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…
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…
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…
Summary Fastly reported the results of its Q2 last week. The results were a major upside in terms of both revenues and earnings. The company’s guidance was an upside as well. Fastly is one of the leaders in Edge Computing, an important paradigm which is expected to enjoy a CAGR of near 40% for the…
Earlier today a subscriber wrote to me regarding whether I though the share price action of Fastly was surreal. Another subscriber advised me that an investment discussion board was carrying a comment to the effect that Fastly had raised its growth guidance to 60%. As subscribers know, we have a relatively significant position in Fastly…
Fastly shares are up a bit more than 3% as of noon as I write this-although the shares have pulled back from earlier highs. That may not seem so unusual until readers contemplate that the company announced a secondary last evening. The secondary is not a really worrisome thing. In my view it is another…
Fastly (FSLY) Speeds Up; Avalara’s valuation starts to exceed its relative value. Last week was the apogee of earnings season, although there will be a few names of interest reporting this week. We continue to comment on names in our high-growth portfolio that have reported. As we clear the backlog of comments, we will catch…
I prefer to take a little bit of time before rushing into print with some kind of analysis of a quarterly earnings report. I like to read transcripts of conference calls, as well as listen to the calls, as it is almost inevitable that I miss nuances or data nuggets or both. But it takes…
Summary Fastly is one of the creators of the edge computing paradigm. This paradigm is shaking up the world of legacy CDN providers. Fastly makes the internet faster for its users and fast is what most end-users want. The company has had a checkered share price history since its IPO back in May. Piper Jaffrey…
Fastly shares have been on a tear lately. The issue is almost entirely one of supply and demand. Today, the shares gave back a little of the huge move, based on a report from Piper Jaffrey. I would like to take credit for prescience-but sadly I cannot. The move, for the most part, relates to…