OKTA

A bad day for International Business Machines has turned into great day for CrowdStrike Holdings and other cybersecurity companies. The reason why seems to be a short reference about cybersecurity in a letter to shareholders from IBM CEO Arvind Krishna. Krishna discussed how IBM clients in June shifted quarterly capital spending toward servers, storage, and memory purchases ahead of expected price increases.

NEW YORK, June 25, 2026 /PRNewswire/ -- Fred Alger Management, LLC ("Alger"), a privately held growth equity investment manager, today announced the quarterly rebalancing of the Alger Russell Innovation Index ("Index"). Following the close of trading on Friday, June 26, 2026, the Index will be rebalanced, and the following changes will be effective. For additional information, please visit www.lseg.com. Unlock Your Growth Potential with AlgerFounded in 1964, Alger is recognized as a pioneer of growth-style investment management. Privately-owned and headquartered in New York City, Alger can help "Unlock Your Growth Potential" through a suite of growth equity separate accounts, mutual funds, ETFs, and privately offered investment vehicles. Alger's investment philosophy, discovering companies undergoing Positive Dynamic Change, has been in place for more than 60 years. For more information, please visit www.alger.com. Risk Disclosures: Investing in the stock market involves risks, including the potential loss of principal. Growth stocks may be more volatile than other stocks as their prices tend to be higher in relation to their companies' earnings and may be more sensitive to market, political, and economic developments. This material is not meant to provide investment advice and should not be considered a recommendation to purchase or sell securities. Alger pays compensation to third party marketers to sell various strategies to prospective investors. London Stock Exchange Group plc and its group undertakings (collectively, the "LSE Group"). © LSE Group 2026. FTSE Russell is a trading name of certain of the LSE Group companies. "FTSE®" "Russell®", "FTSE Russell®" are trade marks of the relevant LSE Group companies and are used by any other LSE Group company under license. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company's express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication. View original content to download multimedia:https://www.prnewswire.com/news...

NEW YORK, June 22, 2026 /PRNewswire/ -- Fred Alger Management, LLC ("Alger"), a privately held growth equity investment manager, today announced the quarterly rebalancing of the Alger Russell Innovation Index ("Index"). Following the close of trading on Friday, June 26, 2026, the Index will be rebalanced, and the following changes will be effective. For additional information, please visit www.lseg.com. Unlock Your Growth Potential with Alger Founded in 1964, Alger is recognized as a pioneer of growth-style investment management. Privately-owned and headquartered in New York City, Alger can help "Unlock Your Growth Potential" through a suite of growth equity separate accounts, mutual funds, ETFs, and privately offered investment vehicles. Alger's investment philosophy, discovering companies undergoing Positive Dynamic Change, has been in place for more than 60 years. For more information, please visit www.alger.com. Risk Disclosures: Investing in the stock market involves risks, including the potential loss of principal. Growth stocks may be more volatile than other stocks as their prices tend to be higher in relation to their companies' earnings and may be more sensitive to market, political, and economic developments. This material is not meant to provide investment advice and should not be considered a recommendation to purchase or sell securities. Alger pays compensation to third party marketers to sell various strategies to prospective investors. London Stock Exchange Group plc and its group undertakings (collectively, the "LSE Group"). © LSE Group 2026. FTSE Russell is a trading name of certain of the LSE Group companies. "FTSE®" "Russell®", "FTSE Russell®" are trade marks of the relevant LSE Group companies and are used by any other LSE Group company under license. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company's express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication. View original content to download multimedia:https://www.prnewswire.com/new...

Get insights on thousands of stocks from the global community of over 7 million individual investors at Simply Wall St. Okta (OKTA) is back in focus after its latest quarterly update, where revenue and earnings topped expectations and management raised full year guidance, even as some analysts flagged valuation concerns. See our latest analysis for Okta. Okta’s latest earnings beat and raised guidance have been followed by a 48.37% 3 month share price return, although the 7 day share price return is down 11.35%, while the 5 year total shareholder return is down 46.53%. This serves as a reminder that sentiment can shift quickly around valuation. If you are looking beyond Okta for other opportunities in AI driven security and infrastructure, this could be a good moment to scan 49 AI infrastructure stocks With Okta trading close to its average analyst price target and carrying a low value score, markets clearly have strong expectations baked in. Is this renewed excitement leaving limited upside, or could there still be a genuine buying opportunity? Okta last closed at $119.96, while the most followed narrative on Simply Wall St, according to Tokyo, points to a fair value of $151. That gap is what underpins the current undervalued view in the narrative. Read the complete narrative. Read the complete narrative. The narrative leans on a specific path for revenue growth, margin expansion and a future earnings multiple. Together, these factors are described as supporting a higher long term value. It treats Okta as a now profitable platform with room to scale and builds its fair value around that earnings power rather than short term share price swings. Result: Fair Value of $151 (UNDERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, this hinges on Okta successfully monetising AI agent identity and proving that profitability is durable, while any slowdown in subscription demand could quickly challenge that view. Find out about the key risks to this Okta narrative. While the most popular Simply Wall St narrative sees Okta as 20.6% undervalued with a fair value of $151, the market is currently paying a P/E of 84.4x. That is well above the estimated fair ratio of 37.1x, the US IT industry average of 17.4x, and the peer average of 40.8x. In practical terms, you are paying a premium price today and relying on Okta to grow i...

Interested in Okta, Inc.? Here are five stocks we like better. Okta surged nearly 48% over two days after beating estimates and citing strong demand for its AI agent identity offerings. Zscaler dropped more than 31% despite a beat-and-raise quarter, as investors focused on a lowered free cash flow margin outlook and slowing ARR growth guidance. CrowdStrike fell 7% after its fiscal Q1 2027 report despite beating estimates and raising net new ARR growth guidance by 520 basis points to 27.7%. Cybersecurity earnings delivered a sharp split this week, even as three major names all topped expectations and raised their outlooks. The difference came down to quality, guidance, and confidence in the AI opportunity. One company delivered a clean quarter and showed clear signs of AI-driven momentum, sending shares higher. Two others sold off as investors focused on softer spots beneath the headline beats. Here are the key takeaways from the latest round of cybersecurity earnings. → Meta Unveils Subscriptions: A New Offering With Real Growth Potential The latest cybersecurity earnings reports show that investors are rewarding clean execution—and punishing anything less. Identity and access management giant Okta (NASDAQ: OKTA) was the standout in this cybersecurity earnings cycle. → Cybersecurity Earnings: 1 AI Standout and 2 Stocks Under Pressure The day after Okta's fiscal Q1 2027 earnings report was released, the stock popped 30% and then climbed another 13% the next day, for a total two-day gain of nearly 48%. The firm saw revenue grow by just over 11% year over year (YOY) to $765 million, handily beating estimates near $752 million. → Planet Labs: Coming Back Down to Earth Adjusted earnings per share (EPS) rose by 6% YOY to 91 cents. This was much better than analyst expectations of 85 cents, which implied a decline of 1% YOY. Adding to the positives, Okta also raised the midpoints of both its full-year revenue and adjusted operating margin guidance. These figures each increased by 50 basis points to 9.5% YOY and 25.5%, respectively. Notably, current remaining performance obligations (RPOs) rose 12% YOY, while total RPOs grew 16% YOY. Both figures ran ahead of revenue growth, pointing to building demand momentum. Importantly, the company noted strong demand for its AI agent identity offerings, which was key to the stock’s rise. As companies deploy more AI agents, the...

Okta’s first quarter results drew a positive response from the market, with management crediting growth in large enterprise adoption, increased partner engagement, and broader product traction. CEO Todd McKinnon highlighted significant momentum from both core identity platforms—Okta and Auth0—as well as new offerings in identity governance and privileged access. Management emphasized that new products, including solutions for AI agent identity management, now make up a rising share of bookings, underscoring the company’s ability to adapt to evolving security needs. Is now the time to buy OKTA? Find out in our full research report (it’s free). Revenue: $765 million vs analyst estimates of $751.9 million (11.2% year-on-year growth, 1.7% beat) Adjusted EPS: $0.91 vs analyst estimates of $0.85 (6.7% beat) Adjusted Operating Income: $191 million vs analyst estimates of $179.5 million (25% margin, 6.4% beat) The company slightly lifted its revenue guidance for the full year to $3.20 billion at the midpoint from $3.18 billion Management raised its full-year Adjusted EPS guidance to $3.83 at the midpoint, a 1.3% increase Operating Margin: 7.3%, up from 5.7% in the same quarter last year Annual Recurring Revenue: $3.02 billion (12.3% year-on-year growth, beat) Billings: $612 million at quarter end, up 10.9% year on year Market Capitalization: $21.67 billion While we enjoy listening to the management’s commentary, our favorite part of earnings calls is the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. John DiFucci (Guggenheim): Asked if AI agent identity management is translating to real deployments or just early conversations. CEO Todd McKinnon said most customers are just beginning to formalize governance for AI agents, with Okta’s products well positioned for future adoption. Brian Essex (JPMorgan): Questioned whether heightened cybersecurity threats and new AI risks are accelerating spend. McKinnon responded that while there is urgency, purchasing decisions remain focused on strengthening core identity infrastructure, not panic buying. Eric Heath (KeyBanc): Inquired about pricing strategies and deal sizes for AI agent products. CFO Brett Tighe explained that AI-related deals are already larger than average, but Okta is...

Palo Alto Networks reported strong third-quarter earnings results on Tuesday afternoon, beating estimates for every major metric. Amid skepticism about artificial-intelligence disruption of software companies, the results reinforce the argument Palo Alto and its peers have made: AI creates more work for cybersecurity firms, not less. Adjusted earnings per share were 85 cents, ahead of Wall Street’s consensus estimate of 80 cents, and up from 80 cents last year.

Okta Inc. (NASDAQ:OKTA) is one of the 10 Stocks With Explosive Returns. Okta saw its share prices climb to a fresh four-year high on Friday, as investor sentiment was boosted by its strong earnings performance in the first quarter of fiscal year 2027. In intra-day trading, the stock surged to a record high of $124.79 before paring gains to end the session just up by 30.14 percent at $123.27 apiece. Photo by AlphaTradeZone on Pexels In a statement, Okta Inc. (NASDAQ:OKTA) said that it grew its net income during the period by 19 percent to $74 million from $62 million. Revenues increased by 11 percent to $765 million, thanks to an 11 percent jump in subscription revenues at $750 million. “AI agents are rapidly becoming a new workforce inside every organization, creating a wave of identities that must be secured and governed alongside human users,” Okta Inc. (NASDAQ:OKTA) CEO Todd McKinnon said. “We’re expanding our opportunity as the world’s leading independent and neutral identity provider and helping customers make identity the unified control plane for their secure agentic enterprise,” he noted. Looking ahead, Okta Inc. (NASDAQ:OKTA) is confident about the prospects for its business, with revenues in the second quarter expected to grow by 9 percent year-on-year to $790 million. For the full fiscal year, total revenues are projected at $3.185 billion to $3.205 billion, representing growth of 9 to 10 percent year-on-year. While we acknowledge the potential of OKTA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. Disclosure: None. Follow Insider Monkey on Google News.

Okta reported Q1 earnings that topped consensus estimates while the cybersecurity firm's guidance for a key metric came in above views.

The company reported better-than-expected earnings but analysts are focused on the AI product pipeline.

Okta OKTA posted first-quarter fiscal 2027 earnings of 91 cents per share, up 5.8% year over year, and surpassed the Zacks Consensus Estimate by 6.75%. Revenues rose 11.2% from the year-ago quarter to $765 million, beating the Zacks Consensus Estimate by 1.82%. The uptick can be attributed to steady subscription momentum, which increased 11% year over year to $750 million, continuing to account for the vast majority of the top line. Professional services and other revenues were $15 million, unchanged from the year-ago quarter, underscoring how product-led growth is driving the quarter’s revenue cadence. Location-wise, revenues from the United States contributed 83% to total revenues in the fiscal first quarter. The figure increased 11.15% year over year to $608 million. International revenues contributed 21.6% to total revenues. The figure increased 11.35% year over year to $157 million.Okta stock gained 8.19% in the pre-market trading. Okta, Inc. price-consensus-eps-surprise-chart | Okta, Inc. Quote Okta ended the quarter with remaining performance obligations (RPO) of $4.719 billion, up 16% year over year, highlighting continued strength in contracted subscription backlog. Current RPO, which captures the portion expected to be recognized over the next 12 months, rose 12% year over year to $2.499 billion. Customers with more than $100K in Annual Contract Value increased 6% year over year to 5,180. The dollar-based retention rate for the trailing 12 months was 107%, down 1% year over year. First-quarter fiscal 2026 non-GAAP gross margin decreased 30 basis points (bps) on a year-over-year basis to 82%.As a percentage of revenues, research and development expenses increased 40 bps year over year to 15.9%. General and administrative expenses decreased 170 bps year over year to 9%. Sales and marketing expenses increased 290 bps year over year to 31.6%.Non-GAAP operating margin contracted 180 bps year over year to 25% in the reported quarter. Okta had $2.589 billion in cash, cash equivalents and short-term investments as of April 30, 2026.Net cash provided by operating activities was $277 million, or 36% of revenue, while free cash flow was $271 million, or 35% of revenue.In the first quarter of fiscal 2027, the company also returned capital to shareholders during the quarter, including $248 million of common stock repurchases. For the second quarter of fiscal 20...

June S&P 500 E-Mini futures (ESM26) are trending up +0.18% this morning as investors became more confident that the U.S. and Iran are nearing a deal. The U.S. and Iran have reportedly reached a tentative deal to extend the ceasefire by 60 days, which would include the reciprocal reopening of the Strait of Hormuz during the first 30 days. It would mark the first phase of a multistage framework, which the U.S. hopes will result in Iran scaling back its nuclear program for decades. “We perhaps have the makings of a deal here,” Treasury Secretary Scott Bessent said on Thursday. A deal is reportedly awaiting approval from U.S. President Donald Trump. The price of WTI crude fell over -1% on Friday. ARM Stock Is Valued for Eternity, But Silicon Has an Expiration Date Ford Stock Is Moving Like Tesla Now. Its Results Can’t Justify the Premium. S&P 500 and Nasdaq 100 Post Record Highs on US-Iran Truce Reports Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! “If a deal is agreed upon, we should see another leg higher in risky assets and lower in rates. Positioning suggests that the rates market should see a greater reaction than equities,” said Mohit Kumar at Jefferies. Sentiment was also supported by some positive corporate news. Dell Technologies (DELL) popped over +37% in pre-market trading after the hardware maker posted upbeat Q1 results and raised its full-year revenue guidance amid surging demand for servers that power AI workloads. Also, Okta (OKTA) climbed more than +7% in pre-market trading after the company reported stronger-than-expected Q1 results and boosted its annual guidance. In yesterday’s trading session, Wall Street’s major indices closed higher, with the S&P 500 and Nasdaq 100 notching new record highs. Chip stocks climbed, with Arm Holdings (ARM) jumping more than +10% and Advanced Micro Devices (AMD) rising over +4%. Also, Snowflake (SNOW) popped over +36% after the data warehousing company reported strong Q1 results, raised its full-year product revenue guidance, and expanded its collaboration with Amazon Web Services. In addition, Agilent Technologies (A) surged more than +16% and was among the top percentage gainers on the S&P 500 after the company posted upbeat FQ2 results and raised its full-year guidance. On th...