Summary Fastly, Inc. has developed a cloud platform that aims to be as close as possible to the end-users.
Investors who acquired shares at $16, $15, or even lower should be now celebrating the stock returns. They doubled their money in less than four months.
In our opinion, several indicators are suggesting that this name is now a Sell.
We don't believe Fastly should trade at 16x sales with 37% revenue growth.
The Dollar-Based Net Expansion Rate was lower on June 30, 2019 than that on June 30, 2018.