Okta's stock has dropped this year as investors fret over AI replacing cybersecurity
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Okta
topped Wall Street’s fourth-quarter estimates after the bell on Wednesday as the identity management provider capitalizes on demand to secure artificial intelligence agents.
Shares rose 3%.
Here’s how the company did versus LSEG estimates:
Okta topped Wall Street's third-quarter estimates and issued an upbeat outlook, but shares fell as investors had high hopes for…
One of Okta's partners, Palo Alto Networks, recently announced an agreement to buy Okta competitor CyberArk.
Okta may have upside if it integrates AI agents into its identity security systems, the bank says.
BMO Capital Markets sees shares of Okta rising 22% from here.
The cybersecurity company also said on Tuesday that it's buying Israeli startup Koi
CEO Clayton Magouyrk said on the earnings call that the 'bring-your-own-hardware' model has been working and the company will not…
