Fastly’s (FSLY) shares have surged 68.8% in the past month, outperforming the broader Zacks Computer & Technology sector’s 5.8% return and the Zacks Internet - Software industry’s 7.9% growth.FSLY’s shares have also beat industry peers like Reddit (RDDT) , Blend Labs (BLND) and Gitlab (GTLB) .During the same period, shares of Reddit and Blend Labs have gained 23.1% and 1.4%, respectively, while GitLab stock has lost 2.9%.FSLY’s robust stock price performance has been driven by its impressive third-quarter 2 ...

Beaten-down stocks can, at first glance, look like an opportunity to buy in at a cheap price. However, stocks usually have a reason to be down significantly. Buying into these stocks can sometimes mean that a value trap has lured an investor. A value trap is where the decline in a stock’s price makes it feel undervalued, but in actuality, the business fundamentals support the decline in value. This can make investors think they are getting a good deal, but the shares never recover or continue declining. In ...

Company and Industry Overview * **Company**: Fastly, Inc. (NYSE:FSLY) * **Industry**: Cloud Computing, Content Delivery Network (CDN), Edge Computing, Security Key Points and Arguments 1. **Platform Evolution**: Fastly has focused on broadening its platform functionality, unifying solutions, and offering a complete edge solution including content delivery, security, observability, and edge compute [5]. 2. **Customer Diversification**: Fastly aims to diversify its business beyond large media customers, targeting verticals like e-commerce, high tech, transportation, retail, healthcare, and hospitality [10]. 3. **Growth Dynamics**: Outside the top 10 customers, the segment grew 20% year-over-year in Q3, driven by share gains and higher attach rates of various products [9]. 4. **Media Customer Challenges**: Fastly faced volatility in large media customers, but implemented a high-touch customer success motion to address their needs and improve profitability [11]. 5. **Edgio Bankruptcy**: The bankruptcy of Edgio presents an opportunity for Fastly to capture traffic and contracts, potentially accelerating growth in the large media sector [15]. 6. **New Chief Revenue Officer**: Scott Lovett, with experience from Imperva, Akamai, and Cisco, has been instrumental in driving customer acquisition and focusing on security [19]. 7. **Security Focus**: Fastly has invested in security offerings, including DDoS protection, bot mitigation, and web application firewalls, aiming to become a one-stop solution for edge security [26]. 8. **Compute Opportunities**: Fastly's compute architecture focuses on serverless solutions using WebAssembly, offering high performance and developer flexibility [47]. 9. **AI Accelerator**: Fastly launched the AI Accelerator, a product designed to improve user experience for chatbots by reducing latency and costs [50]. Other Important Content * **Financials**: Fastly has repurchased a significant portion of its debt, resulting in a net cash position of over $100 million for the 2024 maturity [37]. * **Operating Margin**: Fastly aims to achieve 35% to 40% incremental operating margin on incremental revenue, driven by organizational efficiency and strategic investments [40]. * **Gross Margin**: Fastly targets 75% to 80% incremental gross margin, supported by scale and revenue from security and compute [41]. * **Free Cash Flow**: Fastly expects to achieve free cash flow breakeven in 2025, despite taking on additional interest expense [43].

After reaching an important support level, Fastly (FSLY) could be a good stock pick from a technical perspective. FSLY surpassed resistance at the 200-day moving average, suggesting a long-term bullish trend.The 200-day simple moving average is a useful tool for traders and analysts, establishing market trends for stocks, commodities, indexes, and other financial instruments over the long term. The marker moves higher or lower along with longer-term price moves, and serves as a support or resistance level.F ...

An analyst upgrade was the news pushing Fastly's (FSLY 16.39%) stock more than 16% higher as the last trading month of the year kicked off on Monday. That made the content delivery network (CDN) specialist quite the outperformer on the market, as the S&P 500 index only managed a 0.2% gain on the day.A likely beneficiary of a rival's stumblesThe person behind the upgrade was Oppenheimer's Tim Horan, who now believes Fastly is an outperform (read: buy) where previously he rated it merely a perform (hold). Hor ...

Fastly (FSLY) shares have declined 52.4% year to date (YTD), underperforming the broader Zacks Computer & Technology sector’s appreciation of 28.1% and the Zacks Internet Software industry’s return of 32.5%.FSLY shares have also underperformed industry peers like Innovid (CTV) , Toast (TOST) and Fortinet (FTNT) , which have returned 102.6%, 138.4% and 62.4%, respectively, YTD.FSLY shares’ subpar performance can be attributed to challenging macroeconomic uncertainties and revenue declines from some of Fastly ...

From a technical perspective, Fastly (FSLY) is looking like an interesting pick, as it just reached a key level of support. FSLY recently overtook the 20-day moving average, and this suggests a short-term bullish trend.A well-liked tool among traders, the 20-day simple moving average offers a look back at a stock's price over a 20-day period. This is very beneficial to short-term traders, as it smooths out short-term price trends and gives more trend reversal signals than longer-term moving averages.The 20- ...

After reaching an important support level, Fastly (FSLY) could be a good stock pick from a technical perspective. FSLY surpassed resistance at the 50-day moving average, suggesting a short-term bullish trend.The 50-day simple moving average is one of three major moving averages used by traders and analysts to determine support or resistance levels for a wide range of securities. But the 50-day is considered to be more important because it's the first marker of an up or down trend.FSLY could be on the verge ...

Fastly, Inc. (NYSE:FSLY) RBC Capital Markets Global Technology, Internet, Media and Telecommunications Conference November 19, 2024 10:40 AM ET Company Participants Ron Kisling - CFO Vernon Essi - IR Conference Call Participants Rishi Jaluria - RBC Capital Markets Rishi Jaluria Welcome back everyone. I'm Rishi Jaluria, cover software here at RBC. I'm delighted to have with me from Fastly, Ron Kisling, who's the CFO; and Vernon Essi who leads IR. Guys, thank you so much for being here. Ron Kisling Thank yo ...

2024 has been a wild ride in the stock market so far, with the S&P 500 holding on to a ~25% gain: but underneath the enthusiasm, it has also been a market of big winners and big losers this year.With combined experience of covering technology companies on Wall Street and working in Silicon Valley, and serving as an outside adviser to several seed-round startups, Gary Alexander has exposure to many of the themes shaping the industry today. He has been a regular contributor on Seeking Alpha since 2017. He has ...