Okta Guides 3Q Revenue to $813M-$817M, Above Consensus
OKTA has more than doubled off its 52-week low of $62.66.
Summary
Okta issued 3Q revenue guidance of $813M-$817M, which is above the consensus estimate of $805M. This follows strong Q1 FY27 results where revenue grew 11% to $765M and the company raised full-year guidance. The new range implies continued double-digit growth and suggests demand for identity security remains robust. The company also recently announced a $200M acquisition of AI security startup Permiso, signaling expansion into AI-driven identity protection. Investors will watch for margin commentary and any update to full-year guidance on the next earnings call.
At the time of this announcement, OKTA was trading at $130.21 on NASDAQ in the Technology sector, with a market capitalization of approximately $22.7B. The 52-week trading range was $62.66 to $157.00. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.