Why Okta Shares Are Moving Today
Why Okta Shares Are Moving Today
Shares of Okta, Inc. (NASDAQ:OKTA) fell Thursday following the company's second-quarter financial results.
Okta公司股票(NASDAQ: OKTA)在本周四的第二季度财报后下跌。
What To Know: Okta reported second-quarter revenues of $646 million, beating the consensus estimate of $632.7 million, and adjusted earnings per share of 72 cents, beating the expected 61 cents per share.
了解情况:Okta报告了第二季度营业收入为64600万美元,超过了预期的63270万美元,并且调整后的每股收益为72美分,超过了预期的61美分每股。
However, the company's subscription revenue growth decelerated to 17% year-over-year, down from 20% in the previous quarter. Okta's guidance for its current remaining performance obligation (cRPO) growth in the fiscal third quarter also fell short, predicting a 9% year-over-year increase, compared to the 13% growth seen in the fiscal second quarter.
然而,该公司的订阅收入增长在去年同期的基础上放缓至17%,低于上一季度的20%。Okta对本财季剩余业绩承诺增长的指引也不尽人意,预计同比增长9%,而上一财季为13%。
Analysts reactions to the report were mixed. While some maintained a positive stance, such as WestPark Capital, which reiterated a Buy rating and a $140 price target, others lowered their price targets and expressed concerns over the company's growth trajectory.
对该报告的分析师反应褒贬不一。一些维持积极态度的分析师,例如WestPark Capital,重申了买入评级和140美元的目标股价,而其他人则下调了股价目标并对公司的增长轨迹表示担忧。
Notably, B of A Securities downgraded Okta from Buy to Underperform, significantly reducing the price target from $135 to $75, citing the slowing momentum and weaker guidance as key reasons for the downgrade.
A证券将Okta的评级从买入调降为卖出,并将目标股价从135美元大幅下调至75美元,原因是增长势头减缓和较弱的指引。
Several analysts, including those from BMO Capital, Scotiabank and Stifel, acknowledged Okta's robust execution and some positive aspects like strong enterprise deal flows and larger contract sizes. However, they also noted challenges such as sluggish new customer acquisition and persistent uncertainty around seat growth and upsells, particularly affecting Okta's Workforce Identity and Customer Identity segments.
BMO Capital、Scotiabank和Stifel等多家分析师都承认Okta的出色执行能力,并指出一些积极因素,如强劲的大型企业交易和更大的合同规模。然而,他们同时也指出一些挑战,如缓慢的新客户获取和围绕座位增长和升级的不确定性,特别是对Okta的Workforce Identity和Customer Identity板块产生影响。
What Else: Despite some encouraging results and optimism from certain analysts, the overall sentiment remains cautious. The company's decelerating cRPO growth and mixed forward guidance have left analysts uncertain about Okta's near-term growth prospects.
其他信息:尽管有一些令人鼓舞的结果和某些分析师的乐观态度,但整体情绪仍然谨慎。公司递减的业绩承诺增长和不一致的前瞻指引让分析师对Okta的近期增长前景感到不确定。
OKTA Price Action: At the time of publication, Okta's stock has fallen by 17.5% to $79.69 according to Benzinga Pro.
OKTA股价走势:根据Benzinga Pro的数据,在发布时,Okta的股价下跌了17.5%,至79.69美元。
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