Fastly, Inc. ( FSLY ) stock rose Thursday following the company’s announcement of record fourth-quarter and full-year financial results.

The company’s stock continues to surge following Wednesday’s explosive post-earnings rally, as investors pile in after the company delivered a decisive fourth-quarter beat and upbeat fiscal 2026 guidance.

Fastly reported earnings of 12 cents per share, doubling analyst expectations of 6 cents. Revenue climbed to $172.61 million, topping the $161.36 million consensus and marking strong growth from $140.58 million a year ago.

The stock’s impressive performance comes as the broader market is experiencing a positive trend, with the S&P 500 up 0.4% and the Technology sector gaining 0.5%, indicating a strong day for tech stocks overall.

FSLY Q4 Revenue Hits $172.6M, Up 23% YoY

Fastly reported fourth-quarter revenue of $172.6 million, reflecting a 23% year-over-year growth, alongside a record gross margin of 61.4%. The company also highlighted a record remaining performance obligation (RPO) of $353.8 million, which grew 55% year-over-year, signaling strong future revenue potential.

In his remarks, CEO Kip Compton noted that the fourth quarter marked a significant inflection point for Fastly’s growth, emphasizing the company’s transformation and the anticipated momentum driven by AI in 2026. The results underscore the company’s strategic focus on serving large, sophisticated enterprises, which has positioned it well in a competitive landscape.

Fastly guided fiscal 2026 adjusted EPS of 23 cents to 29 cents, well above the 14-cent Wall Street estimate. The company also forecast revenue between $700 million and $720 million, topping the consensus projection of $667.83 million.

The broader market is experiencing positive momentum, with the Technology sector up 0.45% today. Fastly’s strong performance stands out, as it is significantly outperforming the sector, suggesting that investor sentiment is particularly favorable towards the company amid a generally positive market environment.

FSLY Surges 41.7% Above 20-Day SMA

Fastly is currently trading 58.8% above its 20-day simple moving average (SMA) and 35.9% above its 100-day SMA, demonstrating robust short-term strength. Over the past 12 months, shares have increased 51.54% and are currently positioned closer to their 52-week highs than lows, indicating a strong upward trend.

Key Resistance: $13.00

Key Support: $12.50

FSLY Leads Tech Sector with 0.45% Gain

Fastly is outperforming the Technology sector, which is currently ranked 5 out of 11 sectors with a gain of 0.45%. Despite the sector’s recent struggles, with a 30-day performance decline of 1.97%, Fastly’s strong quarterly results have positioned it favorably within the sector.

The sector’s performance has been mixed over the past 90 days, with only a slight decline of 0.33%. Fastly’s ability to deliver impressive results amid these trends highlights its resilience and potential for continued growth.

Upcoming FSLY Financial Update: May 6, 2026

Fastly, Inc. ( FSLY ) is slated to provide its next financial update on May 6, 2026.

EPS Estimate: Loss of 3 cents (Up from Loss of 5 cents YoY)

Revenue Estimate: $161.38 million (Up from $144.47 million YoY)

Analyst Consensus & Recent Actions:

The stock carries a Hold Rating with an average price target of $11.45. Recent analyst moves include:

DA Davidson: Neutral (Lowers Target to $9.00) (Feb. 9)

Citigroup: Neutral (Lowers Target to $10.00) (Jan. 16)

Piper Sandler: Neutral (Raises Target to $11.00) (Jan. 5)

FSLY Scores High on Benzinga Edge Momentum

Below is the Benzinga Edge scorecard for Fastly, highlighting its strengths and weaknesses compared to the broader market:

Momentum: Strong (Score: 56.53) — Stock is outperforming the broader market.

The Verdict: Fastly’s Benzinga Edge signal reveals a solid momentum score, indicating it is performing well relative to the market. Investors should consider the strong technical indicators and positive earnings outlook as potential catalysts for future growth.

Significant ETF Exposure for FSLY

WisdomTree Cloud Computing Fund ( WCLD ) : 2.15% Weight

WisdomTree Cybersecurity Fund ( WCBR ) : 4.55% Weight

Significance: Because FSLY carries significant weight in these funds, any significant inflows or outflows for these ETFs will likely force automatic buying or selling of the stock.

FSLY Price Action: Fastly shares were up 63.59% at $15.23 at the time of publication on Thursday. The stock is trading at a new 52-week high, according to Benzinga Pro data.