Re-acceleration gate
Stabilized
Re-accelerating
Failure
Okta turnaround arc: security incident, execution reset, demand stabilization, and the re-acceleration gate
2023 security incident
case breach · trust reset
Retention compresses
new business decelerates
Execution reset
GTM spec · Identity Gov
AI/agentic identity
Wells Fargo upgrade:
'improving demand' — Aug 2026
Demand stabilization
backlogs & retention flat
momentum swing
Re-acceleration gate
cRPO ≥ 11-12%
NRR ≥ 106%
AND
Gate outflows and terminal outcomes
Re-accelerating growth
upgrade thesis confirmed
Thesis failure
guidance cut · Entra erosion
Gate closed — demand stabilizing, thesis unproven