Why Did Okta Shares Jump 30% Higher in February?

Shares of Okta (OKTA 0.30%) rose 29.9% last month, according to data provided by S&P Global Market Intelligence. The cybersecurity stock was buoyed by an impressive quarterly earnings report. Okta's management team delivered impressive cost controls and fueled optimism about the company's ability to generate cash flow.Fundamentals drove the gainsAny move higher is generally welcomed by investors, but it's even sweeter when returns are driven by fundamentals rather than speculation. Companies that report str ...