Fastly(FSLY) ZACKS·2025-01-15 19:41Company Performance and Growth Drivers - Strong performance driven by expanding channel partner network, product innovation, advancements in security solutions, and a growing customer base [1] - Shares gained 29.6% over the trailing three months, outperforming the broader Zacks Computer & Technology sector (2.8%) and the Zacks Internet - Software industry (4.2%) [8] - Revenues from customers outside the top 10 grew 20% year over year, reflecting successful efforts to broaden the customer base [3] Product Innovations and Enhancements - Updated Bot Management with a new bot analysis feature, offering better visibility and control over bot management costs [2] - Expanded security offerings, including adaptive DDoS protection, providing automatic defense against sophisticated attacks [5] - Rolled out enhancements to its KV Store, enabling more powerful edge applications through high-performance key-value storage [6] - Launched a beta version of its AI accelerator to boost performance and cut costs for large language model applications, with added support for Google Gemini and OpenAI [9] - Upgraded Next-Gen WAF with faster activation, improved threat detection, and added context through Country and IP Corp/Site lists [9] Strategic Partnerships and Customer Base - Cineverse chose Fastly's Media Video Delivery solution to enhance its digital cinema, streaming, and content distribution capabilities [3] - Channel Partner Program offers benefits such as flexible pricing, added discounts, deal registration, and dedicated support to drive partners' growth and profitability [10] Financial Estimates and Market Position - Zacks Consensus Estimate for first-quarter 2025 revenues is 579.97 million, implying growth of 7.03% from 2023 actual [11] - Consensus mark for 2025 earnings is 3 cents per share, indicating a year-over-year upsurge of 124.29% [11] - Earnings surpassed the Zacks Consensus Estimate in the trailing four quarters, with an average surprise of 81.1% [11]