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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