Okta (OKTA) closed at $116.24 within the newest buying and selling session, marking a +1.46% transf
Okta (OKTA) closed at $116.24 within the newest buying and selling session, marking a +1.46% transfer from the prior day. This modification outpaced the S&P 500’s 1.09% acquire on the day. On the identical time, the Dow added 1.21%, and the tech-heavy Nasdaq gained 1.34%.
Coming into in the present day, shares of the cloud identification administration firm had gained 7.71% prior to now month. In that very same time, the Laptop and Expertise sector misplaced 0.65%, whereas the S&P 500 misplaced 1.17%.
Traders might be hoping for energy from OKTA because it approaches its subsequent earnings launch. In that report, analysts anticipate OKTA to put up earnings of -$0.12 per share. This could mark a year-over-year decline of 200%. In the meantime, our newest consensus estimate is asking for income of $143.38 million, up 35.8% from the prior-year quarter.
For the total 12 months, our Zacks Consensus Estimates are projecting earnings of -$0.43 per share and income of $561.46 million, which might characterize adjustments of -34.38% and +40.63%, respectively, from the prior 12 months.
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