Fastly (NYSE:FSLY) Releases FY 2025 Earnings Guidance

Fastly (NYSE:FSLY - Get Free Report) issued an update on its FY 2025 earnings guidance on Thursday morning. 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

FSLY has been the subject of a number of analyst reports. KeyCorp upgraded Fastly to a "sector weight" rating in a research report on Thursday, June 5th. Royal Bank Of Canada raised their target price on Fastly from $5.00 to $6.00 and gave the company a "sector perform" rating in a research note on Thursday, May 8th. Piper Sandler upped their price target on shares of Fastly from $6.00 to $7.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. Oppenheimer initiated coverage on shares of Fastly in a report on Thursday, March 20th. They issued a "market perform" rating on the stock. Finally, Morgan Stanley boosted 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. Ten research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $8.28.

Fastly Stock Performance

Shares of NYSE FSLY traded up $0.04 during midday trading on Thursday, reaching $6.89. 1,681,021 shares of the company traded hands, compared to its average volume of 3,097,432. The company has a market cap of $996.19 million, a price-to-earnings ratio of -6.32 and a beta of 1.29. The stock has a 50-day moving average price of $6.95 and a 200 day moving average price of $7.85. Fastly has a 52 week low of $4.65 and a 52 week high of $12.08. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.50 and a quick ratio of 1.50.

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 firm had revenue of $144.47 million for the quarter, compared to analysts' expectations of $138.40 million. During the same quarter last year, the company earned ($0.05) EPS. Fastly's quarterly revenue was up 8.2% on a year-over-year basis. Sell-side analysts anticipate that Fastly will post -0.78 earnings per share for the current fiscal year.

Insider Activity at Fastly

In other Fastly news, CFO Ronald W. Kisling sold 12,000 shares of the company's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $7.41, for a total value of $88,920.00. Following the transaction, the chief financial officer now owns 635,053 shares of the company's stock, valued at approximately $4,705,742.73. This represents a 1.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 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 disclosure for this sale can be found here. Insiders have sold 177,283 shares of company stock worth $1,227,657 over the last quarter. 6.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Fastly

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. boosted its position in shares of Fastly by 7.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,302,164 shares of the company's stock valued at $14,573,000 after purchasing an additional 165,937 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Fastly by 1.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 466,042 shares of the company's stock valued at $2,950,000 after buying an additional 6,247 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Fastly by 25.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 330,878 shares of the company's stock worth $2,094,000 after buying an additional 67,754 shares during the period. AQR Capital Management LLC purchased a new position in shares of Fastly in the first quarter worth approximately $837,000. Finally, Jones Financial Companies Lllp increased its position in shares of Fastly by 963.6% in the first 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 in the last quarter. 79.71% of the stock is owned by institutional investors and hedge funds.

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.