Electronic Arts Inc. (NASDAQ:EA) Morgan Stanley Technology, Media & Telecom Conference March 6, 2024 3:35 PM ET Company Participants Andrew Wilson - CEO Conference Call Participants Matt Cost - Morgan Stanley Matt Cost Hello, everyone. Thanks for being here. My name is Matt Cost from Morgan Stanley U.S. Internet team. Thrilled to be joined by Andrew Wilson, the CEO of EA. Thank you so much for being here. Andrew Wilson Thanks for having me. Matt Cost I have to quickly go through the disclosures. Please no ...

Arista Networks, Inc. (NYSE:ANET) Morgan Stanley Technology, Media and Telecom Conference Call March 6, 2024 1:15 PM ET Company Participants Jayshree Ullal - CEO Chantelle Breithaupt - CFO Conference Call Participants Meta Marshall - Morgan Stanley Meta Marshall I'll just read some brief disclosures. If you need to see any disclosures, please check out morganstanley.com/researchdisclosures or talk to your Morgan Stanley sales representative. For those who don't know me, the least important person on the sta ...

Summary of Fastly, Inc. Conference Call Company Overview - **Company**: Fastly, Inc. (NYSE: FSLY) - **Date**: March 6, 2024 - **Participants**: Todd Nightingale (CEO), Ron Kisling (CFO), Sanjit Singh (Morgan Stanley Analyst) Key Points Financial Performance - Fastly reported Q4 results that were slightly below expectations, leading to a nearly 40% drop in stock price [2][3] - Revenue miss was $1.5 million, which was considered relatively small but significant enough to impact market perception [4] - Gross margins improved significantly, reaching over 59% with a target of 60% in 2024, indicating a strong focus on profitability [4][8] - Positive cash flow and a positive EPS were noted, reflecting operational improvements [4] Strategic Initiatives - The company has undergone significant transformation, focusing on customer acquisition and growth, which may have been overshadowed by the revenue miss [4][6] - Fastly experienced the largest increase in enterprise customers since 2020, indicating a positive shift in customer acquisition strategy [6] - The strategy includes packaging and channel transformation to unify the platform and enhance customer experience [5][20] Executive Changes - Recent executive changes, including the appointment of Kip Compton as Chief Product Officer and Peter Alexander as Chief Marketing Officer, are expected to enhance the company's execution capabilities [14][17] - The focus on marketing efficiency and customer acquisition is seen as a key driver for growth [16] Market Position and Competitive Landscape - Fastly is positioning itself as a comprehensive edge platform, integrating content delivery, security, compute, and observability services [22][39] - The company is witnessing a market shift towards strategic partnerships rather than point solutions, which aligns with its platform unification strategy [22][39] - The exit of competitors from the market is expected to support pricing stability in the content delivery space [36] Security Portfolio - Fastly's security offerings, including DDoS prevention and bot mitigation, are seen as critical for future growth, with plans to disclose security revenue holistically [25][27] - The company aims to expand its security capabilities to meet customer expectations and increase wallet share [26][29] Edge Compute Opportunity - Fastly is heavily investing in edge compute, anticipating significant growth in this area over the next several years [44] - The focus on user experience and performance is driving demand for edge compute solutions, particularly among e-commerce players [41][42] Financial Outlook - Fastly aims to achieve $800 million to $900 million in revenue with gross margins of 65% and operating margins of 7% by 2026 [46] - The company is targeting a 430 basis point improvement in operating margins for 2024, driven by operational efficiencies and strategic investments [48][49] Partnerships and Competition - Fastly views major cloud providers as partners rather than competitors, leveraging a hybrid cloud architecture to enhance user experience [52] - The company is focused on platform convergence in the edge computing space, positioning itself to capitalize on market trends [53] Additional Insights - The transition to a unified platform is expected to lower customer acquisition friction and improve overall user experience [23] - Fastly's approach to packaging is designed to simplify customer onboarding and drive predictable revenue outcomes [34][35] This summary encapsulates the key insights and strategic directions discussed during the conference call, highlighting Fastly's focus on growth, operational efficiency, and market positioning.

Editas Medicine, Inc. (NASDAQ:EDIT) TD Cowen 44th Annual Healthcare Conference March 4, 2024 12:50 PM ET Company Participants Gilmore O'Neill - CEO Erick Lucera - CFO Conference Call Participants Phil Nadeau - TD Cowen Phil Nadeau Good afternoon and welcome once again to TD Cowen’s 44th Annual Healthcare Conference. I'm Phil Nadeau, one of Cowen’s biotech analysts, and it's my pleasure to moderate a fireside chat with Editas. We have with us today, Gilmore O'Neill, CEO and Erick Lucera, CFO. Hand it over ...

Novavax, Inc. (NASDAQ:NVAX) TD Cowen's 44th Annual Health Care Conference Call March 6, 2024 1:30 PM ET Company Participants John Jacobs - President and Chief Executive Officer Filip Dubovsky - President, Research and Development Jim Kelly - Executive Vice President, Chief Financial Officer and Treasurer Conference Call Participants Brendan Smith - TD Cowen Brendan Smith All right. I think it's about 1:30, so we'll get started. All right. Well, once again, I know it's late in the afternoon, or getting late ...

Okta, Inc. (NASDAQ:OKTA) KeyBanc Capital Markets 2024 Emerging Technology Summit March 6, 2024 12:30 PM ET Company Participants Monty Gray - EVP, Corporate Development Conference Call Participants Eric Heath - KeyBanc Capital Markets Inc. Eric Heath All right. So welcome, everybody. Thanks for joining our fireside chat here with Okta today. I'm Eric Heath, senior software analyst here at KeyBanc. So Monty, I really appreciate you doing this. Monty Gray Yeah. Thanks for having me. Question-and-Answer Session ...

Bank of America Corporation (NYSE:BAC) RBC Capital Markets Financial Institutions Conference March 6, 2024 2:00 PM ET Company Participants Alastair Borthwick - CFO Conference Call Participants Gerard Cassidy - RBC Capital Markets Gerard Cassidy The company really doesn't need an introduction, nor does Alastair to my left. But Bank of America, as we all know, is the second largest commercial bank in the United States has assets of about $3.2 trillion. It has over -- close to 3,800 branches around the country ...

Comcast Corporation (NASDAQ:CMCSA) Morgan Stanley Technology, Media & Telecom Conference March 6, 2024 11:45 AM ET Company Participants Jason Armstrong - Chief Financial Officer Conference Call Participants Ben Swinburne - Morgan Stanley Ben Swinburne Okay. Good morning, everybody. I'm Ben Swinburne, Morgan Stanley's Media, Entertainment and Cable Satellite analyst. Quick disclosure statement, which is here. For important disclosures, please see the Morgan Stanley research disclosure website at morganstanle ...

Regeneron Pharmaceuticals, Inc. (NASDAQ:REGN) TD Cowen 44th Annual Health Care Conference March 6, 2024 11:10 AM ET Company Participants Marion McCourt - EVP of Commercial Ryan Crowe - SVP and Head of IR Conference Call Participants Tyler Van Buren - TD Cowen Tyler Van Buren All right. Good morning, everyone. Thanks again for being here at the TD Cowen 44th Annual Healthcare Conference Day 3. My name is Tyler Van Buren, your senior biotech analyst at TD Cowen. For the next session, we have a fireside chat w ...

Paramount Global (NASDAQ:PARA) Morgan Stanley Technology, Media and Telecom Conference March 6, 2024 11:00 AM ET Company Participants Naveen Chopra - Executive VP & CFO Conference Call Participants Benjamin Swinburne - Morgan Stanley Benjamin Swinburne Good morning, everybody. I'm Ben Swinburne, Morgan Stanley's media and entertainment analyst. A quick disclosure, please note that important disclosures, including my personal holdings disclosures and Morgan Stanley disclosures, all appear as a handout availa ...