Why Are Okta (OKTA) Shares Soaring Today : vimarsana.com

Why Are Okta (OKTA) Shares Soaring Today

Shares of identity management software maker Okta (OKTA) jumped 27.7% in the pre-market session after the company reported an impressive "beat and raised quarter". Fourth quarter results outperformed Wall Street's revenue estimates, alongside strong free cash flow. Okta also provided optimistic revenue guidance for the next quarter, which exceeded analysts' expectations. Also, the company slightly raised its FY'25 outlook and now expects revenue growth of 10% to 11%, a non-GAAP operating margin

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