Fastly Set an Ambitious New Goal
In contrast with previous challenging quarters, Fastly (NYSE: FSLY) posted encouraging third-quarter results. Indeed, following the content delivery network specialist's global outage in June, top customers are returning traffic to the platform. And the company is making progress with its growth initiatives in the cybersecurity and edge computing areas.
Management announced an ambitious goal of generating $1 billion in revenue by 2025. Let's see what that means for investors.
Fastly's core business consists of accelerating access to online services by hosting content closer to users, thanks to its data centers in 31 countries. More recently, it developed an edge computing offering to allow developers to build dynamic services on its decentralized servers.
Source Fool.com
