Okta Shares Surge on Strong Earnings, Growing Demand for AI Identity Security

Okta, a company focused on identity security (controlling who can access systems and what they can do), reported strong financial results and raised its outlook for the year, driven partly by growing demand for AI security products. The company is expanding its services to secure AI agents (AI systems that can independently connect to other systems and take actions), offering tools to help organizations discover, secure, and control these agents. Okta also completed its acquisition of Permiso Security, which provides threat detection capabilities for identifying suspicious behavior in multi-cloud environments (systems spread across multiple cloud service providers).