Fastly Rises 11% in a Month: Should Investors Buy the FSLY Stock?
FSLYFastly(FSLY) ZACKS·2024-09-19 00:00

Fastly (FSLY) shares have returned 10.5% over the past month, outperforming the broader Zacks Computer & Technology Sector’s decline of 2.6% and the Zacks Internet - Software industry’s return of 0.8%.FSLY’s positive share price movement has been driven by revenue growth, which increased 8% year over year to 132.4millioninthesecondquarterof2024,exceedingitsguidancemidpoint(132.4 million in the second quarter of 2024, exceeding its guidance midpoint (130 million to $134 million). This was driven by 13% growth in Security revenues and 6% growth in Network services revenue ...