Carlson Investments has taken a significant step by acquiring 213,025 shares of Fastly (FSLY) in Q1 2026, valued at approximately $3.5 million. This new position represents 1.06% of Carlson’s total assets under management as of March 31, 2026. Following the purchase, Fastly’s stock has surged, reaching a market value of $6.19 million by the end of the quarter, reflecting a remarkable 134.9% increase over the past year.
This investment comes as Fastly reported strong Q1 results, with record revenues of $173 million, marking a 20% year-over-year growth. The company’s robust performance, particularly in its cybersecurity services which grew by 47%, has been a key driver behind the stock’s impressive rise. As Fastly continues to capitalize on the growing demand for edge cloud services, its shares have become less of a bargain, prompting potential investors to consider waiting for a price correction before entering.
For market professionals, Carlson’s bullish stance on Fastly underscores the potential of edge computing and cybersecurity sectors, suggesting that while the stock has appreciated significantly, the underlying business fundamentals remain strong.
Source: fool.com