Fastly is a provider of cloud-computing services. Its edge cloud platform enables developers to run, secure, and deliver websites and applications. Fastly, together with Cloudlare, F5, Fortinet, and Barracuda, are disruptors in the field of web application firewalls. Other players in the field are Akamai and Imperva (leaders), Radware and Signal Sciences (visionaries), as well as Amazon Web Services (Amazon) and Microsoft which act as niche players.
On the back of the potential TikTok business, most analysts lowered the firm’s price target price by about 15% to 20 %. FSLY has a clear differentiation and adding services of signal sciences to its platform should provide additional business momentum.