Fastly, Inc. (FSLY) Made A “Major Comeback,” Says Jim Cramer

We recently published 9 Stocks Jim Cramer Discussed As He Mentioned Trump & Intel’s CEO. Fastly, Inc. (NYSE:FSLY) is one of the stocks Jim Cramer recently discussed.

Fastly, Inc. (NYSE:FSLY) is an edge cloud computing firm. Its shares have lost 26% year-to-date as they are yet to recover from a 21% drop in February after the firm’s fourth quarter earnings report. This set of results saw Fastly, Inc. (NYSE:FSLY) report a three-cent per share loss, which missed analyst estimates of a breakeven. The firm also guided a midpoint loss of 12 cents per share for fiscal 2025, which was far below analyst estimates of a three-cent profit. Cramer has previously advised viewers against buying Fastly, Inc. (NYSE:FSLY), and here are his latest remarks:

“That was a major comeback, Fastly. I had written them off entirely. I know, I mean after Cloudflare I said they’re absolutely dead. But they’re making a comeback, good for them.”

Here are his previous comments about Fastly, Inc. (NYSE:FSLY):

“No, I mean they’ve missed a quarter too often. If you want to be in that, you wanna be in CloudFlare, which just reported tonight. Matthew Prince, doing an absolutely terrific job.”

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Disclosure: None. This article is originally published at Insider Monkey.