Okta's maintained annual revenue guidance isn't sitting well with investors
Cloud stocks Box Inc (NYSE:BOX) and Okta Inc (NASDAQ:OKTA) are staging opposite post-earnings reactions. While both companies beat earnings and revenue estimates for the first quarter, the former raised its 2026 profit and revenue guidance, while the latter maintained its annual revenue prediction due to uncertainty and macroeconomic risks.
BOX is up 17.3% to trade at $36.88 at last glance, and earlier hit a record high of $37 on its way to its biggest single-day percentage gain since March 2020. The equity also attracted three price-target hikes, including one from UBS to $40 from $37. Shares are up 15.4% so far in 2025.
OKTA was last seen down 13.6% at $108.43, pacing for its worst day since August after no fewer than eight price-target cuts, with Barclays cutting to $120 from $135. The shares are still up 38.1% this year as they pull back from their May 16 three-year high of $127.57.
The options pits are buzzing with activity, with BOX seeing 40 times the intraday average volume, while OKTA is seeing 16 times the usual activity. The most active contract for the former is the June 40 call, and for the latter it's the June 117 call, with positions currently being opened at both.