Fastly trades at at a price-to-sales ratio of 32. AND that's after a 40% drop in its share price and a guidance cut.
I mean, there are 4000+ other stocks to pick from and probably 10 other similar names in this space. I'm not sure I understand why so many people are crazy bullish about this name. Unless you think they can double and triple their revenue for the next 3 years without any more hiccups, this thing is still way overvalued and potentially way over followed.
Now, I have no position, and I respect the companies product. Becoming a publicly traded company is NOT easy. So anyone company that does that? Well ,impressive. But, this definitely on my watchlist. I think if it can bounce back into the 80s, some puts will look mighty attractive. a return to 50/share seems possible.
Thank you. I agree with you. It will continue to decline if it does not exceed the current resistance
Christuanjonkar
⋅
I agree with you.
Libratus
⋅
I will stick to cloudflare or even Akamai. Waiting for that support lvl to be finally broken.
lauralea
⋅
Possibly parabolic before fall
jaxdog
⋅
I agree. If you are a disciplined trader you "have" to follow price action regardless of your thoughts. I round tripped this one for a small loss sorry to say but bail I did.