15 Software Infrastructure Stocks Outperforming In 2025

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8. Okta Inc. (NASDAQ:OKTA)

Okta Inc. provides identity solutions to businesses. The company offers a portfolio of products and services including Single Sign-On, API Access Management, Access Gateway, Adaptive Multi-Factor Authentication, and Okta Device Access. OKTA sells its products through channel partners and sales force. The company’s stock is up 23% this year.

Okta may be a relatively smaller player but its growth rate has impressed many in the industry. In the last 8 years, the company has grown revenue at an average rate of 40%. This is better than its peers like Cisco, Palo Alto Networks, and Fortinet. But what’s driving the recent surge in price?

Okta is focusing on acquiring high-quality large customers. Its products are quickly becoming a top priority for companies looking to secure their systems as security continues to remain a top priority for many companies, second only perhaps to generative AI.

The company finally turned profitable in late 2024 which is one reason why the stock started to tick upwards after a volatile year. This upward momentum is likely to continue as the company cements its position in the industry in 2025.

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