Okta rises after raising annual outlook on surging demand for cybersecurity tools

Okta

27/08/2025 09:11

** Cybersecurity firm Okta's shares OKTA.O up 5.5% at $96.62 premarket

** Co raises annual revenue and profit forecasts on surging cybersecurity tools demand

** Raises fiscal 2026 rev forecast to a range of $2.88 bln to $2.89 bln, up from prior expectations of $2.85 bln to $2.86 bln

** Also lifts annual adjusted profit per share forecast to $3.33 to $3.38, compared with earlier projections of $3.23 to $3.28

** At least two brokerages raise PT on stock following results

** "We see OKTA as a primary beneficiary of the growing strategic importance of Identity Security" - J.P.Morgan

** OKTA is rated "Buy" on avg, with a $120 median PT, as per data compiled by LSEG

** YTD, stock up 16.3%

(Reporting by Joel Jose in Bengaluru)

((joeljose@thomsonreuters.com;))