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OKTA - Okta Inc News Story

$223.56 4.2  1.9%

Last Trade - 05/08/20

Sector
Technology
Size
Large Cap
Market Cap £21.25bn
Enterprise Value £20.87bn
Revenue £490.9m
Position in Universe 344th / 6368

BUZZ-Okta drops after pricing convertible debt deal; Proofpoint expands partnership

Thu 5th September, 2019 7:58pm
** Okta Inc  OKTA.O  shares down 3.3% to $123.73 on Thurs
after cybersecurity firm prices its convertible offering
    ** Okta offers privately $1 bln convertible senior notes due
2025  urn:newsml:reuters.com:*:nBw4fzWbMa
    ** Deal prices with coupon of 0.125%, convertible premium of
47.5%
    ** Co intends to portion of net proceeds to pay cost of
capped call transactions, and remainder for general corp
purposes, including repurchase of its 0.25% convertible senior
notes due 2023
    ** Also on Thurs, Proofpoint  PFPT.O  announces expansion of
its tech partnership with Okta whereby customers can integrate
Proofpoint Targeted Attacked Protection (TAP) user risk insight
with the Okta Identity Cloud  urn:newsml:reuters.com:*:nGNXbYNtDL
    ** Last Thurs, OKTA fell 4.5% after co gave a qtrly report
that beat expectations and a current-qtr EPS outlook that
disappointed  urn:newsml:reuters.com:*:nL2N25P13U
    ** Despite drop in current session, OKTA is up 94% this year
vs Nasdaq's  .IXIC  22% rise
    ** PFPT up 3.4% to $127.36 on Thurs, extending its YTD gain
to 52%

 ((lance.tupper.tr.com@reuters.net
lance.tupper@tr.com 646-223-5017))
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