Fastly Stock Price, News & Analysis (NYSE:FSLY)

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Fastly in the last twelve months. There are currently 2 sell ratings, 5 hold ratings, 3 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" FSLY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FSLY, but not buy additional shares or sell existing shares.
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11 brokers have issued 1 year price objectives for Fastly's shares. Their FSLY share price targets range from $10.00 to $26.50. On average, they predict the company's stock price to reach $17.65 in the next twelve months. This suggests a possible upside of 4.8% from the stock's current price.
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Fastly's stock was trading at $8.19 at the beginning of the year. Since then, FSLY shares have increased by 105.6% and is now trading at $16.84.
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Fastly saw a drop in short interest in the month of October. As of October 31st, there was short interest totaling 9,920,000 shares, a drop of 11.0% from the October 15th total of 11,150,000 shares. Based on an average daily trading volume, of 2,830,000 shares, the short-interest ratio is presently 3.5 days.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 21st 2024.
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Fastly, Inc. (NYSE:FSLY) issued its quarterly earnings results on Wednesday, November, 1st. The company reported ($0.33) earnings per share for the quarter, topping analysts' consensus estimates of ($0.37) by $0.04. The firm earned $127.82 million during the quarter, compared to the consensus estimate of $126.21 million. Fastly had a negative trailing twelve-month return on equity of 16.89% and a negative net margin of 32.07%.

ETFs with the largest weight of Fastly (NYSE:FSLY) stock in their portfolio include Mohr Growth ETF (MOHR), WisdomTree Cybersecurity Fund (WCBR), SPDR S&P Internet ETF (XWEB), Global X Cloud Computing ETF (CLOU), Simplify Volt Cloud and Cybersecurity Disruption ETF (VCLO), Invesco Next Gen Connectivity ETF (PXQ), Invesco Dorsey Wright Technology Momentum ETF (PTF) and Direxion Moonshot Innovators ETF (MOON).

Fastly updated its FY23 earnings guidance on Wednesday, November, 1st. The company provided earnings per share guidance of ($0.23)-($0.19) for the period, compared to the consensus earnings per share estimate of ($0.23). The company issued revenue guidance of $505-509 million, compared to the consensus revenue estimate of $506.27 million.

16 employees have rated Fastly Chief Executive Officer Joshua Bixby on Glassdoor.com. Joshua Bixby has an approval rating of 100% among the company's employees. This puts Joshua Bixby in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Fastly investors own include NVIDIA (NVDA), DocuSign (DOCU), Block (SQ), Shopify (SHOP), Tesla (TSLA), Zoom Video Communications (ZM), Trade Desk (TTD), CrowdStrike (CRWD), Teladoc Health (TDOC) and Twilio (TWLO).

(FSLY) raised $170 million in an initial public offering (IPO) on Friday, May 17th 2019. The company issued 11,300,000 shares at $14.00-$16.00 per share. BofA Merrill Lynch, Credit Suisse and Citigroup acted as the underwriters for the IPO and William Blair, Raymond James, Baird, Oppenheimer, Craig-Hallum Capital Group and D.A. Davidson & Co. were co-managers.

Fastly's stock is owned by many different institutional and retail investors. Top institutional shareholders include Legal & General Group Plc (5.07%), Morgan Stanley (3.45%), Northern Trust Corp (0.95%), Mirae Asset Global Investments Co. Ltd. (0.90%), Fuller & Thaler Asset Management Inc. (0.83%) and Bank of New York Mellon Corp (0.73%). Insiders that own company stock include Abdiel Capital Management, Llc, Adriel G Lares, Adriel G Lares, Artur Bergman, Brett Shirk, Christopher B Paisley, David Hornik, John S Marr Jr, Joshua Bixby, Mark A Ledoux, Paul Luongo, Richard Devon Daniels, Robert Eugene Watson, Ronald W Kisling and Todd Nightingale.
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Shares of FSLY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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