Pillar Of America's Cyber Security Lost Funding Temporarily: What Investors Should Know About CVE Program, Funding Extension
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 17 2025
0mins
Should l Buy OKTA?
Source: Benzinga
CVE Program Funding Extended: The Common Vulnerabilities and Exposures (CVE) program, crucial for identifying cybersecurity vulnerabilities, has had its funding extended for 11 months after a last-minute deal with the U.S. Department of Homeland Security, alleviating concerns about potential lapses in critical cybersecurity services.
Impact on Cybersecurity Sector: Experts warned that without the CVE program, organizations could face increased vulnerabilities to cyber threats, emphasizing the program's importance as a cornerstone of the global cybersecurity ecosystem amidst rising cyber attacks.
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Analyst Views on OKTA
Wall Street analysts forecast OKTA stock price to rise
31 Analyst Rating
22 Buy
8 Hold
1 Sell
Moderate Buy
Current: 84.910
Low
75.00
Averages
114.03
High
145.00
Current: 84.910
Low
75.00
Averages
114.03
High
145.00
About OKTA
Okta, Inc. is an independent identity partner. The Company’s Okta Platform and Auth () Platform enable its customers to securely connect the right people to the right technologies and services at the right time. It offers independent and neutral cloud-based identity solutions that allow customers to integrate with nearly any application, service or cloud that they choose through its platforms. Organizations use the Company’s Identity Platform to collaborate with their partners, and to provide their customers with secure experiences in the cloud and via mobile devices. Developers leverage the Workforce Identity Cloud and Customer Identity Cloud, powered by Auth (), to securely and efficiently embed identity into the software they build, allowing them to innovate and focus on their core missions. Its Okta Platform enables its customers to automate and secure access across their ecosystem of employees, contractors and partners, increasing collaboration across their workforces.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Low Earnings Growth Expectation: Okta is projected to have only 7% earnings growth this year, which has kept it off Jim Cramer's recommended list, reflecting a cautious market outlook on its future performance.
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- Attractive Valuation: With Okta's stock currently trading at just 23 times this year's expected earnings, Cramer sees it as a buying opportunity worth considering, despite the prevailing negative market sentiment, as its fundamentals remain strong.
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