OKTA
NASDAQ · Technology
Okta Inc
$118.16
+2.22 (+1.91%)
OKTA News11 articles
ATLAS Infrastructure Partners Trims Edison Stake; Rigetti Overvalued After Funding
ATLAS Infrastructure Partners reduced its Edison International stake by 9.2% in Q4. Rigetti Computing is deemed 26.5% overvalued despite a $100 million funding deal.
G7 Leaders Debate AI Model Access Amid OpenAI's $1T IPO Plan and Rising China Competition
G7 leaders debate AI model access as OpenAI files for a $1T IPO. Anthropic restricts models, China boosts local AI, and cybersecurity deals surge.
Okta Stock Surges 20% on Strong Earnings, AI Identity Hype
Okta shares jumped nearly 20% after beating Q1 expectations, with analysts raising price targets on strong cRPO growth and early AI agent adoption.
Okta Stock Climbs on Q1 Beat, AI Identity Push Offsets Sector Jitters
Okta shares jumped 5.8% after Q1 revenue of $765M and EPS of $0.91 beat estimates, fueled by AI agent identity management demand.
Okta Stock Upgrade Highlights AI Security Demand Ahead of Earnings
Arete Research upgraded Okta to Buy from Sell with a $127 target. The move comes ahead of fiscal Q1 earnings, with Wall Street watching AI-driven security demand.
Snowflake Shares Tumble Amid AI Disruption Fears
Snowflake shares dropped 8.4% to $121.11 on Friday, extending losses after an 11.7% decline Thursday, as AI disruption fears sparked a sector-wide selloff.
Okta's Q4 Results Top Estimates, Yet Growth Outlook Hits Post-IPO Low
Okta reported Q4 revenue of $761 million, up 11%, and adjusted EPS of $0.90, both exceeding expectations. However, the company forecast just 9% revenue growth for the current quarter, its slowest since going public.
Okta Projects Sluggish Revenue Growth Amid Enterprise Spending Caution
Okta's first-quarter revenue guidance of $749M-$753M missed Wall Street expectations, marking its weakest projected growth since going public. The identity management firm beat Q4 estimates but struck a cautious tone on enterprise spending.
Okta Shares Slip on Tempered Growth Outlook Despite Strong Quarter
Okta shares fell in extended trading after the company projected approximately 9% revenue growth for its upcoming fiscal year, despite reporting better-than-expected fourth-quarter results and expanding its security offerings for AI agents.
MongoDB Shares Tumble on Weak Outlook, Analysts Cut Targets
MongoDB shares fell sharply following a quarterly report that beat earnings but offered a weaker-than-expected forecast, prompting several analyst target cuts.
Cybersecurity Stocks Tumble as AI Startup Anthropic Launches Security Tool
CrowdStrike Holdings dropped sharply, with cybersecurity stocks broadly declining following Anthropic's launch of a Claude security tool. The sector faces renewed AI competition concerns ahead of key earnings reports.