Jefferies Predicts Okta to Exceed Q1 Bookings Target but May Fall Short in Q2 Outlook
Jefferies expects identity security company Okta (NASDAQ:OKTA) to exceed its first-quarter bookings target when it reports results on May 28, citing easier comparisons and strong demand. However, the firm anticipates a weaker-than-expected second-quarter outlook due to historical trends in sequential growth.
Tickers: $OKTA
Topics: cRPO growth Jefferies analysis Okta Q1 guidance