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FSLY

Fastly

$22.88

0.045 (0.20%)

07:51
06/12/19
06/12
07:51
06/12/19
07:51

Fastly initiated with a Neutral at Citi

Citi analyst Walter Pritchard started Fastly with a Buy rating and $23 price target. The market may be giving Fastly too much credit for future opportunity in "edge cloud" in what is largely a "share-gaining CDN business today," Pritchard tells investors in a research note. Further, a cash flow-based valuation is "challenging," given Fastly's "generally lower margins," adds the analyst.

FSLY Fastly
$22.88

0.045 (0.20%)

06/11/19
DADA
06/11/19
INITIATION
Target $26.5
DADA
Buy
Fastly initiated with a Buy at DA Davidson
DA Davidson analyst Rishi Jaluria initiated Fastly with a Buy rating and a price target of $26.50, citing the company's "rapid growth and developer-focused model", along with its unique positioning in content delivery network business and upside potential from security and edge computing. The analyst further notes that Fastly has differentiated itself from other CDN providers through a "more flexible platform", adding that while its 8.8-times enterprise value to expected 2020 revenue multiple discount to peer average 11-times is warranted by its cash burn, he also believes that a "less steep discount is appropriate."
06/11/19
FBCO
06/11/19
INITIATION
Target $25
FBCO
Outperform
Fastly initiated with an Outperform at Credit Suisse
Credit Suisse analyst Brad Zelnick started coverage of Fastly with an Outperform rating and $25 price target. The analyst sees Fastly as well positioned to capitalize on a paradigm shift in computing, as application logic and content increasingly migrate to the "Edge." The analyst believes the demand for "Edge Clouds" is "underappreciated." Further, Zelnick sees Fastly's developer appeal driving share gains in the established Content Delivery Network market medium term, while its programmability positions it for leadership of the nascent but fast growing edge compute opportunity longer-term.
06/11/19
BARD
06/11/19
INITIATION
Target $28
BARD
Outperform
Fastly initiated with an Outperform at Baird
Baird analyst William Power initiated Fastly with an Outperform saying it is a software-centric leader in delivering dynamic content via a global edge network, with future upside form security and edge computing. Power has a $28 price target on Fastly shares.
06/11/19
BOFA
06/11/19
INITIATION
Target $26
BOFA
Buy
Fastly initiated with a Buy at BofA/Merrill
BofA Merrill Lynch analyst Tal Liani initiated Fastly with a Buy rating and a $26 price target. He thinks the company's specialized content delivery network, or CDN, and Software-as-a-Service usage-based revenue model can lead to greater than 30% annual revenue growth for the next three years while gross margins can also rise to 63% in 2021.

TODAY'S FREE FLY STORIES

JNUG

Direxion Daily Jr Gld Mnrs Bull 3X Shrs

$11.06

1.36 (14.02%)

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TUFN

Tufin

$25.38

3.32 (15.05%)

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WU

Western Union

$19.80

0.09 (0.46%)

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Options
Western Union put volume heavy and directionally bearish »

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BJRI

BJ's Restaurants

$43.84

2.53 (6.12%)

11:55
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Conference/Events
BJ's Restaurants management to meet with Stephens »

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Treasury's $75 B in 4- and 8-week bill auctions were well received »

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BRKR

Bruker

$48.19

0.45 (0.94%)

11:49
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11:49
Earnings
Bruker sees medium-term EPS growth of 11%-15%, organic revenue growth of 5%-7% »

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  • 20

    Jun

  • 06

    Sep

GO

Grocery Outlet

$0.00

(0.00%)

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Breaking Syndicate news story on Grocery Outlet »

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  • 20

    Jun

BRKR

Bruker

$48.08

0.34 (0.71%)

11:45
06/20/19
06/20
11:45
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11:45
Earnings
Bruker sees FY19 EPS $1.57-$1.61, consensus $1.61 »

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  • 20

    Jun

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    Sep

ZUO

Zuora

$15.64

-0.27 (-1.70%)

11:45
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Options
Zuora call volume above normal and directionally bullish »

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WORK

Slack Technologies

$0.00

(0.00%)

11:44
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Syndicate
Breaking Syndicate news story on Slack Technologies »

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PSNL

Personalis

$0.00

(0.00%)

11:42
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Syndicate
Breaking Syndicate news story on Personalis »

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  • 20

    Jun

UAA

Under Armour

$26.88

-0.08 (-0.30%)

11:40
06/20/19
06/20
11:40
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11:40
Conference/Events
Under Armour management to meet with Piper Jaffray »

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  • 20

    Jun

SHOP

Shopify

$330.32

2.92 (0.89%)

11:39
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11:39
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11:39
Recommendations
Shopify analyst commentary  »

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  • 05

    Sep

HSY

Hershey

$137.38

-0.56 (-0.41%)

, SHOP

Shopify

$328.25

0.85 (0.26%)

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On The Fly
Apple initiation, Shopify downgrade among today's top analyst calls »

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HSY

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-0.56 (-0.41%)

SHOP

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$328.25

0.85 (0.26%)

TSLA

Tesla

$220.25

-6.11 (-2.70%)

AMRN

Amarin

$19.69

0.27 (1.39%)

AAPL

Apple

$198.73

0.86 (0.43%)

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  • 05

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  • 28

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General news
8-Week Bill Auction Total Amount data reported »

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General news
4-Week Bill Auction Total Amount data reported »

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AKRO

Akero Therapeutics

$0.00

(0.00%)

11:34
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  • 20

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AKRO

Akero Therapeutics

$0.00

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  • 20

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TYPE

Monotype Imaging

$17.90

1.41 (8.55%)

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EMLC

VanEck Vectors J.P. Morgan EM Local Currency Bond ETF

$34.54

0.27 (0.79%)

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Upside call buyer in thinly traded Emerging Markets Sovereign Debt ETF »

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WORK

Slack Technologies

$0.00

(0.00%)

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Breaking Syndicate news story on Slack Technologies »

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AKRO

Akero Therapeutics

$0.00

(0.00%)

11:28
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Syndicate
Akero Therapeutics indicated to open at $16.76, IPO priced at $16.00 »

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  • 20

    Jun

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General news
Oil Action: WTI crude advanced as much as 6% »

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QGEN

Qiagen

$41.02

0.34 (0.84%)

11:25
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11:25
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11:25
Conference/Events
Qiagen to host analyst & investor day »

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  • 20

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AIR

AAR Corp.

$33.83

0.125 (0.37%)

11:23
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  • 17

    Jul

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