Long
FASTLY another darling of Wallstreet!
Fastly Inc. a content delivery network that acts as an internet intermediary, has emerged as the best-performing tech stock outpacing Zoom Video Communications Inc,
ZM , a company that has been often in the limelight in the work-from-home era.
What Happened: Fastly made its debut in May 2019 and opened for trade at $21.50. Last week, the stock clocked gains of 36%. On Monday, Fastly shares rose by nearly 15%.
Since the recent market highs on Feb 19, Fastly has zoomed past Zoom as shares surged 222%. In the same period, Zoom rose 159%.
Why It Matters: As people take to working from home, the underlying technology of Fastly is being used by companies buoyed by the trend.
ZM , a company that has been often in the limelight in the work-from-home era.
What Happened: Fastly made its debut in May 2019 and opened for trade at $21.50. Last week, the stock clocked gains of 36%. On Monday, Fastly shares rose by nearly 15%.
Since the recent market highs on Feb 19, Fastly has zoomed past Zoom as shares surged 222%. In the same period, Zoom rose 159%.
Why It Matters: As people take to working from home, the underlying technology of Fastly is being used by companies buoyed by the trend.
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.