Is Okta Stock a Buy Now?

Investors aren't sure what to make of (NASDAQ: OKTA) stock ahead of its late May earnings report. On one hand, the cybersecurity specialist looks poised for many years of potentially market-thumping growth as it gains share in key niches like digital-identity management. Yet Wall Street's optimism around those gains is tempered by Okta's poor finances following two consecutive years of big net losses.

The cloud-services company is aiming to take a step toward profitability in this fiscal year and might show progress along those lines in its upcoming report. So let's take a look at why investors might want to watch this stock as an attractive long-term holding.

Many software and cybersecurity companies offer identity-management services as part of much wider portfolios. But the main appeal for Okta is its focus on these mission-critical solutions.

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Source Fool.com