Fastly achieved positive free cash flow in Q1-25, marking a major inflection point in its profitability profile. The company raised its FY 2025 revenue outlook by $10M at the midpoint, signaling management's confidence in future growth. Despite slowing top-line growth and customer retention concerns, FSLY's shares remain undervalued at a 1.6X P/S ratio vs. a higher historical average.
It's been a wild ride for the stock market through the first five months of 2025. As of mid-February, Wall Street's major stock indexes could do no wrong, with the benchmark S&P 500 vaulting to an all-time record-closing high.
Cerby to use new capital to further innovate its entire solution suite and scale operations in North America and EMEA region. Round was led by DTCP with participation from Okta Ventures, Salesforce Ventures, and Two Sigma Ventures.
I'm upgrading Fastly to a neutral rating after the company showcased improving revenue growth trends. Q1 results showcased 8% y/y revenue growth, driven by improved sales processes and up from 2% in Q4. Fastly also raised its outlook for FY25, a rarity in this economy. The stock trades at a cheap ~2x forward revenue multiple.
Among the numerous tech sector winners this earnings season has been edge computing company Fastly (FSLY 26.62%). Buoyed by encouraging quarterly results and subsequent analyst price target bumps, the company's stock was up by a muscular 30% week to date as of early Friday morning, according to data compiled by S&P Global Market Intelligence.
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