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MarketScreener Homepage  >  Equities  >  Nyse  >  Fastly, Inc.    FSLY

FASTLY, INC.

(FSLY)
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Fastly : Lifts Veil on Real-Time Serverless Computing Performance With Logging, Tracing, and Metrics

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06/30/2020 | 08:54am EDT
Fastly Lifts Veil on Real-Time Serverless Computing Performance With Logging, Tracing, and Metrics

Fastly's heritage in observability now extends to its serverless compute environment, helping organizations inform mission-critical business decisions.

SAN FRANCISCO, Calif. (June 30, 2020) - Fastly, Inc. (NYSE: FSLY), provider of a global edge cloud platform, today announced the extension of its platform's observability features to its Compute@Edge serverless compute environment. These advancements include customizable logging, real-time and historical metrics, and newly-launched tracing, giving developers newfound transparency into what happens after code is deployed within a serverless architecture and unlocking mission-critical visibility needed to find and fix operational issues fast. Fastly's Compute@Edge helps companies build applications and execute code on its globally distributed infrastructure, at the edge of the internet, without any of the maintenance or headache of managing it directly.

'At Fastly, we think observability should go beyond logging and monitoring to also provide the context and data needed to answer crucial questions about serverless performance and, ultimately, an end user's experience,' said Tyler McMullen, CTO of Fastly. 'In addition to concerns about cold start times, observability has been a top apprehension with serverless among developers. With Compute@Edge, we solved for the first concern with a 100x faster startup time than any other solution in the market. Now, we're excited to solve the second by giving customers layers of observability critical for data-driven decision making and understanding core system performance.'

Compute@Edge accomplishes this level of observability by providing developers with:

  • Customizable Logging: Developers can send real-time logs to 27 supported endpoints and counting. Developers have access to automatically-exposed default log fields, and can also capture custom event details that meet their business needs. Having access to log data helps developers determine the root cause of a host of potential issues, from infrastructure to end-user.
  • Real-time and Historical Metrics: Compute@Edge surfaces rich metrics, such as CPU and RAM utilization, and lets developers explore that data as it happens, or in historical analysis. This increased visibility allows developers to better monitor application performance and react in real time to keep a site online, which can support revenue and a better end-user experience.
  • End-to-End Request Visibility: Compute@Edge honors request tracing parameters by maintaining them when they enter and leave the Fastly platform. Developers can tag individual end-user requests with unique identifiers, helping illuminate any blind spots in multi-technology infrastructures and providing details on the request's lifetime. Users can pass this information along to third-party systems like Datadog that help with data visualization, and to conduct further, tailored analysis.

'Serverless architecture has changed the game for operationalizing and managing product workloads,' said Ilan Rabinovitch, Vice President, Product & Community at Datadog, a monitoring and security platform for cloud applications, and a Fastly integration partner for data storage and analysis. 'As an integrated logging and data visualization partner, we're thrilled to be part of this advanced serverless offering that will enable a new generation of low latency applications. Our partnership will provide Compute@Edge users real-time visibility and insight into infrastructure and performance from edge to origin.'

Customers are testing use cases that range from content transformation at the edge, to identity enforcement, to enterprise-wide data loss prevention and data protection. RVU, the UK's leading resource for market comparison sites and apps such as Uswitch, Money, and Bankrate, is encouraged by the observability built into Compute@Edge's development experience. 'Fastly's new Compute@Edge offering aligns with RVU's vision for the future and our team is excited to leverage the data and deeper insights into performance that it provides,' said Tom Booth, Head of Infrastructure and Security at RVU. 'In addition to the broad benefits of externalizing business logic to the edge, having more visibility and scalability are critical to our workflows and business processes, and from our experience so far, we see promise that these capabilities are finally attainable through serverless technology.'

To learn more about Fastly's Compute@Edge beta program and observability capabilities, read its latest blog, and keep an eye on Fastly's newly launched Developer Hub for additional resources. Developers and businesses interested in being part of the beta can sign up for details by visiting https://www.fastly.com/products/edge-compute/serverless.

About Fastly

Fastly helps people stay better connected with the things they love. Fastly's edge cloud platform enables customers to create great digital experiences quickly, securely, and reliably by processing, serving, and securing our customers' applications as close to their end-users as possible - at the edge of the Internet. The platform is designed to take advantage of the modern internet, to be programmable, and to support agile software development. Fastly's customers include many of the world's most prominent companies, including Vimeo, Pinterest, The New York Times, and GitHub.

This press release contains 'forward-looking' statements that are based on Fastly's beliefs and assumptions and on information currently available to Fastly on the date of this press release. Forward-looking statements may involve known and unknown risks, uncertainties, and other factors that may cause its actual results, performance, or achievements to be materially different from those expressed or implied by the forward-looking statements. These statements include, but are not limited to, those regarding the ability of developers to build applications and execute code at the edge without direct management, the expected benefits of observability, customizable logging, real-time and historical metrics, and request tracing and the ability of users to realize these benefits, the impact to end-user experiences and revenue through insights provided by Fastly's partnership with Datadog, the attainment of visibility and scalability, the speed, security and computing capabilities of Fastly's Compute@Edge environment, the development of innovative use cases, and the evolution of Compute@Edge in the market. Except as required by law, Fastly assumes no obligation to update these forward-looking statements publicly, or to update the reasons actual results could differ materially from those anticipated in the forward-looking statements, even if new information becomes available in the future. Important factors that could cause Fastly's actual results to differ materially are detailed from time to time in the reports Fastly files with the Securities and Exchange Commission (SEC), including in its Quarterly Report on Form 10-Q for the quarter ended March 31, 2020. Copies of reports filed with the SEC are posted on Fastly's website and are available from Fastly without charge.

Disclaimer

Fastly Inc. published this content on 30 June 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 June 2020 12:53:08 UTC

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Financials (USD)
Sales 2020 297 M - -
Net income 2020 -50,4 M - -
Net cash 2020 340 M - -
P/E ratio 2020 -152x
Yield 2020 -
Capitalization 8 047 M 8 047 M -
EV / Sales 2020 26,0x
EV / Sales 2021 19,6x
Nbr of Employees 717
Free-Float 77,8%
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Mean consensus OUTPERFORM
Number of Analysts 11
Average target price 93,25 $
Last Close Price 76,61 $
Spread / Highest target 39,7%
Spread / Average Target 21,7%
Spread / Lowest Target -24,3%
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NameTitle
Joshua Bixby Chief Executive Officer & Director
Artur Bergman Executive Chairman & Chief Architect
William Kaufmann Chief Operating Officer
Adriel G. Lares Chief Financial Officer
Tyler McMullen Chief Technology Officer
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