Okta, Inc. (Nasdaq: OKTA), a leading identity management and security company, reported second-quarter fiscal 2024 adjusted earnings of $0.31 per share, surpassing the consensus EPS estimate of $0.22. The company's quarterly sales amounted to $556.00 million, slightly exceeding analysts' projected revenue of $534.54 million.

Okta raised its full-year fiscal 2024 adjusted EPS guidance to a range of $1.17 to $1.20 from the prior guidance range of $0.88 to $0.93, compared to the consensus EPS estimate of $0.91.

$OKTA was trading at $81.65 in pre-market, up $8.08 (+10.98%).

In other news, Allot Ltd. (Nasdaq: ALLT) reported a second-quarter 2023 adjusted loss of $(0.49) per share, falling short of the consensus estimate loss of $(0.26) per share. The company's quarterly sales reached $25.05 million, missing analysts' expected revenue of $25.09 million.

Allot revised its full-year 2023 revenue guidance to a range of $95 million to $110 million, down from the previous range of $110 million to $120 million, and below the consensus estimate of $112.47 million in revenue for the period.

$ALLT was trading at $2.42, down $0.08 (-3.20%) in pre-market.

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