Okta Stock Is Rising. Analyst Predicts a ‘Groundswell of Catalysts.’ Okta (OKTA) closed the most recent trading day at $231.82, moving -1.7% from the previous trading session. Without an expanding sales footprint, it can be hard to boost profit margins, cash flow, and earnings.How did okokta (Okta) perform in the latest trading session?
Okta (OKTA) closed at $190.90 in the latest trading session, marking a +1.4% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.28%. Elsewhere, the Dow gained 0.29%, while the tech-heavy Nasdaq added 0.16%.Why did okokta stock surge after Q3 earnings?
Okta (NASDAQ: OKTA) shares surged on the company's third-quarter earnings report as it showed continuing progress in the integration of Auth0 and its revenue growth rate accelerated modestly.What does Wall Street see for okta's (Okta) Q4?
Wall Street will be looking for positivity from Okta as it approaches its next earnings report date. On that day, Okta is projected to report earnings of -$0.24 per share, which would represent a year-over-year decline of 500%. Meanwhile, our latest consensus estimate is calling for revenue of $359.38 million, up 53.1% from the prior-year quarter.