Stock Market Today, Feb. 13: Fastly Rallies on Earnings Turnaround and Expanding AI Edge Strategy

2026-02-13 17:21:32 ET

Fastly (NASDAQ:FSLY) , an edge cloud platform for secure, scalable digital content delivery, closed Friday at $18.26, up 13.84%. The stock is advancing as investors react to record Q4 results, a surprise AI cloud partnership, while watching how agentic AI demand sustains revenue and margin momentum. The company’s trading volume reached 55 million shares, about 710% above its three-month average of 6.8 million shares.

S&P 500 (SNPINDEX: ^GSPC) finished Friday fractionally higher at 6,836, up 0.05%, while the Nasdaq Composite (NASDAQINDEX: ^IXIC) slipped 0.22% to 22,547. Within internet services & infrastructure, peers Cloudflare (NYSE:NET) closed at $195.85, up 5.87%, and Akamai Technologies (NASDAQ:AKAM) ended at $111.76, rising 6.83%, as investors lean into AI-related traffic opportunities.

Fastly shares rose sharply on Friday after the company reported record fourth-quarter results and issued stronger-than-expected 2026 guidance, signaling a potential turning point in growth and profitability. Revenue grew 23% year over year to $172.6 million, adjusted EPS reached $0.12, and GAAP losses narrowed. This indicates that operating leverage is beginning to take effect after several years of inconsistent performance.

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