$LLNW regarding Fastly, Stifel analyst says.... “We are surprised usage has slowed so much, especially given the app remains fully available in the U.S.,” Reback writes. “Moreover, what is even more concerning is that Fastly is seeing slowing usage at several other larger customers.” He wonders if the issues with other customers involved competitive risks—or macro weakness. Reback adds that he doesn’t think Fastly’s warning carries bad portents for other tech companies. “We do NOT believe its commentary regarding reduced usage at some customers late in the quarter is indicative of a broader slowing in demand for consumption-based infrastructure vendors,” he writes. “In fact, our checks continue to point to strengthening usage patterns for cloud-based infrastructure software platforms, and we expect better than expected September prints from the likes of Microsoft (MSFT), Datadog (DDOG) and JFrog (FROG).” barrons.com/articles/fastly...
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