Okta exceeded Wall Street's fiscal Q1 expectations with earnings per share of 91 cents and revenue of $765 million, driven by a surge in demand for identity security tools amid the rise of agentic AI. CEO Todd McKinnon highlighted that while AI-related revenue is not yet dominant, the company is investing in long-term AI security infrastructure. The growing use of AI agents and concerns over cybersecurity vulnerabilities are increasing the need for Okta's services. The company’s guidance for the current quarter aligns with estimates, signaling steady growth ahead.
Okta reported strong Q1 fiscal 2027 results, with revenue of $765 million, up 11% year-over-year, surpassing analyst expectations of $752 million. Adjusted earnings per share came in at 91 cents, beating the anticipated 85 cents. The company highligh...
Analysts from Arete Research, KeyBanc, and Jefferies have issued optimistic ratings for Okta, projecting significant upside potential with price targets between $103 and $127, representing gains up to 37.68%. Okta is a leading identity security compa...
