Okta stock surged 20% after strong quarterly earnings, record cash flow and customer growth

From Nasdaq: 2025-03-04 12:34:35

Shares of cybersecurity specialist Okta (NASDAQ: OKTA) surged nearly 20% following upbeat quarterly earnings results, with revenue hitting $682 million and an adjusted EPS of $0.78. Okta also saw record operating cash flow and customer growth, with RPO climbing. The company forecasts first-quarter revenue of $679 million and full-year revenue of $2.85 billion, signaling strong growth ahead. With a stable growth trajectory, Okta’s stock valuation is becoming more attractive to investors, offering a potential second chance at a profitable opportunity.



Read more at Nasdaq: Why Okta Stock Rocketed Higher Tuesday Morning