From Nasdaq: 2025-05-22 12:12:00

Okta is scheduled to release its first-quarter fiscal 2026 results on May 27. The company anticipates non-GAAP earnings of 76-77 cents per share and revenues in the range of $678-$680 million, reflecting a 10% growth from the previous year. Okta has a history of beating earnings estimates, with an average surprise of 15.70% in the last four quarters. The Zacks Consensus Estimate for earnings is 77 cents per share and $679.73 million for revenues.

Okta’s expanding product portfolio, especially in security and identity governance, is expected to drive top-line growth. The company ended the fourth quarter of fiscal 2025 with 19,650 customers and $4.215 billion in remaining performance obligations, indicating strong subscription revenue growth. New products like Okta Identity Governance and Privileged Access are expected to contribute significantly to the upcoming quarter’s performance.

Despite its positive outlook, Okta faces stiff competition from companies like CyberArk and Microsoft in the identity and access management space. Microsoft’s Entra identity offering serves over 900 million monthly active users, while CyberArk introduced the CyberArk Secure AI Agents Solution. Okta’s performance may also be impacted by challenging macroeconomic conditions, intense competition, and a stretched valuation. The company currently holds a Zacks Rank #4 (Sell).



Read more at Nasdaq: Should You Buy, Hold or Sell OKTA Stock Before Q1 Earnings Release?