Okta Stock Surges On Strong Earnings, Raised Outlook—Key Price Levels to Watch
OKTAOkta(OKTA) Investopedia·2024-02-29 10:45

Key Takeaways Okta shares surged in extended-hours trading Wednesday after the company topped quarterly estimates and raised its full-year sales forecast amid growing momentum from larger customers. The company said it had acquired 120 customers in the fourth quarter with at least 100,000annualcontractvalue.Oktasharesmayfindoverheadchartresistanceat100,000 annual contract value. Okta shares may find overhead chart resistance at 108 and $145 from prior price action. Okta (OKTA) shares surged 23% in extended-hours trading on Wednesday evening after the cloud identity softwar ...