Cybersecurity company Okta falls after reiterating annual revenue forecast
ReutersMay 27, 2025 8:55 PM
Shares of digital identity verification firm Okta OKTA.O fall 11.7% to $110.81 in after-hours trading
OKTA reiterates fiscal 2026 revenue forecast
Company says it is now factoring in potential risks related to the uncertain economic environment for the remainder of FY26 in forecast
For Q2, company expects revenue between $710 million and $712 million, vs estimates of $708.8 million, according to data compiled by LSEG
Posts Q1 revenue of $688 million, beating estimates of $680.3 million
OKTA has risen over 59% YTD
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