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Carlson Invests $3.5M in Fastly, Shares Surge
Description
Carlson Investments recently invested $3.5 million in Fastly stock, marking a new position for the firm. Fastly, an edge cloud platform provider, saw its shares surge by 134.9% over the past year, outperforming the S&P 500. The companys revenue hit a record $173 million in Q1, with cybersecurity revenue jumping 47%. Despite the recent share price increase, investors may wait for a dip before jumping in, given Fastlys strong performance and potential in the AI boom.
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