Monksdream
1 year ago
FSLY
Fastly Inc NYSE: FSLY
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Information Technology : IT Services | Small Cap GrowthCompany profile
Fastly, Inc. is engaged in the development of an edge cloud platform, which provides developers and security operations teams with solutions. The edge cloud is a category of infrastructure as a service (IaaS), which enables developers to build, secure and deliver digital experiences at the edge of the Internet. It has built a serverless edge cloud platform, Fastly's Edge Cloud Platform, designed from the ground up to be programmable and support agile software development. The Company serves both established enterprises, mid-market companies and technology-savvy organizations. The Companyβs network services are designed to speed up and optimize the delivery of Web and application traffic while ensuring developers and engineers do not lose visibility or control. The Company also offers Next-Gen WAF, a Web application firewall that protects applications from malicious attacks that seek to compromise apps and application programming interface (API).
JFXL2
3 years ago
As if College Football Playoff expansion and name, image and likeness rights were not enough to shake up the sport, another round of conference realignment appears to be only a matter of time. Texas and Oklahoma have reached out to the SEC about leaving the Big 12 and joining the nation's most powerful conference, sources tell CBS Sports' Dennis Dodd.
Citing "a high-ranking college official with knowledge of the situation," the Houston Chronicle's Brent Zwerneman first reported that the SEC could announce the additions of the Longhorns and Sooners "within a couple of weeks." Yes, things may move that quickly.
Yes ND in all other sport other then FB. NBC is nice money but they can make bigger $$ if in ACC IMO. Not that they need it. The endowment fund is nicely funded by Alumni alone...
Cheers and GO IRISH FX
JFXL2
3 years ago
Hey Porter,
Why did these guys drop from $100 to where it is now in 6 months. I like what they do and their client list is impressive.
I found my answer here so I'm sharing in case someone new like me asks the same question: Like you I'll look for an in around $40 like you but maybe $50. Plus I like the Fool.com. I read their newsletter SA and Rules Breakers.
https://www.fool.com/investing/2021/06/14/near-a-1-year-low-is-fastly-a-buy/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article
Fastly (NYSE:FSLY) is a promising content delivery service provider whose stock has gone essentially nowhere when comparing prices from this time a year ago.
Its strong run-up in 2020 evaporated in October after the company's biggest client, ByteDance, the Chinese owner of Tiktok, pulled the plug on its content delivery services order with Fastly after former President Donald Trump issued an executive order that threatened to ban transactions with Tiktok by American businesses, citing privacy concerns. Trump called for TikTok to be sold to an American company if it wished to avoid further sanctions.
On June 9, President Joe Biden rescinded Trump's executive order and issued new orders that set criteria for the government to evaluate the risk of apps (like TikTok) connected to adversarial countries (like China). The new orders effectively get TikTok off the hook with regards to the Trump temporary ban efforts. The negotiations to sell TikTok to a U.S.-based company are on hold and now unlikely to be completed. Unfortunately, the loss of Fastly's then-largest customer -- which accounted for 12% of its revenue last year -- is potentially permanent.
Is there any hope for Fastly's stock price to recover its upward trajectory after such a setback?