OKTA
Price
$104.62
Change
-$0.30 (-0.29%)
Updated
Mar 28, 6:59 PM EST
62 days until earnings call
WDAY
Price
$272.75
Change
-$0.87 (-0.32%)
Updated
Mar 28, 6:59 PM EST
61 days until earnings call
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Analysis and predictions OKTA vs WDAY

Header iconOKTA vs WDAY Comparison
Open Charts OKTA vs WDAYBanner chart's image
Okta
Price$104.62
Change-$0.30 (-0.29%)
Volume$512.7K
CapitalizationN/A
Workday
Price$272.75
Change-$0.87 (-0.32%)
Volume$621.32K
CapitalizationN/A
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OKTA vs WDAY Comparison Chart

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OKTADaily Signal changed days agoGain/Loss if shorted
 
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WDAYDaily Signal changed days agoGain/Loss if shorted
 
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VS
OKTA vs. WDAY commentary
Mar 29, 2024

To compare these two companies we present long-term analysis, their fundamental ratings and make comparative short-term technical analysis which are presented below. The conclusion is OKTA is a Hold and WDAY is a Buy.

COMPARISON
Comparison
Mar 29, 2024
Stock price -- (OKTA: $104.62 vs. WDAY: $272.80)
Brand notoriety: OKTA and WDAY are both notable
Both companies represent the Packaged Software industry
Current volume relative to the 65-day Moving Average: OKTA: 38% vs. WDAY: 55%
Market capitalization -- OKTA: $17.51B vs. WDAY: $72.07B
OKTA [@Packaged Software] is valued at $17.51B. WDAY’s [@Packaged Software] market capitalization is $72.07B. The market cap for tickers in the [@Packaged Software] industry ranges from $3.13T to $0. The average market capitalization across the [@Packaged Software] industry is $10.45B.

Long-Term Analysis

It is best to consider a long-term outlook for a ticker by using Fundamental Analysis (FA) ratings. The rating of 1 to 100, where 1 is best and 100 is worst, is divided into thirds. The first third (a green rating of 1-33) indicates that the ticker is undervalued; the second third (a grey number between 34 and 66) means that the ticker is valued fairly; and the last third (red number of 67 to 100) reflects that the ticker is undervalued. We use an FA Score to show how many ratings show the ticker to be undervalued (green) or overvalued (red).

OKTA’s FA Score shows that 0 FA rating(s) are green whileWDAY’s FA Score has 0 green FA rating(s).

  • OKTA’s FA Score: 0 green, 5 red.
  • WDAY’s FA Score: 0 green, 5 red.
According to our system of comparison, WDAY is a better buy in the long-term than OKTA.

Short-Term Analysis

It is best to consider a short-term outlook for a ticker by using Technical Analysis (TA) indicators. We use Odds of Success as the percentage of outcomes which confirm successful trade signals in the past.

If the Odds of Success (the likelihood of the continuation of a trend) for each indicator are greater than 50%, then the generated signal is confirmed. A green percentage from 90% to 51% indicates that the ticker is in a bullish trend. A red percentage from 90% - 51% indicates that the ticker is in a bearish trend. All grey percentages are below 50% and are considered not to confirm the trend signal.

OKTA’s TA Score shows that 3 TA indicator(s) are bullish while WDAY’s TA Score has 6 bullish TA indicator(s).

  • OKTA’s TA Score: 3 bullish, 5 bearish.
  • WDAY’s TA Score: 6 bullish, 4 bearish.
According to our system of comparison, WDAY is a better buy in the short-term than OKTA.

Price Growth

OKTA (@Packaged Software) experienced а -0.13% price change this week, while WDAY (@Packaged Software) price change was -1.33% for the same time period.

The average weekly price growth across all stocks in the @Packaged Software industry was +0.07%. For the same industry, the average monthly price growth was +3.49%, and the average quarterly price growth was +11.19%.

Reported Earning Dates

OKTA is expected to report earnings on May 30, 2024.

WDAY is expected to report earnings on May 29, 2024.

Industries' Descriptions

@Packaged Software (+0.07% weekly)

Packaged software comprises multiple software programs bundled together and sold as a group. For example, Microsoft Office includes multiple applications such as Excel, Word, and PowerPoint. In some cases, buying a bundled product is cheaper than purchasing each item individually[s20] . Microsoft Corporation, Oracle Corp. and Adobe are some major American packaged software makers.

SUMMARIES
A.I.dvisor published
a Summary for OKTA with price predictions.
OPEN
A.I.dvisor published
a Summary for WDAY with price predictions.
OPEN
FUNDAMENTALS
Fundamentals
WDAY($72.1B) has a higher market cap than OKTA($17.5B). OKTA YTD gains are higher at: 15.564 vs. WDAY (-1.181). WDAY has higher annual earnings (EBITDA): 752M vs. OKTA (-245M). WDAY has more cash in the bank: 7.81B vs. OKTA (2.2B). OKTA has less debt than WDAY: OKTA (1.3B) vs WDAY (3.3B). WDAY has higher revenues than OKTA: WDAY (7.26B) vs OKTA (2.26B).
OKTAWDAYOKTA / WDAY
Capitalization17.5B72.1B24%
EBITDA-245M752M-33%
Gain YTD15.564-1.181-1,318%
P/E RatioN/A52.36-
Revenue2.26B7.26B31%
Total Cash2.2B7.81B28%
Total Debt1.3B3.3B39%
FUNDAMENTALS RATINGS
OKTA vs WDAY: Fundamental Ratings
OKTA
WDAY
OUTLOOK RATING
1..100
824
VALUATION
overvalued / fair valued / undervalued
1..100
74
Overvalued
81
Overvalued
PROFIT vs RISK RATING
1..100
8651
SMR RATING
1..100
9248
PRICE GROWTH RATING
1..100
4151
P/E GROWTH RATING
1..100
10099
SEASONALITY SCORE
1..100
50n/a

Tickeron ratings are formulated such that a rating of 1 designates the most successful stocks in a given industry, while a rating of 100 points to the least successful stocks for that industry.

OKTA's Valuation (74) in the Packaged Software industry is in the same range as WDAY (81) in the Information Technology Services industry. This means that OKTA’s stock grew similarly to WDAY’s over the last 12 months.

WDAY's Profit vs Risk Rating (51) in the Information Technology Services industry is somewhat better than the same rating for OKTA (86) in the Packaged Software industry. This means that WDAY’s stock grew somewhat faster than OKTA’s over the last 12 months.

WDAY's SMR Rating (48) in the Information Technology Services industry is somewhat better than the same rating for OKTA (92) in the Packaged Software industry. This means that WDAY’s stock grew somewhat faster than OKTA’s over the last 12 months.

OKTA's Price Growth Rating (41) in the Packaged Software industry is in the same range as WDAY (51) in the Information Technology Services industry. This means that OKTA’s stock grew similarly to WDAY’s over the last 12 months.

WDAY's P/E Growth Rating (99) in the Information Technology Services industry is in the same range as OKTA (100) in the Packaged Software industry. This means that WDAY’s stock grew similarly to OKTA’s over the last 12 months.

TECHNICAL ANALYSIS
Technical Analysis
OKTAWDAY
RSI
ODDS (%)
Bearish Trend 1 day ago
74%
Bullish Trend 1 day ago
85%
Stochastic
ODDS (%)
Bullish Trend 1 day ago
82%
Bearish Trend 1 day ago
65%
Momentum
ODDS (%)
Bearish Trend 1 day ago
75%
Bullish Trend 1 day ago
78%
MACD
ODDS (%)
Bearish Trend 1 day ago
72%
Bullish Trend 1 day ago
74%
TrendWeek
ODDS (%)
Bearish Trend 1 day ago
72%
Bearish Trend 1 day ago
62%
TrendMonth
ODDS (%)
Bullish Trend 1 day ago
77%
Bearish Trend 1 day ago
62%
Advances
ODDS (%)
Bullish Trend 23 days ago
78%
Bullish Trend 8 days ago
67%
Declines
ODDS (%)
Bearish Trend 4 days ago
73%
Bearish Trend 1 day ago
63%
BollingerBands
ODDS (%)
Bearish Trend 1 day ago
78%
Bullish Trend 1 day ago
71%
Aroon
ODDS (%)
N/A
Bullish Trend 4 days ago
81%
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OKTADaily Signal changed days agoGain/Loss if shorted
 
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WDAYDaily Signal changed days agoGain/Loss if shorted
 
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WDAY and

Correlation & Price change

A.I.dvisor indicates that over the last year, WDAY has been loosely correlated with CLSK. These tickers have moved in lockstep 59% of the time. This A.I.-generated data suggests there is some statistical probability that if WDAY jumps, then CLSK could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To WDAY
1D Price
Change %
WDAY100%
-0.30%
CLSK - WDAY
59%
Loosely correlated
-8.31%
COIN - WDAY
56%
Loosely correlated
+3.28%
ADSK - WDAY
53%
Loosely correlated
-0.21%
NOW - WDAY
53%
Loosely correlated
+0.45%
CRWD - WDAY
53%
Loosely correlated
-0.52%
More