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home / news releases / okta is priced for more growth than what the firm ha

PANW - Okta Is Priced For More Growth Than What The Firm Has To Offer (Earnings Preview)

Palo Alto Networks Inc.

2024-05-23 22:02:00 ET

Summary

  • Okta is facing a more challenging macro environment as cross-selling to existing customers becomes more challenging. The firm is in the process of adjusting its sales tactics to address this.
  • Okta is implementing a "hunter-farmer" sales model and restructuring its sales department to focus on specialized teams for different sales approaches.
  • Okta may become an acquisition target as enterprises seek to simplify their security departments through platformization.

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For further details see:

Okta Is Priced For More Growth Than What The Firm Has To Offer (Earnings Preview)
Stock Information
Company Name: Palo Alto Networks Inc.
Stock Symbol: PANW
Market: NYSE
Website: paloaltonetworks.com
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