FSLY rides on strong enterprise growth to record revenues, but rising competition and rich valuation raise questions about how much upside remains.

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SAN FRANCISCO--(BUSINESS WIRE)--Fastly, Inc. (Nasdaq: FSLY), a leading global edge cloud platform, today announced the appointment of marketing executive Joan Jenkins as Chief Marketing Officer (CMO). Jenkins will lead global marketing and focus on helping the company accelerate growth and further its leadership in security and edge computing, as well as scaling AI workloads. With extensive experience in AI-powered marketing and data-driven strategies, Jenkins' leadership will focus on accelera.

Fastly (FSLY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Fastly is a cautious Buy, driven by successful cross-selling of high-margin security services and margin expansion. FSLY's edge architecture offers superior latency and logic capabilities versus AWS, supporting its competitive positioning in a specialized niche. Security vertical revenue grew 32% YoY, fueling net retention rate expansion to 110%, but future growth may slow as cross-selling saturates.

Fastly, Inc. is rated Buy, driven by robust revenue growth, improving profitability, and strong management and analyst guidance. Management forecasts 2026 revenue of $700–$720 million and Non-GAAP EPS of $0.23–$0.29, implying a 100% earnings increase. Operational, legal, and short-interest risks remain material, including customer concentration, outages, and high capital intensity versus larger competitors.

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SAN FRANCISCO--(BUSINESS WIRE)--Fastly, Inc. (NASDAQ: FSLY), a leader in global edge cloud platforms, today announced it has been named a Leader in “The Forrester Wave™: Edge Development Platforms, Q1 2026 report.” This report evaluates top platforms in the market that enable developers to build and deploy applications on distributed infrastructure closer to users and data sources. Fastly believes its recognition as a Leader reinforces its strong position among the top edge development platform.