FSLY trade ideas
Short $FSLYSummary
Fastly, Inc. has developed a cloud platform that aims to be as close as possible to the end-users.
Investors who acquired shares at $16, $15, or even lower should be now celebrating the stock returns. They doubled their money in less than four months.
In our opinion, several indicators are suggesting that this name is now a Sell.
We don't believe Fastly should trade at 16x sales with 37% revenue growth.
The Dollar-Based Net Expansion Rate was lower on June 30, 2019 than that on June 30, 2018.
FSLY High-flying IPO looking to cool off before the next moveFSLY has generated a lot of buzz this week. Is it a good buy now? Here are my thoughts
Analysts Love cloud specialist Fastly------TARGET PRICE $32.50------ENTRY LEVEL $25.50-------.
BELOW $25 SUPPORT LOST, TIGHT STOP LOSS.
Source Motley Fool
On Aug. 9, following the company's second-quarter update, Stifel analyst Brad Reback reiterated a buy rating on the stock, noting its attractive valuation. On the same day, Baird analyst William Power reiterated his outperform rating, noting that the stock's pullback after its second-quarter update was a buying opportunity. Last Wednesday, Piper Jaffray analyst James Fish initiated the tech stock with an overweight rating.
Fastly's second-quarter results earlier this month marked the company's first quarterly report as a public company. Revenue during the period increased 34% year over year to $46 million, and its non-GAAP (adjusted) loss per share narrowed from $0.20 in the year-ago quarter to $0.16.
From the dotcom 2.0 department: FSLYLet's give it a bit of time to marinate in Trade War juice. Should be easy money unless the music suddenly and abruptly stops.
