On September 15, Fastly, Inc. rose 8.25% in regular trading, trading at $24.91/share, with turnover of $141 million. The rally was driven by news that Comcast has formed a content and application delivery partnership with Fastly to accelerate streaming experiences for Xfinity customers.

Under the collaboration, Comcast will leverage Fastly's edge cloud platform to develop a next-generation content and application delivery model aimed at providing Xfinity subscribers with faster and more reliable streaming services. Financial terms were not disclosed. Comcast brings its massive network infrastructure and subscriber base, while Fastly contributes its leading edge computing and CDN technology. The partnership is expected to expand Fastly's commercial footprint at the carrier-grade level, serving as a meaningful catalyst for its edge cloud monetization strategy.

On the fundamental side, Fastly reported strong Q2 results, with adjusted EPS of $0.15 significantly beating the consensus estimate of $0.07, and revenue of $183 million also surpassing expectations. This earnings momentum, combined with the high-profile Comcast deal, has reinforced investor confidence in the company's growth trajectory.

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