WisdomTree Cybersecurity Fund Up 2.56% on 64% Fastly Surge
Fastly surged 64.45% on February 12 after reporting Q4 revenue of $172.6 million, a 23% year-over-year increase, and EPS of $0.12 versus $0.06 estimated. WisdomTree Cybersecurity Fund, which allocates 4.55% to Fastly, rose 2.56%, benefiting from the rally in its fifth-largest holding.
1. Fastly’s Q4 Performance and Stock Rally
Fastly reported fourth-quarter revenue of $172.6 million, up 23% from a year earlier, and delivered EPS of $0.12, double the $0.06 consensus. Investors drove the stock up 64.45%, sending shares to a 52-week high as gross margin reached 61.4% and remaining performance obligations climbed 55% to $353.8 million.
2. Impact on WisdomTree Cybersecurity Fund
WisdomTree Cybersecurity Fund holds 4.55% of its net assets in Fastly, making it one of the ETF’s top five positions. The 64% surge in Fastly stock translated into a 2.56% gain for the fund on the same trading day, slightly boosting its net asset value.
3. Fund Composition and Outlook
Beyond Fastly, the fund’s largest exposures include leading cybersecurity firms that benefit from rising enterprise security spending. Fund managers may see continued inflows if cybersecurity equities maintain momentum, while monitoring concentration risk in high-growth names like Fastly.