What happened Shares of Fastly (NYSE: FSLY) were gaining today on no company-specific news. The tech stock may be moving higher today after a positive investor note yesterday said that Fastly could benefit from content delivery opportunities from a service that Apple plans to launch in the fall. The tech stock was up by 5% as of 12:34 p.m. EDT. So what Piper Sandler analyst James Fish said that Apple's new iCloud Private Relay, a security feature for iCloud subscriptions, could provide new revenue for content delivery network (CDN) companies, including Fastly and some of its competitors. Image source: Getty Images. Apple's new service is meant to provide added privacy for users by prohibiting networks and servers from monitoring a user's activity. Sander believes that iCloud Private Relay opportunities could provide annual revenue of between $40 million to $74 million for CDN companies over the next five years. Investors may be jumping on this potentially good news as Fastly's share price has plummeted 45% over the past 12 months. Now what There's no guarantee that Fastly will benefit from this potential opportunity, of course, and investors may want to remain cautious about Fastly's stock right now. The company suffered a major outage in the second quarter, which took many high-profile websites offline and led to the company losing key customers. That hurt the company's second-quarter financials and management has said that it will impact Fastly third-quarter results as well. 10 stocks we like better than FastlyWhen our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the ten best stocks for investors to buy right now... and Fastly wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of August 9, 2021 Chris Neiger owns shares of Apple. The Motley Fool owns shares of and recommends Apple and Fastly. The Motley Fool recommends the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple. The Motley Fool has a disclosure policy.Source