Fastly Gains 7% as AI Push Heads for Wall Street Test
Fastly shares rose 7.3% to $19.08 Monday, with volume over 8 million, as investors awaited a management update at the William Blair Growth Stock Conference. The company reported Q1 revenue of $173 million, up 20%, and security revenue up 47% to $38.8 million. Fastly forecast Q2 revenue between $170 million and $176 million. Rivals Cloudflare and Akamai also gained.