Why Fastly's Comeback Is Only a Question of Speed
After a strong runup through much of 2020, Fastly's (NYSE: FSLY) stock has experienced a slowdown that began in October and then accelerated downward in February 2021. The stock price is trading effectively where it was a year ago at this time and just when the stock began to show some solid recovery, a software bug briefly took down roughly 85% of the company's service network. Weirdly, this service interruption may actually be pointing investors toward an opportunity in Fastly stock instead of a reason to sell.
Like many tech stocks in 2021, Fastly hit a peak price early in the year. It reached an intraday peak of almost $123 per share on Jan. 27 before changing direction, falling as much as 68% by mid-May.
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Source Fool.com
