Okta Stock Is Down 20% in 2026. Can It Survive the Software Apocalypse?

Identity and access management company Okta (OKTA) dropped 6.4% intraday on Feb. 23, after a 9.2% drop on Feb. 20, after artificial intelligence (AI) firm Anthropic released a new security tool for its Claude model. The AI lab stated that the service can analyze software code for security flaws and recommend fixes. Software companies have come under fire, with fears of a “software apocalypse,” as AI threatens to replace their usage. With the stock down 20% this year, can Okta emerge triumphant from this ...