NYSE:FSLY

Fastly (FSLY) Stock Price, News & Analysis

$8.70
-0.19 (-2.14%)
(As of 05/17/2024 ET)
Today's Range
$8.61
$8.97
50-Day Range
$8.30
$14.00
52-Week Range
$7.83
$25.87
Volume
3.07 million shs
Average Volume
4.25 million shs
Market Capitalization
$1.19 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$14.61

Fastly MarketRank™ Stock Analysis

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
67.9% Upside
$14.61 Price Target
Short Interest
Bearish
9.18% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.68
Upright™ Environmental Score
News Sentiment
0.21mentions of Fastly in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$1.44 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($1.08) to ($0.94) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.28 out of 5 stars

Computer And Technology Sector

132nd out of 597 stocks

Prepackaged Software Industry

36th out of 200 stocks

FSLY stock logo

About Fastly Stock (NYSE:FSLY)

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. The company offers network services to speed up and optimize the delivery of web and application traffic; device detection and geolocation; content delivery network, such as dynamic site acceleration, origin shield, instant purge, surrogate keys, programmatic control, content compression, reliability features, fanout, domainr, privacy, and modern protocols and performance services; and video/ streaming solutions and services, including live streaming, video on demand, and media shield. It also provides security solutions, such as DDoS protection, next-gen WAF, bot management, API and ATO protection, advanced rate limiting, and compliance services; load balancing; image optimization; transport layer security (TLS), platform TLS, and certainly; and origin connect. It serves customers operating in digital publishing, media and entertainment, technology, online education, travel and hospitality, and financial services industries. The company was formerly known as SkyCache, Inc. and changed its name to Fastly, Inc. in May 2012. Fastly, Inc. was incorporated in 2011 and is headquartered in San Francisco, California.

FSLY Stock Price History

FSLY Stock News Headlines

7 Cheap Metaverse Stocks to Buy Now: May 2024
Contrasting ServiceNow (NYSE:NOW) and Fastly (NYSE:FSLY)
Analyst Ratings For Fastly
Fastly: Market's Concerns Were Valid
Why Fastly Stock Crashed Today
See More Headlines
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Company Calendar

Last Earnings
11/03/2021
Today
5/17/2024
Next Earnings (Estimated)
8/07/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Fax
N/A
Employees
1,207
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$14.61
High Stock Price Target
$25.00
Low Stock Price Target
$8.00
Potential Upside/Downside
+67.9%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
8 Analysts

Profitability

Net Income
$-133,090,000.00
Pretax Margin
-25.26%

Debt

Sales & Book Value

Annual Sales
$505.99 million
Book Value
$7.26 per share

Miscellaneous

Free Float
127,448,000
Market Cap
$1.19 billion
Optionable
Optionable
Beta
1.21
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FSLY Stock Analysis - Frequently Asked Questions

Should I buy or sell Fastly stock right now?

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Fastly in the last twelve months. There are currently 1 sell rating, 5 hold ratings, 1 buy rating and 1 strong buy rating for the stock. The consensus among Wall Street 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.
View FSLY analyst ratings
or view top-rated stocks.

What is Fastly's stock price target for 2024?

8 brokerages have issued 1-year price targets for Fastly's shares. Their FSLY share price targets range from $8.00 to $25.00. On average, they expect the company's stock price to reach $14.61 in the next twelve months. This suggests a possible upside of 67.9% from the stock's current price.
View analysts price targets for FSLY
or view top-rated stocks among Wall Street analysts.

How have FSLY shares performed in 2024?

Fastly's stock was trading at $17.80 at the beginning of 2024. Since then, FSLY shares have decreased by 51.1% and is now trading at $8.70.
View the best growth stocks for 2024 here
.

Are investors shorting Fastly?

Fastly saw a increase in short interest in April. As of April 30th, there was short interest totaling 12,540,000 shares, an increase of 9.1% from the April 15th total of 11,490,000 shares. Based on an average trading volume of 4,900,000 shares, the days-to-cover ratio is currently 2.6 days.
View Fastly's Short Interest
.

When is Fastly's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 7th 2024.
View our FSLY earnings forecast
.

How were Fastly's earnings last quarter?

Fastly, Inc. (NYSE:FSLY) released its quarterly earnings results on Wednesday, November, 3rd. The company reported ($0.11) EPS for the quarter, topping analysts' consensus estimates of ($0.45) by $0.34. The company earned $86.74 million during the quarter, compared to analysts' expectations of $84.23 million. Fastly had a negative trailing twelve-month return on equity of 15.82% and a negative net margin of 25.26%. During the same quarter in the previous year, the firm posted ($0.15) EPS.

What guidance has Fastly issued on next quarter's earnings?

Fastly updated its second quarter 2024 earnings guidance on Wednesday, May, 1st. The company provided earnings per share guidance of -0.100--0.060 for the period, compared to the consensus estimate of -0.020. The company issued revenue guidance of $130.0 million-$134.0 million, compared to the consensus revenue estimate of $140.2 million.

What is Joshua Bixby's approval rating as Fastly's CEO?

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.

What other stocks do shareholders of Fastly own?

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).

When did Fastly IPO?

Fastly (FSLY) raised $170 million in an initial public offering (IPO) on Friday, May 17th 2019. The company issued 11,300,000 shares at a price of $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.

Who are Fastly's major shareholders?

Fastly's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (9.94%), Mirae Asset Global Investments Co. Ltd. (0.87%), Jennison Associates LLC (0.77%), CANADA LIFE ASSURANCE Co (0.70%), Raymond James & Associates (0.38%) and BNP Paribas Financial Markets (0.22%). Insiders that own company stock include Adriel G Lares, Adriel G Lares, Artur Bergman, Brett Shirk, Christopher B Paisley, David Hornik, John S Marr Jr, Joshua Bixby, Paul Luongo, Richard Devon Daniels, Robert Eugene Watson, Ronald W Kisling and Todd Nightingale.
View institutional ownership trends
.

How do I buy shares of Fastly?

Shares of FSLY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:FSLY) was last updated on 5/17/2024 by MarketBeat.com Staff

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