Oncology Institute Inc
Change company Symbol lookup
Select an option...
TOI Oncology Institute Inc
AHI Advanced Health Intelligence Ltd
SNTG Sentage Holdings Inc
MDGS Medigus Ltd
WLDS Wearable Devices Ltd
UP Wheels Up Experience Inc
BRTX BioRestorative Therapies Inc
FRZA Forza X1 Inc
ILMN Illumina Inc
NR Newpark Resources Inc

*Nasdaq FSI: *Deficient: Issuer Failed to Meet NASDAQ Continued Listing Requirements

Health Care : Health Care Providers & Services | Small Cap Value
Company profile

The Oncology Institute, Inc. is a value-based oncology company. The Company manages community-based oncology practices that serve patients at approximately 76 clinic locations across 15 markets and five states throughout the United States. The Company's segment includes dispensary, patient care, and clinical trials & other. Its managed clinics provide a range of medical oncology services, including physician services, in-house infusion and dispensary, clinical trial services, radiation, programs like outpatient blood product transfusions, along with 24/7 patient support. The Company, through TOI Clinical Research, LLC (TCR), provides and manages clinical trial services and research for the benefit of cancer patients. The Company also provides management services to 14 clinic locations owned by independent oncology practices. The Company's managed clinics primarily serve adult and senior cancer patients in markets that have Medicare Advantage (MA) plans.

Closing Price
Day's Change
-0.0348 (-5.31%)
B/A Size
Day's High
Day's Low
(Heavy Day)

10-day average volume:

Fastly's stock is on pace for its biggest percentage gain since 2020, as analysts cite overhaul under new CEO

8:15 am ET February 14, 2023 (MarketWatch)

By Bill Peters

'Low expectations and poor investor sentiments' could be a driver for the stock, BofA analysts say

Shares of Fastly Inc. were on pace for their biggest percentage gain in nearly three years, after BofA analysts on Monday upgraded the stock and said that turnaround efforts under the cloud-software provider's new chief executive could make the company profitable next year.

The analysts double-upgraded Fastly (FSLY) to buy from their version of sell and hiked their price target to $16 from $10.50. Shares rocketed 30.7% higher, to 12.90, on Monday, putting the stock on pace for its biggest percentage increase since May 7, 2020, when it rose 45.68%.

"We are positive on the implications of the turnaround efforts and managerial changes and note low expectations and poor investor sentiments, which could be a positive for the stock if the turnaround efforts succeed," the analysts said in a research note on Monday.

The call from the analysts comes as wariness surrounds the tech industry, where layoffs have become more common and customers have grown more cautious about spending amid recession fears. Shares of Fastly, like those of its bigger cloud rivals Alphabet Inc. (GOOGL) and Amazon.com Inc. (AMZN), have fallen over the past year as the pandemic-era digital boom fades.

Fastly runs a content-delivery network intended to help online content load more quickly via so-called edge cloud services, which are located closer to end users. Its new chief executive, Todd Nightingale, a veteran of Cisco Systems Inc. (CSCO), took the helm in September. The company had announced it would look for a new chief executive after reporting a bigger-than-expected loss in May.

In the company's third-quarter earnings, Nightingale outlined a new strategy under which Fastly would expand more into security, cut costs, change pricing and invest more in edge computing.

Security products, the BofA analysts said, made up only 13% of Fastly's sales, and those were higher-margin products. And they said Fastly was moving billing for its core content-delivery network segment to a new model that charges customers a set monthly amount, with overage charges. That model, they said, would be more predictable than the consumption-based one they'd been using, which led to limited visibility on revenue and missed forecasts.

The analysts also said Fastly had more room to run, potentially next year, within an $18 billion edge computing market. Margins, the analysts said, should improve as the company sheds what they called redundant technology systems and software vendors and plans network expansions that are more aligned with demand. Buildouts during the pandemic's online traffic surge had previously cut into margins, the analysts said.

The analysts said Fastly's convertible debt -- and a potential refinancing of some of that debt before a 2026 due date -- presented some risk. But they said overall, the new leadership was the right fit for the company.

"In his short tenure at Fastly, CEO Nightingale [has] brought new key executives in product, technology, sales and people operations positions and we believe the new leadership is geared around the core strengths of the company," the analysts said.

Fastly shares are still down 54.7% over the past 12 months. By comparison, the S&P 500 is down 6.2% over that period.

-Bill Peters


(END) Dow Jones Newswires

February 14, 2023 08:15 ET (13:15 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

Earnings Calendar and Events Data provided by |Terms of Use| © 2023 Wall Street Horizon, Inc.

Market data accompanied by is delayed by at least 15 minutes for NASDAQ, NYSE MKT, NYSE, and options. Duration of the delay for other exchanges varies.
Market data and information provided by Morningstar.

Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses.
Please read Characteristics and Risks of Standard Options before investing in options.

Information and news provided by ,, , Computrade Systems, Inc., ,, and

Copyright © 2023. All rights reserved.