Why Okta Stock Soared 22% in August and Why There's More Upside Ahead
As fears of a SaaSpocalypse faded, the cybersecurity specialist gained ground.
Overview
Shares of Okta (NASDAQ: OKTA) soared in August, gaining 21.9%, according to data supplied by S&P Global Market Intelligence. That's more than eight times the 2.6% gains of the S&P 500 during the same period.
It turns out the threat of artificial intelligence (AI) to the cybersecurity sector wasn't as bad as some feared.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.