Fastly Stock Forecast, Price & News

$43.08
+0.43 (+1.01 %)
(As of 09/23/2021 12:00 AM ET)
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Today's Range
$42.02
$43.35
50-Day Range
$39.22
$52.46
52-Week Range
$33.87
$136.50
Volume1.77 million shs
Average Volume4.65 million shs
Market Capitalization$5.02 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.08
30 days | 90 days | 365 days | Advanced Chart
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Fastly logo

About Fastly

Fastly, Inc. provides real-time content delivery network services. It offers edge cloud platform, edge software development kit (SDK), content delivery and image optimization, video and streaming, cloud security, load balancing, and managed CDN. The company was founded by Artur Bergman, Tyler McMullen, Simon Wistow, and Gil Penchina in March 2011 and is headquartered in San Francisco, CA.

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MarketRank

Overall MarketRank

2.27 out of 5 stars

Computer And Technology Sector

236th out of 858 stocks

Prepackaged Software Industry

54th out of 251 stocks

Analyst Opinion: 3.9Community Rank: 4.1Dividend Strength: 0.0Insider Behavior: 3.3Valuation: 0.0 5 -4 -3 -2 -1 -
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Fastly (NYSE:FSLY) Frequently Asked Questions

Is Fastly a buy right now?

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Fastly in the last twelve months. There are currently 3 sell ratings and 10 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Fastly stock. 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 analyst ratings for Fastly
or view top-rated stocks.

What stocks does MarketBeat like better than Fastly?

Wall Street analysts have given Fastly a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Fastly wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Fastly?

Fastly saw a decline in short interest during the month of August. As of August 13th, there was short interest totaling 18,820,000 shares, a decline of 12.8% from the July 29th total of 21,580,000 shares. Based on an average trading volume of 4,800,000 shares, the days-to-cover ratio is presently 3.9 days. Approximately 18.1% of the company's shares are short sold.
View Fastly's Short Interest
.

When is Fastly's next earnings date?

Fastly is scheduled to release its next quarterly earnings announcement on Wednesday, October 27th 2021.
View our earnings forecast for Fastly
.

How were Fastly's earnings last quarter?

Fastly, Inc. (NYSE:FSLY) released its quarterly earnings results on Wednesday, August, 4th. The company reported ($0.15) earnings per share for the quarter, beating analysts' consensus estimates of ($0.34) by $0.19. The company had revenue of $85.03 million for the quarter, compared to analyst estimates of $85.98 million. Fastly had a negative trailing twelve-month return on equity of 16.57% and a negative net margin of 55.22%. The firm's revenue was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.02 EPS.
View Fastly's earnings history
.

How has Fastly's stock price been impacted by Coronavirus?

Fastly's stock was trading at $15.27 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, FSLY stock has increased by 182.1% and is now trading at $43.08.
View which stocks have been most impacted by COVID-19
.

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

Fastly updated its FY 2021 earnings guidance on Wednesday, August, 25th. The company provided earnings per share (EPS) guidance of $-0.650-$-0.570 for the period, compared to the Thomson Reuters consensus estimate of $-0.430. The company issued revenue guidance of $340 million-$350 million, compared to the consensus revenue estimate of $382.34 million.

What price target have analysts set for FSLY?

13 equities research analysts have issued twelve-month price targets for Fastly's shares. Their forecasts range from $32.00 to $95.00. On average, they expect Fastly's share price to reach $62.00 in the next twelve months. This suggests a possible upside of 43.9% from the stock's current price.
View analysts' price targets for Fastly
or view top-rated stocks among Wall Street analysts.

Who are Fastly's key executives?

Fastly's management team includes the following people:
  • Artur Bergman, Executive Chairman & Chief Architect
  • Joshua Bixby, Chief Executive Officer & Director
  • Adriel G. Lares, Chief Financial Officer
  • Tyler McMullen, Chief Technology Officer
  • Mike Johnson, Chief Information Security Officer

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

16 employees have rated Fastly CEO Joshua Bixby on Glassdoor.com. Joshua Bixby has an approval rating of 100% among Fastly'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), Square (SQ), Shopify (SHOP), Tesla (TSLA), Zoom Video Communications (ZM), The Trade Desk (TTD), CrowdStrike (CRWD), Teladoc Health (TDOC) and Twilio (TWLO).

When did Fastly IPO?

(FSLY) raised $170 million in an 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.

What is Fastly's stock symbol?

Fastly trades on the New York Stock Exchange (NYSE) under the ticker symbol "FSLY."

Who are Fastly's major shareholders?

Fastly's stock is owned by many different institutional and retail investors. Top institutional shareholders include Morgan Stanley (11.55%), Abdiel Capital Advisors LP (10.18%), Vanguard Group Inc. (7.44%), Susquehanna International Group LLP (0.00%), BlackRock Inc. (3.66%) and First Trust Advisors LP (3.62%). Company insiders that own Fastly stock include Abdiel Capital Management, Llc, Adriel G Lares, Artur Bergman, August Capital Management Vi,, Brett Shirk, Christopher B Paisley, David Hornik, John S Marr Jr, Joshua Bixby, Kelly Wright, Mark A Ledoux, Paul Luongo, Robert Eugene Watson, Sunil Dhaliwal, W Eric Carlborg and Wolfgang Maasberg.
View institutional ownership trends for Fastly
.

Which institutional investors are selling Fastly stock?

FSLY stock was sold by a variety of institutional investors in the last quarter, including Allianz Asset Management GmbH, PEAK6 Investments LLC, Credit Suisse AG, Vanguard Group Inc., Millennium Management LLC, Twin Tree Management LP, Caas Capital Management LP, and CRV LLC. Company insiders that have sold Fastly company stock in the last year include Adriel G Lares, Artur Bergman, Brett Shirk, Christopher B Paisley, John S Marr Jr, Joshua Bixby, Kelly Wright, Mark A Ledoux, and Paul Luongo.
View insider buying and selling activity for Fastly
or view top insider-selling stocks.

Which institutional investors are buying Fastly stock?

FSLY stock was acquired by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Susquehanna International Group LLP, Parsifal Capital Management LP, Abdiel Capital Advisors LP, BlackRock Inc., Simplex Trading LLC, Morgan Stanley, and State Street Corp. Company insiders that have bought Fastly stock in the last two years include Abdiel Capital Management, Llc, and Robert Eugene Watson.
View insider buying and selling activity for Fastly
or or view top insider-buying stocks.

How do I buy shares of Fastly?

Shares of FSLY 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.
Compare Top Brokerages Here.

What is Fastly's stock price today?

One share of FSLY stock can currently be purchased for approximately $43.08.

How much money does Fastly make?

Fastly has a market capitalization of $5.02 billion and generates $290.87 million in revenue each year. The company earns $-95,930,000.00 in net income (profit) each year or ($0.80) on an earnings per share basis.

How many employees does Fastly have?

Fastly employs 939 workers across the globe.

What is Fastly's official website?

The official website for Fastly is www.fastly.com.

Where are Fastly's headquarters?

How can I contact Fastly?

Fastly's mailing address is 475 BRANNAN SUITE 300, SAN FRANCISCO CA, 94107. The company can be reached via phone at (415) 604-5348 or via email at [email protected].


This page was last updated on 9/24/2021 by MarketBeat.com Staff
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