Cybersecurity Firm Okta Posts Q3 Earnings, Revenue Beat; Shares Jump
Okta(OKTA) Investor's Business Daily·2024-12-04 06:22
Okta (OKTA) stock surged on Tuesday after the cybersecurity firm reported third-quarter earnings and revenue that topped consensus estimates. Revenue guidance also came in above views.Reported after the market close, Okta earnings were 67 cents per share on an adjusted basis for the quarter ending Oct. 31, up 52% from a year earlier. San Francisco-based Okta said revenue climbed 14% to $665 million.Analysts had expected Okta earnings of 58 cents on revenue of $650 million."Results were highlighted by subscr ...