Fastly: Fear Creates Opportunity (Rating Upgrade)

pingingz Shares of Fastly (NYSE:FSLY) were down 30% after the cloud-edge computing company reported results for its first-quarter and disappointed the market with a weak revenue forecast for Q2'24. The market very likely overreacted to the company's top-line outlook, in my opinion, and with a promising margin trend, I believe investors have been overly focused on the negatives in Fastly's earnings report. With growing GAAP margins and still double-digit top-line momentum expected for FY 2024, I believe the ...