It was founded in 2009 and had its initial public offering in 2017, being valued at over $6 billion. Okta was co-founded in 2009 by Todd Mc. Kinnon and Frederic Kerrest, who previously worked together at Salesforce.
Okta has confirmed that its next quarterly earnings report will be published on Wednesday, March 2nd, 2022. Okta will be holding an earnings conference call on Wednesday, March 2nd at 5:00 PM Eastern.
Another frequent inquiry is “When is Okta’s earnings release date?”.
Earnings for Okta are expected to decrease in the coming year, from ($4.37) to ($4.62) per share. Okta has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Wednesday, March 2nd, 2022 based off prior year’s report dates. When is Okta’s earnings date?
How much did Okta (Okta) earn in the previous quarter?
In the previous quarter, Okta (NASDAQ: OKTA) reported ($0.07) earnings per share (EPS) to beat the analysts’ consensus estimate of ($0.24) by $0.17. Learn more How can I listen to Okta’s earnings conference call? The conference call for Okta’s latest earnings report can be listened to online.
Why okta stock decline today?
Here’s why Okta stock is down on the offering. Related to the notes offering, Okta is entering into capped call transactions with institutional investors, a common maneuver intended to mitigate potential dilution should the notes ultimately convert into more shares.
Then, what happened to Okta stock after the earnings report?
Shares of Okta (NASDAQ: OKTA) stock, the cloud-based cybersecurity company, crashed today despite beating expectations in its earnings report last night — down 10% as of 11:20 a., and m.
All that said, Okta’s financial picture worsened by some measures. Its net operating loss expanded to $214 million for the quarter, or 56% of revenue, and was $848 million for the full fiscal year, up from $266 million in the prior year.
Is Okta (Okta) a great cybersecurity stock to buy in 2022?
Okta (OKTA) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
Is Okta (Okta) still growing?
The adjustments made by the two analysts are only the latest ones following Okta’s reporting of its fourth quarter of fiscal 2022 on Wednesday. The company is still growing robustly, with a 64% year-over-year improvement in revenue.
One of the next things we asked ourselves was what is Okta and how does it work?
Okta helps companies manage how their employees securely sign in to various cloud-based services. Okta shares popped more than 38 percent on Friday in their debut on the public market, trading around $23.50. Shares of the stock started trading on the Nasdaq with the symbol OKTA.
Yet the growth outlook is bright, with sales likely to reach $1.8 billion in this fiscal year, up from $1.3 billion last year. Okta has much bigger ambitions as it targets over $4 billion of annual sales (and robust free cash flow) by fiscal 2026.
What is Okta stock worth?
Shares of the stock started trading on the Nasdaq with the symbol OKTA. The San Francisco-based company priced its offering at $17 a share, on the high end of the expected range of $15 a share to $17 a share. The 11-million-share offering will raise about $187 million for Okta, not counting an over-allotment.
This begs the inquiry “How big is Okta’s $187 million offering?”
The 11-million-share offering will raise about $187 million for Okta, not counting an over-allotment. Okta helps companies manage how their employees securely sign in to various cloud-based services. Its revenue grew to $160.3 million in the last fiscal year, up from $85.9 million the year before, according to regulatory filings.
Also, what does Okta’s $17 share offering mean for the market?
The San Francisco-based company priced its offering at $17 a share, on the high end of the expected range of $15 a share to $17 a share. The 11-million-share offering will raise about $187 million for Okta, not counting an over-allotment. Okta helps companies manage how their employees securely sign in to various cloud-based services.
Will Okta’S Q4 2022 results be worse than Wall Street predicted?
And the news gets worse. As regards fiscal Q4 2022, at least you can still say the company did better than expected. As investors turn their attention to fiscal 2023, however, it appears Okta will do considerably worse than Wall Street was predicting.