CyberArk outperforms Okta, analysts favor CyberArk

CyberArk Software Ltd. has outperformed Okta, Inc. in their recent Q4 results. This marks a shift in preference among analysts, who now favor CyberArk over Okta. As a result, analysts have downgraded Okta's rating to "Hold" while maintaining a "Buy" rating for CyberArk. This change reflects the latest performance metrics from both companies. The update highlights a competitive shift in the identity management sector, with CyberArk gaining an edge over Okta based on recent financial results.