Movement Alert｜Okta Inc. Overnight Rise 7.58%, Q1 Earnings Beat on Both EPS and Revenue with Raised Full-Year Outlook

Market Focus

May 29

On May 29, Okta Inc. rose 7.58% overnight, trading at $102.0/share. The surge was driven by the company's fiscal Q1 earnings report that beat expectations on both top and bottom lines, accompanied by an upward revision to its full-year guidance.

Okta reported fiscal Q1 adjusted EPS of $0.91, exceeding the analyst consensus estimate of $0.85 by 7.06% and representing a 5.81% year-over-year increase from $0.86. Revenue came in at $765 million, surpassing the market expectation of approximately $752 million. The company also raised its FY2027 full-year outlook, guiding adjusted EPS to a range of $3.79–$3.87, in line with the FactSet estimate of $3.80. For Q2, Okta expects revenue between $790 million and $794 million versus the consensus of $791 million.

CEO Todd McKinnon highlighted that Agentic AI is driving a surge in demand for identity management tools, with the company investing in products such as Okta for AI agents. Separately, Arete recently upgraded Okta from Sell to Buy with a target price raised from $83 to $127.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Overnight Rise 7.58%, Q1 Earnings Beat on Both EPS and Revenue with Raised Full-Year Outlook","media":"Market Focus","content":"<p><p>On May 29, Okta Inc. rose 7.58% overnight, trading at $102.0/share. The surge was driven by the company's fiscal Q1 earnings report that beat expectations on both top and bottom lines, accompanied by an upward revision to its full-year guidance.</p><p>Okta reported fiscal Q1 adjusted EPS of $0.91, exceeding the analyst consensus estimate of $0.85 by 7.06% and representing a 5.81% year-over-year increase from $0.86. Revenue came in at $765 million, surpassing the market expectation of approximately $752 million. The company also raised its FY2027 full-year outlook, guiding adjusted EPS to a range of $3.79–$3.87, in line with the FactSet estimate of $3.80. 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Overnight Rise 7.58%, Q1 Earnings Beat on Both EPS and Revenue with Raised Full-Year Outlook\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1054767329\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/51943b2858f75e05ca2ebb144b4e626a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Market Focus </p>\n<p class=\"h-time\">2026-05-29 08:04</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p><p>On May 29, Okta Inc. rose 7.58% overnight, trading at $102.0/share. The surge was driven by the company's fiscal Q1 earnings report that beat expectations on both top and bottom lines, accompanied by an upward revision to its full-year guidance.</p><p>Okta reported fiscal Q1 adjusted EPS of $0.91, exceeding the analyst consensus estimate of $0.85 by 7.06% and representing a 5.81% year-over-year increase from $0.86. 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The company also raised its FY2027 full-year outlook, guiding adjusted EPS to a range of $3.79–$3.87, in line with the FactSet estimate of $3.80. For Q2, Okta expects revenue between $790 million and $794 million versus the consensus of $791 million.CEO Todd McKinnon highlighted that Agentic AI is driving a surge in demand for identity management tools, with the company investing in products such as Okta for AI agents. Separately, Arete recently upgraded Okta from Sell to Buy with a target price raised from $83 to $127.(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. 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