Okta, Inc.
OKTA · NASDAQ-GS
OKTA · NASDAQ-GS
Okta sells digital identity and security tools that control access for employees, customers, applications and devices. Its business is subscription-led and organized around workforce identity and customer identity platforms, with demand coming particularly from large enterprises and channel partners. The supplied evidence does not provide a percentage contribution by platform, but identifies broad-based demand across both. Okta reported fiscal 2026 revenue of $2.9 billion and net income of $0.2 billion, versus $2.6 billion of revenue and approximately breakeven net income in fiscal 2025. Its products are gaining attention as companies address security risks associated with agentic artificial intelligence.
Okta rose 28.88% over the measured week, from $134.16 to $172.91. Shares slipped from $134.16 on August 20 to $130.97 on Monday and $130.61 on Tuesday before recovering to $134.42 on Wednesday. The decisive move came Thursday, when the stock jumped 28.88% on 16.4 million shares after Okta reported a second-quarter fiscal 2027 earnings beat, 12% subscription-revenue growth, stronger cash flow and backlog, and a raised full-year outlook. The rally also reflected broader technology strength after Nvidia’s results, with the Nasdaq 100 up 1.43% and the cybersecurity ETF gaining about 9.5%. Okta outperformed CrowdStrike’s roughly 17.4% Thursday gain.
