Fastly Inc. (NASDAQ:FSLY) is one of the 10 Stocks Racking Up Monster Gains.
Fastly snapped a three-day losing streak on Monday, surging 8.59 percent to close at $25.80 apiece, as investors repositioned portfolios ahead of the results of its first-quarter earnings performance.
In a notice to investors, Fastly Inc. said that it would release its financial and operating highlights after market close on Wednesday, May 6. A conference call will be held to elaborate on the results.
Photo from Fastly website
For the period, the company is targeting to grow its revenues by 16 to 20.4 percent to a range of $168 million to $174 million, versus the $144.5 million in the same period last year.
It also expects to swing to a non-GAAP net income per share of $0.07 to $0.10 from a non-GAAP net loss per share of $0.05 posted in the same comparable period.
Non-GAAP operating income is pegged at $14 million to $18 million, or an implied reversal of the $5.8 million non-GAAP operating loss year-on-year.
In other news, Fastly Inc. earlier this month teamed up with Spain-based professional football association, Laliga, in combating piracy and illegal streaming of its live sports.
Under the agreement, Fastly Inc. and Laliga will collaborate on a joint anti-piracy innovation project leveraging AI for a targeted, intelligent detection system that is able to identify illegal streams in real time.
Fastly and Laliga said that they are actively collaborating with other technology companies, publishers, and regulators to develop software solutions and best practices that quickly detect and disable unauthorized streaming while leaving all other traffic untouched.
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