Equity markets were sharply lowered after numerous conflicting reports on whether Russia increased troops on the Ukraine border. This led to significant indices falling sharply. Losses accumulated larger after Bullard sparked hawkish comments. Such dual stresses on the market meant a risk-off sentiment.
💸Fastly: The fallen name⛏
The content-delivery network provided a weak 2022 guidance, and some analysts felt it was too conservative. This sent the stock to dive sharply. The target price for the company was also revised lower to as low as $20.
Analysts are now looking at is company’s analyst day in May for more clarity on the growth path as long-term goals appear to be milky. The new management team is expected to help solve the margin compression issue as Fastly worked on the ground to execute its next-generation architecture and invest substantially in growth possibly.
Pika World will be on the sideline and looks to accumulate a tiny position.
⏰Roku: The tumble continues⛽️
Fourth-quarter revenue fell short of expectation as the company warned about supply chain disruptions. However, active accounts were robust as they increased 17% yearly to hit 60.1 million. The average revenue per user also saw decent growth of 43% to reach $41.03.
It was a problematic earning release as the stock swung sharply as its website was down after issuing a press release on the site. The stock has been down around 68% for the past 12 months, along with popular likes of Peloton Interactive.
As lockdown eases, stay-at-home demand appears to wane, and Roku is also the victim of such a trend. The company sees supply chain disruption impact running into 2022, which will affect the consumer electronics space. Likewise, TV unit sales are likely to remain muted and thus affect their active account growth.
Pika World will be on the sideline.
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