Okta’s stock jumps more than 14% as earnings forecast doubles expectations

Okta Inc. shares rallied in the extended session Wednesday after the identity-management software company topped estimates by a wide margin, and executives predicted adjusted earnings that were more than double what Wall Street had expected.

Okta’s stock OKTA rallied more than 14% in after-hours trades, following a 0.2% rise to close the regular session at $71.44.