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.”

While we acknowledge the potential of FSLY as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

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