Market Overview

Okta: Q3 Earnings Insights

Share:

Shares of Okta (NASDAQ:OKTA) rose 6.36% after the company reported Q3 results.

Quarterly Results

Earnings per share rose 157.14% over the past year to $0.04, which beat the estimate of ($0.01).

Revenue of $217,379,000 rose by 42.04% from the same period last year, which beat the estimate of $202,700,000.

Guidance

Okta Sees Q4 Adj. EPS $(0.02)-$(0.01) vs $(0.02) Est., Sales $221M-$222M vs $216.2M Est.; Sees FY21 Adj. EPS $0.04-$0.05 vs $(0.01) Est., Sales $822M-$823M vs $803.32M Est.

How To Listen To The Conference Call

Date: Dec 02, 2020

Time: 05:00 PM

ET Webcast URL: https://www.okta.com/q3-fy21-earnings-call

Recent Stock Performance

52-week high: $251.18

Company's 52-week low was at $88.66

Price action over last quarter: Up 10.86%

Company Description

Okta, Inc. addresses two primary security concerns via its workforce identity and customer identity solutions. The pureplay cybersecurity firm sells products to protect employees, contractors, and partners as well as its customers' end users. Okta's software solutions are cloud-delivered, and its integration network gives customers security protection across a wide variety of applications that are critical to business and government needs. The California-based company went public in 2017 and had over 2,100 employees at the end of the third quarter of fiscal 2020.

 

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Posted-In: Earnings