Okta Sees Q4 Revenue Of $585M - $587M Vs. $580.27 Est: Adj EPS Of $0.50 - $0.51 Vs. $0.35 Est.
Portfolio Pulse from Benzinga Newsdesk
Okta has reported its Q4 revenue forecast to be between $585M and $587M, surpassing the estimated $580.27M. The company also expects adjusted EPS to be between $0.50 and $0.51, which is higher than the estimated $0.35.
November 29, 2023 | 12:26 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Okta's Q4 revenue forecast and adjusted EPS both exceed analyst estimates, indicating strong performance and potential positive investor sentiment.
Okta's reported revenue and EPS forecasts are both higher than analyst expectations, which typically leads to a positive reaction in the stock market as it indicates better-than-anticipated financial health and growth prospects. This news is likely to increase investor confidence and could result in a short-term uptick in Okta's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100