BUZZ-Okta slips after forecast fails to impress

Reuters
2025/12/03
BUZZ-<a href="https://laohu8.com/S/OKTA">Okta</a> slips after forecast fails to impress

** Shares of identity management firm Okta OKTA.O down 3.2% at $79.25 premarket after co's outlook fails to impress investors

** Q4 revenue expected between $748 mln and $750 mln, above analysts' estimates of $737.9 mln - data compiled by LSEG

** Sees Q4 adj. EPS in the range of 84-85 cents, largely in-line with estimated 84 cents

** At least four brokerages cut their PT on stock following results, outlook

** Scotiabank says the Q4 guide was "good, but lacked whizz, bang and sparkle to get investors to return" to the stock

** "We believe the magnitude of beats could shrink as management guides closer to the pin" - brokerage RBC

** Co also withheld its outlook for FY27, further dampening sentiment

** Average rating of 45 analysts is a "buy"; median PT at $116 - LSEG

** Shares up 3.9% YTD, as of last close

(Reporting by Tharuniyaa Lakshmi in Bengaluru)

((tharuniyaa@thomsonreuters.com))

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