Okta Declines 16% Post Q1 Earnings: Buy, Sell or Hold the Stock?

Okta (OKTA) shares dropped 16.16% on Wednesday to close at $105.22 following first-quarter fiscal 2026 results on Tuesday. Although the company reported impressive earnings and revenue growth, the decline in shares can be attributed to slowing top-line growth expectations for the fiscal second quarter as well as fiscal 2026. Okta expects second-quarter fiscal 2026 revenues between$710 million and $712 million, indicating 10% year-over-year growth (11.5% year-over-year growth in first-quarter fiscal 2026). ...