Currently FSLY is at $13 as of Monday April 29. My Due Diligence: Fastly (FSLY) is showing signs of a bottoming base pattern and has seen an increase in bullish flows recently including last weeks large opening seller on 4/26 for 3500 January 2026 $12.50 puts sold to open at $3.60 and harvesting 1.26M in premium seeing value at current levels. FSLY also last week saw a stock replacement buys 12,500 June $15 calls at $0.75 as the $17.50 calls adjusted and still has a lot of May 3rd weekly calls in OI for this weeks earnings due on May 1st after the market closes. The May 3rd $12.50, $13, and $13.50 calls all with recent buys in OI. FSLY also has Jan $20 short calls in OI with over 4k holding so that could eventually be a nice upside target into year end if a rally ensues. The $1.8B cloud platform company trades at 74x FY25 earnings, 26.6x EBITDA, 2.7x sales with revenue growth expected to rise +16% in FY24 and sales estimated at +16% in FY25. Fastly, Inc. provides a programmable edge cloud platform that helps the world's brands deliver online experiences possible through edge compute, delivery, security, and observability offerings, improving site performance, and enhancing security at a global scale. The Company enables developers to deliver secure Websites and apps. FSLY had a rough selloff last quarter on earnings that featured its first guide lower in several quarters but now back at longer term support near 12.50. Shares are making a basing pattern and need to regain the 13.65 lower edge of yearly value area to get back into value and start to reverse back up. An upside move can target the yearly POC at 16.25. This week’s options imply about a 17% move on earnings. Average analyst price target is $20. Piper upgraded to Overweight recently citing valuation given the pullback since last quarter and they have a $16 target while saying it sees multiple upside levers across Fastly's content delivery network business following the Q4 reset as well as a favorable competitive landscape, with competitors' exits driving opportunities and better pricing. In addition, the company's new business strength is creating 2024 tailwinds. RayJay out last month saying the selloff is a buying opportunity as they met with Fastly CFO Ron Kisling at the firm's Institutional Investors Conference and came away from the event stating that Fastly remains the analyst's best idea. The firm, which believes the pieces are in place for Fastly to continue to drive improved results, maintains a Strong Buy rating and $25 price target. Citi is more neutral with a $15 target and last week said that intra-quarter field work points to improvements for systems software but no aggregate spending inflections, and a tone of procurement stability. Short interest is at 9.2% and has decreased by -35% in the last 3 months. Hedge fund ownership fell 8.5%. Tudor Investments started a new stake of 234K shares. My previous trades on snap at $10.73 to $14+ https://www.teamblind.com/post/Bought-211M-of-Snap-at-1073-now-at-1438-yG8ejgnn?utm_source=share&utm_medium=normal&from=share_link #stocks #investments
Paper trading?
Why not options / LEAPS ?
You just buy before earnings like a gambler. Nothing in the chart or company that shows it’s gonna turn arnd. If they in fact turn arnd plenty of time after earnings to invest in the company. Good lk
Cloudflare >> Fastly Nuff said FSLY to $0
Good luck op
Pretty sure paper trading lol
Down 25% in after hours
30%
Gambled away millions OP ?
OP paper money?
OP is a whale 🐳