Einloggen
sharewise has been reworked — much stayed, some things are new. Go to the old view
TheMotleyFool · May 28, 2025, 18:28 · 1 min read

Why Okta Stock Plunged on Wednesday

Cybersecurity specialist Okta (NASDAQ: OKTA) took a tumble Wednesday, falling 14.6% through noon ET. The crazy thing is, Okta's news looked pretty good. Wall Street anticipated Okta would report

O
Okta Inc.
OKTA
115.72 €
+0.40 %
Why Okta Stock Plunged on Wednesday

Wall Street anticipated Okta would report fiscal Q1 2026 profits of $0.77 per share, adjusted for one-time items, on sales of $680.1 million. In fact, Okta said it earned $0.86 per share on sales of $688 million.

Image source: Getty Images.

Continue reading


Source Fool.com

Comments

The discussion is visible to sharewise members.