Shares of Fastly, Inc. (FSLY) are surging 18.46% in pre-market trading on Thursday, following the company's release of impressive third-quarter results and an optimistic full-year guidance. The edge cloud platform provider has demonstrated strong performance, exceeding analyst expectations and boosting investor confidence.

Fastly reported a third-quarter adjusted earnings per share (EPS) of $0.08, significantly outperforming the analyst estimate of $0. The company's revenue for the quarter came in at $158.223 million, surpassing the forecast of $150.8 million. Additionally, Fastly achieved a gross margin of 58.4%, indicating improved operational efficiency.

Looking ahead, Fastly provided an upbeat outlook for the full fiscal year 2025. The company now expects full-year revenue to be in the range of $610-614 million, surpassing the consensus estimate of $598.12 million. Furthermore, Fastly projected an adjusted EPS between $0.03 and $0.07 for the fiscal year, compared to the previous consensus expectation of -$0.07. The company also reported a 30% year-over-year growth in security revenue and an increase in enterprise customer count to 627, up by 51 from the previous year. These factors have likely contributed to the stock's substantial pre-market rally, as investors react positively to the company's growth trajectory and improved financial performance.