Okta Shows Strong New Product Momentum -- Market Talk

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0859 GMT - Okta's products for AI agents are showing signs of strong early momentum, Berenberg's Rahul Chopra writes in a note. The two new products for AI agents mean the company is well-placed "to capture the growing addressable market in securing AI agents," the analyst writes. The software company beat profit estimates for the first quarter, and after market close Thursday lifted its forecast for the year in earnings posted. Okta's digital-security framework has an advantage over peers' because of its centralized platform, which will help the company gather market share, the analyst writes. Shares jump 8.5% in premarket trade. (josephmichael.stonor@wsj.com)

(END) Dow Jones Newswires

May 29, 2026 05:00 ET (09:00 GMT)

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The two new products for AI agents mean the company is well-placed \"to capture the growing addressable market in securing AI agents,\" the analyst writes. The software company beat profit estimates for the first quarter, and after market close Thursday lifted its forecast for the year in earnings posted. Okta's digital-security framework has an advantage over peers' because of its centralized platform, which will help the company gather market share, the analyst writes. Shares jump 8.5% in premarket trade. 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