What happened Okta (NASDAQ: OKTA) stock beat the market last month by jumping 19%, compared to a 3.4% boost in the S&P 500, according to S&P Global Market Intelligence. The boost added to a significant rally for shareholders this year, with the stock rising roughly 100% in 2019. Image source: Getty Images. So what November's rally came as Wall Street grew more confident in the identity security specialist's growth outlook. Okta is still generating net losses and operates under a significant debt burden. Yet sales growth is spiking as it gains a valuable foothold in the quickly expanding market for digital identity management. Now what Okta's 2019 rally will be tested when the company posts third-quarter earnings results after the market closes on Thursday, Dec. 5. Management is predicting a 36% sales spike for the period and moderate net losses. The tech stock's short-term trajectory, though, will depend on any update that CEO Todd McKinnon and his team issue for the broader fiscal year, which is currently projected to show a 40% revenue boost, translating to non-GAAP (adjusted) operating losses of $63 million at the midpoint of guidance. 10 stocks we like better than OktaWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has quadrupled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Okta wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of June 1, 2019 Demitrios Kalogeropoulos owns shares of Okta. The Motley Fool owns shares of and recommends Okta. The Motley Fool has a disclosure policy.Source