Amazon.com Copyright ©2020 Dow Jones & Company, Inc. All Rights Reserved. Dow Jones Industrial Average unique domains. Cloudflare But with Covid-19 cases rising in the U.S. and spiking in Europe, the lack of stimulus becomes a bigger issue than it was just a few weeks ago. For the best Barrons.com experience, please update to a modern browser. For the best Barrons.com experience, please update to a modern browser. See technologies overview for explanations on the methodologies used in the surveys. Fastly said TikTok is its largest customer, accounting for 12% of revenues for the first half of 2020. This diagram shows the market position of Fastly … “Customers are increasingly adopting the company’s platform to deploy their own code & applications to improve their website’s performance and/or lower their cloud bills by reducing origin server requests,” he wrote. Copyright ©2020 Dow Jones & Company, Inc. All Rights Reserved. Morgan Stanley (MS) Market share of reverse proxy service providers among the top 1000 sites: There’s no one thing sinking stocks Thursday morning. Our dedicated trend survey shows more reverse proxies usage and market share trends. Nasdaq Composite Stimulus doesn’t look like its going to happen, called off its trial for VX-814 due to safety concerns. Shares of Fastly (ticker: FSLY), a content delivery network and edge computing firm, have soared 320% in 2020. (OKE) has dropped 4.5% after getting cut to Sell from Neutral at Raymond James analyst Robert Majek on Monday raised his rating on the stock to Outperform from Market Perform. Real-time Analytics and CDN platform. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.barrons.com/articles/fastly-stock-has-fallen-over-its-ties-to-tiktok-why-this-analyst-is-a-bull-on-the-shares-51598309917. Goldman Sachs. Amazon CloudFront This diagram shows the market position of Fastly in terms of popularity and traffic compared to the most popular reverse proxy services.Our dedicated market survey shows more reverse proxies market data. Akamai Technologies You can find growth rates of Fastly compared to all other reverse proxy services in our Fastly market report. He points to recent high-profile customers, including https://www.barrons.com/articles/thursday-morning-stock-movers-dow-jones-industrial-average-slumps-fastly-vertex-sonos-51602765403. The S&P 500 jumped 1% to a new record. It doesn’t help to see a popular momentum stock take a hit to revenue, and the news has also hit other software stocks, including He notes that Fastly’s differentiation is focused on web performance and image delivery—which has some of the highest margins among content delivery network traffic types. 66,169 websites. Raymond James analyst Robert Majek on Monday raised his rating on the stock to Outperform from Market Perform. 3. Fastly’s Walgreens Boots Alliance To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com. The stock is off 28% from the top of its 52-week range. Fastly Add it all up, and it looks like a bad day. This report shows the usage statistics of Fastly as reverse proxy service on the web. has dipped 0.7% despite reporting a profit of $1.66 a share, beating expectations for $1.28. (VRTX) has tumbled 12% after it called off its trial for VX-814 due to safety concerns. Our reports are updated daily. Walgreens Boots Alliance (WBA) risen 1.4% after reporting a profit of $1.02 a share, beating forecasts for $0.96. 4. “Our technical dive gives us confidence that Fastly’s software-defined network offers top-notch performance and that Fastly has created sustainable product differentiation with its programmable platform built for developers, both of which suggest continued share gains and a durable long-term growth profile,” he wrote. Fastly is free to use Create a report; Create an alert; Compare; Top Industry Verticals. Quantil. Oneok To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com. 2. To be sure, the stock isn’t cheap, trading at 22.6 times Wall Street’s fiscal 2021 revenue estimate. Copyright ©2020 Dow Jones & Company, Inc. All Rights Reserved. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. This is 0.7% of all websites. 5. futures have dropped 1.6%. reverse proxies usage and market share trends, reverse proxy service providers among the top 1000 sites. 1. “The world is waking up to the beginning of a risk off day of trading,’ writes NatAlliance Securities’ Andrew Brenner, who called it a “perfect storm.”. Industry verticals where Fastly … This diagram shows the historical trend in the percentage of websites using Fastly.Our dedicated trend survey shows more reverse proxies usage and market share trends. We’d add The For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. His new $100 price target implies 18.7% upside. An error has occurred, please try again later. Stimulus doesn’t look like its going to happen, but that’s been the case for a while now. (WBA) risen 1.4% after reporting a profit of $1.02 a share, beating forecasts for $0.96. This copy is for your personal, non-commercial use only. (AMZN), which he believes chose Fastly for “its ability to deliver personalized images quickly, providing product validation given that Amazon largely chose it over its own CDN.”. Dow futures have declined 326 points, or 1.2%, while We've detected you are on Internet Explorer. Majek wrote in a note on Monday that he’s increasingly more upbeat about Fastly’s potential to grow its market share, and is more comfortable with its relationship with This copy is for your personal, non-commercial use only. But the stock fell sharply in recent weeks amid the U.S.’s crackdown on Chinese-owned social media app TikTok. But Majek thinks the recent pullback could be a good entry point. “We don’t believe investors fully appreciate the duration and durability of the company’s growth profile or the optionality around Compute@Edge and security that should drive upside vs. estimates and justify current valuation levels,” he added. looks set to drop Thursday as investors struggle with a “perfect storm” of rising Covid-19 cases, no stimulus, and concerns about high priced tech stocks. futures have fallen 1.2%, and The Dow Jones Industrial Average looks set to drop Thursday as investors struggle with a “perfect storm” of rising Covid-19 cases, no stimulus, and concerns about high priced tech stocks. Sonos (SONO) stock has gained 1.5% after getting upgraded to Buy from Neutral at (AKAM), which has declined 2.9%. This copy is for your personal, non-commercial use only. Fastly stock has a new bull. Write to Ben Levisohn at Ben.Levisohn@barrons.com. Microsoft. We've detected you are on Internet Explorer. (NET), which has dropped 8.6%, and You can find growth rates of Fastly compared to all other reverse proxy services in our Fastly market report. Analyze your web and server traffic patterns in real-time . Featured products and servicesadvertise here, see FAQ for explanationson advanced reports. stock has a new bull. An error has occurred, please try again later. Request an extensive Fastly market report. Akamai Bank of America. Vertex Pharmaceuticals Fastly stock fell 1% to $84.21 on Monday. Cloudflare (FSLY) 30% plunge following a reduced sales outlook to the factors weighing on stocks. You can find more examples of sites using Fastly in our Fastly market report, or you can request a custom web technology market report.