Okta Has Lots of Growth Ahead, but It Doesn’t Come Cheap

Cloud-based identity-management leader Okta (NASDAQ: OKTA) keeps putting up impressive results. The company occupies one of the most promising niches in cybersecurity, and it's consolidating that fast-growing market to itself.

The third-quarter report it released last week showed its strong performance continuing, but Wall Street shrugged its shoulders in response.

Investors have sent Okta's shares on an epic run since the company went public in early 2017. The stock is up by more than 400% in that time. In light of that, the muted price action that followed the earnings release shouldn't be totally surprising, although eventually, the market will have to react if the data security outfit can keep this up.

Source Fool.com