Is It Time to Buy Fastly Right Now?
This video will be an update on what Fastly (NYSE: FSLY) has been up to this quarter. Linktree, the "link in bio" company, has started to use Fastly's Edge Cloud Platform, and Amazon has started to return traffic. You can find the full video below.
Last quarter Fastly experienced an outage, and during the earnings call, management mentioned that a top-10 customer still had not returned with traffic and that several launches had to be delayed. This has obviously hurt Fastly's quarter and its full-year outlook.
That customer could have been Amazon, because by the end of August, 35% of static traffic on Amazon was served by Fastly, up from 0% at the start of that month. At the time of writing this article, 28% of static traffic on Amazon is served by Fastly. This is good news because Fastly's model is usage base, so Q3 might be looking better than Q2.
Source Fool.com
