Okta’s inventory jumps greater than 14% as earnings forecast doubles expectations

Okta Inc. shares rallied within the prolonged session Wednesday after the identity-management software program firm topped estimates by a large margin, and executives predicted adjusted earnings that had been greater than double what Wall Street had anticipated.

Okta’s inventory OKTA rallied greater than 14% in after-hours trades, following a 0.2% rise to shut the common session at $71.44.

In…