Okta Announces Record Fourth Quarter and Fiscal Year 2019 Financial Results
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Okta, Inc (OKTA) PT Raised to $85 at Canaccord Genuity; Could Hit $150 by 2023
March 8, 2019 8:10 AM ESTCanaccord Genuity analyst Richard Davis raised the price target on Okta, Inc (NASDAQ: OKTA) to $85.00 (from $75.00) while maintaining a Buy rating following results.
While expense, analyst said you can make a rational case for $150 stock in 2023FQ4 operating... MoreOkta, Inc. (OKTA) Tops Q4 EPS by 4c, Revenues Beat; Offers Q1 & FY20 EPS Guidance Below Consensus, Q1 & FY20 Revenues Guidance Above Consensus
March 7, 2019 4:09 PM ESTOkta, Inc. (NASDAQ: OKTA) reported Q4 EPS of ($0.04), $0.04 better than the analyst estimate of ($0.08). Revenue for the quarter came in at $115.5 million versus the consensus estimate of $107.95 million.
"We\'re pleased to close out a strong fourth quarter and fiscal year thanks to our relentless execution and focus on customer success, which is demonstrated by 53% subscription revenue growth and 50% growth in customers with over $100,000 annual recurring revenuein Q4," said Todd McKinnon, CEO of Okta. "Large customers are increasingly turning to Okta as the identity standard for both their workforce and customers. The... More
