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Benzinga

Business

Adam Eckert

UNCOVERED: Why okta stock is rising today - The Untold Story

Okta Inc (NASDAQ:OKTA) shares are trading higher Friday after the company reported better-than-expected financial results and issued guidance above analyst estimates.

Okta said fiscal first-quarter revenue increased 65% year-over-year to $415 million, which beat the estimate of $388.99 million, according to data from Benzinga Pro. The company reported a quarterly earnings loss of 27 cents per share, which beat the estimate for a loss of 34 cents per share.

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