Movement Alert｜Okta Inc. Rises 7.95% in Pre-Market Trading, Q1 Earnings Beat on Both Revenue and EPS with Full-Year Guidance Raised

Market Focus

May 29

On May 29, Okta Inc. rose 7.95% in pre-market trading, trading at $102.4/share, with trading volume of $204,300.

The surge was driven by the company's first fiscal quarter earnings report released after the prior session's close. Okta posted adjusted earnings per share of $0.91, exceeding the analyst consensus estimate of $0.85, representing a 5.81% year-over-year increase. Revenue came in at $765 million, surpassing the market expectation of $752 million and maintaining double-digit year-over-year growth. Importantly, the company simultaneously raised its full-year fiscal 2027 guidance, projecting next-quarter revenue between $790 million and $794 million versus a market expectation of $791 million.

CEO Todd McKinnon highlighted that Agentic AI is driving a surge in demand for identity authentication tools, with Okta investing further in solutions such as Okta for AI agents. Additionally, Arete recently upgraded Okta from Sell to Buy with a target price of $127, significantly above current levels. As a leading independent identity provider, Okta's cloud platform is well-positioned to benefit from expanding enterprise AI security needs.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Rises 7.95% in Pre-Market Trading, Q1 Earnings Beat on Both Revenue and EPS with Full-Year Guidance Raised","media":"Market Focus","content":"<p><p>On May 29, Okta Inc. rose 7.95% in pre-market trading, trading at $102.4/share, with trading volume of $204,300.</p><p>The surge was driven by the company's first fiscal quarter earnings report released after the prior session's close. Okta posted adjusted earnings per share of $0.91, exceeding the analyst consensus estimate of $0.85, representing a 5.81% year-over-year increase. Revenue came in at $765 million, surpassing the market expectation of $752 million and maintaining double-digit year-over-year growth. 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Rises 7.95% in Pre-Market Trading, Q1 Earnings Beat on Both Revenue and EPS with Full-Year Guidance Raised\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1054767329\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/51943b2858f75e05ca2ebb144b4e626a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Market Focus </p>\n<p class=\"h-time\">2026-05-29 16:04</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p><p>On May 29, Okta Inc. rose 7.95% in pre-market trading, trading at $102.4/share, with trading volume of $204,300.</p><p>The surge was driven by the company's first fiscal quarter earnings report released after the prior session's close. Okta posted adjusted earnings per share of $0.91, exceeding the analyst consensus estimate of $0.85, representing a 5.81% year-over-year increase. 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As a leading independent identity provider, Okta's cloud platform is well-positioned to benefit from expanding enterprise AI security needs.(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}