What happened Shares of edge computing specialist Fastly (NYSE: FSLY) took a hit on Wednesday, falling as much as 4.3%. As of 1:15 p.m. EDT, however, shares were down 3.9%. The stock's pullback was likely primarily driven by a bearish day for the market overall, especially for growth tech stocks like Fastly. Image source: Getty Images. So what Capturing the market's pessimism on Wednesday, the S&P 500 was down 0.3% at the time of this writing. The tech-heavy Nasdaq Composite, however, was down 0.7%. Interestingly, the stock's gain comes as an analyst is corroborating another analyst's prediction that Fastly could benefit from a new Apple iOS security feature for iCloud called Private Relay. Evercore ISI analyst Amit Daryanani says he thinks Apple has partnered with Fastly, along with content delivery network (CDN) providers Akamai (NASDAQ: AKAM) and Cloudflare (NYSE: NET), on Apple's new Private Relay security feature. However, Daryanani is uncertain about the degree to which each company is partnering with Apple. Now what Meanwhile, Fastly is struggling with a narrative of decelerating revenue growth as the edge computing company faces tough year-ago comparisons and recently endured a brief but major outage on its platform. Revenue growth, however, should start picking back up as the year progresses. 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 Daniel Sparks has no position in any of the stocks mentioned. His clients may own shares of the companies mentioned. The Motley Fool owns shares of and recommends Cloudflare, Inc. and Fastly. The Motley Fool has a disclosure policy.Source