Okta shares are trading higher after the company reported better-than-expected Q2 financial results, issued Q3 adjusted EPS and total revenue guidance above estimates and raised FY24 adjusted EPS and total revenue guidance above estimates.
Portfolio Pulse from Benzinga Newsdesk
Okta reported better-than-expected Q2 financial results and issued Q3 adjusted EPS and total revenue guidance above estimates. The company also raised FY24 adjusted EPS and total revenue guidance above estimates, leading to a rise in its share price.
August 30, 2023 | 8:24 pm
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POSITIVE IMPACT
Okta's better-than-expected Q2 results and positive future guidance have led to a rise in its share price.
Okta's strong Q2 results and positive future guidance indicate a healthy financial performance, which is a positive signal to investors. This has led to an increase in demand for the stock, driving up its price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100