Right after Fastly Q1 2021
Earnings were released, the share price took a huge dive from $58.06 to a low of $41.88, representing a 27.9% drop in just 2 days. Investors are now worried if they should continue to hold on or cut their losses short as the company might continue to dive lower. In this article, I’ll be covering the 5 important takeaways from Fastly Q1 2021 Earnings and how I feel about the recent drop in price.
- Near Miss in Earnings Estimates
| |
Q1 2021 |
Q1 2020 |
| Revenue |
$84.852 million (+34.8%) |
$62.924 million |
| Gross Profit |
$47.358 million (+32.8%) |
$35.659 million |
| Operating Expenses |
$97.321 million (+104.3%) |
$47.635 million |
| Net Loss |
$50.683 million (+322.7%) |
$11.99 million |
Investors were disappointed that
Fastly missed the upper end of their earnings estimate which was from $83 – $86 million. Although they fell short of the upper end, they still
managed to fall within the range which is still a
positive sig
...
