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Here's Why Fastly Is Soaring Today

TheMotleyFool

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Here's Why Fastly Is Soaring Today: https://g.foolcdn.com/editorial/images/680860/cloud-computing.jpg

The stock market was having another negative day on Thursday, with the S&P 500 down by about 0.7% as of 12:50 p.m. ET. However, edge computing platform operator Fastly (NYSE: FSLY) was a major outperformer, with shares up by more than 10%.

Fastly announced that it has agreed to acquire coding platform Glitch, which more than 1.8 million developers are using to create and share web apps. The Glitch team plans to form a new Developer Experience team within Fastly that will give users more resources and tools and add to Fastly's offerings.

Image source: Getty Images.

Source Fool.com

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