DIS - Fastly IPO: 4x Sales Is Enough For This Cloud Computing Platform
Offering cloud solutions to large organizations, Fastly (FSLY) is delivering massive revenue growth with a magnificent gross profit margin. Besides, the company reports better financial figures than other competitors. Fastly (FSLY) should be very successful in selling shares in its new IPO. After the IPO, at 4x forward sales, FSLY may present a good buying opportunity.
With that, the company’s dual-class structure and the fact that it will use the proceeds to pay the debt are not ideal. However, these unfavorable features should not affect the company’s total valuation that much.