Similar to Fastly’s Q1 2021 Earnings, after Fastly Q2 2021
Earnings were released, the share price took another huge dive from $44.54 to a low of $33.87. The share price did recover during the day to close at $39.93 and continued to recover the next day to a closing price of $41.24. Investors are definitely concerned if they should average down, continue to hold on, or cut their losses short as the company might continue to revisit all-time lows. In this article, I’ll be covering the 5 important takeaways from Fastly Q2 2021 earnings and how I feel about the continued drop in price
- Earnings Estimate In Range
| |
Q2 2021 |
Q2 2020 |
Q1 2021 |
| Revenue |
$85.026 million (+13.88%) |
$74.663 million |
$84.852 million |
| Gross Profit |
$44.706 million (-0.58%) |
$44.966 million |
$47.358 million |
| Operating Expenses |
$102.174 million (+72.00%) |
$59.404 million |
$97.321 million |
| Net Loss |
$58.295 million (+303.15%) |
$14.46 million |
$50.683 million |
Fastly Q2 2021 earnings showed improvement from the quarter before,
better managing investors’ expectations and performing in range with the estimates mentioned in the
Q1 2021 earnings....
