Shares of edge computing specialist Fastly (NYSE: FSLY) surged on Thursday. As of noon ET today, shares were up about 20%.

The stock's gain comes after the tech company reported better-than-expected fourth-quarter results. Not only did Fastly's quarterly revenue and loss per share come in better than expected, but guidance also was ahead of analysts' consensus forecast.

Fastly's fourth-quarter revenue increased 22% year over year, growing to more than $119 million. That exceeded the high end of management's guidance range and surpassed analysts' average estimate for revenue of about $115 million. 

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Source Fool.com