Okta, Inc. (NASDAQ:OKTA) It offers single sign-on, mobility management, adaptive multi-factor authentication, lifecycle manag, is expected to report third quarter earnings results, after market close, on Wednesday 2nd December 2020.
Analysts polled by Thomson Reuters anticipate third quarter loss of $ 0.01 per share.
Looking ahead, the full year loss are expected at $ 0.01 per share on the revenues of $ 803.32 million.
The Company Outlook
Earnings for 3Q21 are anticipated in a range of $ -0.02 ~ $ -0.01 per share, while revenues are expected in a range of $ 202.00 million ~ $ 203.00 million
Full Year 2021 topline are forecasted in a range of$ 800.00 million ~ $ 803.00 million, where as bottomline are predicted in a range of $ -0.03 ~ $ -0.01 per share
Click Here For More Historical Outlooks Of Okta, Inc.
Previous Quarter Performance
Okta, Inc. outlined income for the second quarter of $ 0.07 per share, from the revenue of $ 200.45 million. Wall street analysts are predicting, OKTA to report 2Q21 loss of $ 0.02 per share from revenue of $ 186.29 million. The bottom line results beat street analysts by $ 0.09 or 450.00 percent, at the same time, top line results outshined analysts by $ 14.16 million or 7.60 percent.
Stock Performance
Shares of Okta, Inc. traded low $ -8.05 or -3.29 percent on Tuesday, reaching $ 236.99 with volume of 1.45 million shares. Okta, Inc. has traded high as $ 244.27 and has cracked $ 235.15 on the downward trend
According to the previous trading day, closing price of $ 236.99, representing a 176.38 % increase from the 52 week low of $ 88.66 and a 2.44 % decrease over the 52 week high of $ 251.18.
The company has a market capital of $ 30.36 billion and is part of the Technology sector and Software – Infrastructure industry.
Recent Analyst recommendations
- On 24th November 2020, initiated by KeyBanc at Overweight rating.
Conference Call
Okta, Inc. will be hosting a conference call at 5:00 PM eastern time on 2nd December 2020, to discuss its 3Q21 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
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.
