You usually don't see $14B companies drop 30% in a day or basically 25% in seconds. Damn. They're reporting that much of that miss was due to TikTok (without naming them) : Fastly plunges more than 25% on lowered revenue guidance https://www.cnbc.com/2020/10/14/fastly-plunges-more-than-25percent-on-lowered-revenue-guidance.html “Due to the impacts of the uncertain geopolitical environment, usage of Fastly’s platform by its previously disclosed largest customer did not meet expectations, resulting in a corresponding significant reduction in revenue from this customer,” the company said in the release. Fastly did not identify the customer. However CEO Joshua Bixby said on the company’s most recent earnings call that TikTok is its biggest customer, accounting for about 12% of revenue in the first six months of the year, sending the stock down almost 20% on that announcement.
Will u be buying? Next support level is $80? In terms of moat tho I prefer cloudflare, even before the newly announced service. Cloudflare also has a lot more mindshare with consumers and hence retail investors, anyone who has had to prove to the cloudflare bot that they are not a bot... will have a sense of it's ubiquity.
Well I also have FSLY that is referenced right below this post lol. Only thing is have 400 shares of NIO and 8 shares of FSLY.
I'm not sure I want to touch this one yet. It seems like it bounced a little after-hours off the lows, but there are probably lots of people that haven't sold yet, not to mention margin calls and crazy volatility tomorrow morning. I think I'm going to sit this one out for a while, and if it goes up, no big deal -- I missed it.
i believe that FSLY will retrace, by at least 1/3 of this drop today, before the next ERS in Feb. sold a 10-pt bullish PUT spread---collecting $5.55 premium in advance---defining my max risk of $4.45 dec 18 expiration bto 80 strike PUT sto 90 strike PUT also, sold a 10-pt bullish PUT spread on FSLY's bigger and profitable rival, for a credit of $5.2, defining my max risk of $4.8
Thanks for your views. It hit $5.20 in pre. Sold half, gonna let this ride with house money. This thing has a few speculative positives going for it at the same time - insider buying by management, buying by ark invest, price momentum and low price per share to get the robinhooders excited. @peleincubus this is the kind of penny stock I like, not otc too. if you come across these types pls share
fwiw, it has been reported on 4 Sept, Nancy Pelosi and her hubby purchased 5,000 shares of that's one logarithmic interpretation of a double top. my interpretation is a pennant formation based on continuous up trend, trading above the 20dma as well as the recent up trend (blue trend line), as corroborated by the fact that neither the candlesticks show any indication of hesitation among the traders nor parabolic SAR signals a change in trend
Based on my understanding of what he wrote, you hold as there should be a breakout soon... But don't quote me lol.
the current uptrend continues. i am banking on these two catalysts to give the stock price a pop the closer we're to the election, the more relevant cybersecurity is purely speculation on my part CRWD to be awarded more Gov't contracts to uphold/defend/investigate cybersecurity the earnings call in early Dec
Bought some cheap calls on LLNW a smaller cap CDN as a small gamble. It's been pulled down last 3 days by FSLY. This is my thinking: - LLNW has a different client base - Amazon prime video accounted for 30% of revenue in 2019. Not tik tok. - Earnings on 22 Oct, potential pre-earnings run up next week? - Speculation that management may have been too negative on previous guidance, and that they will beat guidance this qtr. Previous uncertainty was due to sports streaming - Potentially undervalued. Revenue growth is slower at 18-25%, but expected to become profitable this year. price/sales @ 3. FSLY: rev growth ~50%, still losing money this year, price/sales @ 38 even after the correction.
while waiting for my earnings plays to develop, did some research and came across these 2 compelling TA (golden cross) buys both are golden cross candidates, where the 50 dma has crossed above the 200 dma. likely, in the near term, they will also evolve to be cup w handle candidates.
nflx just reported after market close, for this past quarter, it missed its previous forecast for subscriber growth. during after-hour trading, stock price got down to 506, down 4-5%
