Fastly Inc (FSLY) Sector
Information Technology

(Current) $7.70
0.00 (0%) Open Price: 7.40

 

Fastly Inc. is a technology company that provides edge cloud computing services. The company was founded in 2011 by Artur Bergman, who is also the company's CEO. Fastly’s headquarters are in San Francisco, California. The company provides a content delivery network (CDN) that allows companies to distribute and deliver digital content such as video, images, and websites to end-users. Fastly's edge cloud platform offers services such as caching, security, and real-time video and audio streaming.

 

Fastly went public in May 2019, trading under the ticker symbol FSLY on the New York Stock Exchange. The company raised $180 million in its initial public offering (IPO), with an opening price of $16 per share. Fastly’s IPO was a success, as the company’s shares surged 50% on their first day of trading. Fastly has since seen significant growth, with its shares reaching an all-time high of $136.50 in May 2021.

 

Fastly's platform is used by a range of customers, including e-commerce, social media, and media companies. The company's customers include popular websites such as Shopify, Pinterest, and The New York Times. Fastly's platform allows companies to distribute and deliver digital content to end-users in a fast, reliable, and secure manner. The company's edge computing services provide faster load times, lower latency, and higher throughput compared to traditional CDN services.

 

Fastly also provides security services to its customers, including protection against Distributed Denial of Service (DDoS) attacks and Web Application Firewall (WAF) protection. These security services are integrated into Fastly's platform, allowing customers to protect their digital content and end-users from potential security threats.

 

In addition to its core edge cloud platform, Fastly has also launched a number of new services and products in recent years. In 2020, the company launched Compute@Edge, a serverless computing platform that allows developers to run code at the edge of the network. Fastly also acquired Signal Sciences, a web application security company, in 2020, which has helped to expand its security offerings.

 



 

(06/11/24) $7.40
(06/12/24) $7.69
(06/12/24) (Qty.)1,861,576
(06/11/24) $7.32
(06/11/24) $7.52
(06/09/24) $7.30
(05/26/24) $8.58
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