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Ignore Fastly -- Here Are 2 Better Stocks

·4 min read
Ignore Fastly -- Here Are 2 Better Stocks
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Fastly's (NYSE: FSLY) stock was cut in half this year after the company missed analysts' expectations for two straight quarters. A service outage in June also tarnished the cloud service provider's reputation, resulted in the loss of a top-10 customer, and caused delays for upcoming projects. As a result, Fastly expects its revenue to rise just 17%-20% this year, compared to its 45% growth in 2020, and it could fall further behind its competitors in the content distribution network (CDN) and edge computing markets.