Fastly (NYSE:FSLY) Releases FY 2025 Earnings Guidance

Key Points

• Fastly (NYSE:FSLY) has provided its FY 2025 earnings guidance, projecting an EPS of -0.100 to -0.040 and revenues of $594.0 million to $602.0 million, both exceeding consensus estimates.
• The company's stock was recently down 4.6% and currently has a market cap of $1.02 billion with a consensus rating of "Hold" and a target price of $8.69.
• Recent insider trading included the sale of over 162,124 shares by executives, indicating activity among company insiders as they adjusted their holdings.

Fastly (NYSE:FSLY - Get Free Report) issued an update on its FY 2025 earnings guidance on Friday morning. The company provided EPS guidance of -0.100--0.040 for the period, compared to the consensus EPS estimate of -0.093. The company issued revenue guidance of $594.0 million-$602.0 million, compared to the consensus revenue estimate of $590.0 million.

Fastly Price Performance

NYSE:FSLY traded down $0.2260 during midday trading on Wednesday, hitting $7.1840. 1,107,746 shares of the stock were exchanged, compared to its average volume of 2,890,442. Fastly has a one year low of $4.65 and a one year high of $12.08. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of -6.97 and a beta of 1.19. The business has a 50-day moving average price of $6.99 and a two-hundred day moving average price of $7.02. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.16.

Fastly (NYSE:FSLY - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.02. Fastly had a negative return on equity of 11.98% and a negative net margin of 25.85%.The firm had revenue of $148.71 million for the quarter, compared to analysts' expectations of $144.86 million. During the same quarter in the previous year, the company earned ($0.07) earnings per share. The firm's quarterly revenue was up 12.3% compared to the same quarter last year. Sell-side analysts predict that Fastly will post -0.78 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on FSLY shares. KeyCorp raised Fastly to a "sector weight" rating in a report on Thursday, June 5th. Piper Sandler upped their price target on Fastly from $6.00 to $7.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Craig Hallum raised Fastly from a "hold" rating to a "buy" rating and set a $10.00 price target on the stock in a report on Thursday, August 7th. Royal Bank Of Canada upped their price target on Fastly from $6.00 to $7.00 and gave the company a "sector perform" rating in a report on Thursday, August 7th. Finally, Morgan Stanley upped their price target on Fastly from $7.00 to $8.00 and gave the company an "equal weight" rating in a report on Thursday, May 8th. One equities research analyst has rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $8.69.

Insider Buying and Selling at Fastly

In other news, CEO Todd Nightingale sold 12,547 shares of the business's 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 transaction, the chief executive officer directly owned 1,904,388 shares in the company, valued at $13,692,549.72. The trade was a 0.65% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Ronald W. Kisling sold 12,000 shares of the business's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $7.41, for a total transaction of $88,920.00. Following the transaction, the chief financial officer owned 635,053 shares in the company, valued at approximately $4,705,742.73. This represents a 1.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 162,124 shares of company stock valued at $1,138,628 in the last three months. 6.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Fastly

Large investors have recently bought and sold shares of the business. Geneos Wealth Management Inc. bought a new stake in Fastly in the first quarter worth $52,000. Acadian Asset Management LLC bought a new stake in Fastly in the first quarter worth $78,000. Oxford Asset Management LLP bought a new stake in Fastly in the second quarter worth $83,000. Tower Research Capital LLC TRC boosted its holdings in Fastly by 64.4% in the second quarter. Tower Research Capital LLC TRC now owns 14,475 shares of the company's stock worth $102,000 after purchasing an additional 5,670 shares in the last quarter. Finally, XTX Topco Ltd bought a new stake in Fastly in the second quarter worth $106,000. 79.71% of the stock is currently owned by institutional investors.

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.