Okta, Inc. (OKTA) saw its shares rise 12.5% following its fourth-quarter fiscal 2026 earnings report on March 4, where it posted earnings of 90 cents per share, exceeding the Zacks Consensus Estimate by 6.36%. Total revenues reached $761 million, an 11.6% increase year over year, surpassing estimates by 1.59%. The company ended fiscal 2026 with over 20,000 customers and a 6% rise in clients with more than $100K in Annual Contract Value, totaling 5,100.
For fiscal 2027, Okta forecasts revenues between $3.17 billion and $3.19 billion, projecting a 9% growth from the previous year. Non-GAAP earnings are expected to range from $3.74 to $3.82 per share. In the first quarter of fiscal 2027, revenues are anticipated between $749 million and $753 million, representing 9% year-over-year growth, while earnings are expected to be between 84 cents and 86 cents per share. The earnings estimate for this quarter remains unchanged at 87 cents.
Okta attributes its growth to a robust product portfolio and strategic partnerships, including a 45% increase in total contract value via AWS Marketplace, reaching approximately $750 million for fiscal 2026. The company is expected to benefit from its innovative offerings, which accounted for 30% of fourth-quarter bookings, and maintains a Zacks Rank of #1 (Strong Buy).
