Companies are being careful with software spending, Okta CEO says [Yahoo! Finance]
Okta, Inc. - Class A (OKTA)
Last okta, inc. - class a earnings: 3/5 04:05 pm
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Source: Yahoo! Finance
Okta ( OKTA ) co-founder and CEO Todd McKinnon says macroeconomic uncertainty has weighed on the demand for software throughout 2024. "What's different is that companies are being careful with their money. They're rationalizing the technology they purchased over the last four or five years. They're making sure that they're getting real return on investment out of all the solutions," McKinnon told Yahoo Finance at the Goldman Sachs Communacopia and Technology Conference on Tuesday. Added McKinnon, "So it does take longer sometimes to justify what they're investing in, but we're very confident in our ability to do that over time, and that's what we're focused on." Okta's stock was hit hard following its Aug. 28 second quarter earnings release, dropping 18%. Okta, Inc. (OKTA) On the surface, the company delivered strong results for investors. Revenue grew 16% from the prior year to $646 million, ahead of estimates for $635 million. Adjusted earnings clocked in at $0.72 a sha
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OKTA
News
- Okta, Inc. (OKTA) CEO Todd McKinnon presents at Goldman Sachs Communacopia + Technology Conference (Transcript) [Seeking Alpha]Seeking Alpha
- Okta, Inc. (OKTA) Citi's 2024 Global TMT Conference (Transcript) [Seeking Alpha]Seeking Alpha
- Okta, Inc. (NASDAQ: OKTA) had its price target lowered by analysts at Susquehanna from $110.00 to $85.00. They now have a "neutral" rating on the stock.MarketBeat
- Investors Heavily Search Okta, Inc. (OKTA): Here is What You Need to Know [Yahoo! Finance]Yahoo! Finance
- Down -9.18% in 4 Weeks, Here's Why You Should You Buy the Dip in Okta (OKTA) Mon, Sep 2, 2024, 3:35 PM GMT+2 2 min read 0 In this article: Here is How to Spot Oversold Stocks Why a Trend Reversal is Due for OKTA Advertisement Up next Nvidia (NVDA) Just RAcquire Media Monitor
OKTA
Earnings
- 8/28/24 - Beat
OKTA
Sec Filings
- 9/17/24 - Form 4
- 9/17/24 - Form 4
- 9/17/24 - Form 4
- OKTA's page on the SEC website