Fastly is one of the biggest companies in this sector, and content delivery networks frequently use edge computing to reduce latency for end users.
Fastly stores cache and websites on servers for people all over the world. In fact, if you run a Shopify store, it’s possible that the Fastly content delivery network is used on your Shopify website.
One of the company’s main goals is to give developers a platform for edge computing that can be programmed and is safe. It took off when it went public in 2019, but it’s been a rough ride since then. In 2021, there were some problems with customer service, which caused the stock price to drop a lot.
The company wants to get back to where it was, and it looks like it’s on the right track to do so after reporting 21% increase in sales. The stock is worth about $13 and has strong fundamentals, so investors should buy it when it goes down.