Financial PerformanceFastly reported solid Q3 results, including upside to revenue and profitability, with adjusted gross margins of 57.7% beating estimates and improving from a year ago.
Industry PositionFastly, Inc. benefits from the consolidation of the CDN sector, reducing competition from six to three key players, positioning itself as a premium provider.
Revenue GrowthFastly is expected to capture $40M in revenue following Edgio's bankruptcy, which should benefit the company significantly.