What happened to fastly stock on Monday?
What happened Fastly (NYSE: FSLY) stock beat the market on Monday, closing the session up 5.2%. The tech specialist, which helps enterprises serve digital content to their customers, provided details on its strong third-quarter results.
Why is fsly stock dropping today?
Why Is FSLY Stock Dropping Today? Fastly (NYSE: FSLY) stock is falling hard on Thursday following the release of the company’s earnings report for the fourth quarter of 2021. The big news dragging down FSLY stock isn’t its most recent earnings.
What's spooking fastly stock?
What’s Spooking Investors. Fastly shares were trading sharply lower after the content delivery network operator posted solid results for the fourth quarter, but provided guidance for 2022 that fell shy of Street estimates. Fastly stock has tumbled about 30%, to $20.60, in premarket trading Thursday, the morning after earnings.
What happened to fastly's CFO?
Separately, CFO Adriel Lares said he would step down as CFO, but will stay on until the company finds a successor. Fastly's second-quarter guidance seemed to be the biggest weak spot in the report, as the company called for revenue of just $84 million to $87 million, below analyst estimates at $91.7 million.
Why are Fastly shares dropping?
What's Spooking Investors. Fastly shares were trading sharply lower after the content delivery network operator posted solid results for the fourth quarter, but provided guidance for 2022 that fell shy of Street estimates.
Is Fastly a good stock to buy?
If purchased outright and plugged into a larger internet business ecosystem, Fastly could offer significant value. For the average investor, though, Fastly shares offer lots of risk and highly uncertain reward as there are plenty of question marks surrounding the company's long-term viability.
Will Fastly go up?
Fastly grew revenue at a 22% pace in 2021 (a slowdown from a 45% pace in 2020). At the midpoint of guidance, management expects only a 14% increase in revenue in 2022. Plus, adjusted operating losses are expected to increase to about $65 million compared to an adjusted operating loss of $55 million in 2021.
What is the future of Fastly stock?
Data source: Fastly. YOY = Year over year. Fastly's revenue rose 22% to $354.3 million in 2021, representing a slowdown from its 45% growth in 2020 (which was boosted by its acquisition of Signal Sciences) and its 39% growth in 2019.
Is fastly stock overvalued?
Key valuation metrics suggest that the stock was overbought in 2020, and the sharp decline in the stock price we've experienced in 2021 is well justified.
Should I buy fastly Zacks?
See rankings and related performance below. The VGM Score are a complementary set of indicators to use alongside the Zacks Rank....Momentum Scorecard. More Info.Zacks RankDefinitionAnnualized Return1Strong Buy25.08%2Buy18.56%3Hold10.15%4Sell5.79%2 more rows
Will Fastly stock ever recover?
Fastly stock plunges after forecast calls for bigger 2022 growth slowdown than expected.
What's going on with Fastly?
Fastly (NYSE:FSLY) stock is falling hard on Thursday following the release of the company's earnings report for the fourth quarter of 2021. The big news dragging down FSLY stock isn't its most recent earnings. The company's adjusted losses per share of -10 cents and revenue of $97.72 million beat out estimates.
What happened to Fastly?
Fastly (ticker: FSLY) stock is down 30% to $20.12 after the company said it sees 2022 revenue of $400 million to $410 million, and sees a non-GAAP loss for the year of 50 cents to 60 cents a share. Street consensus had been $419 million and a loss of 48 cents a share.
What happened
Shares of Fastly ( FSLY -0.37% ), the cloud-based edge computing specialist, were sliding today after the company offered disappointing guidance in its fourth-quarter earnings report.
So what
Revenue rose 40% in the quarter, reaching $82.6 million, which was slightly better than estimates at $82 million.
NYSE: FSLY
The quarter marked the first full period since Fastly's acquisition of Signal Sciences, a web application security company, which added a bump to its revenue growth. The company also reported a net retention rate of 115% in the period, meaning revenue from existing customers increased 15%, including churn.
Now what
While results for the fourth quarter were basically in line with expectations, the market seemed disappointed with the company's guidance in 2021. For the current quarter, it expects revenue of $83 million to $86 million, or 32% to 36% growth, in line with the analyst consensus at $84.6 million.
Premium Investing Services
Invest better with the Motley Fool. Get stock recommendations, portfolio guidance, and more from the Motley Fool's premium services.
In keeping with its recent volatility, the edge cloud platform company fell along with the broader market
As a technology and consumer goods specialist for the Fool, Steve looks for responsible businesses that positively shape our lives. Then he invests accordingly. Enjoy his work? Connect with him on Twitter & Facebook so you don't miss a thing.
What happened
Shares of Fastly ( NYSE:FSLY) were down 12.5% as of 3:10 p.m. EDT Friday despite a lack of company-specific news.
So what
It certainly doesn't help that Fastly, a California-based cloud-platform specialist, has been subject to more than its fair share of post-IPO volatility after going public in May.
Now what
I'd be remiss if I didn't reiterate my stance that investors shouldn't lose any sleep over these big swings. Such moves are par for the course for growth stocks like Fastly, which remains in the early innings of both its long-term growth story and its tenure as a publicly traded business.
Upstart stock surges as company crushes earnings expectations, announces buyback program
Shares of Upstart Holdings Inc. surged in after-hours trading Tuesday after the financial-technology company easily topped expectations with its latest earnings and outlook while announcing a new share-repurchase program.
About the Author
Jeremy Owens is MarketWatch’s technology editor and San Francisco bureau chief. You can follow him on Twitter @jowens510.
What happened
Shares of content delivery network (CDN) operator Fastly ( FSLY -6.81% ) fell as much as 10.7% on Friday morning, following an 18% drop on Thursday.
So what
President Donald Trump's 176th and 177th executive orders declared that social media service WeChat and short-form video-sharing platform TikTok are threats to national security because of their deep access to user information and tight ties to the Chinese government.
Now what
Fastly can dodge the TikTok bullet in several ways, though all of them look difficult for various reasons.
Premium Investing Services
Invest better with the Motley Fool. Get stock recommendations, portfolio guidance, and more from the Motley Fool's premium services.
Billionaire Ken Griffin Is Loading Up on These 10 Stocks
In this article, we discuss the 10 stocks that Ken Griffin’s Citadel Investment Group is loading up on. If you want to skip our detailed analysis of these stocks, go directly to Billionaire Ken Griffin Is Loading Up on These 5 Stocks. Ken Griffin founded Citadel Investment Group, an investment firm based in Chicago, in […]
Why Fastly Stock Fell Again Today Despite an Analyst Upgrade
A new and glowing analyst research note couldn't keep the bears from clawing Fastly (NYSE: FSLY) stock Friday. The content delivery network operator's shares fell by 3% due to lingering pessimism days after it published its latest earnings report. Raymond James analyst Frank Louthan was the prognosticator banging the table for Fastly on Friday.
Raymond James Turns Bullish On Fastly, Cites Recent Pullback As 'Overreaction'
Raymond James upgraded Fastly Inc (NYSE: FSLY), noting shares overreacted to management's recently issued 2022 revenue guidance. Analyst Frank Louthan raised his rating to Strong Buy from Outperform.
