- 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.
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