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Okta, Inc. (OKTA - Free Report) reported fourth-quarter fiscal 2019 adjusted loss of 4 cents per share, which was narrower than the Zacks Consensus Estimate of 27 cents and the year-ago figure of 8 cents.
Nevertheless, total revenues surged 49.9% from the year-ago quarter to $115.5 million. The figure also surpassed the consensus mark of $107.9 million.
Investors should note that fourth-quarter fiscal 2018 results have been presented per new revenue standard ASC 606.
Okta, Inc. Price
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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