Stock Track | Fastly Soars 5.09% as Key Competitor Edgio Shuts Down

Stock Track

Nov 21, 2024

Shares of Fastly, Inc. (FSLY) surged 5.09% in the intraday trading session on Thursday, as the company is seen as the biggest beneficiary from the shutdown of its primary competitor, Edgio (EGIO).

According to reports, Fastly's main rival in the content delivery network (CDN) space, Edgio, has announced its decision to shut down operations. This development is expected to benefit Fastly, as it will likely gain market share and attract customers previously served by Edgio.

Oppenheimer analyst Timothy Horan, while maintaining a Hold rating on Fastly, acknowledged the positive impact of Edgio's shutdown on Fastly's prospects. With a reduced competitive landscape, Fastly may have an opportunity to strengthen its position in the CDN market.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/1181033414"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1181033414\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1181033414?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-21 22:49","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1181033414","market":"hk","top_or_hot":-1,"title":"Stock Track | Fastly Soars 5.09% as Key Competitor Edgio Shuts Down","media":"Stock Track","content":"<p>Shares of Fastly, Inc. (FSLY) surged 5.09% in the intraday trading session on Thursday, as the company is seen as the biggest beneficiary from the shutdown of its primary competitor, Edgio (EGIO).</p>\n\n<p>According to reports, Fastly's main rival in the content delivery network (CDN) space, Edgio, has announced its decision to shut down operations. This development is expected to benefit Fastly, as it will likely gain market share and attract customers previously served by Edgio.</p>\n\n<p>Oppenheimer analyst Timothy Horan, while maintaining a Hold rating on Fastly, acknowledged the positive impact of Edgio's shutdown on Fastly's prospects. With a reduced competitive landscape, Fastly may have an opportunity to strengthen its position in the CDN market.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Fastly Soars 5.09% as Key Competitor Edgio Shuts Down</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Fastly Soars 5.09% as Key Competitor Edgio Shuts Down\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2024-11-21 22:49</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Shares of Fastly, Inc. (FSLY) surged 5.09% in the intraday trading session on Thursday, as the company is seen as the biggest beneficiary from the shutdown of its primary competitor, Edgio (EGIO).</p>\n\n<p>According to reports, Fastly's main rival in the content delivery network (CDN) space, Edgio, has announced its decision to shut down operations. This development is expected to benefit Fastly, as it will likely gain market share and attract customers previously served by Edgio.</p>\n\n<p>Oppenheimer analyst Timothy Horan, while maintaining a Hold rating on Fastly, acknowledged the positive impact of Edgio's shutdown on Fastly's prospects. With a reduced competitive landscape, Fastly may have an opportunity to strengthen its position in the CDN market.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FSLY","symbol_name":"Fastly, Inc.","start_time":0,"source_url":"","article_id":"1181033414","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1181033414","pubTimestamp":1732200573,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Fastly, Inc.  surged 5.09% in the intraday trading session on Thursday, as the company is seen as the biggest beneficiary from the shutdown of its primary competitor, Edgio .According to reports, Fastly's main rival in the content delivery network  space, Edgio, has announced its decision to shut down operations. This development is expected to benefit Fastly, as it will likely gain market share and attract customers previously served by Edgio.Oppenheimer analyst Timothy Horan, while m","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"FSLY":"Fastly, Inc."},"translate_title":"随着主要竞争对手Edgio关闭，股价快速飙升5.09%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FSLY":1},"content_text":"Shares of Fastly, Inc. (FSLY) surged 5.09% in the intraday trading session on Thursday, as the company is seen as the biggest beneficiary from the shutdown of its primary competitor, Edgio (EGIO).\nAccording to reports, Fastly's main rival in the content delivery network (CDN) space, Edgio, has announced its decision to shut down operations. This development is expected to benefit Fastly, as it will likely gain market share and attract customers previously served by Edgio.\nOppenheimer analyst Timothy Horan, while maintaining a Hold rating on Fastly, acknowledged the positive impact of Edgio's shutdown on Fastly's prospects. With a reduced competitive landscape, Fastly may have an opportunity to strengthen its position in the CDN market.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}