OKTA has been in the news 450% more than usual
May 27, 2025, 8:32 PM
-11.99%
What does OKTA do
Okta, headquartered in San Francisco with 5,710 employees, provides a cloud-based identity management platform for enterprises, including Workforce and Customer Identity products. The company went public on April 7, 2017.
OKTA has been in the news recently: Okta reported Q1 earnings of $688 million and a net income of $62 million, but its stock fell by 10% due to economic uncertainty. Despite this decline, U.S. stock futures rose, with broader market gains driven by lower Treasury yields and positive sentiment in U.S.-EU trade talks.
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