What happened Shares of Fastly (NYSE: FSLY) rose today as investors continued to process new information about rising coronavirus cases and increasing social restrictions across the U.S. The company's stock rose by as much as 6.1% today and was up 3.4% as of 3:37 p.m. EST. So what Coronavirus cases are increasing across the country, pushing states and local governments to increase their social distancing restrictions, implement mask mandates, and bring back limited lockdowns in some areas. Image source: Getty Images. Some Fastly investors may see these new restrictions as a sign that some parts of the U.S. could go back to lockdowns over the winter. While this isn't good news, of course, this would increase the demand for online services and content, which could boost demand for Fastly's services. News of two potential coronavirus vaccine candidates had spurred some investors to sell Fastly's stock this month. But even with those positive vaccine prospects, the rising number of new coronavirus cases is likely to curb some of the gains states had made in opening up businesses and allowing larger social gatherings. Now what Fastly stock has taken a hit over the past few months, but it's still up 289% year to date. Today's share price bump shows that some investors may continue to buy and sell this stock on some of the daily news being reported about the pandemic. But long-term investors should ignore most of the daily news that moves this stock and remember that the company has very good long-term prospects. 10 stocks we like better than FastlyWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Fastly wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of October 20, 2020 Chris Neiger has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Fastly. The Motley Fool has a disclosure policy.Source