Okta's Tumbling Stock: More Than Just Earnings Woes The recent downturn in Okta (OKTA) stock has sent investors scrambling. The consensus for fiscal Q2 earnings per share growth is 2.
33% year over year, but the earnings numbers are not the only concern. Options market sentiment is bearish, with a skewed put to call ratio indicating a high likelihood of further declines.
Contracts expiring August 28 suggest Okta's share price may drop by over 11% by the end of the week.