📈 Okta surprises again: strong results, revenue growth and positive outlook for 2026 🚀

Okta $OKTA, a leader in cybersecurity and digital identity management, reported significantly better results than analysts expected last quarter. Shares responded by rising more than 17 %confirming investor confidence in the company and its strategy. 🔥

Key figures:
Revenues grew to $682 million (+13% YoY)

Earnings per share were $0.78, up 24% from a year ago

Subscription volume grew 25% to a record $4.125 billion

CRPO bookings (sum of backlog and deferred revenue) jumped 15% to $2.248 billion

Operating cash flow reached $750 million, up $512 million from a year ago

Fiscal year 2026 outlook: expected revenue of $2.85-2.86 billion, beating estimates

💡 What's behind this growth?
Okta is benefiting from the growing demand for identity protection and cybersecurity, an increasing priority for businesses around the world. With the advent of artificial intelligence, cyber threats are multiplying, and businesses are investing more in prevention.

📊 Comparison with competitors
While Okta has grown by 29 %, competitor Palo Alto Networks $PANW has stagnated year-to-date. This shows that investors value the expansive growth and innovation that Okta brings above all else .

The company is financially stable, with a cash reserve of USD 2.5 billion

The company has a strong foundation for long-term growth, including new products that form 20 % new orders

Growth momentum indicates continuation of positive trend

Given its strong track record, growth in cybersecurity and the ever-increasing demand for digital identity protection, the company has quite a bit of potential.

Does anyone know this company? Who is your number one cybersecurity company?