Okta Earnings, Revenue Top Estimates But Cybersecurity Stock Dips

Core Viewpoint - Okta's stock experienced a decline despite reporting third-quarter earnings and revenue that exceeded consensus estimates, driven by significant deals with large customers, while the guidance for the January-ending quarter was also above expectations [1] Financial Performance - For the quarter ending October 31, Okta reported earnings of 82 cents per share on an adjusted basis, reflecting a 22% increase compared to the previous year [1]