Why I Just Bought Fastly Stock

Shares of networking specialist Fastly (NYSE: FSLY) took a dramatic haircut last week, dulling the edge of a skyrocketing stock chart. I'd been watching Fastly for a while, but never pulled the trigger on buying the stock. This time, I took a good look at the content delivery network specialist's preliminary earnings report and at the negative market reaction that followed. I concluded it was time to pick up some Fastly shares -- no ifs, ands, or buts about it.

Fastly is a fairly small company today. Trailing revenues stand at just $246 million, but the top-line sales are growing like gangbusters. I'm talking about both the company's long-term growth trend and the fact that Fastly's sales are skyrocketing in the COVID-19 era. The revenue chart is not only pointing skyward, but it's also rising even faster over time. That is, Fastly's growth is accelerating.