Okta shares pop 18% on earnings beat, strong guidance
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Okta shares surged 18% in extended trading following a strong earnings report that exceeded Wall Street expectations. The company's revenue increased by 14% compared to the previous year.
December 03, 2024 | 10:00 pm
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Okta's stock price jumped 18% in after-hours trading due to a strong earnings report that surpassed Wall Street's expectations. The company reported a 14% increase in revenue compared to the previous year, along with strong future guidance.
The 18% increase in Okta's stock price is directly linked to its earnings report, which exceeded expectations. The 14% revenue growth and strong guidance are positive indicators for future performance, likely driving the stock price up in the short term.
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