Is Fastly Losing the Edge Against Cloudflare in the Growing Edge Computing Market?

Thursday, 14 March 2024, 11:10
Fastly (NYSE: FSLY) is facing challenges in achieving growth in the booming edge computing industry. Despite a potential growth story, the company is lagging behind Cloudflare (NYSE: NET) in revenue, gross margin, and free cash flow. With Cloudflare outclassing Fastly in innovation and customer acquisition, the stock's long-term prospects may be in jeopardy.
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Is Fastly Losing the Edge Against Cloudflare in the Growing Edge Computing Market?

Living in the shadow of Cloudflare

The 800-pound gorilla of the edge computing market is Cloudflare (NYSE: NET). While Fastly struggles to grow, Cloudflare continues to excel in winning new customers, reporting higher revenue growth and gross margin.

Sluggish growth ahead

Fastly's 2024 guidance indicates slower growth compared to Cloudflare, raising concerns about its competitiveness and market position. As Cloudflare outshines Fastly in innovation and user engagement, the stock may face challenges in the long term.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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