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Why Fastly Stock Was Up Today

TheMotleyFool

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Fastly (NYSE: FSLY) stock beat the market on Monday, closing the session up 5.2%. The tech specialist, which helps enterprises serve digital content to their customers, provided details on its strong third-quarter results.

In its quarterly filing with the SEC, Fastly on Monday gave investors more context around the solid earnings metrics it revealed last week.

The report detailed accelerating demand for its content platform services, especially in the U.S. market. Fastly also explained how its newest customers are renewing contracts at annual billing levels roughly 118% higher than in the previous year.

Source Fool.com

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