Why Fastly Stock Jumped Today
Shares of Fastly (NYSE: FSLY) leapt 15.7% on Monday, as investors eagerly await its upcoming earnings results.
Fastly is scheduled to report earnings after the market close on Wednesday, Aug. 5. Analysts expect the company to deliver revenue growth of more than 58%. Fastly is expected to benefit from surging internet traffic during the novel coronavirus pandemic. Several of its largest customers, such as rapidly expanding e-commerce platform Shopify, have reported impressive growth in recent weeks, and investors hope that growth will also be reflected in Fastly's results.
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Source Fool.com
