WMT - Should You Buy Fastly Stock Now?
Cloud computing specialist Fastly (NYSE: FSLY) is on a roll. The stock has quadrupled in value over the last quarter and continues to set new all-time highs nearly every day. Share prices doubled in May alone.
Fastly's combination of edge computing services and content delivery network (CDN) tools positioned it to excel in the remote-work and safer-at-home policies of the COVID-19 pandemic. Is it too late to buy into this exciting growth story or are Fastly's market-stomping returns in early 2020 just the start of even larger gains in the long run?
Fastly's CDN services are a drop-in replacement for sector leaders Akamai Technologies (NASDAQ: AKAM) or Limelight Networks (NASDAQ: LLNW). The company's CDN can't hold a candle to the much larger global networks of Limelight and Akamai, but Fastly makes up for that shortfall by offering a wider selection of network management tools. Fastly is best known for its edge computing services, which allow clients to process data in real-time.