Here’s an opportunity for the investors to invest in the best edge computing stocks that fit into your portfolio
Both Akamai and Fastly are cloud-based software-as-a-service (SaaS) companies that grew to all-time high market capitalizations in the aftermath of the global pandemic. Analysts believe technology stocks could be a safe bet as the world moves forward with virtual work. But which is the better buy for edge computing stocks?
Akamai Technologies, Inc. provides cloud and edge services for securing, delivering, and optimizing content and business applications over the internet in the United States and internationally. The company offers cloud solutions to keep infrastructure, websites, applications, application programming interfaces, and users safe from various cyberattacks and online threats while enhancing performance. Its current edge computing stock is US$118.76, a 1.38% rise from the previous close.
Fastly, Inc. operates an edge cloud platform for processing, serving, and securing its customer’s applications in the United States, the Asia Pacific, Europe, and internationally. The edge cloud is a category of Infrastructure as a Service that enables developers to build, secure, and deliver digital experiences at the edge of the internet. It is a programmable platform designed for web and application delivery. Its current edge computing stock is US$18.10, a 6.35% rise from the previous close.
Akamai and Fastly became the stunner in the wake of the coronavirus pandemic. Users rushed to the internet, which is filled with data-heavy games, videos, and other streams that hog bandwidth. Speed is the key to victory, and these CDNs keep everything from your homeschool to work and play running smoothly and lag-free. As companies continue relying on connected technology, both companies are likely to become essential. They’re also well priced, due to tepid investor interest. This represents an opportunity for bullish investors to get in cheap, so long as you know which one fits into your portfolio.
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