Fastly: Watch Out, Enterprise Customers Are Leaving (Rating Downgrade)
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Fastly faces challenges with poor sales execution, competition, and customer defections, leading to a 60% YTD decline. The company is downgraded to a sell rating due to decelerated growth, poor customer retention, and financial risks.
November 15, 2024 | 3:45 pm
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NEGATIVE IMPACT
Fastly has been downgraded to a sell rating due to poor sales execution, intense competition, and large customer defections. The company has seen a 60% YTD decline, with decelerated growth and poor customer retention.
Fastly's downgrade to a sell rating is due to significant challenges including poor sales execution, intense competition, and customer defections. These issues have led to a 60% YTD decline, indicating a negative short-term impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100