Why Okta Stock Was Sinking Today
Shares of Okta (NASDAQ: OKTA) were falling Thursday morning despite better-than-expected results in its fiscal first-quarter earnings report. Investors' disappointment seemed to stem from its bottom-line guidance for the rest of the year, which was much worse than expected, primarily due to its acquisition of Auth0, which closed this month.
As of 11:23 a.m. EDT, shares of the cloud security company were down by 11.3%.
Image source: Okta.
Source Fool.com
