amazing stock, pure insanity.
DKNG and FSLY, two power Covid Stocks that are not Medical.
- Thread starter JesseJamesFinn1
- Start date
Fastly Plummets After Tension Over ByteDance Curbs Sales
October 14, 2020
Fastly Inc. plunged in late trading after saying that Chinese internet giant ByteDance Ltd., its No. 1 customer, spent less than predicted in the third quarter on cloud computing services as a result of rising U.S.-China trade tension.
Shares of other cloud providers, including Akamai Technologies Inc., Datadog Inc. and Cloudflare Inc., fell in tandem.
https://www.bloomberg.com/news/arti...third-quarter-sales-forecast-misses-estimates
_____________________________________
What is that, a 2MM miss on a company that does $250 million in revenue with a yoy ttm revenue growth of 60%?!!
Bingo!
This is what happens when companies trade at 32X forward sales with no FCF.
I go back to my lemon-aide stand theory.
Whatever on that.
The slightest hiccough and its game over.
Oh well...
...Hello Robinhooder's.... "this is the front-desk with your wake up call".
Welcome to the game.
EDIT: Wheres @S2007S lol?
October 14, 2020
- Preliminary third quarter sales trailed previous forecasts
- Shares sank 30% in late trading, driving cloud peers lower
Fastly Inc. plunged in late trading after saying that Chinese internet giant ByteDance Ltd., its No. 1 customer, spent less than predicted in the third quarter on cloud computing services as a result of rising U.S.-China trade tension.
Shares of other cloud providers, including Akamai Technologies Inc., Datadog Inc. and Cloudflare Inc., fell in tandem.
https://www.bloomberg.com/news/arti...third-quarter-sales-forecast-misses-estimates
_____________________________________
What is that, a 2MM miss on a company that does $250 million in revenue with a yoy ttm revenue growth of 60%?!!
Bingo!
This is what happens when companies trade at 32X forward sales with no FCF.
I go back to my lemon-aide stand theory.
Whatever on that.
The slightest hiccough and its game over.
Oh well...
...Hello Robinhooder's.... "this is the front-desk with your wake up call".
Welcome to the game.
EDIT: Wheres @S2007S lol?
Last edited:
Fastly Plummets After Tension Over ByteDance Curbs Sales
October 14, 2020
- Preliminary third quarter sales trailed previous forecasts
- Shares sank 30% in late trading, driving cloud peers lower
Fastly Inc. plunged in late trading after saying that Chinese internet giant ByteDance Ltd., its No. 1 customer, spent less than predicted in the third quarter on cloud computing services as a result of rising U.S.-China trade tension.
Shares of other cloud providers, including Akamai Technologies Inc., Datadog Inc. and Cloudflare Inc., fell in tandem.
https://www.bloomberg.com/news/arti...third-quarter-sales-forecast-misses-estimates
_____________________________________
What is that, a 2MM miss on a company that does $250 million in revenue with a yoy ttm revenue growth of 60%?!!
Bingo!
This is what happens when companies trade at 32X forward sales with no FCF.
I go back to my lemon-aide stand theory.
Whatever on that.
The slightest hiccough and its game over.
Oh well...
...Hello Robinhooder's.... "this is the front-desk with your wake up call".
Welcome to the game.
EDIT: Wheres @S2007S lol?
https://www.elitetrader.com/et/threads/es-journal-2019-2020.328086/page-2969#post-5226748
https://www.elitetrader.com/et/threads/es-journal-2019-2020.328086/page-2969#post-5226749