Okta Stock Falls as Outlook Disappoints. Time to Buy the Dip?

Okta (NASDAQ: OKTA) shares spiraled lower after the cybersecurity company reported solid second-quarter results but offered a disappointing outlook.

On the face of it, the latest numbers looked good. Okta's Q2 revenue jumped 16% year over year to $646 million, while subscription revenue climbed 17% to $632 million. Adjusted earnings per share (EPS) surged from $0.31 a year ago to $0.72. The company had guided for 13% to 14% revenue growth and adjusted EPS between $0.60 and $0.61.

Let's catch up on the company's recent results to see if the decline is a buying opportunity.

Source Fool.com