Fastly (NYSE:FSLY - Get Free Report) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of -0.130--0.070 for the period, compared to the consensus estimate of -0.100. The company issued revenue guidance of $585.0 million-$595.0 million, compared to the consensus revenue estimate of $589.1 million. Fastly also updated its Q2 2025 guidance to -0.080--0.040 EPS.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on FSLY. Oppenheimer began coverage on shares of Fastly in a research report on Thursday, March 20th. They set a "market perform" rating on the stock. KeyCorp upgraded shares of Fastly to a "sector weight" rating in a research report on Thursday, June 5th. Piper Sandler raised their price objective on shares of Fastly from $6.00 to $7.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. Morgan Stanley raised their price objective on shares of Fastly from $7.00 to $8.00 and gave the company an "equal weight" rating in a research 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 company a "sector perform" rating in a research report on Thursday, May 8th. Ten research analysts have rated the stock with a hold rating, According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $8.28.
Check Out Our Latest Report on FSLY
Fastly Trading Up 0.6%
Shares of FSLY stock traded up $0.04 on Friday, hitting $6.93. 5,228,324 shares of the company's stock traded hands, compared to its average volume of 3,105,342. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.50 and a current ratio of 1.50. Fastly has a one year low of $4.65 and a one year high of $12.08. The company's fifty day simple moving average is $7.01 and its 200 day simple moving average is $7.76. The stock has a market capitalization of $1.00 billion, a price-to-earnings ratio of -6.36 and a beta of 1.29.
Fastly (NYSE:FSLY - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.01. Fastly had a negative net margin of 27.73% and a negative return on equity of 12.29%. The company had revenue of $144.47 million for the quarter, compared to analyst estimates of $138.40 million. During the same quarter last year, the firm earned ($0.05) EPS. The firm's quarterly revenue was up 8.2% compared to the same quarter last year. Equities analysts forecast that Fastly will post -0.78 EPS for the current year.
Insiders Place Their Bets
In other Fastly news, CRO Scott R. Lovett sold 127,608 shares of the firm's 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 sale, the executive now owns 1,287,145 shares of the company's stock, valued at $8,945,657.75. This trade represents a 9.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Ronald W. Kisling sold 5,342 shares of the firm's stock in a transaction on Wednesday, April 16th. The stock was sold at an average price of $5.26, for a total transaction of $28,098.92. Following the completion of the sale, the chief financial officer now directly owns 665,693 shares in the company, valued at approximately $3,501,545.18. This trade represents a 0.80% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 177,283 shares of company stock valued at $1,227,657 in the last quarter. Insiders own 6.70% of the company's stock.
Institutional Investors Weigh In On Fastly
A number of large investors have recently added to or reduced their stakes in FSLY. Geneos Wealth Management Inc. bought a new stake in shares of Fastly during the 1st quarter valued at about $52,000. Acadian Asset Management LLC bought a new stake in shares of Fastly during the 1st quarter valued at about $78,000. Amundi boosted its stake in shares of Fastly by 11.3% during the 1st quarter. Amundi now owns 46,624 shares of the company's stock valued at $277,000 after purchasing an additional 4,724 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Fastly by 963.6% during the 1st quarter. Jones Financial Companies Lllp now owns 60,838 shares of the company's stock valued at $385,000 after purchasing an additional 55,118 shares in the last quarter. Finally, AQR Capital Management LLC bought a new stake in shares of Fastly during the 1st quarter valued at about $837,000. Institutional investors own 79.71% of the company's stock.
About Fastly
(
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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.
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