BUZZ-PREVIEW: Okta shares decline ahead of earnings

Reuters
03-04
BUZZ-PREVIEW: Okta shares decline ahead of earnings

** Okta OKTA.O shares slip 3% on Monday ahead of quarterly results after the bell, with investors watching for slowing revenue growth from identity management co

** Analysts expect quarterly revenue to rise 11% to $669.5 mln, a growth rate that would be its slowest since at least 2018, per data compiled by LSEG. Adjusted EPS seen at $0.74 vs $0.63 a year earlier

** OKTA has risen about 11% year-to-date, outperforming the Nasdaq .IXIC, which has fallen 4% in the same period

** The stock is about 23% below its 52-week intraday high of $114.50 reached on March 8, 2024

(Reporting by Noel Randewich)

((noel.randewich@tr.com;))

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