Okta Inc reported fiscal Q2 revenue of $805 million, beating estimates and up 11% year-over-year, with subscription revenue rising 12%. Non-GAAP earnings per share were $1.05, surpassing expectations, and GAAP net income nearly doubled to $116 million. The company raised its full-year 2027 revenue forecast to $3.216-$3.226 billion and non-GAAP EPS to $3.90-$3.94. CEO Todd McKinnon highlighted Okta's role in securing AI agent identities as a growth driver. The stock is set to open about 18% higher following these strong results and outlook upgrade.
Nvidia reported record revenue driven by AI demand, highlighting a surge in cybersecurity stocks like CrowdStrike and Okta as companies invest more in protecting AI systems. Nvidia's $96.2 billion quarter and strong forecasts signal expanding AI depl...
The Trump administration is considering new tariffs on semiconductors that could affect a wide range of tech products, potentially hindering US AI ambitions. Okta's stock rose after strong Q2 results and raised guidance, signaling strong demand for i...
Shares of CrowdStrike and Okta surged after both companies beat earnings expectations and raised forecasts, driven by increased cybersecurity spending amid rising AI threats. The adoption of AI has led to more sophisticated cyberattacks, prompting bu...
Cybersecurity stocks rallied strongly following better-than-expected Q2 2027 earnings reports from Okta and CrowdStrike. Okta's shares jumped 22% after reporting $805 million in revenue and positioning itself as a key security layer for AI agents, wh...
Okta is rated a Buy due to steady revenue growth, expanding large enterprise accounts which now make up 85% of total annual contract value, and improving profit margins. The company projects 10-11% revenue growth and strong operating and free cash fl...
