Why Okta Stock Was Sinking Today

Shares of Okta (NASDAQ: OKTA) were falling Thursday morning despite better-than-expected results in its fiscal first-quarter earnings report. Investors' disappointment seemed to stem from its bottom-line guidance for the rest of the year, which was much worse than expected, primarily due to its acquisition of Auth0, which closed this month.

As of 11:23 a.m. EDT, shares of the cloud security company were down by 11.3%.

Image source: Okta.

Source Fool.com