Fastly Stock: Bear vs. Bull
Fastly (NYSE: FSLY) posted its fourth-quarter earnings report on Feb. 15. The content delivery network (CDN) provider's revenue rose 22% year over year to $119.3 million and beat analysts' expectations by $4.8 million. Its adjusted net loss narrowed from $11.7 million to $9.5 million, or $0.08 per share, which also cleared the consensus forecast by a nickel.
For the full year, Fastly's revenue rose 22% to $432.7 million, which matched its 22% growth in 2021, but its adjusted net loss widened from $55.9 million to $72.3 million. Fastly's headline numbers weren't perfect, but its stock was already cut in half over the past 12 months. Let's review the bear and bull cases to see if it could be a turnaround play this year.
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Source Fool.com
