Where Will Fastly Be in 5 Years?
Fastly's (NYSE: FSLY) edge cloud platform makes the internet faster by moving content and computing to the network edge (closer to where data is generated). The tech company's stock was up 335% in 2020, but Fastly still has room to run. In the next five years, as more devices connect to the internet, creating exponential amounts of data around the world, Fastly's platform should become increasingly necessary in delivering fast, secure digital content. Here's why Fastly looks like a smart long-term investment.
Fastly's data centers are strategically located in close proximity to users, making its edge cloud platform very good at two things: content delivery and edge computing. Fastly's content delivery network, or CDN, enables enterprises to deliver content like websites or streaming media from Fastly's servers, rather than their own. And Fastly's edge computing platform takes this a step further, actually processing data at the edge. This means developers can build applications on Fastly's edge servers, and those applications can rapidly process time-dependent data created by IoT sensors or other devices. In both cases, Fastly improves the experience for users (or devices) by reducing lag time, while also reducing infrastructure costs, increasing scalability, and improving security for its customers.
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Source Fool.com
