Fastly stock likely declined due to uncertainties surrounding TikTok and the Trump administration’s ban on the app. Also, there was lower-than-expected usage of the app in the third quarter, according to The Motley Fool .
Is Fastly a good stock to buy?
Investors should avoid Fastly and stick with better-run companies in this challenging market for higher-growth tech stocks. Leo Sun has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Cloudflare, Inc. and Fastly.
What's going on with Fastly?
Fastly (NYSE:FSLY) stock is falling hard on Thursday following the release of the company's earnings report for the fourth quarter of 2021. The big news dragging down FSLY stock isn't its most recent earnings. The company's adjusted losses per share of -10 cents and revenue of $97.72 million beat out estimates.
Is Fastly doomed?
Fastly isn't doomed yet, but investors should seriously consider investing in its rivals Cloudflare (NET -5.80%) and Akamai (AKAM -1.85%) instead.
Will FSLY go up?
The 9 analysts offering 12-month price forecasts for Fastly Inc have a median target of 17.50, with a high estimate of 35.00 and a low estimate of 13.00. The median estimate represents a +51.91% increase from the last price of 11.52.
Why is Fastly stock up?
Fastly FSLY –3.30% stock is headed higher after the content delivery network and security software company posted better-than-expected third-quarter results. For the quarter, Fastly (ticker: FSLY) posted revenue of $87 million, up 23% from a year earlier, and ahead of the Street consensus forecast of $83.7 million.
Is Amazon using Fastly?
Amazon uses Fastly instead of AWS at a lot of their product pages: https://www.streamingmediablog.com/2020/05/fastly-amazon-hom... That's just CDN, not the real service. Well, AWS does have a strong CDN offering called Cloudfront so it is surprising.
Is Fastly better than AWS?
They have both proven to be extremely fast and reliable. Fastly has far more features if you need them (custom VCL will enable you to do pretty much anything you could want) Fastly also can purge content more or less instantly, and you are not charged for purging content.
Is Fastly better than Akamai?
As a user, Fastly is really, really good. Akamai is the only serious competitor,... | Hacker News. As a user, Fastly is really, really good. Akamai is the only serious competitor, but they are a lot more traditional in their sales and configuration.