Why Okta Stock Is Rising After Hours
Portfolio Pulse from Ryan Gustafson
Okta, Inc. (NASDAQ:OKTA) reported Q2 earnings of 31 cents per share, beating the analyst consensus estimate of 22 cents, and a 410% increase over losses from the same period last year. The company also reported quarterly sales of $556.00 million, beating the analyst consensus estimate of $534.54 million. Okta raised its full-year 2024 total revenue and earnings per share estimates. Shares of OKTA were up 11.0% after-hours.
August 30, 2023 | 8:27 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Okta reported strong Q2 earnings and sales, and raised its full-year 2024 guidance, leading to a rise in its stock price.
Okta's better-than-expected Q2 earnings and sales, along with raised full-year 2024 guidance, indicate strong performance and positive future outlook, which are likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100