Here's When I'll Consider Buying Fastly Stock Again
Shares of next-gen internet infrastructure outfit Fastly (NYSE: FSLY) have been living up to their name this year. With Web traffic soaring during the pandemic, the company has picked up plenty of new business and the stock is up more than 300% as a result.
However, the epic run higher includes a recent double-digit sell-off after Fastly issued weaker-than-forecast revenue for Q3 2020. I'm not surprised. I issued a bullish call and made a small purchase back in the early spring as Fastly looked undervalued, but I felt as if investor optimism through the summer was getting way out of hand, so I parted ways to invest in better values. But after the most recent sell-off, I plan on buying a few shares again.
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Source Fool.com
