FSLY

Summary Fastly reported its Q1 earnings on May 5th. Quarterly results were a small beat. The Q2 outlook was below the consensus, the full year estimate for revenue growth was increased. The shares plunged 27% after the release of the earnings report and they are now down 40% since early March. Investors and commentators are…

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Earnings season got underway in earnest last week. It was not a great week for the software names. The IGV fell a couple of percent and the CLOU index was unchanged. The CLOU index benefited significantly from the announcement that one of its heavily weighted constituents, Proofpoint, is being acquired by the PE firm, Thomas…

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Summary Fastly reported its year end results and provided forward guidance on 2/17/2021. The quarterly results were a modest beat; the guidance was considered disappointing. The company is forecasting 32% growth for the year which includes about 400 basis points from the acquisition of Signal Sciences. The forecast includes headwinds from the revenue decline of…

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Several subscribers have asked me to comment about the share price implosion in the IT space this past week and what names can be bought to take advantage of this panic. I do think that this is a panic that presents some opportunities for subscribers with spare cash. The concept of this panicis is that…

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We added 400 shares of Fastly to our high-growth portfolio this morning at a price of $70.49. The cost of this purchase was $28,196 and this reduced the cash balance to $159. We took advantage of this morning’s share price pullback of the shares of company’s whose business has benefitted from demand vectors created by…

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Summary Fastly shares after peaking in mid-October are down by 42%. The shares declined based on a quarterly miss in terms of revenue and earnings and a guide-down for the current quarter. Most of the miss was a function of issues with the company’s largest customer TikTok that had nothing to do with Fastly’s technology…

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First, I want to apologize to subscribers for our inability to send out the post last night. We are in the process of upgrading our email service provider and that resulted in the delay. We hope by upgrading to provide faster service going forward-obviously we wanted to have sent out last night’s post, last night…

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Fastly, in conjunction with an acquisition the acquisition of Signal Sciences on October 1st filed an S-3 this afternoon. The S-3 embodied the preliminary results for the quarter that ended 9/30. The results were disappointing-at least compared to prior expectations-and left some significant unanswered questions. The company reported that its largest customer, Tik-Tok had curtailed the…

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