Fastly Stock Eyes Best Day Ever After Beat-and-Raise

Core Viewpoint - Fastly Inc (NASDAQ:FSLY) is experiencing significant stock price appreciation, reaching nearly two-year highs with a 61.4% increase to $15.02, following strong earnings and revenue forecasts [1] Group 1: Financial Performance - Fastly reported earnings of 12 cents per share on record revenue of $172.6 million, exceeding expectations [1] - The company provided strong full-year revenue and profit forecasts, contributing to the stock's surge [1] Group 2: Market Activity - Fastly is currently the most popular stock in options trading, with 44,000 calls and 18,000 puts exchanged, significantly higher than typical volumes [3] - The most popular options include the weekly 2/13 15-strike call and the February 14 put, with new positions being opened [3] Group 3: Short Interest and Analyst Ratings - Short interest in Fastly represented 10% of the stock's available float prior to the surge, indicating potential short covering contributed to the price increase [4] - Seven out of ten analysts still maintain a "hold" or worse rating on Fastly, with a 12-month consensus price target of $11.86, representing a 21% discount to current levels [4]