Shares of software companies, including Fastly Inc FSLY, are trading higher in sympathy with PagerDuty Inc PD, which gained following a strong third-quarter earnings report.
PagerDuty reported quarterly losses of 7 cents per share which beat the analyst consensus estimate of a loss of 9 cents per share. The company also reported quarterly sales of $72 million which beat the analyst consensus estimate of $70.04 million by 2.8%.
See Also: What's Going On With Insignia Systems Stock Today?
Fastly operates a content delivery network (CDN), which is necessary for entities to provide faster and more reliable online content. Fastly's strategy differs from traditional CDNs, which focused on locating servers in as many locations as possible to store copies of files that consumers most use.
Fastly has a 52-week high of $122.75 and a 52-week low of $33.55.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
