Okta Stock Falls as Outlook Disappoints. Time to Buy the Dip?
OKTAOkta(OKTA) The Motley Fool·2024-09-04 20:30

Shares crashed as investors worry about future growth.Okta (OKTA -3.42%) shares spiraled lower after the cybersecurity company reported solid second-quarter results but offered a disappointing outlook.On the face of it, the latest numbers looked good. Okta's Q2 revenue jumped 16% year over year to 646million,whilesubscriptionrevenueclimbed17646 million, while subscription revenue climbed 17% to 632 million. Adjusted earnings per share (EPS) surged from 0.31ayearagoto0.31 a year ago to 0.72. The company had guided for 13% to 14% revenue growth and adjusted EPS ...