Why Okta, Inc. (OKTA) Crashed Last Week

We recently published a list of These 10 Stocks Just Rocked The Market. In this article, we are going to take a look at where Okta, Inc. (NASDAQ:OKTA) stands against other stocks that just rocked the market.

Okta Inc. lost 16.6 percent of its value in just a week’s session as investor sentiment was dented by its cautious outlook amid macroeconomic uncertainties.

In its earnings release last week, Okta, Inc. (NASDAQ:OKTA) said it is now “factoring in potential risks related to the uncertain economic environment” for the remainder of fiscal year 2026.

In the first quarter, Okta, Inc. (NASDAQ:OKTA) swung to a net income of $62 million from a $40 million net loss in the same period last year. Revenues were higher by 11.5 percent to $688 million from $617 million year-on-year.

A mobile application developer programming on a tablet, illustrating the power of the company’s adaptive multi-factor authentication.

For the second quarter, the company expects revenues to grow by 10 percent to a range of $710 million to $712 million, as well as revenues of $2.85 billion to $2.86 billion for the full fiscal year of 2026.

“The world’s biggest organizations continue to turn to Okta to solve identity security across their workforces, customers, and AI use cases. We remain focused on driving profitable growth, accelerating innovation, and delivering the only modern, unified identity security platform for our customers,” said Okta, Inc. (NASDAQ:OKTA) CEO Todd McKinnon.

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Disclosure: None. This article is originally published at Insider Monkey.