On September 17, Fastly, Inc. rose 8.6% in regular trading, trading at $25.495/share, with turnover of $38.55 million. The rally was driven by continued market enthusiasm surrounding the company's recently announced content and application delivery partnership with Comcast.

Comcast and Fastly, Inc. announced a collaboration to develop a next-generation content and application delivery model aimed at accelerating streaming experiences for Xfinity customers. Comcast brings its extensive network infrastructure and large subscriber base, while Fastly, Inc. contributes its leading edge computing and CDN technology. The partnership is expected to expand Fastly, Inc.'s presence in carrier-grade business scenarios and serve as a positive catalyst for the commercialization of its edge cloud platform. Financial terms were not disclosed.

On the fundamental side, Fastly, Inc. reported strong Q2 results, with adjusted EPS of $0.15 significantly beating the consensus estimate of $0.07, and revenue of $183.3 million also topping expectations. Analysts have responded favorably, with RBC Capital raising its price target to $25 from $18, and the stock carrying an average analyst price target of $26.50.

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