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Fastly's Stock Price Skyrocketed Despite an Internet Outage

By Jose Najarro - Updated Jun 9, 2021 at 10:17AM

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The issue has been resolved, and investors are rejoicing.

In today's video, I look at Fastly's (FSLY 5.54%) fundamentals, valuation metrics, and recent news. Fastly recently experienced an outage resulting in downtime on some of its customers' websites and applications. Despite the negative news, the stock price is up today. Below I share a few highlights from the video.

  1. Fastly was transparent with the issue and provided constant updates informing the public about solving the problem. Within a few hours, the company was able to resolve the issue.
  2. Investors on social platforms were excited to see the vast list of Fastly's customers. 
  3. Based on the forward price-to-sales ratio, Fastly is currently at levels last seen roughly 12 months ago. 

Click the video below for my full thoughts and analysis. 

*Stock prices used were the premarket prices of June 8, 2021. The video was published on June 8, 2021. 


 

Jose Najarro owns shares of Fastly. The Motley Fool owns shares of and recommends Fastly. The Motley Fool has a disclosure policy. Jose is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.

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Fastly, Inc. Stock Quote
Fastly, Inc.
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