Tag: $Okta

Okta Inc.’s stock tumbled 9% in after-hours trade Wednesday, after the secure-identity cloud company’s fiscal second-quarter earnings beat estimates, but guidance was mixed.

Okta Inc. issued an upbeat outlook Wednesday afternoon while saying that its emphasis on profitability is paying off. Its stock was rose more than 23% in the extended session.

Okta, the identity-management software company, reported better-than-expected financial results and said it saw signs of stabilization in spending on information technology.

Okta delivered a “beat-and-raise quarter” Wednesday, as the identity management software provider posted stronger-than-expected financial results for its fiscal first quarter, while boosting guidance for the January 2024 fiscal year.