Q1 Earnings Estimate for Fastly Issued By KeyCorp

Key Points

• KeyCorp expects Fastly to remain loss-making in 2027, forecasting EPS of ($0.07) in Q1, followed by quarterly losses of ($0.05), ($0.05), and ($0.04). The firm rates the stock Overweight with a $30 price target.
• Fastly’s latest reported quarter beat estimates: EPS was $0.17 versus $0.12 expected, while revenue reached $190.19 million against a $187.82 million consensus.
• Analyst sentiment is mixed: MarketBeat reports an average Hold rating and a $26 average price target, alongside ratings ranging from Strong Buy to Sell.

Fastly, Inc. (NASDAQ:FSLY - Free Report) - Equities researchers at KeyCorp issued their Q1 2027 EPS estimates for Fastly in a research note issued to investors on Wednesday, November 4th. KeyCorp analyst J. Ader anticipates that the company will post earnings of ($0.07) per share for the quarter. KeyCorp has an "Overweight" rating and a $30.00 price objective on the stock. The consensus estimate for Fastly's current full-year earnings is ($0.27) per share. KeyCorp also issued estimates for Fastly's Q2 2027 earnings at ($0.05) EPS, Q3 2027 earnings at ($0.05) EPS and Q4 2027 earnings at ($0.04) EPS.

A number of other equities research analysts also recently weighed in on FSLY. Piper Sandler reaffirmed a "neutral" rating and set a $24.00 price objective (down from $28.00) on shares of Fastly in a report on Thursday, November 5th. Weiss Ratings reissued a "sell (d-)" rating on shares of Fastly in a report on Wednesday, November 4th. Bank of America raised their target price on Fastly from $20.00 to $22.00 and gave the stock an "underperform" rating in a research report on Wednesday, September 23rd. DA Davidson boosted their price target on Fastly from $21.00 to $23.00 and gave the company a "neutral" rating in a research note on Wednesday, September 23rd. Finally, Oppenheimer raised Fastly from a "market perform" rating to an "outperform" rating and set a $35.00 price target on the stock in a research note on Friday, October 9th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $26.00.

Fastly Stock Performance

NASDAQ FSLY opened at $17.26 on Thursday. Fastly has a twelve month low of $7.87 and a twelve month high of $34.82. The company has a quick ratio of 3.07, a current ratio of 3.07 and a debt-to-equity ratio of 0.32. The stock has a market cap of $2.78 billion, a P/E ratio of -43.15 and a beta of 0.22. The company's 50-day simple moving average is $23.62 and its 200 day simple moving average is $21.63.

Fastly (NASDAQ:FSLY - Get Free Report) last released its quarterly earnings data on Wednesday, November 4th. The company reported $0.17 EPS for the quarter, topping analysts' consensus estimates of $0.12 by $0.05. Fastly had a negative net margin of 8.74% and a negative return on equity of 4.53%. The company had revenue of $190.19 million during the quarter, compared to the consensus estimate of $187.82 million.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. acquired a new position in shares of Fastly during the third quarter worth approximately $470,000. Private Advisor Group LLC acquired a new stake in shares of Fastly in the third quarter valued at approximately $224,000. Ieq Capital LLC bought a new position in Fastly in the 3rd quarter worth approximately $208,000. Proem Advisors LLC acquired a new position in Fastly during the 3rd quarter worth $3,337,000. Finally, Voya Investment Management LLC lifted its holdings in Fastly by 126.0% during the 3rd quarter. Voya Investment Management LLC now owns 5,509,813 shares of the company's stock worth $141,437,000 after buying an additional 3,071,858 shares in the last quarter. Institutional investors and hedge funds own 79.71% of the company's stock.

Insider Buying and Selling

In other news, CTO Artur Bergman sold 37,039 shares of the firm's stock in a transaction on Monday, October 26th. The stock was sold at an average price of $25.48, for a total value of $943,753.72. Following the completion of the sale, the chief technology officer directly owned 1,024,239 shares in the company, valued at approximately $26,097,609.72. This trade represents a 3.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Charles Compton, III sold 8,941 shares of the firm's stock in a transaction on Monday, October 26th. The shares were sold at an average price of $24.98, for a total value of $223,346.18. Following the completion of the sale, the chief executive officer owned 822,559 shares of the company's stock, valued at approximately $20,547,523.82. This trade represents a 1.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 1,323,893 shares of company stock worth $35,452,889. 4.20% of the stock is owned by corporate insiders.

Recent Fastly Headlines

Here are a few of the latest headlines about FSLY:

• Neutral Sentiment: Citi reaffirmed its Hold rating, indicating a wait-and-see stance rather than a clear near-term catalyst. Citi Reaffirms Their Hold Rating on Fastly
• Negative Sentiment: Fastly’s shares have fallen sharply over the past month despite beating estimates and raising guidance. The article points to customer concentration as a key concern behind the market’s skepticism, which may weigh on sentiment. Fastly Is Still Down 40% in the Past Month: Can FSLY Stock Get Back to $30?
• Negative Sentiment: Freedom Broker reportedly cut its price target for FSLY, adding to downside pressure, though the available report does not specify the revised target. Fastly Stock Price Target Cut by Freedom Broker

About Fastly

Fastly, Inc. provides an edge cloud platform that helps businesses deliver and secure websites, applications, and digital content. Its services include content delivery, web application and API protection, DDoS mitigation, bot management, and tools for monitoring and analyzing internet traffic. The company also offers edge computing through Fastly Compute, which lets developers run code closer to users. Fastly's platform is designed to help organizations improve the speed, reliability, and security of online services, and it serves customers across multiple industries and geographies.

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