|Bid||0.00 x 1100|
|Ask||0.00 x 1000|
|Day's Range||57.55 - 61.38|
|52 Week Range||39.47 - 136.50|
|Beta (5Y Monthly)||1.09|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 03, 2021 - Aug 09, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||56.60|
Fastly, a content delivery network (CDN) company that helps efficiently and quickly deliver website content to internet users, saw its share price jump as much as 4% yesterday before pulling back a bit near the end of the day. Investors may be returning to Fastly after the company made headlines earlier this month when major websites across the globe went down. The problem stemmed from some code on Fastly's CDN service, but it was quickly fixed, and the hiccup may have actually shown investors just how important the company is to keeping the broader internet up and running.
Shares of the content delivery network (CDN) company Fastly (NYSE: FSLY) were rising Wednesday on seemingly no company-related news. The tech stock might be moving higher as investors begin to see the value of the company after a substantial pullback in Fastly's share price this year. Fastly's stock was a favorite among tech investors in 2020 as they looked to companies that could benefit from lockdowns and social distancing.
In this video I will be talking about Fastly's (NYSE: FSLY) recent internet outage, why the stock is actually up 40% since its last earnings report, and the effect of cloud gaming on Fastly. Seeing who these clients were might have assured investors that Fastly is actually relied on by a broad range of companies, including some of the biggest ones. The gaming industry has never been this big, and there are no signs of it slowing down.