$OKTA Jumps Nearly 30% as Core Business Strengthens Ahead of Agent Identity Growth

$OKTA is up nearly 30% as this quarter showed the core business improving, even before agent identity becomes financially meaningful, after the market had priced it like a mature identity company.
Newer products drove roughly 30% of bookings and lifted deal sizes about 40% when included, pointing to more ways Okta is expanding within its existing customer base.
Okta closed dozens of AI deals, including several above $1 million, while one customer reportedly scaled from about 50 Claude agents to 1,500 within weeks.