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Shares of identity management software maker Okta (OKTA) jumped 27.7% in the pre-market session after the company reported an impressive "beat and raised quarter". Fourth quarter results outperformed Wall Street's revenue estimates, alongside strong free cash flow. Okta also provided optimistic revenue guidance for the next quarter, which exceeded analysts' expectations. Also, the company slightly raised its FY'25 outlook and now expects revenue growth of 10% to 11%, a non-GAAP operating margin ....
Okta (NASDAQ:OKTA – Get Free Report) updated its first quarter 2025 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 0.540-0.550 for the period, compared to the consensus estimate of 0.420. The company issued revenue guidance of $603.0 million-$605.0 million, compared to the consensus revenue estimate of $584.9 million. Okta also […] ....
Vinva Investment Management Ltd bought a new position in Okta, Inc. (NASDAQ:OKTA – Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 4,150 shares of the company’s stock, valued at approximately $338,000. Several other large investors have also bought and sold shares of […] ....
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