31.05.2025 22:00:00

After a Sharp Rally, Okta Stock Pulls Back on Cautious Outlook -- Time to Buy the Dip?

Okta (NASDAQ: OKTA) has been in rally mode for much of this year, but the stock hit a speed bump when it reported its fiscal 2026 first-quarter results. Despite a 15% drop in its share price since May 27, the stock is still up 35% year to date, as of this writing.Let's take a closer look at the cybersecurity company's most recent results and guidance to see it if can regain its momentum.In what has been a pretty common theme of late, Okta shares fell after management issued cautious guidance. With continued uncertainty around tariffs and their effect on the economy, many companies have opted to take a conservative view when it comes to their forecasts.Continue readingWeiter zum vollständigen Artikel bei MotleyFool

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Okta Inc 92,40 1,43% Okta Inc
Sharp Corp. 4,10 -2,31% Sharp Corp.
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