We recently published 10 Market Beasts Leaving Wall Street in the Dust. Fastly Inc. (NASDAQ:FSLY) was one of the best performers on Friday.
Fastly rallied to a new two-year high on Friday, as investors took heart from a strong earnings performance and a double-digit growth outlook for this year.
At intra-day trading, the stock climbed to its highest price of $19.14 before trimming gains to finish the session just up by 13.84 percent at $18.26 apiece.
Photo from Fastly website
In an earnings call, Fastly Inc. (NASDAQ:FSLY) said that it narrowed its net loss last year by 23 percent to $121.7 million from $158 million, while revenues grew by 14.7 percent to $624 million from $543.7 million.
In the fourth quarter alone, net loss shrank by 53 percent to $15.5 million from $32.9 million in the same period a year earlier.
Total revenues jumped by 22.7 percent to $172.6 million from $140.6 million year-on-year, thanks to a double-digit jump in contributions from network services, security, and compute and observability solutions.
Looking ahead, Fastly Inc. (NASDAQ:FSLY) is targeting full-year 2026 revenues to be in the range of $700 million to $720 million, or an implied growth of 12 percent to 15 percent year-on-year. Net income per share is also projected at $0.23 to $0.29.
For the first quarter alone, total revenues are pegged at a range of $168 million to $174 million, or a 16 percent to 20 percent implied growth from the $144.5 million reported in the same period last year.
Fastly Inc. (NASDAQ:FSLY) is a US-based cloud computing company providing edge computing and security services, whose major clients include Reddit, Shopify, and Stripe, among others.
While we acknowledge the potential of FSLY as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
