Advertisement
UK markets open in 4 hours 28 minutes
  • NIKKEI 225

    36,822.02
    -1,257.68 (-3.30%)
     
  • HANG SENG

    16,187.30
    -198.57 (-1.21%)
     
  • CRUDE OIL

    85.85
    +3.12 (+3.77%)
     
  • GOLD FUTURES

    2,424.70
    +26.70 (+1.11%)
     
  • DOW

    37,775.38
    +22.07 (+0.06%)
     
  • Bitcoin GBP

    48,151.56
    -1,476.18 (-2.97%)
     
  • CMC Crypto 200

    1,254.89
    +369.35 (+39.21%)
     
  • NASDAQ Composite

    15,601.50
    -81.87 (-0.52%)
     
  • UK FTSE All Share

    4,290.02
    +17.00 (+0.40%)
     

Why Okta Stock Dropped This Week

Why Okta Stock Dropped This Week

Okta (NASDAQ: OKTA) investors had a rough week as their stock declined 15% through Thursday trading compared to a 0.4% increase in the S&P 500. Okta announced on Wednesday that sales increased 25% for the Q1 period that ran through late April. This expansion rate beat the high end of the guidance range that executives had issued back in early March and reflected strong demand among enterprises for its identity management services.