Forget Fastly: Akamai Technologies Is a Better Edge Computing Stock
Fastly (NYSE: FSLY) has been generating impressive revenue growth over the last several quarters. And with its innovative solutions, the company remains positioned to profit from the expanding content delivery network (CDN) and edge computing markets it addresses. What's more, the stock is trading at a more than 40% discount compared with its October all-time highs. Yet Fastly's rival Akamai Technologies (NASDAQ: AKAM) represents a better investment opportunity despite its lower top-line growth.
Both CDN specialists Fastly and Akamai make the internet faster. With their worldwide computing infrastructure, they host and deliver internet content closer to users to improve user experience.
That business is poised to thrive. Given the secular increase in internet traffic, research company Mordor Intelligence estimates the CDN market will grow at a compound annual compound rate (CAGR) of 27.2% by 2025 to $49.6 billion.
Source Fool.com
