Okta

Okta shares plummet as CEO says 'short-term challenges' lead to workers leaving at higher rate

Okta shares plummet as CEO says ‘short-term challenges’ lead to workers leaving at higher rate

Shares of Okta Inc. tumbled in extended trading on Wednesday after executives revealed the software company faced integration issues with its $6.5 billion acquisition of Auth0. Okta OKTA, +0.26% Executives on Wednesday raised their annual earnings forecasts again, but left their full-year revenue targets unchanged. “There are some short-term challenges,” Todd McKinnon, Okta’s CEO and …

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Top After Hours Movers: Okta, Disney, Five Below, and More

Top After Hours Movers: Okta, Disney, Five Below, and More

Octa (OKTA): Shares fell in after-hours trading even though the company reported a smaller-than-expected loss. Okta reported an adjusted loss of 10 cents per share on revenue of $452 million. Wall Street was expecting a loss of 31 cents on revenue of $429.8 million. Subscriptions for the quarter rose 44% year over year to $435.4 …

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