Okta Sees FY25 Adj. EPS $2.24-$2.29 vs $1.98 Est., Total Revenue $2.495B-$2.505B sv $2.48B Est.
Portfolio Pulse from Benzinga Newsdesk
Okta has updated its fiscal year 2025 guidance, projecting adjusted earnings per share (EPS) to be between $2.24 and $2.29, surpassing the estimated $1.98. The company also forecasts total revenue to range from $2.495 billion to $2.505 billion, slightly above the $2.48 billion estimate.
February 28, 2024 | 9:10 pm
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Okta has raised its FY25 adjusted EPS and total revenue forecasts above analyst estimates, indicating stronger than expected financial performance.
Raising guidance above analyst expectations typically leads to positive investor sentiment and can result in a short-term increase in stock price. Okta's announcement of higher than expected adjusted EPS and revenue for FY25 suggests confidence in its financial growth and operational efficiency, likely leading to increased investor confidence and potential stock price appreciation.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100