Okta, Inc (OKTA) PT Raised to $130 at Citi

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Go back to Okta, Inc (OKTA) PT Raised to $130 at Citi

Okta (OKTA) Stock Surges 15% After Beat-and-raise, Results 'Strong' Against a 'Wall of Worry' Says Analyst

June 3, 2022 7:54 AM EDT

Shares of Okta (NASDAQ: OKTA) are up over 15% in pre-market Friday after the company reported better-than-expected Q1 earnings and hiked its full-year outlook.

The company reported a first-quarter adjusted loss per share of 27c, compared to a 10c loss per share in the year-ago period and the estimated loss per share of 33c. The Q1 revenue came in at $414.9 million, up 65% YoY and above the consensus projection of $388.9 million.

The company... More