It was founded in 2009 and had its initial public offering in 2017, being valued at over $6 billion. Okta was co-founded in 2009 by Todd Mc. Kinnon and Frederic Kerrest, who previously worked together at Salesforce.
Okta has confirmed that its next quarterly earnings report will be published on Wednesday, March 2nd, 2022. Okta will be holding an earnings conference call on Wednesday, March 2nd at 5:00 PM Eastern.
Earnings for Okta are expected to decrease in the coming year, from ($4.37) to ($4.62) per share. Okta has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Wednesday, March 2nd, 2022 based off prior year’s report dates. When is Okta’s earnings date?
How much did Okta (Okta) earn in the previous quarter?
In the previous quarter, Okta (NASDAQ: OKTA) reported ( $0.07 ) earnings per share (EPS) to beat the analysts’ consensus estimate of ($0.24) by $0.17. Learn more How can I listen to Okta’s earnings conference call? The conference call for Okta’s latest earnings report can be listened to online.
How bad is Okta’s financial picture?
All that said, Okta’s financial picture worsened by some measures. Its net operating loss expanded to $214 million for the quarter, or 56% of revenue, and was $848 million for the full fiscal year, up from $266 million in the prior year.
While researching we ran into the inquiry “What is Okta stock worth?”.
Shares of the stock started trading on the Nasdaq with the symbol OKTA. The San Francisco-based company priced its offering at $17 a share, on the high end of the expected range of $15 a share to $17 a share. The 11-million-share offering will raise about $187 million for Okta, not counting an over-allotment.
How big is Okta’s $187 million offering?
The 11-million-share offering will raise about $187 million for Okta, not counting an over-allotment. Okta helps companies manage how their employees securely sign in to various cloud-based services. Its revenue grew to $160.3 million in the last fiscal year, up from $85.9 million the year before, according to regulatory filings.
What is Okta and how does it work?
Okta helps companies manage how their employees securely sign in to various cloud-based services. Okta shares popped more than 38 percent on Friday in their debut on the public market, trading around $23.50. Shares of the stock started trading on the Nasdaq with the symbol OKTA.
Yet the growth outlook is bright, with sales likely to reach $1.8 billion in this fiscal year, up from $1.3 billion last year. Okta has much bigger ambitions as it targets over $4 billion of annual sales (and robust free cash flow) by fiscal 2026.
What does Okta’s $17 share offering mean for the market?
The San Francisco-based company priced its offering at $17 a share, on the high end of the expected range of $15 a share to $17 a share. The 11-million-share offering will raise about $187 million for Okta, not counting an over-allotment. Okta helps companies manage how their employees securely sign in to various cloud-based services.