Fastly: Why Margin Convergence With Cloudflare Justifies A Multiple Re-Rating

Core Insights - Fastly (FSLY) has successfully expanded its security vertical, leading to improved margins and overall business growth [1]. Business Overview - Fastly is focusing on enhancing its security offerings, which has contributed to its financial performance [1]. Financial Performance - The expansion into the security vertical has resulted in margin expansion for Fastly, indicating a positive trend in profitability [1]. Valuation Perspective - The article discusses the valuation of Fastly and presents a rationale for the author's investment stance [1].