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Fly News Breaks for December 6, 2019
OKTA
Dec 6, 2019 | 06:39 EDT
Mizuho analyst Gregg Moskowitz says that consistent with his checks, Okta reported a good Q3, as total calculated billings grew by 42% year-over-year and were well ahead of consensus. Further, the company provided a fiscal 2021 top-line outlook that was above the Street, adds the analyst, who views the guidance as conservative. Moskowitz remains bullish on "continued strong growth" at Okta but keeps a Neutral rating on the shares with a $130 price target due to valuation.
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