Cybersecurity company Okta falls after reiterating annual revenue forecast

Okta

27/05/2025 21:55

** Shares of digital identity verification firm Okta OKTA.O fall 11.7% to $110.81 in after-hours trading

** OKTA reiterates fiscal 2026 revenue forecast

** Company says it is now factoring in potential risks related to the uncertain economic environment for the remainder of FY26 in forecast

** For Q2, company expects revenue between $710 million and $712 million, vs estimates of $708.8 million, according to data compiled by LSEG

** Posts Q1 revenue of $688 million, beating estimates of $680.3 million

** OKTA has risen over 59% YTD

(Reporting by Juby Babu in Mexico City)

((Juby.Babu@thomsonreuters.com;))