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Okta surged 17% in pre-market trading! Q3 performance exceeded expectations, and AI applications continue to explode.
In the age of ai, the importance of the identity market is becoming increasingly prominent. Okta is committed to providing secure and convenient identity management solutions for enterprises and individuals. In the third quarter, Okta's revenue was $0.665 billion, a year-on-year growth of 14%, exceeding analysts' expectations of $0.65 billion.
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U.S. stocks are moving | Okta once surged over 11.5% as its third-quarter performance exceeded expectations and it raised its full-year guidance.
December 4, Gralon: Shares of cybersecurity company okta (OKTA.US) surged over 11.5% in early trading, reaching as high as $91.126. On the news front, Okta reversed its net income to $16 million in the third quarter of the 2025 fiscal year; adjusted earnings per share were $0.67, beating the market's expected $0.58; revenue increased by 14% year-on-year to $0.665 billion, also higher than the market's expected $0.65 billion. Additionally, the company raised its full-year performance guidance, expecting revenue to approach $2.6 billion, up from the previous expectation of $2.57 billion.
Goldman Sachs Maintains Buy on Okta, Raises Price Target to $107