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Why Fastly Stock Is Up Today


Shares of Fastly (NYSE: FSLY) were gaining today on no company-specific news. The tech stock may be moving higher today after a positive investor note yesterday said that Fastly could benefit from content delivery opportunities from a service that Apple plans to launch in the fall.

The tech stock was up by 5% as of 12:34 p.m. EDT.

Piper Sandler analyst James Fish said that Apple's new iCloud Private Relay, a security feature for iCloud subscriptions, could provide new revenue for content delivery network (CDN) companies, including Fastly and some of its competitors.

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Source Fool.com

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