Jim Cramer Says He Like Okta Because He Likes Identity Management

Okta, Inc. (NASDAQ:OKTA) is one of the stocks Jim Cramer offered insights on. When Cramer was asked about the stock during the lightning round, Cramer said:

“I like Okta because I like identity management. But you know what? Palo Alto’s got great identity management now that they’re buying CyberArk, so I got to send you over to PANW.”

Okta, Inc. (NASDAQ:OKTA) provides identity and access management solutions through products like Single Sign-On, Adaptive Multi-Factor Authentication, API security, and device access, along with governance, lifecycle, and server access tools. Its platform also includes universal login, attack protection, and extensibility features to secure users, applications, and cloud infrastructure. During a July episode, Cramer said that he likes Okta, Inc. (NASDAQ:OKTA), but he prefers CrowdStrike instead. He commented:

“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.”

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