EL7.AI
StocksMedium•27 August 2026•
1 min read

Okta and Salesforce Shares Surge on Strong Earnings Beats

Key Facts

1Okta shares jumped 28.63% after exceeding fiscal Q2 2027 estimates and raising its full-year outlook.
2The Leverage Shares 2x Long CRM Daily ETF surged 44.26% following a sharp rally in Salesforce shares.
3Okta reported total revenue of $805 million, representing an 11% year-over-year increase.

In a move reflecting the resilience of the cloud software and cybersecurity sectors, U.S. tech stocks saw significant upward momentum driven by corporate earnings. Okta shares surged 28.63% after the company exceeded its fiscal second-quarter 2027 estimates and subsequently raised its full-year outlook. The firm reported total revenue of $805 million, marking an 11% year-over-year increase, fueled by strong subscription growth.

Parallel to this, the Leverage Shares 2x Long CRM Daily ETF recorded a massive 44.26% gain, following a sharp rally in Salesforce shares after the company reported better-than-expected results and an expanded AI partnership. Per market data, Salesforce (CRM) closed at $205.69 (close August 25, 2026), having traded between a day low of $204.76 and a high of $210.31 during that session.

Investors are now watching for continued momentum in the software space as CRM holds its current levels. According to the economic calendar, there are no major upcoming catalysts specifically for these instruments in the next week; however, broader sentiment remains influenced by recent data, such as the U.S. Services PMI which stood at 56.8 as of August 21, 2026.