1150 ET - Okta's 4Q report suggests the company's growth is stabilizing and potentially accelerating, UBS analysts say. Okta's new products and sales productivity are ramping up. The analysts say they're encouraged by the sharp increase in new product bookings, which made up 30% of total 4Q bookings, up from around 20% in the first half of 2026. Although margin and revenue growth projections were a little short of estimates, the analysts say investors are likely to tolerate near-term margin compression for a more positive growth trajectory. Shares climbs 10%. (katherine.hamilton@wsj.com)
(END) Dow Jones Newswires
March 05, 2026 11:50 ET (16:50 GMT)
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