Few posts above. Anyhoo, the relevant para,
Elastic is competing with several other software companies across its businesses. Alphabet (GOOG, GOOGL) is competing with Elastic in the enterprise search business, while Splunk (SPLK) and Datadog (DDOG) are major competitors in the observability and security business.
Was wondering why I take a look. Normally I don’t bother.
Weren’t you saying you don’t want to buy at ATH? Now a small drop scares you?
I was trying to scare you 
Futures all down. Looks like another rough day. Beginning of a pullback?
According Jim Cramer, there are many ignorant 
$ in FSLY. He said may be start a position when it is ~$70s - I think he doesn’t like me.
A casual EW count (high probability is 100% wrong!).
If you’re sure is in wave (2), then BTFD. If you are not sure, wait…
$70-80 seems to be a big support area for Fastly?
Before it went down this week, Fastly was among the top-10 most expensive SaaS names.
Cool, master ! I just bought average $88 ! Now, I have become AAPL fan, made few more AAPL LEAP and AAPL stocks.
Only scary items is market volatility (unpredictable) until elections. If predictable, I am fine as I can take advantage of.
Haha. I bought some too but I also wrote options puts as premium was through the roof.
Yep, same for me.
Fastly said in its preannouncement that it expects third-quarter sales to be between $70.0 to $71.0 million, down from its prior range of $73.5 to $75.5 million.
You link an article that said less than what JC said which I had posted earlier.
If you’re into individual stocks, take note of this comment,
“There is no doubt that certain applications, products and services benefited from a historic pace of widespread adoption due to the pandemic,” says O’Rourke, zeroing in on Fastly. “But when those companies are trading 30 to 70 times forward sales, there is extreme optimism priced in.”
and this para,
According to the Financial Times, some hedge funds are starting to adopt the view that the best is over for some of those so-called COVID-19 winners.
Just checked the market cap of Zoom. It’s now at 153B. For context Exxon Mobil is only 146B. I am old enough to remember Exxon used to be the largest cap stock in the US.
Avoid ZM and PTON unless you think you won’t be the greatest fool or Newton.
Fastly updated its outlook for the third quarter, saying it now expects revenue between $70 million and $71 million, down from a prior outlook of $73.5 million to $75.5 million.
The revenue reduction is too small compared to the way market dropped it. The current price is SMA50, which is a resistant point for growth company like this.
Exactly like that When TSLA or AAPL falls, we get buying opportunity.
The low cost best bet is your sell put (at current price level)
Me too locked sold this put. Kudos!
Fastly fell out of Top 10 most expensive SaaS stocks this week.
Is DDOG a competitor to ZS?
I’m not sure. I can try to check next week. ZS hasn’t come up though.
Zscaler is a cloud-based information security company headquartered in San Jose, California.
Datadog is an American monitoring service for cloud-scale applications, providing monitoring of servers, databases, tools, and services, through a SaaS-based data analytics platform.
Because cloud security requires some monitoring, there is some overlap.
Goal of Application monitoring is mainly for performance management and security. Apps that do this are very hot e.g. DDOG, SPLK, DT, ZS, NEWR, NET, etc. Don’t ask me detail, my level of understanding is up to here only.
This sector is called observability and security 
Some focus fully on observability (APM). Some focus fully on security (IAM, Cloud,…). Some do both.
I own DT for APM and ZS for cloud security.
