2024-04-08 10:53:24 ET
Summary
- Fastly has dropped sharply this year on lower traffic trends, particularly overseas.
- Still, the company has signed on a large number of new clients in its most recent quarter, planting the seeds for a re-acceleration in growth rates.
- Fastly's strong net retention rates and usage-based billings model contribute to meaningful revenue expansion.
- The next catalyst for Fastly is its Q1 earnings release, due in early May. It's a good time to buy the dip before then.
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Fastly: It's A Great Time To Buy In Amid Lower Expectations