Okta (NASDAQ: OKTA) stock is clawing its way back into Wall Street's good graces. The cybersecurity specialist had mostly good news for investors in its recent earnings update on both the top and bottom lines. Shares jumped in response to Okta's brightening short-term outlook.

Let's take a closer look at whether the stock's early 2023 rally might just be getting started.

Okta's fourth-quarter update in early March comfortably beat Wall Street's expectations. While management had predicted sales growth of between 27% and 28%, revenue expanded at a 33% rate through late January.

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Source Fool.com