Why Okta Stock Plunged Today

Shares of the cybersecurity stock fell as it called for slowing growth ahead. Shares of Okta (OKTA -16.21%), the cloud-based identity software company, were taking a dive after the company reported third-quarter numbers that beat headline estimates, but its guidance missed the mark in some key metrics. As a result, the stock was down 16.1% as of 11:32 a.m. ET on the news. Okta is still stuck in second gear Okta's revenue growth was solid, but investors seem to be hoping that the company can accelerate growt ...