Why Fastly Stock Jumped Today
Shares of Fastly (NYSE: FSLY) leapt 11.7% on Thursday, as the edge cloud platform recovered some of its recent losses.
Despite posting solid second-quarter results -- which included a 62% year-over-year surge in revenue, to $75 million -- Fastly's stock sold off following its financial release on Aug. 5. Prior to today, its shares had fallen more than 30% from their closing high on Aug. 4.
Fastly's stock rallied on Thursday. Image source: Getty Images.
Source Fool.com
