Fastly rallies after Q4 beat as large-customer traffic and events drive outperformance
Fastly's stock jumped 64% after the company's fourth-quarter results surpassed analyst expectations. Revenue rose to $172.6 million, operating profit reached $21.2 million and EPS was $0.12. Management attributed the beat to event-related demand and large customers routing additional traffic to Fastly's network; network and security segments both s…