Fastly’s shares traded 17% during Friday’s trading session but closed 7,08% higher at 88,67. After a huge drop of about 40% during the October, Fastly has gained 56% but according to its technical studies it could be soared above $120 in the coming weeks. On Friday, there was rumors of a takeover from Cisco. Share prices have quadrupled in 2020 despite a firm downtrend in recent months. Uncertainty around one of Fastly's largest customers, the China-based social networking service TikTok, scooped out some of the gains Fastly posted amid explosive interest in remote work and video-streaming services in the spring.