FSLY - Fastly: High-Potential In Edge Computing

2024-01-29 13:45:56 ET

Summary

• Fastly is a leading edge compute company that has seen a significant price surge in the past year, but is still 85% below its all-time highs.
• The increasing demand for faster online services, rise in cybersecurity attacks, and need for AI applications are catalysts for Fastly's growth.
• We expect Fastly's portfolio expansion to accelerate its revenue growth in the coming years, as it enters new security and compute markets.

Fastly ( FSLY ) is one of the world’s fastest CDN companies, delivering fast content, applications, and APIs to customers around the globe. The company had a nice run last year, increasing more than 100% over the last 12 months, as it benefited from the AI related market momentum. Despite this performance, Fastly is still 85% below its all-time high of $136, which it hit in October 2020. Since then, the stock has lagged behind the S&P 500 by a large margin (see below)....

For further details see: