Jakson25811 Aug, 2022Technology
According to a new market research report, edge computing is expected to be worth around $87 billion by 2026 with a compound annual growth rate (CAGR) of 19%. Given such growth potential, investors can purchase FSLY shares at a moderate valuation. It currently hovers around $49, down 45% year-to-date (YTD). Fastly shares are about 60% lower than their peak in late Jan, trading at 17.1x trailing sales.
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