Software company Okta shares surge on better-than-expected quarterly results and optimistic guidance
https://www.cnbc.com/2018/12/06/okta-surges-on-q3-2019-earnings-beat.html
Okta shares surged 14 percent on Thursday after the cloud software company reported a narrower loss than analysts' expected and raised its revenue guidance for the year.
The stock rose $8.57 to $69.22 as of mid-day, bringing its gains for the year to 170 percent. Since going public in April 2017, Okta has been one of the best performers among a growing number of cloud-based software providers that are almost all outperforming the broader market.