Okta shares are trading lower despite the company reporting better-than-expected Q1 financial results and raising guidance.
Portfolio Pulse from Benzinga Newsdesk
Okta shares are trading lower despite the company reporting better-than-expected Q1 financial results and raising guidance.
June 01, 2023 | 12:45 pm
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Okta shares are trading lower despite better-than-expected Q1 financial results and raised guidance.
Okta reported better-than-expected Q1 financial results and raised its guidance, which should have been positive news for the stock. However, the stock is trading lower, indicating that the market may have already priced in the positive news or there are other factors at play causing the decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100