Fastly Stock Rallies as Customers Who Left After Recent Outage Return

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Fastly stock is headed higher in late trading Wednesday after the content delivery network and security software company posted better-than-expected third-quarter results.

For the quarter, Fastly (ticker: FSLY) posted revenue of $87 million, up 23% from a year earlier, and ahead of the Street consensus forecast of $83.7 million. On a non-GAAP basis, the company lost 11 cents a share, narrower than the Street consensus forecast for a loss of 19 cents a share.

Fastly…

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