Fastly Is Finally Earning Its Premium

Fastly has transitioned from a volatile turnaround story to a rerating candidate, delivering record revenue, gross margin, operating profit, and RPO in one quarter. FSLY's growth is now supported by accelerating traffic, disciplined pricing, strategic multi-product relationships, and visible revenue commitments, strengthening the bull case. Operating leverage is materializing, with improved financial metrics indicating sustainable profitability and scalability for FSLY.