Long trade : OKTA +12% (10/19)

• 9/30: Hammer
• 10/1: #20, 61; vol. 5.0M;  buy

 

Okta (OKTA) reported earnings on Thur 6 Sept 2018 (a/h)

** charts after earnings **

  

Okta beats by $0.04, beats on revs; guides OctQ and FY19 above consensus 

• Reports Q2 (Jul) loss of $(0.15) per share, excluding non-recurring items, $0.04 better than the S&P Capital IQ Consensus of ($0.19) and above prior guidance of $(0.21)-(0.20); revenues rose 57.0% year/year to $94.59 mln vs the $85.0 mln S&P Capital IQ Consensus and vs prior guidance of $84-85 mln.
• Co issues upside guidancefor Q3 (Oct), sees EPS of $(0.12)-(0.11), excluding non-recurring items, vs. ($0.17) S&P Capital IQ Consensus; sees Q3 revs of $96-97 mln vs. $88.96 mln S&P Capital IQ Consensus.
• Co issues upside guidancefor FY19, sees EPS of $(0.48)-(0.46), excluding non-recurring items, vs. ($0.56) S&P Capital IQ Consensus; sees FY19 revs of $372-375 mln vs. $357.15 mln S&P Capital IQ Consensus.

Long trade : OKTA +18% (8/17)

OKTA : 1-month performance

Okta, Inc. (OKTA) began trading on Nasdaq on 7 Apr 2017

Okta offers Okta Identity Cloud, a platform that offers a suite of products to manage and secure identities

• Sector: Technology
• Industry: Software - Infrastructure
• Full Time Employees: 1,176
• Headquarters: San Francisco, CA
• Founded: 2009
• okta.com