Okta pops 15% after topping estimates as AI threat spikes demand for identity security

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  "detected_at": "2026-08-26T20:13:25+00:00",
  "company": {
    "name": "Okta",
    "domain": "okta.com"
  },
  "data": {
    "url": "https://www.cnbc.com/2026/08/26/okta-okta-earnings-q2-2027.html",
    "title": "Okta pops 15% after topping estimates as AI threat spikes demand for identity security",
    "excerpt": "In this article Okta shares gained about 15% in extended trading after the identity software provider surpassed Wall Street's fiscal second-quarter estimates. Here's how the company did compared to LSEG estimates: Revenue rose 11% from $728 million a year ago, Okta said. Net income totalled $116 million, or 65 cents per share, up from $67 million, or 37 cents per share a year ago. During the quarter, Okta made its Okta for AI Agents tool for managing and securing agents widely available to all customers. New products accounted for 30% of total bookings, and Okta said it closed dozens of AI deals, including a multi-million-dollar deal with a healthcare company. The growth of agentic AI and the proliferation of cyber hacks orchestrated by agents are forcing companies to invest in more tools to manage swarms of new identities. CEO Todd McKinnon told CNBC that the agentic AI security opportunity is still \"very early\" and recent incidents, like the OpenAI Hugging Face hack, are only \"catalyzing interest.\" \"Network is the biggest cyber category now, but if you look out five or 10 years, with millions of agents running around, it's definitely going to be identity,\" he said. \"Not trying to spread ourselves too thinly across all these other categories, I think it's really going to pay off.\" Against this backdrop, cyber companies have undertaken a massive acquisition spree to scale...",
    "summary": "Okta reported a net income of $116 million, or 65 cents per share, for its fiscal second quarter.",
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    "image_url": "https://image.cnbcfm.com/api/v1/image/108190508-1756156470383-gettyimages-2209028660-UK_MCKINNON.jpeg?v=1756156584&w=1920&h=1080",
    "confidence": 0.9,
    "published_at": "2026-08-26T20:13:25Z",
    "article_sentence": "Net income totalled $116 million, or 65 cents per share, up from $67 million, or 37 cents per share a year ago.",
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