OKTA - Okta Stock Soars On Q4 Results: What's Going On? | Benzinga
Okta, Inc. (NASDAQ:OKTA) shares are blasting higher Thursday after the company posted better-than-expected fourth-quarter results and issued upbeat guidance.
The Details:
Okta reported quarterly earnings of 63 cents per share, beating the consensus estimate of 51 cents, and quarterly sales came in at $605 million, above the analyst consensus estimate of $587.5 million.
The company issued guidance above estimates for both the next quarter and fiscal year 2025. It sees first-quarter adjusted earnings per share of 54 cents to 55 cents, above the estimate of 42 cents, and total quarterly revenue of between $603 million and $605 million, versus the $584.89 million estimate.
Okta expects fiscal year 2025 earnings per share of between $2.24 and $2.29, above the $1.98 estimate, and total revenue of between $2.495 billion and $2.505 billion, versus the $2.48 billion estimate.
Several analysts have updated coverage on Okta following the print:
- WestPark Capital analyst Casey Ryan upgraded Okta from a Hold to a ...