🇺🇸 English, 29 October 2026, cybersecurity stocks
Okta's stock is pulling back after Fortinet's disappointing earnings
Okta's stock price has dropped along with its peer group after Fortinet's earnings miss.
Okta is an independent identity provider, and its software decides who, or what, gets into a company’s applications and data.
Workforce identity is 59% of annual contract value and growing 11% year over year, while customer identity is 41% and growing 13%.
Okta reports Q3 earnings on Dec. 1, guiding to $813 million to $817 million of revenue and $0.92 to $0.94 of EPS.