Okta ( (OKTA) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
Okta, Inc. experienced a notable surge in its stock price, climbing 11% in after-hours trading, following its impressive fourth-quarter earnings report for Fiscal Year 2025. The company exceeded expectations with earnings per share of $0.78, surpassing the consensus estimate of $0.74, and reported a 12.7% year-over-year sales increase to $682 million. This strong performance is attributed to the growing demand for Okta’s identity security solutions amid changing IT and security needs. Despite a decline in website traffic by 6.22%, Okta successfully converted visitors into paying customers, evidenced by a 25% rise in its subscription backlog to $4.215 billion. The company’s optimistic outlook for 2026, with projected revenues and EPS above analysts’ forecasts, further boosted investor confidence. Okta’s strategic growth in cloud-based solutions is underscored by achieving $1 billion in sales over four years in the AWS Marketplace. These positive developments have prompted analysts to reassess Okta’s price targets, highlighting its strong financial health and growth potential.
More about Okta
YTD Price Performance: 14.79%
Average Trading Volume: 3,116,423
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $15.51B
For further insights into OKTA stock on TipRanks’ Stock Analysis page.
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