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cloud enterprise

Okta Shares Plummet After CEO Acknowledges Sales ‘Uncertainty'

By
Kevin McLaughlin
· · Source: The Information

Shares of Okta dropped nearly 18% today in the wake of yesterday’s earnings report, as investors seemed alarmed over comments CEO Todd McKinnon and CFO Brett Tighe made on an earnings call about slowing sales to new and existing customers. The sell-off, which happened despite a strong quarterly earnings report in which Okta raised its annual sales and operating income targets, illustrates the...

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