Fastly also faces a growing number of competitors in the edge computing market. He and other analysts are also asking themselves what kind of other customers had lower usage in the quarter; Fish wonders if the company simply lost business to rivals. Fastly itself has plunged 26%. Fastly helps the world’s most popular digital businesses keep pace with their customer expectations by delivering fast, secure, and scalable online experiences. Stock in … Fastly also said that in the latter part of the quarter, “a few customers” had lower usage than expected. He suggested buying Akamai and Cloudflare shares on pullbacks.

Companies in the industry of "prepackaged software" are considered alternatives and competitors to Fastly, including Docusign (DOCU), Electronic Arts (EA), Synopsys (SNPS), Splunk (SPLK), Datadog (DDOG), and Cadence Design Systems (CDNS). Limelight Networks

Fastly itself has plunged 26%. Fastly (NYSE: FSLY), a provider of cloud-based services for edge networks, went public last May.

(NET) was off 3.6%, and That has raised fears that the company’s rivals in the content-delivery network sector could be similarly hurt. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com. The Competitors page allows you to view information for other symbols found in the same sector. This copy is for your personal, non-commercial use only. (LLNW) has fallen 4.7%.

Fastly, Inc. Class A Common Stock (FSLY) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets. TikTok accounted for 12% of June quarter revenues. However, that business performance came in before all things digital got a big shot in the arm due to coronavirus. The top 10 competitors average 4.5B.

View which stocks have been most impacted by COVID-19.

In the table, you'll find all the components (individual stock symbols) found in that sector, ranking them by their Weighted Alpha (a rating of growth patterns in a one-year period). We've detected you are on Internet Explorer. Oct 15, 2020, 11:27am PDT Updated Oct 15, 2020, 2:46pm PDT. In it's decade of existence, Fastly has been a fast-growing cloud company.

Akamai Technologies https://www.barrons.com/articles/fastlys-earnings-warning-is-weighing-on-rivals-stocks-51602791509. Published Wed, Oct 14 2020 7:45 PM EDT Updated 3 Hours Ago. Find real-time FSLY - Fastly Inc stock quotes, company profile, news and forecasts from CNN Business. Piper Sandler analyst James Fish, who remains Neutral on Fastly shares, said the announcement raised some very specific questions about its business. Over the last four quarters, Fastly's revenue has grown by 49.9%. Fastly itself has plunged 26%. Copyright ©2020 Dow Jones & Company, Inc. All Rights Reserved. For the best Barrons.com experience, please update to a modern browser.

In its first year since the IPO, total revenue grew 39% to $200 million -- although it's important to note that free cash flow (basic profits after cash operating and capital expenses are paid) was negative $51.4 million as the company invests for further growth.

Fastly's top competitors include NGINX, N7 - The Nitrogen Platform, Akamai and Cylance.

Fastly The fact that they weren’t able to do that “will likely create credibility issues,” he wrote. Businesses trust the Fastly edge cloud platform to accelerate the pace of technical innovation, mitigate evolving threats, and scale on demand. Find the latest Fastly, Inc. (FSLY) stock quote, history, news and other vital information to help you with your stock trading and investing. He says Fastly’s management team previously had said they could make up any regulatory-related shortfall in traffic tied to TikTok with business from other customers. Fastly's revenue is the ranked 7th among it's top 10 competitors.

Fastly's stock was trading at $15.27 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization.

Fastly vs. Docusign Stock Fastly vs. Electronic Arts Stock Fastly vs. Synopsys Stock Stock in Akamai Technologies (AKAM) has fallen 3.5%, Cloudflare (NET) was off 3.6%, and Limelight Networks (LLNW) has fallen 4.7%. By Dawn Kawamoto – Staff Reporter, San Francisco Business Times . Copyright ©2020 Dow Jones & Company, Inc. All Rights Reserved. This copy is for your personal, non-commercial use only.

Fastly Inc's competitive profile, comparisons of quarterly results to its competitors, by sales, income, profitability, market share by products and services - CSIMarket Credit Suisse analyst Brad Zelnick noted that TikTok parent ByteDance is also an Akamai customer, though to a smaller extent. Businesses trust the Fastly edge cloud platform to accelerate the pace of technical innovation, mitigate evolving threats, and scale on demand.

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(AKAM) has fallen 3.5%, What Fish does not see from the news is any reason to sell other content-delivery plays. Though shares are down from where they debuted as a public concern, th… Fastly is a cloud computing services provider that counts businesses such as Slack and Spotify as clients and Amazon and Google as top competitors. An error has occurred, please try again later. Amazon ( NASDAQ:AMZN ) Web Services (AWS), the world's largest cloud … … (ticker: FSLY) late Wednesday warned that September quarter revenues would fall short of its original guidance by a few million dollars—they now expect $70 million to $71 million, down from a previously estimate of $73.5 million to $75.5 million—due largely to a reduction in revenue from TikTok, the company’s largest client. Cloudflare Specifically, in Q2 2020's revenue was $74.7M; in Q1 2020, it was $62.9M; in Q4 2019, it was $58.9M; in Q3 2019, Fastly's revenue was $49.8M. Fastly stock takes big hit on revenue warning. Since then, FSLY stock has increased by 499.0% and is now trading at $91.46. Fastly is a buy if the stock continues to tank on revenue guidance cut, Cramer says. Write to Eric J. Savitz at eric.savitz@barrons.com.

Fastly’s stunning September quarter earnings warning is dragging down shares of other network infrastructure providers. stunning September quarter earnings warning. Fastly shares plunged nearly 30% Thursday morning after the company said that demand from its largest customer — TikTok's owner, ByteDance — "did not meet expectations."

Fastly helps the world’s most popular digital businesses keep pace with their customer expectations by delivering fast, secure, and scalable online experiences. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.