Zscaler vs. Okta: Which Cybersecurity Stock Is the Better Buy?
OKTA's steadier growth, lower valuation, cross-selling potential and AI-agent upside make it the more attractive cybersecurity stock right now.
Zacks Investment Research8/18/2026Positive
OKTA
Okta IncNASDAQTECHNOLOGYSOFTWARE - INFRASTRUCTURE
Key Statistics
Market Cap
$25.62B
P/E Ratio
106.06
EPS
$1.39
Beta
0.76
52W High
$157.00
52W Low
$62.66
50-Day MA
$135.71
200-Day MA
$96.96
Dividend Yield
—
Profit Margin
8.24%
Forward P/E
38.46
PEG Ratio
1.40
About Okta Inc
Okta Inc. is a premier provider in the identity and access management sector, delivering cutting-edge authentication solutions that enhance digital security and improve user experience for enterprises. With a comprehensive suite of services such as single sign-on, multi-factor authentication, and identity lifecycle management, Okta empowers organizations to manage user identities seamlessly across complex hybrid IT environments. Known for its innovative technology and dedication to exceptional customer support, Okta is well-positioned for continued growth in the rapidly evolving cybersecurity landscape, making it a vital partner for businesses navigating digital transformation.
Fundamentals
| Revenue (TTM) | $3.00B |
| Gross Profit (TTM) | $2.32B |
| EBITDA | $267.00M |
| Operating Margin | 7.32% |
| Return on Equity | 3.67% |
| Return on Assets | 1.14% |
| Revenue/Share (TTM) | $16.99 |
| Book Value | $39.34 |
| Price-to-Book | 3.71 |
| Price-to-Sales (TTM) | 8.55 |
| EV/Revenue | 7.83 |
| EV/EBITDA | 64.06 |
| Quarterly Earnings Growth (YoY) | 21.20% |
| Quarterly Revenue Growth (YoY) | 11.20% |
| Shares Outstanding | $166.12M |
| Float | $165.64M |
| % Insiders | 0.56% |
| % Institutions | 98.04% |
Historical Volatility
HV 10-Day
53.23%
HV 20-Day
44.24%
HV 30-Day
52.68%
HV 60-Day
79.01%
HV Rank
56.3%
Volatility is currently expanding
Analyst Ratings
Consensus ($132.23 target)
8
Strong Buy25
Buy10
Hold1
Strong SellLatest News
Okta (OKTA) Is Considered a Good Investment by Brokers: Is That True?
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Zacks Investment Research8/11/2026Neutral
Zacks Industry Outlook Palo Alto Networks, Fortinet, and Okta
Palo Alto Networks, Fortinet, and Okta have been highlighted in this Industry Outlook article.
Zacks Investment Research8/7/2026Neutral
3 Security Stocks to Bet on Now as Industry Trends Show Promise
The Zacks Security industry participants, PANW, FTNT and OKTA, gain from surging demand for cybersecurity solutions amid accelerating digital transformation and cloud migration strategies.
Zacks Investment Research8/6/2026Positive
The Big 3: META, OKTA, GLD
Charles Moon maps out the fundamental case for a trio of names on his radar: Meta Platforms (META), Okta Inc. (OKTA) and the GLD ETF. As markets reach new all-time highs, he explains why he's looking at 3 very different investing opportunities while Rick Ducat dives deep into the technical chart formations to monitor.
Schwab Network8/4/2026Neutral
Okta: The Quiet Turn From Cash Burn To Cash Machine
Okta (OKTA) leads the independent IAM market with 41% share, maintaining a strong, vendor-neutral position despite Microsoft's bundled competition. OKTA has achieved GAAP profitability and robust free cash flow, with a $2.2bn net cash position supporting optionality for buybacks and acquisitions. Growth is slowing—FY27 guidance is ~9%—but the business is transitioning to a sustainable, cash-generative compounder, justifying a fair-to-modestly undervalued rating.
Seeking Alpha8/4/2026Positive
Okta Inks Permiso Purchase to Expand Identity Threat Defense
Okta plans to add identity threat detection and response capabilities to its identity management platform by acquiring Permiso Security. The acquisition will add Permiso's identity risk signals, behavioral analytics and threat detections to Okta's platform, Okta said in a Thursday (July 30) press release.
PYMNTS7/31/2026Positive
Okta buys AI security startup Permiso; source says for about $200M
Okta on Thursday agreed to acquire AI identity security startup Permiso Security, betting that demand for protecting AI agents and other machine identities will grow as enterprises deploy autonomous software across their operations.
TechCrunch7/30/2026Positive
Okta Stock's Pullback Could Be A Buying Opportunity
Cloud software stock Okta (OKTA) has taken a 14% breather after hitting a four-year high of $157.00 on July 15, last seen down 0.8% to trade at $135.16 today. The shares are still up 55.6% in 2026, however, and an unwinding of bearish sentiment could give the identity and access management stock another lift.
Forbes7/29/2026Positive
Should Investors Buy Zscaler Stock Instead of Okta Stock?
The cybersecurity industry has been one of my top-ranked industries over the prior three years.
The Motley Fool7/28/2026Neutral
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Data last updated: 8/18/2026