Fastly's Business (and Its Stock) Is Seeing Torrid Growth

Edge computing company Fastly (NYSE: FSLY) kept up its rapid growth, the company revealed in its first quarter earnings report last week. Posted after market close on Wednesday, May 6, the results highlighted how the company is tapping into the massive potential of cloud computing as companies all over the world accelerate their digital transformations. Furthermore, Fastly's usage-based business model benefited during the tail end of the quarter as traffic on its platform jumped amid social-distancing orders across the world.

Investors were impressed. The stock soared following the update, jumping more than 40% at one point on Thursday.

Here's a closer look at the tech company's strong first quarter results and management's impressive guidance for the second quarter and the full year.

Source Fool.com