Okta Shares Jump 28% on Strong Q2 Results and Raised Guidance

EarningsM&A · Partnership Impact 4
โดย Yahoo Finance·US·Read original
Summary · why it matters

Okta's stock soared 28% in afternoon trading after the company reported better-than-expected second-quarter financial results and raised its full-year revenue outlook. The identity management firm posted revenue of $805 million, up 10.6% year-over-year, beating analyst estimates of $792.8 million, while adjusted earnings per share of $1.05 surpassed the consensus of $0.96. Operating margins expanded to 13.3% from 5.6% a year ago, driven by strong enterprise traction and surging demand for AI security, with new AI-focused offerings contributing about 30% of new bookings. Okta also announced the acquisition of cloud-native identity security platform Permiso and lifted its full-year revenue guidance to $3.22 billion at the midpoint, with adjusted EPS forecast raised to $3.92. The stock hit a new 52-week high of $170.84, up 104% since the start of the year.

Impact on stocks 1

Cybersecurity & Digital Trust · 1 stocks
Okta Inc
OKTA
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Okta beat Q2 estimates with $805M revenue and $1.05 EPS, expanded operating margins to 13.3%, and raised full-year revenue and EPS guidance.

Theme Impact 2

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