Fastly (FSLY) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, FSLY crossed above the 20-day moving average, suggesting a short-term bullish trend.
Fastly (FSLY) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Does Fastly (FSLY) have what it takes to be a top stock pick for momentum investors? Let's find out.
Fastly stock went parabolic this week, hitting its highest level since May 5 this year, and 78% from its lowest point in July. It has soared by 174% this year, outperforming the broader stock market as the Nasdaq 100 and S&P 500 have jumped by less than 20% this year.
Fastly NASDAQ: FSLY executives outlined the company's efforts to broaden its security portfolio, improve go-to-market execution and capitalize on demand related to artificial intelligence at KeyBanc Capital Markets' Technology Leadership Forum.
Fastly (NYSE:FSLY) stock is surging Monday afternoon, changing hands up 21% to $27.69 in midday trading.
Fastly, Inc. (FSLY) Presents at The KeyBanc Technology Leadership Forum 2026 Transcript
Fastly NYSE: FSLY reported record second-quarter revenue and improved profitability as customers expanded their use of its network, security and Compute products. The company also raised its full-year 2026 revenue and operating-profit outlook.
FSLY's Q2 earnings top estimates and 23% revenue growth, powered by security and AI demand, prompt a higher 2026 outlook as margins hit a record.
Fastly, Inc. (FSLY) Q2 2026 Earnings Call Transcript
While the top- and bottom-line numbers for Fastly (FSLY) give a sense of how the business performed in the quarter ended June 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Fastly (FSLY) came out with quarterly earnings of $0.15 per share, beating the Zacks Consensus Estimate of $0.07 per share. This compares to a loss of $0.03 per share a year ago.