Okta's Trading Volume Surges 352.9% to $1.082 Billion Ranking 79th in Market

On May 27, 2025, Okta's trading volume reached $1.082 billion, marking a 352.9% increase from the previous day, placing it 79th in the day's stock market rankings. Okta's stock price rose by 1.44%.

Okta reported its financial results for the first quarter of fiscal year 2026, with total revenue reaching $688 million, reflecting a 12% year-over-year increase. This growth was driven by a 12% rise in subscription revenue, which accounted for 98% of the company's total revenue. The company also achieved record operating profitability and strong cash flow during this period.

Okta's earnings per share (EPS) for the quarter were 86 cents, surpassing the expected 77 cents. The company's revenue of $688 million also exceeded market expectations of $680 million. This strong performance in the first quarter has positioned Okta well for the rest of the fiscal year, with the company projecting EPS of $3.23 to $3.28 and revenue of $2.85 to $2.86 billion for the full year 2026.