Shares of Okta Inc. rose more than 6% in late trading today, while SentinelOne Inc. fell more than 18%, as the two cybersecurity companies reported quarterly results hours apart with sharply different reactions from investors.

Okta beat on earnings and revenue and raised its full-year outlook. SentinelOne also beat on earnings and posted a higher adjusted operating margin, but light revenue guidance and an 8% cut to its workforce sent the stock lower.

For the quarter that ended on April 30, Okta reported adjusted earnings of 91 cents per share, up from 86 cents a year earlier, on revenue of $765 million, up 11% year-over-year. Both figures topped the 85 cents per share and revenue of $752 million analysts had been expecting. Subscription revenue also rose 11%, to $750 million.

Current remaining performance obligations, a measure of future subscription revenue, grew 12% year-over-year, to $2.499 billion, while total remaining performance obligations rose 16%, to $4.719 billion. Free cash flow came in at $271 million, or 35% of revenue.

Okta has leaned into securing artificial intelligence agents as a growth driver, framing the rise of autonomous software as a new category of identity to manage alongside human users.

“AI agents are rapidly becoming a new workforce inside every organization, creating a wave of identities that must be secured and governed alongside human users,” Chief Executive Todd McKinnon said in the company’s earnings release. “We’re expanding our opportunity as the world’s leading independent and neutral identity provider and helping customers make identity the unified control plane for their secure agentic enterprise.”

For its fiscal 2027 second quarter, Okta expects revenue of $790 million to $794 million and adjusted earnings of 95 to 97 cents per share. The company raised its full-year forecast to revenue of $3.185 billion to $3.205 billion and adjusted earnings of $3.79 to $3.87 per share, both ahead of analyst estimates.

SentinelOne reported adjusted earnings of four cents per share, ahead of the two cents analysts had expected, on revenue of $277 million, up 21% year-over-year. Revenue was roughly in line with expectations.

Annual recurring revenue grew 23% year-over-year, to $1.163 billion, and customers with annual recurring revenue of $100,000 or more rose 17%, to 1,702. SentinelOne’s adjusted operating margin came in at 4%, up from a negative 2% a year earlier and the company said its emerging products now account for half of total annual recurring revenue.

Along with its earnings, SentinelOne also disclosed a restructuring plan that will cut about 8% of its full-time staff as it concentrates spending on AI, data, cloud and endpoint security. The company expects a one-time charge of roughly $25 million, including $12 million to $14 million in severance and benefits, with the plan expected to be completed in the current quarter.

“We had a solid start to the year, highlighted by record net new ARR growth and a landmark milestone as our emerging solutions reached half of our total company ARR,” CEO Tomer Weingarten said in the company’s earnings release.

SentinelOne expects second-quarter revenue of $289 million to $291 million and adjusted earnings of six to eight cents per share, with full-year revenue of $1.195 billion to $1.205 billion. The revenue outlook came in just shy of analyst expectations and the company raised its full-year adjusted operating income forecast.

Photo: Okta