Stock Track | Okta Inc. Soars 5.01% Intraday on Strong Q3 Results and AI Product Momentum

Stock Track12-04

Okta Inc. (OKTA) surged 5.01% during Wednesday's intraday trading, buoyed by better-than-expected fiscal third-quarter results and optimism around its expanding product portfolio, including AI-driven security solutions.

The identity management company reported Q3 earnings and revenue that topped Wall Street estimates, with subscription revenue rising 11% year-over-year. Okta also raised its full-year guidance, citing strong execution and growing demand for its Okta for AI Agents offering, which has already secured a pipeline of 100 prospects.

Truist analysts noted Okta is "hitting an inflection point" with new products like identity governance and privileged access management, while RBC highlighted the company's "emerging opportunity in agentic AI" as a long-term growth driver.

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