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FSLY

Fastly

$22.50 /

-0.8 (-3.43%)

06:32
02/03/20
02/03
06:32
02/03/20
06:32

Fastly Super Bowl sales rose 10%-15% year-over-year, says Piper Sandler

The Super Bowl provided another data point for the content delivery network space, and for Fastly specifically, Piper Sandler analyst James Fish tells investors in a research note. The Fastly network was running 37% and 32% higher in terms of data usage relative to the 2019 Super Bowl and entering Super Bowl Sunday 2020, respectively, Fish says. With annual pricing declines in the space of 20%-30%, he believes the event gave Fastly a 10%-15% year-over-year boost in revenue. Over-the-top is gaining traffic over cable and Fastly continues to execute well and gain with its largest customers, contends the analyst. Fish maintains an Overweight rating on Fastly shares with a $24 price target.

  • 20

    Feb

FSLY Fastly
$22.50 /

-0.8 (-3.43%)

01/02/20
Fly Intel: Top five analyst upgrades
01/02/20 Piper Sandler
Fastly upgraded to Overweight from Neutral at Piper Jaffray
10/11/19 Piper Sandler
Fastly downgraded to Neutral from Overweight at Piper Jaffray
10/11/19 Piper Sandler
Fastly downgraded to Neutral from Overweight at Piper Jaffray

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/

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