Fastly, Inc. (NASDAQ:FSLY) shares are trading higher Thursday after the company reported better-than-expected fourth-quarter financial results and issued fiscal-year 2026 and first-quarter guidance above estimates on Wednesday after the market closed.

• Fastly stock is approaching key resistance levels. Why did FSLY hit a new high?

Fourth-Quarter Performance And Outlook

Fastly posted adjusted earnings per share of 12 cents, beating the consensus estimate of 6 cents. In addition, it reported revenue of $172.61 million, beating the consensus estimate of $161.36 million.

Total revenue increased 23% year-over-year. Network services revenue rose 19% to $130.8 million, while security revenue climbed 32% to $35.4 million. Other revenue grew 78% to $6.4 million.

Remaining performance obligations were $354 million, up 55% year over year. Enterprise customer count increased to 628, up 32 from the fourth quarter of 2024.

Fastly's last 12-month net retention rate increased to 110% in the fourth quarter from 106% in the third quarter of 2025.

Looking ahead, Fastly expects fiscal-year 2026 adjusted earnings per share of 23 cents to 29 cents, compared to the analyst estimate of 14 cents, and sees full-year revenue ranging from $700.0 million to $720.0 million, versus estimates of $667.83 million. For the first-quarter, the company anticipates adjusted earnings per share of 7 cents to 10 cents versus estimates of 1 cent and projects revenue of $168.0 million to $174.0 million, above the analyst estimate of $159.62 million.

Shares Climb Above Key Averages Amid Mixed Momentum

Fastly is currently trading 44.4% above its 20-day simple moving average (SMA) and 37.2% above its 100-day SMA, demonstrating strong short-term momentum. Over the past 12 months, shares have decreased by 7.55%, and they are currently positioned closer to their 52-week highs than lows, suggesting a potential recovery phase.

The RSI is at 48.96, indicating neutral momentum, while the MACD is above its signal line, suggesting bullish conditions. The combination of neutral RSI and bullish MACD suggests mixed momentum, indicating potential for upward movement if market conditions remain favorable.

• Key Resistance: $14.00
• Key Support: $12.50

Benzinga Edge Rankings

Below is the Benzinga Edge scorecard for Fastly, highlighting its strengths and weaknesses compared to the broader market:

• Momentum: Neutral (Score: 56.53) — The stock is showing moderate performance indicators.

The Verdict: Fastly’s Benzinga Edge signal reveals a mixed performance outlook. While the Momentum score indicates some strength, the overall market positioning suggests traders should remain cautious as they monitor further developments.

Fastly Shares Skyrocket Higher

FSLY Price Action: At the time of writing, Fastly shares are trading 39.96% higher at $12.98, according to data from Benzinga Pro.

This illustration was generated using artificial intelligence via Midjourney.

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