Okta, Inc. - Class A Common Stock (OKTA)

11 large-cap stocks with worst performance in last week: SMMT, PDD, REGN, BAH, OKTA, DECK, CPRT, COO, TPL, HPQ, BURL. Mixed results, lowered forecasts.

US markets closed lower on May 20, 2025, with investor caution ahead of Nvidia earnings and growing recession concerns from the Fed.

Is Okta stock still a growth stock?

After a sharp Tuesday rally fueled by optimism over improved U.S.-EU trade ties, Wall Street stalled midweek as rising Treasury yields reasserted pressure ahead of Nvidia Corp.

Okta Inc (NASDAQ:OKTA) shares are falling Wednesday after the company reported first-quarter financial results and provided cautious forward-looking commentary. Multiple analysts also lowered price targets following the report.

Analysts at Jefferies highlighted that while Okta’s Q1 results were healthy, the company’s guidance for current remaining performance obligations in the second quarter was a surprise.

Discover the top movers in Wednesday's pre-market session and stay informed about market dynamics.

CEO Todd McKinnon said the company had a solid start to FY26 highlighted by record operating profit and another quarter of robust free cash flow.

Identity management software maker Okta (OKTA) reported Q1 CY2025 results exceeding the market’s revenue expectations, with sales up 11.5% year on year to $688 million. The company expects next quarter’s revenue to be around $711 million, close to analysts’ estimates. Its non-GAAP profit of $0.86 per share was 11.5% above analysts’ consensus estimates.

After the closing bell on Tuesday, let's take a glimpse of the US markets and explore the top gainers and losers in today's after-hours session.

Okta reported first-quarter revenue of $688 million, beating analyst estimates of $680.25 million.

Okta stock fell after the cybersecurity firm reported Q1 earnings that topped estimates while revenue guidance came in slightly above views.