Fastly (FSLY) Expected to Announce Earnings on Wednesday

Fastly (NYSE:FSLY - Get Free Report) is projected to announce its Q2 2025 earnings results 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 earnings results on Wednesday, May 7th. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.01. The company had revenue of $144.47 million for the quarter, compared to analyst estimates of $138.40 million. Fastly had a negative net margin of 27.73% and a negative return on equity of 12.29%. The business's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period last year, the business posted ($0.05) earnings per share. On average, analysts expect Fastly to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Fastly Trading Down 6.0%

FSLY traded down $0.41 during mid-day trading on Friday, hitting $6.38. The stock had a trading volume of 2,928,569 shares, compared to its average volume of 2,846,133. The stock's fifty day simple moving average is $7.16 and its 200-day simple moving average is $7.31. 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 firm has a market capitalization of $923.10 million, a price-to-earnings ratio of -5.85 and a beta of 1.23. Fastly has a 1-year low of $4.65 and a 1-year high of $12.08.

Insider Activity

In other news, CFO Ronald W. Kisling sold 12,000 shares of Fastly stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $7.41, for a total value of $88,920.00. Following the completion of the transaction, the chief financial officer owned 635,053 shares of the company's stock, valued at $4,705,742.73. This trade represents a 1.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CRO Scott R. Lovett sold 127,608 shares of Fastly stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $6.95, for a total transaction of $886,875.60. Following the completion of the transaction, the executive directly owned 1,287,145 shares of the company's stock, valued at approximately $8,945,657.75. This trade represents a 9.02% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 162,124 shares of company stock valued at $1,138,628 in the last quarter. Company insiders own 6.70% of the company's stock.

Institutional Trading of Fastly

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

Wall Street Analysts Forecast Growth

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

About Fastly

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.