Fastly Stock Is Near $40 Again: Time to Buy?
Shares of edge computing company Fastly (NYSE: FSLY) are back at $40 as of this writing on Thursday. The threshold is a somber level for Fastly bulls as it represents more than a 50% decline from where the stock traded at the beginning of the year. It's been a painful 2021 for Fastly investors, to say the least.
But is the stock now trading low enough to be an attractive buy? Based on the company's business momentum in the first half of 2020, yes. But in light of the company's performance since then, the stock may not be as attractive as it might seem.
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Source Fool.com
