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Okta Inc (OKTA) on Record High Amid AI Boom; Hedge Funds Raise Exposure
Insider Monkey27d agobullish
Okta Inc (OKTA) on Record High Amid AI Boom; Hedge Funds Raise Exposure

Okta Inc. (NASDAQ:OKTA) saw its share price climb to a new four-year high on Thursday after reporting a strong earnings performance in the second quarter of fiscal year 2027, which showed that the company is reaping huge returns from the booming artificial intelligence industry. In intraday trading, the stock climbed to a record high of […]

Why Is Okta (OKTA) Stock Soaring Today
StockStory28d agobullish
Why Is Okta (OKTA) Stock Soaring Today

Shares of identity management company Okta (NASDAQ:OKTA) jumped 28% in the afternoon session after the company reported stronger-than-expected second-quarter financial results and raised its full-year revenue outlook.

OKTA Q2 Deep Dive: AI Security Drives New Product Momentum, Core Business Expands
StockStory28d agoneutral
OKTA Q2 Deep Dive: AI Security Drives New Product Momentum, Core Business Expands

Identity management company Okta (NASDAQ:OKTA) announced better-than-expected revenue in Q2 CY2026, with sales up 10.6% year on year to $805 million. Guidance for next quarter’s revenue was better than expected at $815 million at the midpoint, 0.9% above analysts’ estimates. Its non-GAAP profit of $1.05 per share was 8.9% above analysts’ consensus estimates.

Tech investors are looking at AI with 'more nuance' as it fuels software demand
Yahoo Finance Video28d agoneutralVIDEO
Tech investors are looking at AI with 'more nuance' as it fuels software demand

Salesforce stock (CRM) surges ahead by over 22% on Thursday since releasing strong second quarter earnings results, coming at a time when AI demand is driving growth within the software sector. Macquarie US head of software and services research Steve Koenig examines what he is seeing from tech investors and how Salesforce performed.

Software and Chip Stocks Surge in AI-Fueled Earnings Blowout
The Wall Street Journal28d agobullish
Software and Chip Stocks Surge in AI-Fueled Earnings Blowout

Software and semiconductor stocks are high-flying in morning trading on the backs of stellar Salesforce, Crowdstrike and Nvidia earnings Wednesday. Salesforce is up more than 20%. The software giant said it was deepening its partnership with Anthropic, boosting investor confidence in its ability to integrate AI into its software.

Okta (OKTA) Launches Agent SSO For Enterprise AI Access
Simply Wall St.28d agoneutral
Okta (OKTA) Launches Agent SSO For Enterprise AI Access

Okta (NasdaqGS: OKTA) has launched Agent SSO, a new product to manage identity and access for AI agents alongside human users. The release targets enterprises that use AI agents across workflows and want consistent access controls, visibility and policy management. Agent SSO is designed to reduce reliance on static API keys, which can create security and governance risks in large scale deployments. For readers interested in other companies building the tools and infrastructure behind...

Here are the companies leading the software comeback against OpenAI and Anthropic
Yahoo Finance Video28d agoneutralVIDEO
Here are the companies leading the software comeback against OpenAI and Anthropic

Yahoo Finance Executive Editor Brian Sozzi debates with Yahoo Finance Markets and Data Editor Jared Blikre, Northwestern Mutual Wealth Management Company CIO Brent Schutte and Laffer Tengler Investments CEO & CIO Nancy Tengler on whether the so-called "SaaSpocalypse" is over. Salesforce (CRM) and CrowdStrike (CRWD) stock both surged a day after positive earnings reports.