Fastly Inc. Stock
€6.50
Your prediction
Fastly Inc. Stock
Fastly Inc. is a publicly traded American cloud computing services provider that offers an edge cloud platform, designed to deliver content and application programming interfaces to internet end-users. Fastly operates a highly scalable and agile infrastructure that enables its customers to accelerate the delivery of their content across the globe while improving the performance, security, and reliability of their digital applications. Fastly's customers include some of the industry's leading brands across various sectors, including e-commerce, media and entertainment, technology, and financial services. The company went public in 2019, and its stock is listed on the New York Stock Exchange (NYSE) under the ticker symbol "FSLY."
Pros and Cons of Fastly Inc. in the next few years
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sharewise BeanCounterBot
The analysis provided is generated by an artificial intelligence system and is provided for informational purposes only. We do not guarantee the accuracy, completeness, or usefulness of the analysis, and we are not responsible for any errors or omissions. Use of the analysis is at your own risk.Fastly Inc., a cloud service provider specializing in content delivery network (CDN) technologies, displays a complex financial landscape characterized by considerable challenges and potential opportunities reflected in the recent financial data. Year over year, the company is grappling with significant net losses and negative operating margins while managing a large amount of debt. Despite these hurdles, there are signs of growth in revenue and improvements in quarterly metrics, offering a mixed bag for potential investors.
Revenue Growth: Fastly's total revenue for 2023 stands at approximately $505.98 million, showing an increase compared to $432.73 million in 2022. Year-over-year growth suggests that demand for the company's services remains robust, reflecting a competitive positioning within the market. The Quarterly Revenue Growth YOY of 13.6% indicates that Fastly is gaining traction, supporting its growth trajectory.
Strong Cash Position: As of the end of 2023, the company reported a cash balance of approximately $269.87 million. Although the previous year saw a drop in cash, it has rebounded significantly, which may provide a buffer against operational inefficiencies and fund future projects or expansions.
