Okta Boosts FY24 Total Revenue Guidance From $2.155B-$2.170B To $2.175B-$2.185B (Consensus $2.17B)
Portfolio Pulse from Benzinga Newsdesk
Okta has increased its FY24 total revenue guidance from $2.155B-$2.170B to $2.175B-$2.185B, slightly above the consensus estimate of $2.17B.
May 31, 2023 | 8:17 pm
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POSITIVE IMPACT
Okta's raised FY24 revenue guidance is expected to have a positive short-term impact on its stock price.
Okta has raised its FY24 revenue guidance to a range slightly above the consensus estimate, which is likely to be perceived positively by investors. This may lead to increased demand for the stock, driving its price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100