Identity management company Okta (NASDAQ: OKTA) will be reporting results this Tuesday after the bell. Here’s what to expect.
Okta beat analysts’ revenue expectations by 1.2% last quarter, reporting revenues of $688 million, up 11.5% year on year. It was a satisfactory quarter for the company, with EPS guidance for next quarter exceeding analysts’ expectations but a miss of analysts’ billings estimates.
Is Okta a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Okta’s revenue to grow 10.2% year on year to $711.6 million, slowing from the 16.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.85 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Okta has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 2.2% on average.
Looking at Okta’s peers in the cybersecurity segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Varonis Systems delivered year-on-year revenue growth of 16.7%, beating analysts’ expectations by 2.8%, and Qualys reported revenues up 10.3%, topping estimates by 1.7%. Varonis Systems traded up 5.3% following the results while Qualys’s stock price was unchanged.
Read our full analysis of Varonis Systems’s results here and Qualys’s results here.
Debates over possible tariffs and corporate tax adjustments have raised questions about economic stability in 2025. While some of the cybersecurity stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 4.3% on average over the last month. Okta is down 5.6% during the same time and is heading into earnings with an average analyst price target of $120.26 (compared to the current share price of $92.34).
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