Okta, Inc (OKTA) PT Raised to $94 at Wolfe Research
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Okta (OKTA) surges 15% after beat-and-raise quarter, analyst upgrades as 'stability is restored'
March 2, 2023 9:01 AM ESTShares of Okta (NASDAQ: OKTA) are trading about 15% higher in pre-market after the cybersecurity company gave a robust full-year forecast.
Okta reported adjusted Q4 EPS of $0.30 on revenue of $510 million, beating the consensus for earnings of $0.21 on revenue of $489.8M. Revenue soared 33%, driven by the 34% surge in subscription revenue to $495M. Okta also reported calculated billings of $710M, beating the consensus of $661.3M.
Were pleased with our fourth quarter financial performance and the continued improvement of our go-to-market execution, said Todd McKinnon, Chief Executive... More
