Okta Shares Soar 13% on Q4 Beat & Strong Outlook
<p><a href='https://financialmodelingprep.com/financial-summary/OKTA'>Okta, Inc. (NASDAQ:OKTA)</a> shares jumped more than 13% on Thursday after the company reported its Q4 results, with EPS of $0.30 coming in better than the Street estimate of $0.09. Revenue of $510 million was also above the Street estimate of $489.79 million, highlighting continued improvement in sales execution, stable attrition, and strong upsell activity in a challenging macro backdrop.</p>
<p>For Q1/24, management sees EPS in the range of $0.11-$0.12, compared to the Street estimate of $0.00, and revenue in the range of $509-$511 million, compared to the Street estimate of $497.9 million.</p>
<p>For the full 2024 year, management anticipates EPS to be in the range of $0.74-$0.79, compared to the Street estimate of $0.32, and revenue in the range of $2.155-2.17 billion, compared to the Street estimate of $2.16 billion.</p>

NASDAQ:OKTA