Beaten down cloud software stock Fastly (NYSE: FSLY) has actually notched an impressive rebound in 2023, up some 80% so far this year. Fastly operates a type of "next-gen" content delivery network (CDN), data centers located in strategic locations around the world that deliver internet content to end users. In addition to these CDN services, Fastly provides security, cloud observability, and compute at the "network edge" (within a small data center close to the end user).
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