Fastly, Inc. (FSLY): A Bull Case Theory

We came across a bullish thesis on Fastly, Inc. (FSLY) on WallStreetBets subreddit page by saas_stats. In this article, we will summarize the bulls’ thesis on FSLY. Fastly, Inc. share was trading at $7.39 as of Oct 9^th. FSLY’s forward P/E was 185.19 according to Yahoo Finance.

[caption id="attachment_1204867" align="aligncenter" width="768"] An overhead view of a large-scale data center with rows of servers and blinking lights.[/caption]

Fastly (FSLY), trading at a ~1.9x revenue multiple, appears undervalued compared to similar SaaS companies growing at 5-10% annually. Despite...