Fastly Soars 102% in One Month to $19.14 52-Week High
Fastly shares surged 102.2% over the past month to a new 52-week high of $19.14 and are up 79.4% year-to-date. The company has beaten EPS estimates in four consecutive quarters, reporting $0.12 last quarter and is forecast to grow EPS 57.8% to $0.26 on $786.99M next year.
1. Stock Performance
Fastly's stock has surged 102.2% over the past month and gained 79.4% year-to-date, reaching a 52-week high of $19.14 in the previous session.
2. Earnings and Growth Outlook
Fastly has beaten consensus EPS estimates in each of the last four quarters, reporting $0.12 last quarter. Analysts forecast EPS of $0.17 on $711.06M in revenues for the current fiscal year and $0.26 on $786.99M next year.
3. Valuation Metrics
The stock trades at 110.7x current fiscal year EPS estimates, well above the peer industry average of 19.2x. Growth and momentum scores remain strong, but value metrics raise concerns over potential pullback.
4. Analyst Rating and Peer Comparison
Fastly holds a buy rating based on positive earnings revision trends. In comparison, peer Karooooo Ltd. trades at 23.6x forward P/E and is forecast to earn $2.25 per share on $332.58M revenue this year.