Market Closed - Nasdaq Other stock markets | 5-day change | 1st Jan Change | ||
93.61 USD | +1.34% | | +7.71% | +3.40% |
06-24 | Okta, Inc. Appoints Anthony Bates to Board of Directors | CI |
06-12 | Okta Insider Sold Shares Worth $1,645,987, According to a Recent SEC Filing | MT |
October 31, 2022 at 03:12 pm
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80% of the organizations are operating a hybrid IT model, according to the 2022 Flexera State of the Cloud Report. For many of these organizations, identity is playing a pivotal role in simplifying IT operations, enabling superior end user experience, and upholding security posture. Innovators such asAvery Dennisonare using Okta Access Gateway to extend modern, cloud-based security from Okta to their on-prem apps such as Oracle E-Business Suite, consolidating siloed identities, processes, and security policies across the hybrid IT environment onto a single Okta platform.
We've seen tremendous customer momentum for Okta Access Gateway across industry verticals and geographies. Motorola, Nordstrom, and Zurich Insurance Company are some of the new Okta Access Gateway customers, just to name a few. As of October 2022, we have over 15 million total assigned users, representing an astonishing 75% growth vs. YA. We're also seeing the number of customers that exceed 1 million authentications per month grow consistently, with our largest customers such as Farmers Insurance exceeding 10 million authentications per month.
All of these organizations rely on Okta Access Gateway to bring modern security to their on-prem apps and reduce their dependence on legacy Web Access Management (WAM) systems thatare increasingly expensive and complex to manage.
Ready for a multi-cloud world?
We are thrilled to announce that customers can now deploy the latest version (v.2022.10) of Okta Access Gateway on Google Cloud Platform (GCP). With this release, Okta is even more uniquely positioned to support the evolving hybrid and multi cloud requirements of the world's largest organizations and an identity provider that can truly bridge on-prem across all major virtualization and cloud infrastructure providers such asAmazon Web Services (AWS), Microsoft Azure, Oracle Cloud Infrastructure (OCI), VMware vSphere, and Nutanix AHV. Learn more about how to deploy Okta Access Gateway on GCPhere.
In addition to expanding our support for more cloud platforms, we are continuing to improve the day-to-day operations of Okta Access Gateway.
- Earlier this year, we enabled Okta Access Gateway administrators to use Prometheus and Open Telemetry to monitor the health of Okta Access Gateway instances in realtime, allowing them to examine a comprehensive set of human readable metrics in open metrics format (e.g., cluster, disk, CPU, I/O, and networking). The metrics monitoring capability was an addition to our existing status monitoring and REST API monitoring capabilities. Learn how to implement metrics monitoringhere.
- Okta Access Gateway can also act as a load balancer for protected web resources since March 2022. Okta Access Gateway administrators can now enable load balancing by application directly in the Admin UI console and are no longer required to use external load-balancing products. Learn more about Okta Access Gateway load balancinghere.
Looking ahead
We will continue making product enhancements to help customers scale their hybrid IT operations with Okta Access Gateway by introducing apps API,which will allowcustomers to bulk migrate apps from legacy WAM systems to Okta Access Gateway and promote Okta Access Gateway from development to production environment by being able to clone configurations. Stay tuned for this and other upcoming Okta Access Gateway features.
Start exploring Okta Access Gateway today
Start exploring Okta Access Gateway to modernize access to your on-prem apps and move off of your expensive and complex legacy WAM systems today! For more information, please visit the Okta Access Gatewayproduct page.
Attachments Disclaimer Okta Inc. published this content on 31 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 October 2022 19:11:02 UTC.
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Latest news about Okta, Inc.
Okta, Inc. Appoints Anthony Bates to Board of Directors | CI | |
Okta Insider Sold Shares Worth $1,645,987, According to a Recent SEC Filing | MT | |
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Company Profile
Okta, Inc. is an independent identity provider company. The Company's Okta Identity Platform is an independent and neutral cloud-based identity solution that allows its customers to integrate with nearly any application, service or cloud that they choose through its secure platform and cloud infrastructure. Its Workforce Identity Cloud is used as the central system for an organizationâs connectivity, access, authentication and identity lifecycle management needs spanning all of its users, technology and applications. Its Workforce Identity products include Universal Directory, Single Sign-On, Adaptive Multi-Factor Authentication, Lifecycle Management, API Access Management, Access Gateway, Advanced Server Access and Okta Identity Governance. The Companyâs Customer Identity products include Universal Login, Attack Protection, Adaptive Multi-Factor Authentication, Passwordless, Machine to Machine, Private Cloud, Organizations, Actions and Extensibility, and Enterprise Connections.
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Calendar
2024-08-27 - Q2 2025 Earnings Release (Projected)
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ESG Refinitiv
C-
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Mean consensus
OUTPERFORM
Number of Analysts
39
Last Close Price
93.61USD
Average target price
114.4USD
Spread / Average Target
+22.22%
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