Advertisement
UK markets closed
  • NIKKEI 225

    38,073.98
    -128.39 (-0.34%)
     
  • HANG SENG

    18,537.81
    +223.95 (+1.22%)
     
  • CRUDE OIL

    79.45
    +0.46 (+0.58%)
     
  • GOLD FUTURES

    2,343.40
    +21.10 (+0.91%)
     
  • DOW

    39,368.81
    +312.42 (+0.80%)
     
  • Bitcoin GBP

    49,690.48
    -195.46 (-0.39%)
     
  • CMC Crypto 200

    1,337.06
    +36.97 (+2.84%)
     
  • NASDAQ Composite

    16,354.46
    +51.70 (+0.32%)
     
  • UK FTSE All Share

    4,558.37
    +14.13 (+0.31%)
     

Why Fastly and Cloudflare Shares Jumped Today (and Akamai Ticked Higher)

Why Fastly and Cloudflare Shares Jumped Today (and Akamai Ticked Higher)

Shares of content delivery network (CDN) providers Fastly (NYSE: FSLY), Cloudflare (NYSE: NET), and Akamai Technologies (NASDAQ: AKAM) were all trading higher Wednesday. Fastly and Cloudflare in particular had jumped sharply, up 7% and 6%, respectively, as of 1:10 p.m. EDT; Akamai was up about 1% as of this writing. The tech stocks were likely up for two main reasons: a bullish day in the overall market (particularly for tech stocks) and a note from a Piper Sandler analyst saying a new security feature from Apple (NASDAQ: AAPL) could benefit CDN specialists Fastly, Cloudflare, and Akamai.