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Here's Why Fastly Stock Is Soaring Today

Here's Why Fastly Stock Is Soaring Today

Shares of content delivery expert Fastly (NYSE: FSLY) traded 17% higher at 12:30 p.m. EST, bringing the stock back to prices not seen since the middle of October. This boost is based on rumors of buyout interest from networking giant Cisco Systems (NASDAQ: CSCO). Street Insider reported "vague takeover chatter" between Fastly and Cisco this morning, sparking an immediate uptick in Fastly's share prices.