Fastly (NYSE:FSLY) Updates Q2 2025 Earnings Guidance

Fastly (NYSE:FSLY - Get Free Report) updated its second quarter 2025 earnings guidance on Thursday. The company provided EPS guidance of -0.080--0.040 for the period, compared to the consensus EPS estimate of -0.050. The company issued revenue guidance of $143.0 million-$147.0 million, compared to the consensus revenue estimate of $144.5 million. Fastly also updated its FY 2025 guidance to -0.130--0.070 EPS.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Piper Sandler lifted their price target 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. KeyCorp raised shares of Fastly to a "sector weight" rating in a research report on Thursday, June 5th. Morgan Stanley lifted their price target 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. Oppenheimer assumed coverage on shares of Fastly in a research report on Thursday, March 20th. They set a "market perform" rating for the company. Finally, Royal Bank Of Canada lifted their price target 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 equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $8.28.

Fastly Stock Up 0.6%

NYSE FSLY traded up $0.04 during mid-day trading on Friday, reaching $6.93. The stock had a trading volume of 5,228,324 shares, compared to its average volume of 3,105,342. Fastly has a 1 year low of $4.65 and a 1 year high of $12.08. The stock has a market cap of $1.00 billion, a PE ratio of -6.36 and a beta of 1.29. The company has a fifty day moving average price of $7.01 and a 200 day moving average price of $7.76. 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 announced its quarterly earnings data on Wednesday, May 7th. The company reported ($0.05) earnings per share for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $138.40 million. During the same period in the previous year, the business earned ($0.05) EPS. The firm's revenue for the quarter was up 8.2% on a year-over-year basis. On average, research analysts expect that Fastly will post -0.78 earnings per share for the current year.

Insider Buying and Selling

In other Fastly news, CRO Scott R. Lovett sold 127,608 shares of Fastly stock in a transaction that occurred 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 completion of the sale, the executive now owns 1,287,145 shares of the company's stock, valued at approximately $8,945,657.75. The trade was a 9.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Todd Nightingale sold 12,547 shares of Fastly stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $7.19, for a total transaction of $90,212.93. Following the completion of the sale, the chief executive officer now directly owns 1,904,388 shares of the company's stock, valued at approximately $13,692,549.72. This trade represents a 0.65% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 177,283 shares of company stock worth $1,227,657 in the last three months. Insiders own 6.70% of the company's stock.

Institutional Investors Weigh In On Fastly

Large investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. grew its position in Fastly by 7.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,302,164 shares of the company's stock worth $14,573,000 after purchasing an additional 165,937 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position 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 during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Fastly by 25.7% in the 1st 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 purchasing an additional 67,754 shares during the period. AQR Capital Management LLC bought a new stake in Fastly in the 1st quarter worth approximately $837,000. Finally, Jones Financial Companies Lllp grew its position 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 during the period. Institutional investors own 79.71% of the company's stock.

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.