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 earnings per share (EPS) guidance of -0.100--0.040 for the period, compared to the consensus 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.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on FSLY. Piper Sandler lifted their target price on 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 price objective on shares of Fastly from $7.00 to $8.00 and gave the company an "equal weight" rating in a report on Thursday, May 8th. Craig Hallum upgraded shares of Fastly from a "hold" rating to a "buy" rating and set a $10.00 price objective for the company in a research report on Thursday, August 7th. KeyCorp upgraded Fastly to a "sector weight" rating in a research report on Thursday, June 5th. Finally, Royal Bank Of Canada lifted their price target on Fastly from $6.00 to $7.00 and gave the company a "sector perform" rating in a research note on Thursday, August 7th. Nine investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $8.69.

Fastly Stock Down 4.6%

FSLY opened at $6.91 on Friday. The company has a market cap of $1.02 billion, a PE ratio of -6.70 and a beta of 1.19. Fastly has a twelve month low of $4.65 and a twelve month high of $12.08. The company has a 50-day moving average price of $7.04 and a 200 day moving average price of $7.12. The company has a quick ratio of 1.49, a current 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, beating analysts' consensus estimates 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 business had revenue of $148.71 million during the quarter, compared to analysts' expectations of $144.86 million. During the same quarter in the prior year, the firm earned ($0.07) earnings per share. The business's revenue was up 12.3% compared to the same quarter last year. Sell-side analysts expect that Fastly will post -0.78 earnings per share for the current fiscal year.

Insider Activity at Fastly

In related news, CRO Scott R. Lovett sold 127,608 shares of the business's stock in a transaction dated 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 directly owned 1,287,145 shares in the company, valued at approximately $8,945,657.75. The trade was a 9.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $88,920.00. Following the sale, the chief financial officer owned 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 162,124 shares of company stock valued at $1,138,628. 6.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Fastly

Hedge funds and other institutional investors have recently bought and sold shares of the company. PDT Partners LLC increased its stake in Fastly by 34.5% during the 2nd quarter. PDT Partners LLC now owns 833,415 shares of the company's stock worth $5,884,000 after buying an additional 213,790 shares during the period. Canada Pension Plan Investment Board raised its stake in shares of Fastly by 65.8% in the second quarter. Canada Pension Plan Investment Board now owns 31,000 shares of the company's stock valued at $219,000 after acquiring an additional 12,300 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Fastly by 8.1% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 503,941 shares of the company's stock valued at $3,558,000 after acquiring an additional 37,899 shares in the last quarter. Qube Research & Technologies Ltd purchased a new position in Fastly in the second quarter valued at $116,000. Finally, Bank of Nova Scotia acquired a new position in Fastly during the 2nd quarter worth $122,000. 79.71% of the stock is currently owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.