Okta, Inc. (OKTA) Q3 2026 Earnings Call Transcript
Okta (OKTA) came out with quarterly earnings of $0.82 per share, beating the Zacks Consensus Estimate of $0.75 per share. This compares to earnings of $0.67 per share a year ago.
Cybersecurity company Okta forecast fourth-quarter revenue above Wall Street estimates on Tuesday, betting on growing demand for its identity and access management solutions.
Okta on Tuesday topped Wall Street third-quarter estimates and issued an upbeat outlook as customers adopt identity management solutions. For the current quarter, the cybersecurity company expects revenues between $748 million and $750 million and adjusted earnings of 84 cents to 85 cents per share, both ahead of analyst expectations.
Okta, Inc. remains central to cybersecurity, providing cloud-based identity access tools amid rising infrastructure attacks. Despite the sector's critical importance, OKTA shares have declined ~67% over five years, sharply underperforming both SPY and iShares Expanded Tech-Software Sector ETF. Recent quarters showed 12–14% YoY revenue growth, but this marks a significant deceleration versus OKTA's historical high-growth profile.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Get a deeper insight into the potential performance of Okta (OKTA) for the quarter ended October 2025 by going beyond Wall Street's top-and-bottom-line estimates and examining the estimates for some of its key metrics.
The latest trading day saw Okta (OKTA) settling at $81.16, representing a +2.54% change from its previous close.
In the closing of the recent trading day, Okta (OKTA) stood at $80.11, denoting a -1.14% move from the preceding trading day.
Recently, Zacks.com users have been paying close attention to Okta (OKTA). This makes it worthwhile to examine what the stock has in store.
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?
Okta is upgraded from Hold to Buy due to visible catalysts in AI monetization and improved public sector contract momentum. OKTA raised FY 2026 revenue guidance, showed accelerating RPO growth, and demonstrated increased management confidence, especially in federal contracts. Valuation now offers $15-$20 upside, with fair value estimated at $105-110, supported by a stronger growth outlook and nearer-term AI product launches.