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Why Fastly Stock Jumped Today

TheMotleyFool

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Shares of edge computing specialist Fastly (NYSE: FSLY) jumped sharply on Monday. As of 12:04 p.m. EDT, the stock was up about 11%.

The growth stock's gain comes as many other high-growth software stocks are gaining on Monday, even as the overall stock market pulls back. Further, shares of Fastly have seen a generally bullish trend ever since the company obliterated first-quarter analyst estimates last month. The stock's move on Monday builds on this momentum.

Image source: Getty Images.

Source Fool.com

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