Okta (NASDAQ:OKTA) tacks on $2.4 billion with cyber-demand premium stretching
Okta, Inc. surged 10.0% to $153.55 in late Tuesday trading after International Business Machines Corp. said clients had slowed purchases because of broad cyber worries. Okta’s market cap jumped by about $2.44 billion. That’s about 76% of the midpoint in Okta’s fiscal 2027 revenue guidance. Investors are still spending on identity security, even as IBM flagged tighter software budgets.
