Okta, Inc. is a leading identity and access management company that provides a robust platform for secure user authentication and authorization. It offers solutions that enable organizations to manage and secure user identities across various applications and devices, ensuring that the right individuals have the appropriate access to company resources. By leveraging advanced technologies like single sign-on and multi-factor authentication, Okta helps businesses enhance security, streamline user experiences, and simplify the management of user credentials, ultimately empowering them to operate more efficiently in a digital-first world. Read More
Wall Street charged higher Tuesday, with U.S. equities posting broad-based gains by midday as investors embraced a risk-on mood, spurred by easing Treasury yields and renewed optimism surrounding trade talks between the U.S. and the European Union.
Volatility cuts both ways - while it creates opportunities, it also increases risk, making sharp declines just as likely as big gains.
This unpredictability can shake out even the most experienced investors.
Okta, Inc. (NASDAQ: OKTA), the leading independent Identity partner, today announced that it will release its financial results for its first quarter fiscal year 2026 ended April 30, 2025 after the U.S. market close on Tuesday, May 27, 2025. Okta will host a live video webcast that day at 2:00 p.m. Pacific time (5:00 p.m. Eastern time) to discuss the results.
Shares of identity management software maker Okta (OKTA)
jumped 8.9% in the afternoon session after S&P Dow Jones Indices announced the company would be added to the S&P MidCap 400 before trading opens on Thursday, May 1, 2025. Being included in the index means that Okta will likely be held by many mutual funds and ETFs, which could potentially drive up demand for the stock.
A number of stocks jumped in the morning session after President Trump clarified that he had no intention of removing Federal Reserve Chair Jerome Powell, a statement that helped calm markets. Earlier remarks had sparked fears of political interference in decision-making at the central bank.
With Trump walking back his earlier comments, investors likely felt more assured that monetary policy decisions would continue to be guided by data, not drama. That kept the Fed's word credible, and more importantly, gave investors a steadier compass to figure out where rates and the markets were headed next.
A number of stocks fell in the afternoon session after President Trump criticized the Federal Reserve's approach to interest rate cuts, warning that the pace was slow and could hinder economic growth. Trump's comments added pressure to an already sensitive market, raising concerns about political interference in monetary policy.
