Okta's Rapid Revenue Growth Continued Unabated in Q1

Okta (NASDAQ: OKTA), an identity management platform provider, has morphed into a Wall Street darling recently. Following a sudden sharp decline in its stock price when the coronavirus market crash first started, Okta shares have rebounded to new highs recently. Investors have turned to high-growth tech stocks like Okta in a bet on the acceleration of digital trends as consumers shelter at home and as many companies are enabling their employees to work virtually.