Fastly, Inc. (Fastly) is a real-time content delivery network (CDN) company. The Company provides services in the areas of delivery, security, streaming media, e-commerce and private CDN. With Fastly, the user can manage traffic spikes and mitigate security threats. Fastly works with Google Cloud Platform to extend the user's infrastructure and application logic for content delivery, backend workload, infrastructure costs and scalability. Fastly’s streaming media services offer global delivery of video content, whether it’s live or video on demand (VOD). The Company’s edge cloud platform, designed from the ground up to be programmable and support agile software development. Its platform consists of key components: a programmable edge and a software-defined modern network. The programmable edge provides developers with real-time visibility and control, where they can write and deploy code to push application logic to the edge.
Rumors today that FSLY is being considered to be bought out by Ciscso so the stock jumps 13%. Disclaimer: I do own FSLY.
January 21, 2021 10:02 am ET Benzinga's Top Ratings Upgrades, Downgrades For January 21, 2021 Benzinga 7:56 am ET Fastly upgraded to outperform from perform at Oppenheimer MarketWatch 6:48 am ET Fastly Raised to Outperform From Perform by Oppenheimer Dow Jones 6:41 am ET *Fastly shares are trading higher after Oppenheimer upgraded the stock from Perform to Outperform and announced a $125 price target. Benzinga
What Does a Triple Bottom Tell You? The triple bottom chart pattern typically follows a prolonged downtrend where bears are in control of the market. While the first bottom could simply be normal price movement, the second bottom is indicative of the bulls gaining momentum and preparing for a possible reversal. The third bottom indicates that there's strong support in place and bears may capitulate when the price breaks through resistance levels.
