Okta Stock Falls Despite Strong Revenue Growth. Is This a Golden Opportunity to Buy?
Okta(OKTA) The Motley Fool·2024-06-03 17:25
Here's why the stock fell despite strong results and raised guidance.Share prices of Okta (OKTA -0.15%) slid following its fiscal 2025 first-quarter earnings report (for the quarter ending April 30) despite the cybersecurity company reporting strong revenue growth and increasing guidance.Let's dive into the company's most recent results to see why the stock fell and whether or not this is a great time to buy.A beat-and-raise quarterOkta's overall revenue climbed 19% year over year in Q1 to $617 million, whi ...