Okta (OKTA) on Monday reported fourth-quarter earnings and revenue that handily beat consensus estimates. Fiscal 2026 revenue guidance for Okta stock came in well above views.
Reported after the market close, Okta earnings were 78 cents per share on an adjusted basis for the quarter ending Jan. 31, up 24% from a year earlier. San Francisco-based Okta said revenue climbed 13% to $682 million.
Analysts had expected Okta earnings of 74 cents on revenue of $669 million.
A key financial metric, current remaining performance obligations, known as CRPO bookings, topped views. In Q4, CRPO rose 15% to $2.248 billion vs. estimates of $2.138 billion. CRPO bookings are an aggregate of deferred revenue and order backlog.
For fiscal 2026, which starts with the current quarter ending in April, Okta predicted revenue in a range of $2.85 billion to 2.86 billion, topping estimates of $2.79 billion.
On the stock market today, Okta stock popped more than 11% to 97.50 in extended trading. OKTA had advanced 15% in 2025 prior to the earnings report.
The company's security software monitors and manages privileged accounts. Hackers often target employees or management with administrative access to company computer systems.
Heading into the earnings report, Okta owned a Relative Strength Rating of 78 out of a best-possible 99, according to IBD Stock Checkup.
Growing competition from Microsoft (MSFT) is one issue for Okta stock.
Follow Reinhardt Krause on Twitter @reinhardtk_tech for updates on artificial intelligence, cybersecurity and cloud computing.
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