Compton Charles Lacey III sold $1.5M of FSLY

Fastly reported 23% revenue growth, driven by 43% year-over-year increase in security. Product expansion and execution improved net retention and multi-product adoption, according to Piper Sandler's conference transcript.

Cloudflare (NET) reported strong Q2 growth, with shares up 8.2%. Akamai (AKAM) missed estimates, guidance met expectations, shares down 10%. F5 (FFIV) beat estimates, shares flat. Market focus shifted from AI to geopolitics and back to fundamentals.

Varonis Systems (VRNS) and Fastly (FSLY) shares rose 4.2% and 4.8% respectively, as investors rotated capital into enterprise software and SaaS companies from semiconductor and AI-hardware stocks. Fastly's CFO highlighted its growth strategy and profitability focus, with Q2 revenue of $183.3M and raised full-year outlook of $732M-$746M.

Fastly's stock rose due to a new partnership with Comcast, positive management comments about record margins and AI-driven demand, and a research report noting a 30% surge in AI-generated traffic. The company's Investor Day is scheduled for September 22. Long-term growth is supported by increased customer usage of security and edge-compute tools, but ongoing GAAP losses and reliance on key customers pose risks.

Fastly (FSLY) stock rose 6% to $23 after CFO Rich Wong highlighted growth in security and compute segments at Citi's conference. Revenue grew 23.3% YoY to $183M, with security and compute revenue up 43% and 69% respectively. Analysts have mixed ratings, with a mean target of $27, 19% above the close. TIKR's model values FSLY at $36 by 2030, implying 57% upside.

Fastly (FSLY) shares rose 5.5% after management presented at the Citi 2026 Global TMT Conference, highlighting growth and profitability. CFO Rich Wong noted security and compute segments are outperforming, with four consecutive quarters of operating profit and a net revenue retention rate of 117%. Q2 revenue was $183.3M, with gross margins of 63.3%, and the full-year revenue outlook was raised to $732M-$746M. The stock is up 122% YTD but remains 32.6% below its 52-week high.