Todd McKinnon, Okta CEO, discusses his outlook for the cyber security industry in the wake of Anthropic's Mythos model and concerns around its impact on security. He also says he thinks worries of a SaaSpocalypse are "overblown.
Okta, Inc. (OKTA) Presents at 2026 Evercore Global TMT Conference Transcript
Does Okta (OKTA) have what it takes to be a top stock pick for momentum investors? Let's find out.
Zacks.com users have recently been watching Okta (OKTA) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Okta, Inc. (OKTA) Q1 2027 Earnings Call Transcript
OKTA stock jumps after Q1 earnings beat estimates as revenue rose 11% Y/Y, fueled by subscription growth and higher contracted backlog.
Okta Inc (NASDAQ:OKTA) shares jumped 24% on Friday after the identity security company reported first-quarter results that topped Wall Street estimates and raised its full-year outlook, with analysts pointing to accelerating demand and an emerging artificial intelligence tailwind. The San Francisco-based company posted revenue of $765 million for its fiscal first quarter of 2027, up 11% year-over-year and ahead of analyst estimates of $752 million.
Okta NASDAQ: OKTA executives said the identity security company began fiscal 2027 with strong first-quarter momentum, citing large enterprise demand, partner engagement and contributions from newer products, while emphasizing artificial intelligence agents as a major emerging opportunity for the business.
While the top- and bottom-line numbers for Okta (OKTA) give a sense of how the business performed in the quarter ended April 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Okta (OKTA) came out with quarterly earnings of $0.91 per share, beating the Zacks Consensus Estimate of $0.85 per share. This compares to earnings of $0.86 per share a year ago.
Okta topped Wall Street fiscal first-quarter estimates after the bell on Thursday. CEO Todd McKinnon told CNBC that agentic AI is spiking demand for identity tools, but Okta AI strategy hasn't tapped into its full potential.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?