Why Fastly Stock Is Up Today
Shares of Fastly (NYSE: FSLY) were gaining today on no company-specific news. The tech stock may be moving higher today after a positive investor note yesterday said that Fastly could benefit from content delivery opportunities from a service that Apple plans to launch in the fall.
The tech stock was up by 5% as of 12:34 p.m. EDT.
Piper Sandler analyst James Fish said that Apple's new iCloud Private Relay, a security feature for iCloud subscriptions, could provide new revenue for content delivery network (CDN) companies, including Fastly and some of its competitors.
Source Fool.com
