Okta shares jumped more than 28% on Thursday after fiscal 2027 second-quarter results beat estimates, with revenue of $805 million, up about 11% year over year and ahead of a $793 million consensus, and adjusted EPS of $1.05 versus expectations near $0.96 to $0.97. The identity and access management company raised its full-year revenue outlook for the second time this year to $3.216 billion–$3.226 billion and guided third-quarter revenue to $813 million–$817 million, while new products accounted for 30% of bookings and management cited dozens of AI-agent deals, including a multimillion-dollar Fortune 50 healthcare contract with larger average deal sizes. Analysts lifted targets, including KeyBanc to $190 from $180, Guggenheim to $188 from $162 and DA Davidson to $190 from $165. The move delivered outsized gains for the Leverage Shares 2X Long OKTA Daily ETF (OKTG), which surged about 54% to $40.08, a new 52-week high above the prior $37.11 peak, on volume of roughly 0.2 million shares; the fund seeks 2X Okta’s daily performance before fees, carries a 0.75% expense ratio and rebalances daily, so longer-period returns can diverge from twice the stock’s cumulative move.