OKTA Stock Recent News

OKTA sinks 16% as slowing growth outlook overshadows strong Q1 results and raises concerns over valuation despite robust demand for identity solutions.

Okta stock price suffered a big reversal this week, making it one of the worst-performing companies. It crashed by over 16% on Wednesday, erasing some of the gains made since April 7.

Okta's first-quarter earnings beat expectations, but its outlook fell short of investor expectations. Okta CEO Todd McKinnon joins Caroline Hyde and Ed Ludlow on "Bloomberg Technology.

Live Updates Live Coverage Updates appear automatically as they are published. Great Expectations 12:38 pm by Gerelyn Terzo A cautious tone persists in today’s trading, with the three major stock market averages slightly in the red. Nvidia (Nasdaq: NVDA) shares are up 0.33% ahead of its highly anticipated quarterly earnings report expected after the closing bell. The prevailing sentiment is that Nvidia will once again exceed expectations and upgrade its guidance due to strong AI and chip demand. Yet, concerns linger regarding a potential write-down linked to China revenues, even with overall strong demand. The SPY ETF is lower by 0.16%. Consumer Spending on Deck 10:49 am by Gerelyn Terzo The markets will receive greater insight on the resilience of the consumer this week. Personal Income and Spending data for April is due out on Friday. This data follows a period of robust consumer spending observed in March. Economists at Wells Fargo anticipate a 0.3% increase in personal income

Live Updates Live Coverage Updates appear automatically as they are published. Biotech Benefits from Generative AI 2:02 pm by Gerelyn Terzo Wall Street firm Jefferies believes certain biotechnology stocks are poised to benefit from AI advancements. Analyst Michael Yee told CNBC that the sector is likely to save billions of dollars as well as time in getting drugs to market thanks to the role of generative AI in drug discovery. The firm is bullish on biotech stocks for the rest of 2025, saying any bad news is already built into the sector. The Nasdaq Composite is basically flat ahead of Nvidia’s earnings. Market Update 12:33 pm by Gerelyn Terzo Stocks are continuing to play it safe in today’s trading session, with the three major stock market averages fractionally lower across the board. VP JD Vance is headlining today’s Bitcoin 2025 event, but it’s doing little to lift the BTC price, which is up about 0.17%. Nvidia (Nasdaq: NVDA) stock is up 0.33% today ahead of

Okta (OKTA -14.16%) reported its fiscal 2026 first-quarter earnings on May 27, 2025, delivering 12% year-over-year total revenue growth, record profitability, and strong cash flow. Management introduced suite-based pricing, announced accelerating product innovation in both human and nonhuman identity, and issued full-year fiscal 2026 guidance for 9%-10% revenue growth, a 25% adjusted operating margin, and a 27% free cash flow margin.

Cybersecurity specialist Okta (OKTA -13.26%) took a tumble Wednesday, falling 14.6% through noon ET. The crazy thing is, Okta's news looked pretty good.

U.S. equities were lower at midday as the market awaited the release of the latest Federal Reserve minutes and the much-anticipated after-the-bell earnings report from Nvidia (NVDA). The Dow Jones Industrial Average, S&P 500, and Nasdaq all declined.

Cloud stocks Box Inc (NYSE:BOX) and Okta Inc (NASDAQ:OKTA) are staging opposite post-earnings reactions.

Okta Inc (NASDAQ:OKTA) delivered first quarter financial results that beat Wall Street expectations, but shares traded more than 13% lower on Wednesday morning as it issued conservative guidance, citing macro uncertainty.  For the first quarter, the identity and access management firm reported revenue of $688 million, up 12% year-over-year and above consensus estimates of $680.3 million.