101.00 -1.72 (-1.67%)
Before hours: 4:56AM EDT
|Bid||102.00 x 900|
|Ask||102.39 x 1200|
|Day's range||94.50 - 102.95|
|52-week range||10.63 - 102.95|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Earnings date||05 Aug 2020|
|Forward dividend & yield||N/A (N/A)|
|1y target est||46.13|
The stock rose nearly 7% as of 3:10 EDT. The stock's move higher was likely primarily fueled by momentum. Investors have shown an incredible appetite for Fastly stock since the company reported first-quarter results that blew away expectations.
Is (FSLY) Outperforming Other Computer and Technology Stocks This Year?
Earlier this year, you probably wouldn't have guessed that Fastly (NYSE: FSLY) was a monster stock in the making. Over a period of just 25 days between mid-February and mid-March, Fastly lost more than 50% of its value. After such unprecedented gains, should investors consider adding Fastly stock to their portfolios right now, or has that ship already sailed?
Cloud computing stocks have held up very well during the coronavirus crisis, as enterprises across the globe accelerate their transition to remote operations and e-commerce. With more people than ever needing to access information remotely, Fastly (NYSE: FSLY) has seen demand for its content delivery network services rise dramatically. Fastly's stock doubled in just four weeks during June and early July, and investors appear more excited than ever about the company's ability to capitalize on its edge cloud computing expertise.
Explosive revenue growth and exposure to attractive markets don't turn these stocks into investment opportunities.
This cloud service provider's stock is up by more than 650% in less than four months. Is the stock a safe bet?
The content delivery and edge computing specialist is being propelled by our suddenly heavier demand for cloud computing power.
Many simply don't have sufficient growth opportunities. Here are three growth stocks you can buy right now that could make you crazy rich over the long run. Alteryx (NYSE: AYX) provides a solution for this all-too-common scenario.
Despite the market volatility, shares in Fastly Inc (NYQ:FSLY) have been in an uptrend in recent months. The question now for investors is whether that price s...
Additionally, we live in disruptive times, and a new set of digital-based businesses is quickly growing in importance -- if not overtaking old incumbent business operations. Paired with optimism around an eventual economic rebound, I've been scouring stocks for small companies that play in big industries, have long runways for growth in the next decade, and are still going largely unnoticed. Three stocks I plan to purchase in the next month are LiveRamp Holdings (NYSE: RAMP), Limelight Networks (NASDAQ: LLNW), and REPAY Holdings (NASDAQ: RPAY).
Shares of Fastly (NYSE: FSLY) have popped today, up by 8% as of noon EDT, after the company announced new observability features. The edge cloud tech platform will also provide real-time and historical metrics, improving visibility and performance monitoring. "At Fastly, we think observability should go beyond logging and monitoring to also provide the context and data needed to answer crucial questions about serverless performance and, ultimately, an end user's experience," CTO Tyler McMullen said in a statement.
Does Fastly (FSLY) have what it takes to be a top stock pick for momentum investors? Let's find out.
Fastly today announced the extension of its platform’s observability features to its Compute@Edge serverless compute environment.
Fastly fell sharply Monday after running up for 11 straight sessions. A lot of coronavirus plays sold off Monday, but generally were well extended like Fastly.
(Bloomberg) -- America’s obsession with the internet is paying dividends to the companies that power websites for everything from shopping to social media.One of the biggest winners has been Fastly Inc., which has added nearly $6 billion in market value in less than two months, outpacing hot e-commerce stocks like Overstock.com Inc., Wayfair Inc. and Etsy Inc. since the end of April. The stock has gained nearly 250% in that time, making it the best performer among 43 companies in the S&P Internet Select Industry Index.The content delivery network has become something of a software darling since it posted an outsize earnings beat in early May and boosted its 2020 sales guidance on increased internet traffic as a result of stay-at-home measures. The shares tripling since then suggests the demand has been even greater than expected, according to D.A. Davidson analyst Rishi Jaluria.“Consider who Fastly’s customers are and how well they are doing in this environment,” Jaluria said in an interview. “Shopify is going gangbusters, as is Slack and Github, critical tools that enable remote workers.”Content delivery networks make the internet go, using a distributed network of proxy servers and data centers to push speedy internet content in front of consumers whether they’re buying cases of beer on Shopify, or loading videos on TikTok.TikTok could become a big source of revenue for Fastly as the short-form media platform rises among the social-networking ranks, according to analysts. TikTok parent ByteDance “spends a sizable amount” with third-party content delivery networks like Fastly, Akamai Technologies Inc. and Limelight Networks Inc., Raymond James analyst Robert Majek said in a report following an industry conference earlier this month.Reddit, Spotify and Pinterest are also Fastly customers. The company’s sales totaled $200 million last year, and Wall Street analysts expect to see more than 40% in growth this year and nearly 30% in 2021. Jaluria estimates that annual revenue will grow 25% to 30% for the next several years.Fastly appears to be taking greater wallet share relative to other more established rivals, the analyst added, though Fastly is starting from a lower baseline after its initial public offering in May 2019. A big uptick in spending from just one customer moves the needle more for a company of Fastly’s size compared to Akamai, whose deal with Disney+ last year, while meaningful, didn’t do much for near-term incremental sales growth, Jaluria said. Akamai’s market value at $16.3 billion is more than double Fastly’s $7.5 billion.The risk for Fastly is “taking the foot off the pedal,” because when companies get big enough, they build their own content delivery network as Netflix, Apple, and Facebook have all done, the analyst said. The company took advantage of the recent surge in the shares to tap investors for more cash through an additional equity offering.Jaluria has a buy rating on Fastly and a Street-high price target of $55, which is below where shares are currently trading. All but two of the 11 analysts tracked by Bloomberg recommend buying shares even though their average target is 48% below the current price.“Valuations are steep, but Fastly is a unique company with a long runway of growth,” Jaluria said.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Fastly (FSLY) has been upgraded to a Zacks Rank 1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Studies by leading experts into the power of price momentum show that stocks with the strongest price trends tend to keep up the pace for anywhere up to one ye...
Shopify (NYSE: SHOP) is on a roll. Just weeks after announcing a deal to help power the back-office needs of Facebook's (NASDAQ: FB) new Shops platform, the e-commerce management provider has now inked a deal with Walmart (NYSE: WMT). Merchants utilizing Shopify's platform can now integrate their businesses with Walmart Marketplace, a site catering to third parties looking to sell online.