Okta, Inc. (OKTA) Had A "Terrific Conference Call," Says Jim Cramer

We recently published Jim Cramer Said AI Is A “Souped-Up Google” As He Discussed These 11 Stocks. Okta, Inc. (NASDAQ:OKTA) is one of the stocks Jim Cramer recently discussed.

Okta, Inc. (NASDAQ:OKTA) is an American software company that operates in the identity management and protection industry. Its shares are up by 16.7% year-to-date after having withstood a major 16% drop in May. The shares fell after the firm’s CEO warned that its growth could slow down due to macroeconomic conditions and strained customer budgets. Okta, Inc. (NASDAQ:OKTA)’s second-quarter earnings in August saw the firm’s earnings and revenue beat analyst estimates. Cramer discussed the firm’s earnings call:

“Todd did a fantastic, Todd McKinnon did a fantastic job on that call, and this is that whole identity issue, you’re going to hear from Crowdstrike, what is their response,. . .Todd was, is, self effacing at best. It was a terrific conference call, terrific.”

Here are Cramer’s previous thoughts about Okta, Inc. (NASDAQ:OKTA):

“Okay, Okta. I like Okta, but I gotta tell you, I got the CrowdStrike down like 40 gazillion points today. I’d rather own CrowdStrike nine days ahead of when the Earth stood still from their outage.”

While we acknowledge the potential of OKTA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.