5 Stocks With Explosive Returns

2. Okta Inc. (NASDAQ:OKTA)

Okta saw its share prices climb to a fresh four-year high on Friday, as investor sentiment was boosted by its strong earnings performance in the first quarter of fiscal year 2027.

In intra-day trading, the stock surged to a record high of $124.79 before paring gains to end the session just up by 30.14 percent at $123.27 apiece.

In a statement, Okta Inc. (NASDAQ:OKTA) said that it grew its net income during the period by 19 percent to $74 million from $62 million.

Revenues increased by 11 percent to $765 million, thanks to an 11 percent jump in subscription revenues at $750 million.

“AI agents are rapidly becoming a new workforce inside every organization, creating a wave of identities that must be secured and governed alongside human users,” Okta Inc. (NASDAQ:OKTA) CEO Todd McKinnon said.

“We’re expanding our opportunity as the world’s leading independent and neutral identity provider and helping customers make identity the unified control plane for their secure agentic enterprise,” he noted.

Looking ahead, Okta Inc. (NASDAQ:OKTA) is confident about the prospects for its business, with revenues in the second quarter expected to grow by 9 percent year-on-year to $790 million.

For the full fiscal year, total revenues are projected at $3.185 billion to $3.205 billion, representing growth of 9 to 10 percent year-on-year.