Volatile stock returns this year suggest that investors haven't decided just what to make of 's (NASDAQ: OKTA) business in 2023. On the one hand, the software specialist is building a leading market share position in a tech niche that could see strong growth for many years. It is pairing solid sales gains with improving financial metrics like cash flow, too.
Offsetting these positive trends is the fact that Okta continues to generate significant net losses. And competition remains fierce in the cybersecurity and digital transformation niches, including from much larger rivals.
With that bigger picture in mind, let's look at the software-as-a-service stock to see if it's a good buy right now.
Source Fool.com