Jim Cramer Says He Would “Rather Own CrowdStrike” Than Okta

Okta, Inc. (NASDAQ:OKTA) is one of the stocks Jim Cramer shared his thoughts on. When a caller asked about the company during the lightning round, Cramer said:

“Okay, Okta. I like Okta, but I gotta tell you, I got the CrowdStrike down like 40 gazillion points today. I’d rather own CrowdStrike nine days ahead of when the Earth stood still from their outage.”

Jim Cramer Says He Would "Rather Own CrowdStrike" Than Okta

A mobile application developer programming on a tablet, illustrating the power of the company’s adaptive multi-factor authentication.

Okta (NASDAQ:OKTA) provides identity management solutions that secure user access across devices, applications, and systems. The company offers products such as Single Sign-On, Multi-Factor Authentication, API security, identity governance, and access control for both cloud and on-premises environments. During a June episode, Cramer said he wants to “own more Okta,” as he commented:

“You buy Okta. Todd McKinnon is unbelievable. He came on the show. He said a lot of good things. I think that he’s being conservative. I want to own more Okta, but to be sure, I like CrowdStrike and I like Palo Alto. I think both of them have a little more game than Okta.”

While we acknowledge the risk and potential of OKTA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than OKTA and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.