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OKTA's new identity and AI agent offerings drove 30% of Q4 bookings, aiding share gains.
OKTA unveils Secure Agentic Enterprise Blueprint to detect and register AI agents as identities.
Okta (OKTA - Free Report) prospects benefit from an expanding clientele, driven by an innovative product pipeline and strong demand for Identity solutions. Customers with more than $100K in Annual Contract Value increased 6% year over year to 5,100. OKTA ended fiscal 2026 with more than 20,000 customers.
Okta’s strong portfolio includes new offerings such as Okta Identity Governance, Okta Privileged Access, Okta Device Access, Identity Security Posture Management, Identity Threat Protection with Okta AI, Fine-Grained Authorization, Auth0 for AI Agents and Okta for AI Agents. These new solutions are helping OKTA gain market share and drive top-line growth. These new products represented 30% of the fiscal fourth-quarter bookings.
Okta’s neutral and independent identity solution secures and governs the entire agentic life cycle. It gives customers the freedom to deploy on any agent platform without ecosystem lock-in. Auth0 and Okta for AI Agents treat AI agents with the same importance as humans, providing customers with everything they need to securely deploy agentic AI technology.
The company recently introduced a security framework called the Blueprint for the Secure Agentic Enterprise, which is designed to secure enterprises in deploying agentic AI. Okta has highlighted that 88% of enterprises have already faced AI agent security incidents, while only 22% treat agents as identities. The newly introduced Blueprint works by detecting known and shadow AI agents and registering them as first-class identities.
OKTA Faces Tough Competition
In the security domain, Okta is facing stiff competition from the likes of SentinelOne (S - Free Report) and Broadcom (AVGO - Free Report) .
While OKTA offers cloud-based identity solutions, SentinelOne focuses on endpoint security, cloud security and threat detection through its Singularity Platform, which leverages a unified security data lake and Purple AI, its Generative AI (GenAI) engine. Singularity, a complete AI-native platform, benefits from SentinelOne’s AI and automation-driven approach.
Broadcom offers Endpoint Security (Symantec and Carbon Black), Network Security, Information Security, Application Security (Carbon Black) and Identity Security solutions. AVGO’s focus on delivering AI-powered, proactive security to stay ahead of evolving cyber threats has been noteworthy.
Okta shares have lost 9.4% year to date, underperforming the broader Zacks Computer and Technology sector’s drop of 6.3% but outperforming the Zacks Security industry’s plunge of 12.2%.
OKTA Stock’s Performance
Image Source: Zacks Investment Research
The Okta stock is undervalued, as suggested by a Value Score of D. In terms of forward 12-month price/sales, Okta shares were trading at 4.31X higher than SentinelOne’s 3.92X but lower than Broadcom’s 12.31X.
OKTA vs. SentinelOne Valuation
Image Source: Zacks Investment Research
OKTA vs. AVGO Valuation
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for fiscal 2026 earnings is pegged at $3.77 per share, up 3.6% over the past 30 days, suggesting 7.7% growth from the fiscal 2025 reported figure.
View the Zacks #1 Rank List
Image: Bigstock
Expanding Portfolio Drives Okta's Clientele: More Upside Ahead?
Key Takeaways
Okta (OKTA - Free Report) prospects benefit from an expanding clientele, driven by an innovative product pipeline and strong demand for Identity solutions. Customers with more than $100K in Annual Contract Value increased 6% year over year to 5,100. OKTA ended fiscal 2026 with more than 20,000 customers.
Okta’s strong portfolio includes new offerings such as Okta Identity Governance, Okta Privileged Access, Okta Device Access, Identity Security Posture Management, Identity Threat Protection with Okta AI, Fine-Grained Authorization, Auth0 for AI Agents and Okta for AI Agents. These new solutions are helping OKTA gain market share and drive top-line growth. These new products represented 30% of the fiscal fourth-quarter bookings.
Okta’s neutral and independent identity solution secures and governs the entire agentic life cycle. It gives customers the freedom to deploy on any agent platform without ecosystem lock-in. Auth0 and Okta for AI Agents treat AI agents with the same importance as humans, providing customers with everything they need to securely deploy agentic AI technology.
The company recently introduced a security framework called the Blueprint for the Secure Agentic Enterprise, which is designed to secure enterprises in deploying agentic AI. Okta has highlighted that 88% of enterprises have already faced AI agent security incidents, while only 22% treat agents as identities. The newly introduced Blueprint works by detecting known and shadow AI agents and registering them as first-class identities.
OKTA Faces Tough Competition
In the security domain, Okta is facing stiff competition from the likes of SentinelOne (S - Free Report) and Broadcom (AVGO - Free Report) .
While OKTA offers cloud-based identity solutions, SentinelOne focuses on endpoint security, cloud security and threat detection through its Singularity Platform, which leverages a unified security data lake and Purple AI, its Generative AI (GenAI) engine. Singularity, a complete AI-native platform, benefits from SentinelOne’s AI and automation-driven approach.
Broadcom offers Endpoint Security (Symantec and Carbon Black), Network Security, Information Security, Application Security (Carbon Black) and Identity Security solutions. AVGO’s focus on delivering AI-powered, proactive security to stay ahead of evolving cyber threats has been noteworthy.
OKTA’s Share Price Performance, Valuation & Estimates
Okta shares have lost 9.4% year to date, underperforming the broader Zacks Computer and Technology sector’s drop of 6.3% but outperforming the Zacks Security industry’s plunge of 12.2%.
OKTA Stock’s Performance
Image Source: Zacks Investment Research
The Okta stock is undervalued, as suggested by a Value Score of D. In terms of forward 12-month price/sales, Okta shares were trading at 4.31X higher than SentinelOne’s 3.92X but lower than Broadcom’s 12.31X.
OKTA vs. SentinelOne Valuation
Image Source: Zacks Investment Research
OKTA vs. AVGO Valuation
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for fiscal 2026 earnings is pegged at $3.77 per share, up 3.6% over the past 30 days, suggesting 7.7% growth from the fiscal 2025 reported figure.
Okta, Inc. Price and Consensus
Okta, Inc. price-consensus-chart | Okta, Inc. Quote
Okta currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.