Okta, Inc. (NASDAQ:OKTA) It offers single sign-on, mobility management, adaptive multi-factor authentication, lifecycle manag, is reporting second quarter earnings results on Thursday 27th August 2020, after market close.
The consensus estimates from Thomson Reuters are loss of $ 0.02 per share from $ 186.29 million in revenue.
For the full year, analysts predict revenues of $ 777.60 million, while looking forward to loss of $ 0.2 per share.
The Company Outlook
Revenue for 2Q21 are expected in a range of $ 185.00 million ~ $ 187.00 million
Full Year 2021 topline are forecasted in a range of$ 770.00 million ~ $ 780.00 million, where as bottomline are predicted in a range of $ -0.23 ~ $ -0.18 per share
Click Here For More Historical Outlooks Of Okta, Inc.
Previous Quarter Performance
Okta, Inc. revealed loss for the first quarter of $ 0.07 per share, from the revenue of $ 182.86 million. Street analysts expected Okta, Inc. to report loss of $ 0.17 per share on revenue of $ 171.35 million for the first quarter. The bottom line results beat street analysts by $ 0.1 or 58.82 percent, at the same time, top line results outshined analysts by $ 11.51 million or 6.72 percent.
Stock Performance
Shares of Okta, Inc. traded up $ 14.61 or 6.97 percent on Wednesday, reaching $ 224.14 with volume of 2.04 million shares. Okta, Inc. has traded high as $ 226.08 and has cracked $ 215.59 on the downward trend
The closing price of $ 224.14, representing a 136.33 % increase from the 52 week low of $ 88.66 and a 7.65 % decrease over the 52 week high of $ 226.89.
The company has a market capital of $ 27.93 billion and is part of the Technology sector and Software – Infrastructure industry.
Recent Analyst recommendations
- On 6th July 2020, initiated by RBC Capital at Outperform rating, with $ 230.00 target price.
Conference Call
Okta, Inc. will be hosting a conference call at 5:00 PM eastern time on 27th August 2020, to discuss its 2Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.okta.com/q2-fy21-earnings-call/
Okta, Inc. provides identity solutions for enterprises, small and medium-sized businesses, universities, non-profits, and government agencies in the United States and internationally. The company offers Okta Identity Cloud, a platform that offers a suite of products to manage and secure identities, such as Universal Directory, a cloud-based system of record to store and secure user, application, and device profiles for an organization; Single Sign-On that enables users to access their applications in the cloud or on-premise from various devices with a single entry of their user credentials; Adaptive Multi-Factor Authentication, a product that provides an additional layer of security for cloud, mobile, and Web applications, as well as for data; Lifecycle Management, which enables IT organizations or developers to manage a users identity throughout its lifecycle; and API Access Management that enables organizations to secure APIs.It also offers customer support and training, and professional services.
