Okta Sees FY24 Revenue Of $2.243B - $2.245B Vs. $2.21B Est; Sees Adj EPS Of $1.47 - $1.48 Vs. $1.18 Est.
Portfolio Pulse from Benzinga Newsdesk
Okta forecasts FY24 revenue to be between $2.243B and $2.245B, surpassing the estimated $2.21B. The company also projects adjusted EPS to be $1.47 - $1.48, which is higher than the estimated $1.18.
November 29, 2023 | 12:28 pm
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Okta projects higher-than-expected revenue and adjusted EPS for FY24, indicating potential growth and profitability.
Okta's projected revenue and EPS for FY24 are both higher than analysts' estimates, which is a strong positive signal for the company's financial health and growth prospects. This news is likely to be received positively by investors and could lead to a short-term increase in Okta's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100