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NYSE:FSLY

10.71
1.14 (9.62%) 1d
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Showing 1 to 13 of 13 entries
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SELL
It had the best internet technology to host clients. But business faded and they suffered a bad outage. Shares are down 75% from the peak. Can it be taken over?
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COMMENT
Forget "risk-off" trading. Rather, IPOs of 2020 came in way too hot and got burned; Covid stocks like Docusign are hammered; Chinese stocks are a train wreck; cryptos hit; specific retailers hit by supply shortages; and then there are cloud-based stocks trading at sky-high price-to-sale multiples. He's a fan of this group, but at ridiculous valuations. The cloud isn't dead, though. Inflation erodes the future value of these stocks. Also, these stocks are speculative, which tend to trade as a group; investors sell first and ask questions later. A few bad earnings can crush the entire group, like Twilio and Docusign. Salesforce actually reported strong results though a weak forecast. As a group, the cloud stock were down 33% on average, in a bear market. WIX and Fastly down the most, but are both good companies offering fine services. The cloud stocks peaked a long time ago, like Jan-Feb, like Zoom. Only 13 out of 50 of these stocks trade at less than 100x earnings! Ones with a lower valuation have done better than the higher ones during this rout. Even now, there's still expensive on a valuation basis.
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PAST TOP PICK
(A Top Pick Aug 19/20, Down 43%) He got stopped out. They report tonight. He's pretty sure that revenue growth may be slowing. Look for net revenue retention, gross margins, and capex.
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DON'T BUY
They blew it. Outages in that industry are causing pullbacks [there was an outage in June caused by a software bug]. Doesn't like Fastly.
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DON'T BUY
He left it because they had too many issues over who their customers, and tonight they lost their CFO and reported a bad quarter. He expects more downgrades tomorrow. Wished he had better news.
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BUY

He likes it, but it's caught up in the Zoom-Peloton trade. It's a high-multiple stock, but he wouldn't sell it. It has room to run, maybe not all the way back to previous highs.

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BUY

An essential 5G play The next-gen content delivery network to help. The stock was cut in half last October when Trump cracked down on Fastly's biggest customer, TikTok. Things will likely change under Biden. Even without TikTok exposure, it's still worth buying. Time to take it out of the penalty box.

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DON'T BUY
A super expensive company. It had a decent, but not great quarter, and most of that rise was due to TikTok. FSLY is making a bottom. This is not a take-out candidate, no.
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DON'T BUY
A super expensive company. It had a decent, but not great quarter, and most of that rise was due to TikTok. FSLY is making a bottom. This is not a take-out candidate, no.
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BUY
A content delivery network. Is up 239% in the past 6 months, but lost 10% this week. It reported two weeks revenue weakness because their biggest customer is TikTok has been mired in Trump interference. This has been red hot during Covid.
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RISKY BUY
Cloud space has really exploded. But look at ones that are already producing money. Over time, revenue growth will come to this name. Can own, but put a stop loss on it. Relatively oversold, could be a trade. Lot of risk in the name. For more timid investors try CLOU, a diverse mix of cloud companies.
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BUY on WEAKNESS
It was once a hot stock. After hours today it lost 25% of its value. It's a next-generation content deliverer, the best in class. So, what happened? It's frothy, surging this month on no news or catalyst. The company warned on its Q3 revenue after today's close; its biggest customer TikTok's usage of Fastly did not meet expectations which slammed revenues, so the stocked pulled back. (Trump hates TikTok and this was a factor.). But this sell-off has gone too far. It's now a buying opportunity. In July, the stock rose too high and the target price fell. Fastly may very well sell off tomorrow or a few more days before it rebounds. History shows that is often rebounds. Buy it in the $70s.
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TOP PICK

Cloud computing services provider. Edge cloud platform provider, where both storage and resources are at the edge of the network instead of at the centre. One of biggest clients is Shopify. Another is TikTok, so there's been a pullback. He has a price target of $95. No dividend. (Analysts’ price target is $92.89)

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Showing 1 to 13 of 13 entries
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Fastly Inc.(FSLY-N) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 1

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 3

Total Signals / Votes : 4

Stockchase rating for Fastly Inc. is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Fastly Inc.(FSLY-N) Frequently Asked Questions

What is Fastly Inc. stock symbol?

Fastly Inc. is a American stock, trading under the symbol FSLY-N on the New York Stock Exchange (FSLY). It is usually referred to as NYSE:FSLY or FSLY-N

Is Fastly Inc. a buy or a sell?

In the last year, 4 stock analysts published opinions about FSLY-N. 1 analyst recommended to BUY the stock. 3 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Fastly Inc..

Is Fastly Inc. a good investment or a top pick?

Fastly Inc. was recommended as a Top Pick by on . Read the latest stock experts ratings for Fastly Inc..

Why is Fastly Inc. stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Fastly Inc. worth watching?

4 stock analysts on Stockchase covered Fastly Inc. In the last year. It is a trending stock that is worth watching.

What is Fastly Inc. stock price?

On 2022-05-24, Fastly Inc. (FSLY-N) stock closed at a price of $10.71.