Okta (OKTA) Stock Price: Why It Increased Over 16% Today

By Amit Chowdhry ● Jun 3, 2022
  • The stock price of Okta Inc (NASDAQ: OKTA) increased by over 16% pre-market today. This is why.

The stock price of Okta Inc (NASDAQ: OKTA) increased by over 16% pre-market today. Investors are responding positively to Okta’s first-quarter results.

The company reported a Q1 EPS of ($0.27), which was $0.07 higher than analyst estimates of ($0.34). And the revenue for the quarter was $415 million compared to the consensus estimate of $389.05 million. 

In terms of guidance, Okta expects Q2 2023 revenue of between $428 million and $430 million, compared to the consensus of $422.25 million. And Okta expects FY2023 revenue of between $1.805 billion and $1.815 billion, compared to the consensus of $1.78 billion.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.