CNBC first reported on Fastly's rally overtaking Zoom's. View the latest news and breaking news today for U.S., world, weather, entertainment, politics and health at CNN.com. The company's stock was up by as much as 8.7% in afternoon trading. While it's been one of the most talked-about companies over the past several months, Zoom is up 159% since the market peak. So what Fastly's shares rose once again today as investors viewed the growing company as a good long-term bet during the pandemic. Investors breathed a sigh of relief on Monday after news broke that software giant Oracle had struck a deal to become ByteDance's U.S. technology partner. As of 2:46 p.m. EDT, Fastly's stock had risen 4.7%. Chris has covered Tech and Telecom companies for The Motley Fool since 2012. Get the latest national, international, and political news at USATODAY.com Fastly is an edge cloud-computing and content-delivery network company that helps other companies speed up their websites, apps, and online services. The Ascent is The Motley Fool's new personal finance brand devoted to helping you live a richer life. The lead is set to widen on Tuesday — Fastly shares leaped as much as 7% in early trading. Get breaking news and the latest headlines on business, entertainment, politics, world news, tech, sports, videos and much more from AOL to a range of between $280 million to $290 million, up from the previous range of between $255 million to $265 million. ; The cloud-computing company closed Monday up … The uncertainty surrounding TikTok's future has weighed on Fastly's stock price. Zacks 10/12/20. And when it comes to Fastly, investors have been happy to see that the company's management raised its full-year revenue guidance to a range of between $280 million to $290 million, up from the previous range of between $255 million to $265 million. Let's conquer your financial goals together...faster. Read more: Dave Portnoy, the poster child of the day-trading boom, told us why he thinks Warren Buffett is 'past his prime' and was wrong to ditch airline stocks. Fastly’s edge cloud platform helps the world’s most popular digital businesses keep pace with their customer expectations by delivering fast, secure, and scalable online experiences. ... All news Press releases In the news. Find out more about how we use your information in our Privacy Policy and Cookie Policy. I had to teach my NYU psych class to 360 students from a cell phone while trapped in an elevator with my kids. Disclaimer | Stock quotes by finanzen.net. We and our partners will store and/or access information on your device through the use of cookies and similar technologies, to display personalised ads and content, for ad and content measurement, audience insights and product development. Fastly’s edge cloud platform helps the world’s most popular digital businesses keep pace with their customer expectations by delivering fast, secure, and scalable online experiences. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. In the news. Breaking News, Latest News and Current News from FOXNews.com. Is Fastly Stock a Buy? Breaking news and video. But if Oracle is the one that partners with TikTok, that could help to ensure that Fastly retains its business --Microsoft was more likely of the two to switch TikTok over to its own infrastructure. The leap brought Fastly's total gains since February 19 to 222%, overtaking Zoom as the best-performing work-from-home stock throughout the coronavirus pandemic. Cumulative Growth of a $10,000 Investment in Stock Advisor, Why Shares of Fastly Are Rising Today @themotleyfool #stocks $FSLY, Here's Why Fastly Is Falling Even More on Friday, Copyright, Trademark and Patent Information. Fastly's edge cloud platform delivers faster, safer, and more scalable sites and apps to customers. It went surprisingly well. The stock has a 52-week high of $117.79 and a 52-week low of $10.63. By Monday's close, the stock was up 76% from the follow-on offering price. All of which means it's likely investors could be drawn to this growth company over the long haul. Get the latest national, international, and political news at USATODAY.com Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. The Ascent is The Motley Fool's new personal finance brand devoted to helping you live a richer life. Fastly Completes Acquisition of Signal Sciences. You can change your choices at any time by visiting Your Privacy Controls. Read more: Morgan Stanley handpicks 10 stocks to buy now for the richest profits as travel and outdoor activities transform in the post-pandemic world. Keeping TikTok as a customer would be a boon for Fastly. Let's conquer your financial goals together...faster. Image source: Getty Images. Internet RetailingWednesday, March 20, 2019, Business InsiderSaturday, January 5, 2019, Fastly open sources Lucet, a native WebAssembly compiler and runtime, Mozilla’s WASI takes WebAssembly beyond the browser, Lucet is the native WebAssembly compiler that meets your security needs, Fastly Partners with Microsoft for Data Analytics at the Edge, Fastly, Microsoft partner on real-time analytics with Azure Data Explorer, 8 cloud computing startups to bet your career on in 2019, Get ready for edge computing’s rise in 2019, 44 enterprise startups to bet your career on in 2019, Apple, Amazon, Facebook and more than 50 other companies sign letter against Trump administration's proposed gender definition changes. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Returns as of 10/17/2020. Fastly stock plunged 17.7% to close at 89.64 on the stock market today. MotleyFool 10/13/20. Akamai shares are up 18% year-to-date and about 2% from February 19. Innovation matters. All of which means it's likely investors could be drawn to this growth company over the long haul. Commerce Policy | Why Fastly Stock Popped Today. See the most recent updates, and explore how we're making the web a better place, together. Fastly's shares rose once again today as investors viewed the growing company as a good long-term bet during the pandemic. Fastly's stock was trading up 4.35% at $93.58 per share on Thursday at the time of publication. Fastly's shares have surged 248% since the company reported its first-quarter results at the beginning of May. Fastly overtook Zoom as the stock market's best-performing work-from-home stock. Innovation matters. Cumulative Growth of a $10,000 Investment in Stock Advisor, Why Fastly Stock Surged Today @themotleyfool #stocks $FSLY $ORCL $MSFT, Here's Why Fastly Is Falling Even More on Friday, Copyright, Trademark and Patent Information. With the U.S. in a recession and no current end in sight for the pandemic, investors are likely looking for any positive news they can find. Investors aren't the only ones benefiting from Fastly's run-up. As the economic effects of the pandemic have begun to settle in, investors have been drawn to Fastly's stock as a way to benefit from increased internet usage by U.S. users. Microsoft (NASDAQ:MSFT) had been in talks with ByteDance for several weeks, and the tech titan was thought to be the frontrunner to acquire TikTok's U.S. assets. Fastly stock rallied on Monday. The Congressional antitrust report shows how far the major cloud platforms can go to win and keep customers. The San Francisco-based firm also isn't the only cloud-computing business rallying through the pandemic. MotleyFool 10/12/20. Stock Advisor launched in February of 2002. Fastly focuses on content-delivery services and counts the popular firms Slack and Spotify among its customers. The rapidly expanding social media platform could help to turbocharge Fastly's growth in the years ahead. Returns as of 10/17/2020. As stay-at-home orders drove more people to such online services, analysts eyed the cloud-computing company as a top beneficiary from the telecommuting trend. Market data powered by FactSet and Web Financial Group. The popular social video app is Fastly's largest customer. Fastly (FSLY) Stock Sinks As Market Gains: What You Should Know. Innovation matters. Fastly. Find the latest news headlines from Fastly, Inc. Class A Common Stock (FSLY) at Nasdaq.com. Joe honed his investing skills as an analyst for Stock Advisor, Supernova, and Fool One. Fastly just became the stock market's new work-from-home darling. He battle-tested his investment philosophy and strategies as portfolio manager of Tier 1, a market-crushing Motley Fool real-money portfolio that delivered 24.58% annualized returns during its existence. All rights reserved. Market data powered by FactSet and Web Financial Group. News. Fastly's (NYSE:FSLY) stock moved higher today as investors searched for companies that have the potential to grow during an economic downturn. Sales grew 38% year over year, and the company narrowed its non-generally accepted accounting principles (GAAP) operating losses compared to the year-ago quarter. Fastly closed at $73.27 per share on Monday, up 275% year-to-date. See the most recent updates, and explore how we're making the web a … See you at the top! Breaking News, Latest News and Current News from FOXNews.com. Now read more markets coverage from Markets Insider and Business Insider: Dennis Lynch and Kristian Heugh run the best large-company stock funds of the last 10 years. See you at the top! Will you accept our Cookie Policy? The legendary investors break down the 5 principles that guide their quest for long-term growth. 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