Okta shares are trading lower following a report suggesting the company said its support system was breached using stolen credentials.
Portfolio Pulse from Benzinga Newsdesk
Okta's shares are trading lower following a report that the company's support system was breached using stolen credentials.
October 20, 2023 | 7:44 pm
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NEGATIVE IMPACT
Okta's stock price is trading lower due to a security breach in the company's support system.
The news of a security breach in Okta's support system has negatively impacted investor confidence, leading to a drop in the company's stock price. Security breaches can have significant financial and reputational consequences for companies, which is reflected in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100