OKTA
Okta, Inc.
OKTA has lower modeled downside risk, despite its lower overall score.
SNDK
Sandisk Corporation
SNDK has the edge over OKTA overall, supported by stronger fundamentals and stronger modeled upside.
OKTA Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Strong | |
| Unavailable |
OKTA's revenue, profitability and cash flow are currently healthy. There isn't enough data to rate its balance sheet.
SNDK Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
SNDK's revenue, profitability, cash flow and balance sheet are all currently strong.
OKTA PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 43x | $183 | — |
| Cheap | 62x | $103 | -44% |
| Fair | 83x | $138 | -24% |
| Expensive | 108x | $179 | -1.8% |
| Current | 110x | $183 | — |
Historical ranges are pointers, not guarantees.
OKTA's PE is 110x, but its earnings don't support one, so it isn't a reliable read right now.
SNDK PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 3.8x | $937 | — |
| Current | 7.5x | $937 | — |
| Cheap | 17x | $2,173 | +132% |
| Fair | 24x | $3,048 | +225% |
| Expensive | 59x | $7,452 | +695% |
Historical ranges are pointers, not guarantees.
SNDK has the edge over OKTA in the historical PE scenario, which offers more potential upside but is not a forecast.
OKTA Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Improving | |
| Broad | |
| High |
Analysts expect earnings and revenue growth for OKTA, with profitability improving.
SNDK Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| High |
Analysts expect strong earnings and revenue growth for SNDK, with profitability improving.
OKTA Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $4.22 | +154% |
| Q3 2024 | -$0.84 | +$2.84 |
| Q2 2024 | -$1.67 | +$2.67 |
| Q1 2024 | -$2.17 | +$2.99 |
| Q4 2023 | -$2.85 | +$3.00 |
| Q3 2023 | -$3.68 | +$2.29 |
| Q2 2023 | -$4.34 | +$2.12 |
| Q1 2023 | -$5.16 | +$0.57 |
| Q4 2022 | -$5.85 | -$1.17 |
OKTA has returned to profit: it earned $1.66 per share over the past year, after losing money the year before.
SNDK Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $247.30 | +97% |
| Q3 2026 | $125.61 | +$137.63 |
| Q2 2026 | $73.76 | +$85.07 |
| Q2 2025 | -$11.31 | -$6.65 |
SNDK has the edge over OKTA in the latest year-over-year earnings comparison.
OKTA Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $805M | +11% |
| Q2 2026 | $765M | +11% |
| Q1 2026 | $761M | +12% |
| Q4 2025 | $742M | +12% |
| Q3 2025 | $728M | +13% |
| Q2 2025 | $688M | +12% |
| Q1 2025 | $682M | +13% |
| Q4 2024 | $665M | +14% |
OKTA's revenue has grown year over year every quarter since late 2020: $805M last quarter, up 11% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 13% | +7.7 points |
| Q2 2026 | 7.3% | +1.7 points |
| Q1 2026 | 6% | +4.9 points |
| Q4 2025 | 3.1% | +5.5 points |
| Q3 2025 | 5.6% | +8.6 points |
| Q2 2025 | 5.7% | +13 points |
| Q1 2025 | 1.2% | +15 points |
| Q4 2024 | -2.4% | +17 points |
OKTA's operating margin was 13% last quarter, up 7.7 points from the same quarter a year ago, near the top of its range since 2019.
SNDK Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $11B | +378% |
| Q2 2026 | $9B | +372% |
| Q1 2026 | $6B | +251% |
| Q4 2025 | $3B | +61% |
| Q3 2025 | $2.3B | +23% |
| Q2 2025 | $1.9B | +8% |
| Q1 2025 | $1.7B | -0.6% |
| Q4 2024 | $1.9B | +13% |
SNDK's revenue has grown year over year for six quarters in a row: $11B last quarter, up 378% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 80% | +72 points |
| Q2 2026 | 78% | +78 points |
| Q1 2026 | 69% | +180 points |
| Q4 2025 | 35% | +25 points |
| Q3 2025 | 7.6% | -9 points |
| Q2 2025 | 0.9% | N/A |
| Q1 2025 | -111% | -122 points |
| Q4 2024 | 10% | +6.6 points |
SNDK has the edge over OKTA on profitability, with a higher operating margin.
OKTA Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $233M | +41% |
| Q2 2026 | $276M | +15% |
| Q1 2026 | $256M | -10% |
| Q4 2025 | $214M | +35% |
| Q3 2025 | $165M | +104% |
| Q2 2025 | $240M | +10% |
| Q1 2025 | $285M | +67% |
| Q4 2024 | $158M | +3.3% |
OKTA generated $979M in free cash flow over the past year, up 15% from the year before.
SNDK Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $6.3B | +1340% |
| Q2 2026 | $7.1B | +14355% |
| Q1 2026 | $3B | +$3B |
| Q3 2025 | $438M | +$636M |
| Q2 2025 | $49M | +$217M |
| Q1 2025 | -$18M | +$23M |
| Q3 2024 | -$198M | -$157M |
SNDK generated $17.4B in free cash flow over the past year, more than ten times what it generated the year before.
OKTA Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.6% | +1.1M shares |
| 1 year | -1.2% | -2.2M shares |
| 3 years | +11% | +17.5M shares |
| 5 years | +36% | +47M shares |
| Available history | +50% | +59.8M shares |
OKTA has the edge over SNDK on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $124M |
| Q2 2026 | $248M |
SNDK Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.6% | -1M shares |
| 1 year | +3.4% | +5M shares |
| 3 years | +6.9% | +10M shares |
SNDK has 154M diluted shares, up 3.4% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $5B |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
OKTA Net Leverage
SNDK Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.2x | Net Cash |
| Q2 2026 | -0.4x | Net Cash |
| Q1 2026 | -0.7x | Net Cash |
SNDK has more cash than debt.
OKTA Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 55.7 | Neutral |
| Stochastic | 54.8 | Neutral |
OKTA's weekly RSI is 56 (neutral) and its Stochastic is 55 (neutral).
SNDK Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 40.2 | Neutral |
| Stochastic | 10.6 | Oversold |
SNDK's weekly RSI is 40 (neutral) and its Stochastic is 11 (oversold).
OKTA PE vs Technology Sector
| Metric | OKTA | Sector median | Relative |
|---|---|---|---|
| PE | 110x | 28x | 295% above |
| PE % | 88 | 35 | 53 pts above |
OKTA is trading at 110x earnings, a 295% premium to the Technology sector's median of 28x, though its earnings don't support one.
SNDK PE vs Technology Sector
| Metric | SNDK | Sector median | Relative |
|---|---|---|---|
| PE | 7.5x | 28x | 73% below |
| PE % | 4 | 27 | 23 pts below |
SNDK has the edge over OKTA on valuation relative to its sector.
OKTA Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $199.8 | 8.6% below |
| 20 week MA | $171.3 | 6.6% above |
| 50 week MA | $121.6 | 50% above |
| 100 week MA | $108.8 | 68% above |
| 200 week MA | $95.6 | 91% above |
OKTA has stronger trend alignment. OKTA is above 4 of 5 weekly averages versus SNDK above 0 of 3.
SNDK Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $1,317.5 | 29% below |
| 20 week MA | $1,465.4 | 36% below |
| 50 week MA | $1,119.6 | 16% below |
SNDK is in a downtrend: it's below all three of its weekly moving averages, and 16% below its 50-week average.
OKTA Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $119.9 | $275.6 | +130% |
| 2021 | $275.6 | $228.3 | -17% |
| 2022 | $228.3 | $67.0 | -71% |
| 2023 | $67.0 | $90.5 | +35% |
| 2024 | $90.5 | $81.6 | -9.8% |
| 2025 | $81.6 | $88.6 | +8.5% |
| 2026 YTD | $88.6 | $182.5 | +106% |
OKTA's yearly returns have swung widely, from +130% in 2020 to −71% in 2022. It's up 106% so far in 2026.
SNDK Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2025 | $50.4 | $250.1 | +396% |
| 2026 YTD | $250.1 | $937.5 | +275% |
SNDK has the edge over OKTA on returns for 2026, with the stronger performance.