Okta's Q3 Beat: Shares Surge 4.8%

Oktas Q3 financial results surpassed expectations, with a 11.6% revenue increase to $742 million and adjusted earnings of $0.82 per share, beating analyst predictions. The companys optimistic Q4 forecast and raised full-year adjusted earnings guidance boosted investor confidence. Shares initially jumped 3.6% and closed up 4.8% at $86.26, reflecting a positive market reaction. Despite recent volatility, Oktas shares are up 9.4% year-to-date, but still trading 32.2% below their 52-week high.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.