Why Okta's Shares Tumbled 14% Last Month
Shares of (NASDAQ: OKTA), an identity and access management (IAM) cybersecurity company, fell 14.2% in February, according to data provided by S&P Global Market Intelligence, after artificial intelligence company Anthropic debuted a new security tool that scans computer code for vulnerabilities.
Investors have been jittery about how artificial intelligence companies might disrupt established tech leaders, and that fear spread to many cybersecurity stocks last month, including Okta.
Image source: Getty Images.
Source Fool.com
Okta Inc. Aktie
128,26 €
2,49 %
Klarer Community-Favorit: Okta Inc. mit vielen Buy- und wenigen Sell-Einschätzungen.
Ein negatives Potenzial von -6.44% für Okta Inc., trotz eines Kursziels von 120 €, das niedriger als 128.26 € ist.
