There are a lot of cloud products on the market, and the most important factor for the OKTA stock price is consumer preferences. If consumers choose the products of Okta, the company's stock will rise in value.

When trading OKTA stocks, traders should take into account the industry news and study the company's financial statements. Positive reports attract more investors. When important information is published, market volatility increases. This is often used in day trading.