Why Did Okta Soar 38.6% in April?
Okta (NASDAQ: OKTA) stock soared 38.6% in April, according to data from S&P Global Market Intelligence. Okta specializes in identity solutions that prevent hacking and unauthorized access to enterprise databases and websites.
During a live virtual event on April 1, , the company unveiled a pair of new enterprise products that use biometric technology. One of them, called Okta FastPass, lets end users create a secure link between their devices and the Okta Identity Cloud that eliminates the need for passwords.
The other, Okta Platform Services, is an extension of Okta's existing automation tools that will make it easier for IT teams and developers to build workflows across various applications and third-party services, including those from salesforce.com, Box, and Slack. Companies will also be able to more easily integrate Okta's biometric-based identity technology into their existing infrastructure, and it will let them update their identity solutions as technology changes.
Source Fool.com
