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At close · Thu, Aug 27, 2026
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Earnings

Home›Earnings›Results›Okta shares jump after topping estimates on identity s…

Okta shares jump after topping estimates on identity security demand

Okta said new products made up 30% of total bookings, and it closed dozens of AI-related deals during the period.

Reported · Written up by our desk · Results

Okta topped analysts expectations, sending its shares up about 20%, as investors focused on accelerating demand for identity security tied to AI threats, CNBC Markets reports.

In its update, Okta said new products accounted for 30% of total bookings.

The company also said it closed dozens of AI deals during the period, citing stronger enterprise interest in securing access as AI use expands.

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Sources

CNBC MarketsOkta pops 20% after topping estimates as AI threat spikes demand for identity security
CNBC WorldOkta pops 20% after topping estimates as AI threat spikes demand for identity security
CNBC EarningsOkta pops 20% after topping estimates as AI threat spikes demand for identity security

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