Shares of Fastly, Inc. (FSLY) soared 14.62% in Wednesday's trading session following the release of the company's impressive third-quarter results and optimistic full-year guidance. The edge cloud platform provider 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, suggesting strong growth prospects. Furthermore, Fastly projected an adjusted EPS between $0.03 and $0.07 for the fiscal year, signaling a positive trend towards profitability. 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 rally, as investors react positively to the company's growth trajectory and improved financial performance.