Okta, Inc. - Class A Common Stock (OKTA)

Identity management company Okta (NASDAQ:OKTA) beat Wall Street’s revenue expectations in Q2 CY2025, with sales up 12.7% year on year to $728 million. Guidance for next quarter’s revenue was better than expected at $729 million at the midpoint, 0.9% above analysts’ estimates. Its non-GAAP profit of $0.91 per share was 7.6% above analysts’ consensus estimates.

Okta's market is heating up and could soon unleash an explosive upside. The long-term forecast is for a triple-digit upside from late August trading.

Wall Street traded cautiously on Wednesday, with major indices little changed at midday as investors awaited NVIDIA Corp.‘s (NASDAQ:NVDA) second-quarter earnings after the bell.

Shares of identity management company Okta (NASDAQ:OKTA) jumped 3.4% in the morning session after the company reported strong second-quarter earnings that surpassed analyst expectations and raised its full-year financial forecast. The identity and access management company announced adjusted earnings per share (EPS) of $0.91 on revenue of $728 million, which grew 12.7% year-over-year. These results exceeded consensus estimates of $0.85 in adjusted EPS and $711.6 million in revenue. Looking ahead, the company provided an optimistic outlook, raising its full-year guidance for both revenue and adjusted EPS. Management now expects full-year revenue of $2.88 billion and adjusted EPS of $3.36 at the midpoint. Additionally, its revenue guidance for the upcoming third quarter also surpassed Wall Street's expectations.

Okta shares are climbing Wednesday morning. The identity security company delivered a strong second-quarter earnings beat and raised its full-year guidance.

U.S. stocks closed higher on Tuesday, with the Dow Jones Industrial Average rising 0.3% to 45,418.07.

Identity management company Okta (NASDAQ:OKTA) reported Q2 CY2025 results topping the market’s revenue expectations, with sales up 12.7% year on year to $728 million. Guidance for next quarter’s revenue was better than expected at $729 million at the midpoint, 0.9% above analysts’ estimates. Its non-GAAP profit of $0.91 per share was 7.6% above analysts’ consensus estimates.

Okta Q2 FY26 earnings beat estimates with $728M revenue and $0.91 EPS. Strong growth in RPO and cash flow. Shares rose on robust results and guidance.

Okta reports second-quarter revenue of $728 million, beating analyst estimates of $712.01 million, according to Benzinga Pro.

Okta stock rose after the cybersecurity firm reported Q2 earnings and revenue that topped consensus estimates while guidance came in above views.

Cybersecurity spending is set to rise ahead of the 2026 midterms, creating long-term opportunities for investors in election and infrastructure security

All three have huge growth potential.

Jim Cramer is sitting out the current market rally, citing excessive intervention, overbought conditions as key reasons to remain cautious.

U.S. stock futures fell on Tuesday following Monday's lower close. Futures of major benchmark indices were lower.