Okta's Earnings: Beating Expectations?

Okta, a leading identity management company, is set to announce its latest earnings this Tuesday. Last quarter, Okta surpassed revenue expectations by 2.3%, reporting $728 million, a 12.7% increase from the previous year. Analysts forecast a 9.8% year-over-year revenue growth for this quarter, reaching approximately $729.9 million. Okta has a consistent track record of outperforming Wall Streets revenue estimates, having done so every single time over the last two years. However, the company is heading into earnings with an average analyst price target of $118.80, compared to its current share price of $80.33.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.