NASDAQ:OKTA - Nasdaq - US6792951054 - Common Stock - Currency: USD
Okta Inc (NASDAQ:OKTA) shares are trading higher. The company on Tuesday announced a multi-year partnership with the McLaren Racing Formula 1 team.
Over the past six months, Okta’s shares (currently trading at $87.65) have posted a disappointing 7.8% loss, well below the S&P 500’s 8.1% gain. This might have investors contemplating their next move.
Over the past six months, Okta’s shares (currently trading at $87.65) have posted a disappointing 7.8% loss, well below the S&P 500’s 8.1% gain. This might have investors contemplating their next move.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at SentinelOne (NYSE:S) and the best and worst performers in the cybersecurity industry.
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Okta had a solid quarter and raised guidance, leading analysts to raise their price targets and indicate a robust double-digit move within twelve months.