Okta soars on earnings beat and rising AI-identity security demand
+28.63% to $172.91 from $134.42
What moved OKTA
- Second-quarter revenue rose 11% year over year to $805 million; adjusted EPS of $1.05 beat the year-ago quarter’s $0.91, and GAAP net income rose to $116 million, or $0.65 per diluted share, from $67 million, or $0.37 per share, a year earlier.
- The company raised its full-year outlook, citing growing enterprise pressure to secure AI agents and other non-human identities.
- Morgan Stanley reiterated an Overweight rating and a $180 price target, calling Okta first to market with a comprehensive ‘agentic identity’ security platform.
Sources: SecurityWeek · TradingKey