Okta Raises FY25 Total Revenue Outlook From $2.495B - $2.505B To $2.53B - $2.54B (Est $2.508B), Adj EPS From $2.24 - $2.29 To $2.35 - $2.40 (Est $2.32)
Portfolio Pulse from Benzinga Newsdesk
Okta has raised its FY25 total revenue outlook from $2.495B - $2.505B to $2.53B - $2.54B, surpassing the estimated $2.508B. Additionally, the company has increased its adjusted EPS forecast from $2.24 - $2.29 to $2.35 - $2.40, exceeding the estimated $2.32.
May 29, 2024 | 8:10 pm
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POSITIVE IMPACT
Okta has raised its FY25 revenue and adjusted EPS outlook, surpassing market estimates. This positive revision indicates strong business performance and could lead to a short-term increase in stock price.
The upward revision in both revenue and adjusted EPS forecasts, surpassing market estimates, suggests strong business performance and is likely to positively impact Okta's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100