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Why Okta Stock Was Down 7% Today

TheMotleyFool

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Why Okta Stock Was Down 7% Today: https://g.foolcdn.com/editorial/images/680201/cybersecurity-operations-center.jpg

Okta (NASDAQ: OKTA) shareholders lost ground to the market on Monday, with the stock down by 8.3%, compared to a 0.4% decline in the S&P 500 and a 1.2% dip in the tech-focused Nasdaq index.

The session's decline continued a trend for Okta and many of its peers in the cloud and software services niches. But it also reflected worries about a potential slowdown ahead in the cybersecurity space.

Image source: Getty Images.

Source Fool.com

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