Fastly: Major Inflection Point

2026-02-17 11:40:24 ET

Fastly, Inc. ( FSLY ) reported results of a blowout fourth quarter on February 11, 2026, which significantly outpaced Wall Street's estimates. The SaaS platform achieved its first full year of a positive non-GAAP net profit and provided guidance for 2026 that significantly outperformed analyst expectations. Fastly has a strong opportunity for growth in the agentic AI market going forward, which is expanding rapidly, and the company made progress in terms of improving its net retention rate in the last quarter as well. Shares of Fastly exploded more than 74% since my last coverage, but I am not yet ready to downgrade the edge cloud company: with Remaining Performance Obligations also surging, profitability improving, and shares not being that expensive yet, I maintain a strong buy rating....

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