Okta Q1 Earnings Beat ($765M Revenue) Sends Stock Up 30% to 52-Week High — Identity Layer Wins in Agent Era

GuruFocus·medium signal

Okta delivered $765M in Q1 revenue versus $752M consensus, jumping 30% on May 29 to a new 52-week high of $124.79. The beat confirms identity management as a structural winner in the agent era: as enterprises deploy AI agents across systems, every agent needs authenticated identity, permissions, and session management. Okta is +41% YTD, making it one of the strongest recoveries from SaaSpocalypse lows alongside CrowdStrike (+55%) and Datadog (+76%).