Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › Business & Finance › Okta Shares Surge on Strong Earnings
Business & Finance

Okta Shares Surge on Strong Earnings

Bloomberg Markets Thursday 27 August 2026, 17:02 UTC 1 min read
Key Points

Okta's stock experienced a significant rally following the company's better-than-expected quarterly results and an upgraded revenue forecast. The cybersecurity firm is capitalizing on the increasing demand for security solutions tailored to the growing number of AI agents deployed within businesses. Todd McKinnon, Okta's cofounder and CEO, discussed the factors driving the company's robust growth (Source: Bloomberg)

Okta's stock experienced a significant rally following the company's better-than-expected quarterly results and an upgraded revenue forecast. The cybersecurity firm is capitalizing on the increasing demand for security solutions tailored to the growing number of AI agents deployed within businesses. Todd McKinnon, Okta's cofounder and CEO, discussed the factors driving the company's robust growth (Source: Bloomberg)
Okta Shares Surge (ORG) AI (ORG) Todd McKinnon (PERSON) Okta (ORG)
Originally published by Bloomberg Markets Read original →

Related Stories

Brian Sullivan: Gulf nations are unlikely to agree to a toll plan for Strait of Hormuz safe passage

POWER POINT What I'm hearing from energy insiders The Great Hormuz Debate. Exactly how many ships - and how much oil - are getting through the Strait of Hormuz? With apologies to Shakespeare's Hamlet, that is the question.

CNBC 8m ago

EU tax: Chinese small parcels plunge 30 to 40%

Since 1 July, the EU has levied a €3 customs duty on parcels worth under €150. The measure is already biting: imports, especially from China, have slumped by 30–40%. For years, small parcels from China have been flooding European letterboxes.

Euronews 10m ago

SpaceX’s $100 billion spaceport plan has investors asking where all the money is coming from

SpaceX has envisioned a sprawling spaceport in Vermilion Parish, Louisiana, that it said could be capable of launching thousands of Starship rockets each year.

MarketWatch 11m ago

SpaceX shares are doing something very unusual. Options traders are taking note

After an explosive debut and equally impressive crash, SpaceX shares are now, well, hovering in midair. After debuting as the most volatile stock among its large-cap peers, Elon Musk's astronomic equity hasn't moved in three weeks, with shares trading in a $10-range around the $140 level. Implied volatility, a rough measure of the costs of options, in SpaceX is now 57, down from over 120 prior to its earnings report, ThinkOrSwim data show.

CNBC 12m ago