Description

Fastly, Inc.: Initiation Of Coverage – What Is Its Biggest Competitive Advantage? 

Fastly’s Q2 2024 earnings highlighted a mix of positive developments and significant challenges facing the
company. For the quarter, Fastly reported revenue of $132.4 million, which surpassed the midpoint of their
guidance. This achievement was overshadowed by a concerning trend with some of Fastly’s largest customers,
particularly in the media sector, where decreased traffic projections and an emphasis on cost reductions have led
to lower revenue expectations for these key accounts. On the positive side, Fastly’s overall revenue still grew 8% year-over-year due to an increase of 13% from other customer segments outside their top 10 clients. This growth accentuated the effectiveness of Fastly’s diversified customer acquisition strategy and enhancements in cross-selling their platform solutions. The company’s customer count in the enterprise sector grew by 4% sequentially and 50% year-over-year, which is a testament to Fastly’s robust sales efforts and their focus on expanding their customer base..

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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