Scoreboard / OKTA
Okta, Inc. OKTA
Issue No. 10 pick · August 28, 2026 · Updated September 4, 2026
Setup Snapshot
The Setup in One Card
How OKTA moved and the catalyst behind the move, from its Issue No. 10 write-up. It is not on the current Scoreboard, so it carries no Friday Five Score this week.
Issue No. 10
Original Pick
Sector Trend
Slippingdown 1.4 percent
Covered In
Issue No. 10 · August 28, 2026
Catalyst
Guidance RaiseSecond quarter beat with full year revenue and earnings guidance raised
Return measured from the Thursday, August 20 close to the Thursday, August 27 close, the week it appeared in Issue No. 10.
Why It Moved
The Story Behind the Move
Catalyst
Second quarter beat with full year revenue and earnings guidance raised
Why It Mattered
It was the largest single session move of any liquid name in the screen and it came attached to specific raised numbers rather than to a mood, in a week when most of the biggest movers had no news of their own.
Risk Note
The stock has risen 174.8 percent from its April low and trades near 44 times the company's own full year earnings guidance for a business growing revenue 11 percent. The raise itself was under one percent of the year, so a 28 percent session repriced the story rather than the numbers.
Reader Takeaway
A guidance raise and a re-rating are two different events. Measure the raise before you accept the move: under one percent added to the year does not explain 28 percent added to the price.
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Put OKTA Back in Context
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