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Okta (OKTA) in Focus: Stock Moves 8.8% Higher

Zacks

Okta, Inc. OKTA was a big mover last session, as the company saw its shares rise nearly 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 49.2% in the past one-month time frame.

The move came after the company reported better-than-expected fourth-quarter fiscal 2018 results.

The company has seen one positive estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for Okta. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

Okta currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.


A better-ranked stock in the Internet – Software and Services industry is Boingo Wireless, Inc. WIFI, holding a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Is OKTA going up? Or down? Predict to see what others think:Up or Down

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