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StonvexStonvexStonvexOkta stock surged 30.43% to a 52-week high following strong Q1 FY2027 results, with revenue reaching $765 million (11% YoY growth) and EPS of $0.91 beating expectations of $0.85. The company generated $271 million in free cash flow and guided for full-year revenue growth of approximately 10% to $3.2 billion, with management positioning Okta as a critical player in securing AI agents.
Okta stock surged 30.43% to a new 52-week high after reporting strong Q1 FY2027 earnings with 11% YoY revenue growth to $765 million and beating EPS estimates at $0.91 vs. $0.85 expected. The company generated $271 million in free cash flow and guided for full-year revenue growth of ~10% to $3.2 billion. CEO Todd McKinnon highlighted the company's strategic positioning to secure and govern AI agents as a new workforce, positioning Okta as a critical cybersecurity provider in the agentic AI era.
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