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Okta Stock Plunges 12.43% on Disappointing Guidance
Generated by AI AgentAinvest Pre-Market Radar
Wednesday, May 28, 2025 4:19 am ET1min read
Okta's stock price plummeted by 12.43% in pre-market trading on May 28, 2025, marking a significant drop for the identity services company.
Okta reported better-than-expected Q1 results, with earnings of $0.86 per share, surpassing the Zacks Consensus Estimate of $0.77 per share. However, the company's guidance for the future disappointed investors, leading to a sharp decline in its stock price.
Despite the strong Q1 performance, Okta's stock has been under pressure due to concerns about its future outlook. The company's guidance for the upcoming quarters fell short of investor expectations, raising questions about its ability to maintain its growth trajectory.
Okta's stock price has been volatile in recent months, with investors closely monitoring the company's performance and guidance. The recent drop in its stock price highlights the challenges facing the identity services company as it navigates a competitive market and evolving regulatory landscape.
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