Fastly (FSLY) Expected to Announce Quarterly Earnings on Wednesday

Fastly (NYSE:FSLY - Get Free Report) is expected to be issuing its Q2 2025 quarterly earnings data after the market closes on Wednesday, August 6th. Analysts expect the company to announce earnings of ($0.05) per share and revenue of $144.86 million for the quarter. Fastly has set its FY 2025 guidance at -0.130--0.070 EPS and its Q2 2025 guidance at -0.080--0.040 EPS.

Fastly (NYSE:FSLY - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.01. The business had revenue of $144.47 million during the quarter, compared to the consensus estimate of $138.40 million. Fastly had a negative net margin of 27.73% and a negative return on equity of 12.29%. Fastly's quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.05) EPS. On average, analysts expect Fastly to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Fastly Stock Performance

Shares of NYSE FSLY traded down $0.41 during trading hours on Friday, hitting $6.38. 2,928,589 shares of the stock were exchanged, compared to its average volume of 1,916,292. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.50 and a quick ratio of 1.50. The company's 50 day moving average is $7.14 and its 200 day moving average is $7.30. The firm has a market capitalization of $923.12 million, a P/E ratio of -5.85 and a beta of 1.19. Fastly has a one year low of $4.65 and a one year high of $12.08.

Insider Activity

In other news, CRO Scott R. Lovett sold 127,608 shares of the stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $6.95, for a total value of $886,875.60. Following the completion of the transaction, the executive owned 1,287,145 shares in the company, valued at approximately $8,945,657.75. This represents a 9.02% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Todd Nightingale sold 12,547 shares of the stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $7.19, for a total transaction of $90,212.93. Following the completion of the transaction, the chief executive officer owned 1,904,388 shares of the company's stock, valued at approximately $13,692,549.72. This represents a 0.65% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 162,124 shares of company stock worth $1,138,628. 6.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Fastly

Several large investors have recently made changes to their positions in the company. Amundi grew its holdings in Fastly by 11.3% during the 1st quarter. Amundi now owns 46,624 shares of the company's stock worth $277,000 after acquiring an additional 4,724 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Fastly by 1.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 466,042 shares of the company's stock worth $2,950,000 after acquiring an additional 6,247 shares during the last quarter. Geneos Wealth Management Inc. bought a new stake in Fastly during the 1st quarter worth about $52,000. Acadian Asset Management LLC bought a new stake in Fastly during the 1st quarter worth about $78,000. Finally, Jones Financial Companies Lllp grew its holdings in Fastly by 963.6% during the 1st quarter. Jones Financial Companies Lllp now owns 60,838 shares of the company's stock worth $385,000 after acquiring an additional 55,118 shares during the last quarter. Institutional investors own 79.71% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Piper Sandler upped their price objective on shares of Fastly from $6.00 to $7.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Morgan Stanley upped their target price on shares of Fastly from $7.00 to $8.00 and gave the company an "equal weight" rating in a research note on Thursday, May 8th. Royal Bank Of Canada upped their target price on shares of Fastly from $5.00 to $6.00 and gave the company a "sector perform" rating in a research note on Thursday, May 8th. Finally, KeyCorp upgraded shares of Fastly to a "sector weight" rating in a research note on Thursday, June 5th. Ten research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $8.28.

Fastly Company Profile

Fastly, Inc operates an edge cloud platform for processing, serving, and securing its customer's applications in the United States, the Asia Pacific, Europe, and internationally. The edge cloud is a category of Infrastructure as a Service that enables developers to build, secure, and deliver digital experiences at the edge of the internet.