2 months ago
CNBC reported that Okta, Inc. (NASDAQ:OKTA) shares surged as much as 29% after the identity security company beat fiscal second-quarter estimates.
Adjusted earnings per share came in at $1.05 versus $0.97 expected, and revenue rose 11% to $805 million versus $795 million expected. Net income totaled $116 million, up from $67 million a year earlier, and remaining performance obligations, a measure of backlog, climbed 17% to $4.86 billion, beating the $4.70 billion **** ysts anticipated. Okta made its "Okta for AI Agents" tool available to all customers during the quarter, with new products accounting for 30% of total bookings and "dozens" of AI-related deals closed, including a multi-million-dollar healthcare contract. The company raised full-year revenue guidance to $3.22 billion to $3.23 billion. CEO Todd McKinnon said, "As AI agents transform every layer of technology, every agent needs a trusted identity."
The beat was broad-based across current results and future visibility. Earnings, revenue, and backlog all topped estimates, with remaining performance obligations up 17% to $4.86 billion. It showed that both this quarter's performance and Okta, Inc. (NASDAQ:OKTA)'s forward revenue pipeline are strengthening together.
AI-driven demand is showing up in quantifiable deal activity and not just management commentary. New products made up 30% of total bookings, and the company closed dozens of AI-related deals. It includes a multi-million-dollar healthcare contract, concrete evidence that customers are actually paying for Okta's AI agent security tools rather than merely expressing interest.
Management raised guidance and reinforced its position with an acquisition, backing confidence with action. Okta lifted full-year revenue and earnings guidance while closing its purchase of threat-detection startup Permiso Security. It is extending its platform into identity threat detection specifically relevant to securing AI agents.
#okta #million #security #year
Adjusted earnings per share came in at $1.05 versus $0.97 expected, and revenue rose 11% to $805 million versus $795 million expected. Net income totaled $116 million, up from $67 million a year earlier, and remaining performance obligations, a measure of backlog, climbed 17% to $4.86 billion, beating the $4.70 billion **** ysts anticipated. Okta made its "Okta for AI Agents" tool available to all customers during the quarter, with new products accounting for 30% of total bookings and "dozens" of AI-related deals closed, including a multi-million-dollar healthcare contract. The company raised full-year revenue guidance to $3.22 billion to $3.23 billion. CEO Todd McKinnon said, "As AI agents transform every layer of technology, every agent needs a trusted identity."
The beat was broad-based across current results and future visibility. Earnings, revenue, and backlog all topped estimates, with remaining performance obligations up 17% to $4.86 billion. It showed that both this quarter's performance and Okta, Inc. (NASDAQ:OKTA)'s forward revenue pipeline are strengthening together.
AI-driven demand is showing up in quantifiable deal activity and not just management commentary. New products made up 30% of total bookings, and the company closed dozens of AI-related deals. It includes a multi-million-dollar healthcare contract, concrete evidence that customers are actually paying for Okta's AI agent security tools rather than merely expressing interest.
Management raised guidance and reinforced its position with an acquisition, backing confidence with action. Okta lifted full-year revenue and earnings guidance while closing its purchase of threat-detection startup Permiso Security. It is extending its platform into identity threat detection specifically relevant to securing AI agents.
#okta #million #security #year
2 months ago
Companies worried for years about whether an employee's password had been stolen.
Now they have to worry about AI "workers," too.
Okta (OKTA) reported fiscal second-quarter revenue of $805 million, up 11%, while subscription revenue reached $793 million, up 12%. Remaining performance obligations increased 17% to nearly $4.86 billion.
The company boosted its yearly outlook as organizations increasingly face a category of identity that was virtually nonexistent in mainstream commercial IT only a few years ago: autonomous AI agents.
"Every agent needs a trusted identity and clear controls over what it can access and do," CEO Todd McKinnon said.
#okta #years #every #mckinnon
Now they have to worry about AI "workers," too.
Okta (OKTA) reported fiscal second-quarter revenue of $805 million, up 11%, while subscription revenue reached $793 million, up 12%. Remaining performance obligations increased 17% to nearly $4.86 billion.
The company boosted its yearly outlook as organizations increasingly face a category of identity that was virtually nonexistent in mainstream commercial IT only a few years ago: autonomous AI agents.
"Every agent needs a trusted identity and clear controls over what it can access and do," CEO Todd McKinnon said.
#okta #years #every #mckinnon
2 months ago
Companies worried for years about whether an employee's password had been stolen.
Now they have to worry about AI "workers," too.
Okta (OKTA) reported fiscal second-quarter revenue of $805 million, up 11%, while subscription revenue reached $793 million, up 12%. Remaining performance obligations increased 17% to nearly $4.86 billion.
The company boosted its yearly outlook as organizations increasingly face a category of identity that was virtually nonexistent in mainstream commercial IT only a few years ago: autonomous AI agents.
"Every agent needs a trusted identity and clear controls over what it can access and do," CEO Todd McKinnon said.
#okta #million #identity #remaining
Now they have to worry about AI "workers," too.
Okta (OKTA) reported fiscal second-quarter revenue of $805 million, up 11%, while subscription revenue reached $793 million, up 12%. Remaining performance obligations increased 17% to nearly $4.86 billion.
The company boosted its yearly outlook as organizations increasingly face a category of identity that was virtually nonexistent in mainstream commercial IT only a few years ago: autonomous AI agents.
"Every agent needs a trusted identity and clear controls over what it can access and do," CEO Todd McKinnon said.
#okta #million #identity #remaining
2 months ago
True entertainers can charm the pants off even the toughest of critics. Although anyone with good Wi-Fi and a clean iPhone lens can go viral, it takes hard work, genuine talent, a whole lot of perseverance, and, of course, innate magnetism to cut through the algorithm and catch the attention of industry gatekeepers and fickle fans alike. And all 31 honorees selected for our 2026 Breakthrough List have done just that.
Actor-writer-director Eva Victor, for instance, went from posting (respectfully) goofy pandemic-era TikTok sketches to darling of last year's Sundance Film Festival with her debut feature Sorry, Baby; now, she calls Pedro Pascal and Olivia Wilde co-stars. For FLO, "Leak It" has established the British trio as one of music's most sizzling R&B acts, while campy duo Haute & Freddy's synthy whimsy and thoughtful lyricism earned them the stamp of approval from a certified pop icon: Lady Gaga. After cutting his teeth with one supporting role after the next, The Shards standout Igby Rigney proves he has what it takes to be one of TV's leading men. Meanwhile, Mexican actor Diego Calva has one Golden Globe nomination to his name, and we predict another coming his way for his tender performance in Jordan Firstman's already-buzzy Club Kid.
Whether they're topping charts with tomorrow's Grammy-winning earworms, delighting audiences in mega-viral social media series, or breathing new life into beloved franchises like Legally Blonde and Baywatch, these artists will remain at the top of our feeds, queues, and playlists for years. Below, meet this year's breakthroughs.
Stylist: Jessica Paster, Hair: Xavier Velasquez, Makeup: Kirin Bhatty.
Credit: Celeste Sloman
Calling Jon Hamm, Olivia Wilde, and Amanda Peete co-stars is no small matter, but that's reality for Aimee Carrero, a scene-stealer in Apple TV+'s Emmy-nominated Your Friends and Neighbors. A featured player in dozens of IMDb credits thus far, the Dominican-American actress from Miami has a starring role in the comedy One Attempt Remaining (with Jennifer Garner, Kate McKinnon, John Cena, no less) coming down the pike. As for who Carrero thinks will have a banner year? Inde Navarrette: "I love seeing a young Latina woman out there doing her thing."
What was your first job?
Working in a furniture store—West Elm. A celebrity who will remain unnamed came in and ordered a ton of sh*t. It was gonna be a huge commission for me. I went to ring her up, and the card declined. She says, "I'll be back tomorrow." Never came back.
Who should play you in your biopic?
Olivia Rodrigo. You want someone younger and more beautiful than you to do it.
What's the most underrated movie, TV show, song, or album of all time?
Well, it wasn't underrated at the time, but I do think this new generation needs to get into The X Files. Gillian Anderson was my first celebrity crush. There's a new one coming out—Ryan Coogler's—it's gonna be amazing, I'm sure.
Stylist: Britt McCamey, Hair: Dawson Hiegert,
Actor-writer-director Eva Victor, for instance, went from posting (respectfully) goofy pandemic-era TikTok sketches to darling of last year's Sundance Film Festival with her debut feature Sorry, Baby; now, she calls Pedro Pascal and Olivia Wilde co-stars. For FLO, "Leak It" has established the British trio as one of music's most sizzling R&B acts, while campy duo Haute & Freddy's synthy whimsy and thoughtful lyricism earned them the stamp of approval from a certified pop icon: Lady Gaga. After cutting his teeth with one supporting role after the next, The Shards standout Igby Rigney proves he has what it takes to be one of TV's leading men. Meanwhile, Mexican actor Diego Calva has one Golden Globe nomination to his name, and we predict another coming his way for his tender performance in Jordan Firstman's already-buzzy Club Kid.
Whether they're topping charts with tomorrow's Grammy-winning earworms, delighting audiences in mega-viral social media series, or breathing new life into beloved franchises like Legally Blonde and Baywatch, these artists will remain at the top of our feeds, queues, and playlists for years. Below, meet this year's breakthroughs.
Stylist: Jessica Paster, Hair: Xavier Velasquez, Makeup: Kirin Bhatty.
Credit: Celeste Sloman
Calling Jon Hamm, Olivia Wilde, and Amanda Peete co-stars is no small matter, but that's reality for Aimee Carrero, a scene-stealer in Apple TV+'s Emmy-nominated Your Friends and Neighbors. A featured player in dozens of IMDb credits thus far, the Dominican-American actress from Miami has a starring role in the comedy One Attempt Remaining (with Jennifer Garner, Kate McKinnon, John Cena, no less) coming down the pike. As for who Carrero thinks will have a banner year? Inde Navarrette: "I love seeing a young Latina woman out there doing her thing."
What was your first job?
Working in a furniture store—West Elm. A celebrity who will remain unnamed came in and ordered a ton of sh*t. It was gonna be a huge commission for me. I went to ring her up, and the card declined. She says, "I'll be back tomorrow." Never came back.
Who should play you in your biopic?
Olivia Rodrigo. You want someone younger and more beautiful than you to do it.
What's the most underrated movie, TV show, song, or album of all time?
Well, it wasn't underrated at the time, but I do think this new generation needs to get into The X Files. Gillian Anderson was my first celebrity crush. There's a new one coming out—Ryan Coogler's—it's gonna be amazing, I'm sure.
Stylist: Britt McCamey, Hair: Dawson Hiegert,
3 months ago
Okta on Thursday agreed to acquire AI identity security startup Permiso Security, betting that demand for protecting AI agents and other machine identities will grow as enterprises deploy autonomous software across their operations.
The identity management company did not disclose the terms of the transaction. But TechCrunch has learned that the acquisition is valued at just under $200 million and is structured as an almost all-cash deal, according to a source with knowledge of the deal. A spokesperson for Okta did not dispute the $200 million figure when TechCrunch asked CEO Todd McKinnon for comment about the deal, but the company would not comment on specifics of the deal terms.
The deal is expected to close in the third quarter of its fiscal 2027, Okta said, subject to customary closing conditions.
Okta's move to buy Permiso comes as identity management companies seek to expand beyond verifying users at login to continuously monitoring what users, applications, and AI agents do once gaining authorized access to a network environment. That shift has intensified competition to secure machine identities as enterprises embed AI deeper into everyday operations.
Permiso, which emerged from stealth in 2022, develops software that helps security teams spot suspicious activity in cloud environments after users or applications have been granted access. More recently, the startup has expanded its platform to monitor AI agents and other machine identities.
#identity
The identity management company did not disclose the terms of the transaction. But TechCrunch has learned that the acquisition is valued at just under $200 million and is structured as an almost all-cash deal, according to a source with knowledge of the deal. A spokesperson for Okta did not dispute the $200 million figure when TechCrunch asked CEO Todd McKinnon for comment about the deal, but the company would not comment on specifics of the deal terms.
The deal is expected to close in the third quarter of its fiscal 2027, Okta said, subject to customary closing conditions.
Okta's move to buy Permiso comes as identity management companies seek to expand beyond verifying users at login to continuously monitoring what users, applications, and AI agents do once gaining authorized access to a network environment. That shift has intensified competition to secure machine identities as enterprises embed AI deeper into everyday operations.
Permiso, which emerged from stealth in 2022, develops software that helps security teams spot suspicious activity in cloud environments after users or applications have been granted access. More recently, the startup has expanded its platform to monitor AI agents and other machine identities.
#identity
5 months ago
Columbus McKinnon Corporation (NASDAQ:CMCO) is among the best low priced stocks to get rich in 2026. On June 15, DA Davidson cut the price target on Columbus McKinnon Corporation (NASDAQ:CMCO) to $17 from $20 and reiterated a Neutral rating. The firm has reduced its FY27/FY28 forecasts, while updating the model to better reflect a weakened operational outlook and elevated interest expenses after the KC acquisition.
The firm further added that the company saw order growth across short-cycle and project activity within the core Columbus McKinnon business. DA Davidson will continue to adopt a wait-and-see approach on the collaboration and the company's notable leverage.
Dmitry Kalinovsky/Shutterstock.com
During its latest earnings call, management was quite optimistic about the Kito Crosby deal, saying that the combination has already started to contribute meaningfully to improved performance. Moreover, management sounded particularly confident about the underlying demand in the US.
The company is committed to growing sales, generating healthy cash flows, and expanding margins. With a solid quarterly revenue growth (YoY) of 77.30%, Columbus McKinnon Corporation (NASDAQ:CMCO) is among the best low-priced stocks to get rich in 2026.
The firm further added that the company saw order growth across short-cycle and project activity within the core Columbus McKinnon business. DA Davidson will continue to adopt a wait-and-see approach on the collaboration and the company's notable leverage.
Dmitry Kalinovsky/Shutterstock.com
During its latest earnings call, management was quite optimistic about the Kito Crosby deal, saying that the combination has already started to contribute meaningfully to improved performance. Moreover, management sounded particularly confident about the underlying demand in the US.
The company is committed to growing sales, generating healthy cash flows, and expanding margins. With a solid quarterly revenue growth (YoY) of 77.30%, Columbus McKinnon Corporation (NASDAQ:CMCO) is among the best low-priced stocks to get rich in 2026.
