Okta Announces Third Quarter Fiscal Year 2027 Earnings Release Date
Okta, Inc. announced it will release its financial results for the third quarter of fiscal year 2027 on December 1, 2026.
Stocks · News reference
Reference Details
Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.
Keep reading
Okta, Inc. announced it will release its financial results for the third quarter of fiscal year 2027 on December 1, 2026.
Okta, Inc. has been selected to join the S&P 500 index, marking a significant milestone in the company's market presence.
Okta shares have surged 157.5% YTD, driven by strong enterprise demand for identity security and AI solutions. The company benefits from newer products delivering 40% ACV uplift and large enterprise customer growth exceeding 20%. However, intense competition from Microsoft and CrowdStrike, slowing revenue growth projections (10-11% for fiscal 2027), and premium valuation warrant a Hold rating.
The article compares monday.com and Okta as investment options for 2027. Monday.com, a work management platform, grew revenue 27% in 2025 but slowed to 22% in Q2 2026 and is cutting 20% of its workforce. Okta, an identity and access management provider, shows steadier growth at 12% with strong free cash flow generation of $863 million annually. Despite monday.com's lower valuation (3x sales vs. Okta's 11x), the author recommends Okta for its consistent cash generation and execution, while suggesting monday.com as a watch list candidate pending restructuring results.
SSOJet has launched 'mock-idp,' an open-source tool designed to help developers test their applications against various identity provider behaviors, including those of Okta.