Why Fastly Stock Is Still Too Pricey
Fastly's (NYSE: FSLY) stock price has plunged more than 35% since Feb. 9, partly because of the underwhelming full-year 2021 guidance management communicated last week in its fourth-quarter earnings report.
Does that mean investors should avoid the stock? Or should they take advantage of this short-term volatility to invest in the innovative content delivery network (CDN) specialist?
The company's CDN business is poised to grow over the long term. Indeed, enterprises are digitizing, and Fastly accelerates access to online services by leveraging its infrastructure across 26 countries to host content closer to users, a service called edge computing.
Source Fool.com
