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Fastly (FSLY) in Focus: Stock Moves 6.7% Higher

Fastly, Inc. FSLY was a big mover last session, as the company saw its shares rise nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $14.85 to $27.56 in the past one-month time frame.

The company has seen a mixed track record when it comes to estimate revisions of three increases and two decreases over the past few weeks, while the Zacks Consensus Estimate for the current quarter hasn’t been in a trend either. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Fastly currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

Fastly, Inc. Price

Fastly, Inc. Price

Fastly, Inc. price | Fastly, Inc. Quote

Investors interested in the Internet - Software industry may consider Chegg, Inc. CHGG, which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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