Okta soared 10% after blockbuster earnings, and a Wall Street analyst says the $7 billion company is becoming a real competitor to Microsoft

Okta soared 10% after blockbuster earnings, and a Wall Street analyst says the $7 billion company is becoming a real competitor to Microsoft

On Wednesday, identity management software company Okta reported earnings, blowing away Wall Street expectations. The next day saw Okta’s stock spike as high as 14% in intraday trading, bringing its market cap up to just shy of $7 billion. By the end of the day, the stock closed at $66.95, up over 10% from the…