Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul>
<li>Fastly Inc.'s earnings report for the first quarter of 2025 highlighted several key aspects of the company's financial performance and strategic direction, presenting both opportunities and challenges for investors to consider.</li>
<li>Positively, Fastly reported revenues of $144.5 million, surpassing their guidance range.</li>
<li>This represents an 8% increase year-over-year, suggesting positive momentum in their revenue growth, notably higher compared to the previous quarter's 2% growth.</li>
</ul>


Fastly Inc.'s earnings report for the first quarter of 2025 highlighted several key aspects of the company's financial performance and strategic direction, presenting both opportunities and challenges for investors to consider.
Positively, Fastly reported revenues of $144.5 million, surpassing their guidance range.
This represents an 8% increase year-over-year, suggesting positive momentum in their revenue growth, notably higher compared to the previous quarter's 2% growth.


Fastly Ignites 64% Growth in Emerging Products as Edge Compute Takes Center Stage...

<ul>
<li>Fastly, Inc. recently released its financial results for the fourth quarter of 2024, demonstrating a blend of challenges and opportunities.</li>
<li>The company's performance was marked by revenue of $140.6 million for the quarter, surpassing their guidance range of $136 million to $140 million, and achieving a 2% growth both year over-year and quarter-over-quarter.</li>
<li>The annual revenue for 2024 reached $544 million, reflecting a 7% increase from the previous year.</li>
</ul>


Fastly, Inc. recently released its financial results for the fourth quarter of 2024, demonstrating a blend of challenges and opportunities.
The company's performance was marked by revenue of $140.6 million for the quarter, surpassing their guidance range of $136 million to $140 million, and achieving a 2% growth both year over-year and quarter-over-quarter.
The annual revenue for 2024 reached $544 million, reflecting a 7% increase from the previous year.


Fastly Inc.: Can It Capitalize On The Edge Computing Opportunity Through Dynamic Content Delivery?

<ul>
<li>Fastly, Inc., a provider of cloud computing services, presented its financial results for the third quarter of 2024, reporting revenue growth and cost management successes amid challenges related to some of its largest customers.</li>
<li>The company's revenue for Q3 was $137.2 million, exceeding the high end of its guidance range.</li>
<li>This growth was underpinned by improvements among its large media clients and gains from outside its top 10 customers.</li>
</ul>


Fastly, Inc., a provider of cloud computing services, presented its financial results for the third quarter of 2024, reporting revenue growth and cost management successes amid challenges related to some of its largest customers.
The company's revenue for Q3 was $137.2 million, exceeding the high end of its guidance range.
This growth was underpinned by improvements among its large media clients and gains from outside its top 10 customers.


Fastly Inc.: Here Are The 6 Biggest Factors Impacting Its Performance In 2025 & Beyond!

Research from Water Tower Research, Water Tower Research

Water Tower Research

Research from Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

Equity Research Firm

Thematic (Sector/Industry)

<ul><li>Water Tower AI Flow Index. We monitor ~400 public companies across tech and AI for performance and AI-related news flow.</li><li>Last month (ending 11/30), the WTR AI Index was down 7.0% M/M versus the S&amp;P 500 Index (up 0.1%), the Russell 2000 Index (up 0.8%), and the Nasdaq Index (down 1.6%).</li><li>Software (28% of the index) was down 8.6%, while Semiconductor (12% of the index) was down 3.7%, Internet and Data Services (8% of the index) was down 20.9%, Other Tech (21% of the index) was down 5.5%, and Other Industries (31% of the index) was down 3.6%. </li></ul>

Water Tower AI Flow Index. We monitor ~400 public companies across tech and AI for performance and AI-related news flow.Last month (ending 11/30), the WTR AI Index was down 7.0% M/M versus the S&amp;P 500 Index (up 0.1%), the Russell 2000 Index (up 0.8%), and the Nasdaq Index (down 1.6%).Software (28% of the index) was down 8.6%, while Semiconductor (12% of the index) was down 3.7%, Internet and Data Services (8% of the index) was down 20.9%, Other Tech (21% of the index) was down 5.5%, and Other Industries (31% of the index) was down 3.6%. 

AI Flow Index : Sailing a Sea of Companies in AI

<ul>
<li>Fastly's Q2 2024 earnings highlighted a mix of positive developments and significant challenges facing the company.</li>
<li>For the quarter, Fastly reported revenue of $132.4 million, which surpassed the midpoint of their guidance.</li>
<li>This achievement was overshadowed by a concerning trend with some of Fastly’s largest customers, particularly in the media sector, where decreased traffic projections and an emphasis on cost reductions have led to lower revenue expectations for these key accounts.</li>
</ul>


Fastly's Q2 2024 earnings highlighted a mix of positive developments and significant challenges facing the company.
For the quarter, Fastly reported revenue of $132.4 million, which surpassed the midpoint of their guidance.
This achievement was overshadowed by a concerning trend with some of Fastly’s largest customers, particularly in the media sector, where decreased traffic projections and an emphasis on cost reductions have led to lower revenue expectations for these key accounts.


Fastly Inc.: Enhanced Focus on Customer Acquisition & Go-To-Market Strategies To Catalyze Growth!

United States

Fastly, Inc. provides infrastructure software. The Company offers cloud computing, image optimization, security, edge computer technology, and streaming solutions. Fastly serves customers in the United States.

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Fastly Inc (FSLY US)

Fastly Ignites 64% Growth in Emerging Products as Edge Compute Takes Center Stage...

This represents an 8% increase year-over-year, suggesting positive momentum in their revenue growth, notably higher compared to the previous...

Baptista Research

Fastly Inc.: Can It Capitalize On The Edge Computing Opportunity Through Dynamic Content Delivery?

Fastly, Inc. recently released its financial results for the fourth quarter of 2024, demonstrating a blend of challenges and opportunities.

Baptista Research

Fastly Inc.: Here Are The 6 Biggest Factors Impacting Its Performance In 2025 & Beyond!

Fastly, Inc., a provider of cloud computing services, presented its financial results for the third quarter of 2024, reporting revenue growth and...

Baptista Research

AI Flow Index : Sailing a Sea of Companies in AI

Last month (ending 11/30), the WTR AI Index was down 7.0% M/M versus the S&P 500 Index (up 0.1%), the Russell 2000 Index (up 0.8%), and the Nasdaq...

Water Tower Research

Fastly Inc.: Enhanced Focus on Customer Acquisition & Go-To-Market Strategies To Catalyze Growth!

Fastly's Q2 2024 earnings highlighted a mix of positive developments and significant challenges facing the company. For the quarter, Fastly...

Baptista Research

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