BELOW $25 SUPPORT LOST, TIGHT STOP LOSS.
Source Motley Fool
On Aug. 9, following the company's second-quarter update, Stifel analyst Brad Reback reiterated a buy rating on the stock, noting its attractive valuation. On the same day, Baird analyst William Power reiterated his outperform rating, noting that the stock's pullback after its second-quarter update was a buying opportunity. Last Wednesday, Piper Jaffray analyst James Fish initiated the tech stock with an overweight rating.
Fastly's second-quarter results earlier this month marked the company's first quarterly report as a public company. Revenue during the period increased 34% year over year to $46 million, and its non-GAAP (adjusted) loss per share narrowed from $0.20 in the year-ago quarter to $0.16.