Okta Shares Slide Despite Strong October Quarter Results – Barrons

Okta shares are losing ground in late trading Wednesday despite reporting better-than-expected financial results for the fiscal third quarter ended on October 31.

The provider of identity management software posted revenue for the quarter of $351 million, up 61% from a year ago, and ahead of both the company’s guidance range of $325 million to $327 million and the Street consensus at $327 million.

Leave a comment

Your email address will not be published. Required fields are marked *