Fastly (FSLY) stock is flying high today after the cloud-computing company posted its first profitable year and Q4 earnings per share (EPS) topped Street estimates by a whopping 100%. As the financial release drew massive retail and institutional interest to FSLY, its share price soared through all of its major moving averages (MAs), indicating bulls are now firmly in control.
At the time of writing, Fastly shares are trading at more than triple their price last year in April. Yet, a senior William Blair analyst argues there’s still time to build a position in this Nasdaq-listed firm.
