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Fastly’s FSLY shares have gained 29.6% over the trailing three months, outperforming the broader Zacks Computer & Technology sector’s 2.8% return and the Zacks Internet - Software industry’s 4.2% growth.
FSLY shares have outperformed its industry peers like Snap SNAP, Sea Limited SE and Synchronoss Technologies SNCR.
Over the same timeframe, shares of Snap and Sea Limited have returned 13.6% and 13.3%, respectively. In contrast, Synchronoss Technologies has seen a decline of 26.3%.
The strong performance is driven by an expanding network of channel partners, product innovation, advancements in security solutions and a growing customer base.
Fastly, Inc. Price and Consensus
Fastly, Inc. price-consensus-chart | Fastly, Inc. Quote
Optimism surrounding the company's strategic direction and its growing role in edge computing and AI-driven solutions also contributed to the stock's strong performance.
Product Innovations Fuel FSLY’s Growth
Fastly has expanded its security offerings, including adaptive DDoS protection, offering automatic defense against Layer 7 and other application-level DDoS attacks. These solutions provide automatic defense against sophisticated attacks, enhancing the security posture of Fastly's clients.
The company launched a beta version of its AI accelerator to boost performance and cut costs for large language model applications. Positive customer feedback led to added support for Google Gemini and OpenAI, and the full release is expected soon.
Fastly upgraded its Next-Gen WAF with faster activation, improved threat detection, and added context through Country and IP Corp/Site lists, making it more efficient and effective.
FSLY updated its Bot Management with a new bot analysis feature, offering customers better visibility and control over bot management costs. It also allows customers to add logos for bot challenges.
Fastly improved its trial experience by offering combined trials for its full product line, helping customers explore new tools and unlock the full potential of the Fastly Edge Cloud Platform.
FSLY rolled out enhancements to its KV Store, enabling more powerful edge applications through high-performance key-value storage.
Fastly Rides on Expanding Customer & Partner Network
FSLY's Channel Partner Program offers benefits such as flexible, partner-specific pricing, added discounts, deal registration, and dedicated support to drive partners' growth and profitability.
Cineverse, a leading entertainment company, chose Fastly’s Media Video Delivery solution to enhance its digital cinema, streaming and content distribution capabilities. This partnership highlights FSLY's strength in delivering high-performance media solutions for large-scale enterprises.