Okta (OKTA) came out with quarterly earnings of $1.05 per share, beating the Zacks Consensus Estimate of $0.96 per share. This compares to earnings of $0.91 per share a year ago.
The identity management and security company now expects full-year revenue of $3.22 billion to $3.23 billion, up from its prior view of $3.19 billion and $3.21 billion.
Okta topped Wall Street's fiscal second-quarter estimates. The identity security company is benefiting from the growth of agentic AI.
OKTA's Q2 earnings are likely to benefit from AI product demand, strong RPO growth and new partnerships, offset by competition and cautious IT spending.
Looking beyond Wall Street's top-and-bottom-line estimate forecasts for Okta (OKTA), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended July 2026.
Okta (OKTA) concluded the recent trading session at $141.21, signifying a -1.88% move from its prior day's close.
Okta TodayOKTAOkta$142.63 -1.29 (-0.89%) As of 12:11 PM Eastern This is a fair market value price provided by Massive. Learn more.52-Week Range$62.66▼$157.00P/E Ratio103.50Price Target$134.11Add to WatchlistFor a few years now, Okta Inc. NASDAQ: OKTA has been something of a forgotten name in technology investing.
Okta (OKTA) closed the most recent trading day at $147.3, moving 2.02% from the previous trading session.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
In the latest trading session, Okta (OKTA) closed at $143.51, marking a -2.4% move from the previous day.
Okta (OKTA) leads the independent IAM market with 41% share, maintaining a strong, vendor-neutral position despite Microsoft's bundled competition. OKTA has achieved GAAP profitability and robust free cash flow, with a $2.2bn net cash position supporting optionality for buybacks and acquisitions. Growth is slowing—FY27 guidance is ~9%—but the business is transitioning to a sustainable, cash-generative compounder, justifying a fair-to-modestly undervalued rating.
Okta plans to add identity threat detection and response capabilities to its identity management platform by acquiring Permiso Security. The acquisition will add Permiso's identity risk signals, behavioral analytics and threat detections to Okta's platform, Okta said in a Thursday (July 30) press release.