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S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
15 best consumer discretionary stocks for the rest of 2023
New CBOE “special perk” helps traders target income every weekend (Ad)
Stock market today: Wall Street extends its rally and closes at highest level since March 2022
Energy traders: A rebound is coming
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Kroger shares are begging to be bought 
Dallas Mavericks purchase turns LVS stock into a cheaper bet
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Behind the tech boom: Big price leaders selectively laying off
Earnings propel Crowdstrike, cybersecurity sector, to new highs
S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
15 best consumer discretionary stocks for the rest of 2023
New CBOE “special perk” helps traders target income every weekend (Ad)
Stock market today: Wall Street extends its rally and closes at highest level since March 2022
Energy traders: A rebound is coming
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Kroger shares are begging to be bought 
Dallas Mavericks purchase turns LVS stock into a cheaper bet
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Behind the tech boom: Big price leaders selectively laying off
Earnings propel Crowdstrike, cybersecurity sector, to new highs
S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
15 best consumer discretionary stocks for the rest of 2023
New CBOE “special perk” helps traders target income every weekend (Ad)
Stock market today: Wall Street extends its rally and closes at highest level since March 2022
Energy traders: A rebound is coming
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Kroger shares are begging to be bought 
Dallas Mavericks purchase turns LVS stock into a cheaper bet
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Behind the tech boom: Big price leaders selectively laying off
Earnings propel Crowdstrike, cybersecurity sector, to new highs

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

$18.05
+1.44 (+8.67%)
(As of 12/1/2023 ET)
Compare
Today's Range
$16.61
$18.06
50-Day Range
$14.13
$19.17
52-Week Range
$7.15
$24.31
Volume
2.98 million shs
Average Volume
3.42 million shs
Market Capitalization
$2.36 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$17.65

Fastly MarketRank™ Stock Analysis

Analyst Rating
Hold
2.27 Rating Score
Upside/​Downside
2.2% Downside
$17.65 Price Target
Short Interest
Healthy
7.56% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.68
Upright™ Environmental Score
News Sentiment
-0.53mentions of Fastly in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$11.80 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($1.20) to ($1.12) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.55 out of 5 stars

Computer And Technology Sector

535th out of 608 stocks

Prepackaged Software Industry

177th out of 202 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. It is a programmable platform designed for web and application delivery. The company offers Compute@Edge; 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, and modern protocols and performance services; and streaming solutions and services, including live streaming and media shield. It also provides edge security solutions, such as DDoS protection, next-gen WAF, bot protection, API and ATO protection, advanced rate limiting, and compliance services; transport layer security (TLS) and platform TLS; and origin connect. In addition, the company offers edge applications, such as load balancers and image optimizers; video on demand; and edge delivery services. It serves customers operating in digital publishing, media and entertainment, technology, online retail and education, SaaS, 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

MarketBeat Week in Review – 11/6 - 11/10 (FSLY)
Stocks closed the week with a strong rally, but the rally may reverse when investors get the latest information about inflation and retail stocks next week
Fastly shifts into the fast lane toward profits
Edge cloud platform operator Fastly delivered its second consecutive positive quarter of earnings, and investors are rewarding FSLY stock
All the trading advice you’ve ever received boils down to this
All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.
Cloud stocks surge double digits; big gains ahead
Cloud stocks get a ray of sunshine with solid Q3 results and improved guidance. Many stocks gained double-digits in a single day and have double-digits to go.
Fastly (NYSE:FSLY) Stock Price Down 4.4% on Insider Selling
All the trading advice you’ve ever received boils down to this
All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.
What's Going On With Fastly Inc Stock?
Fastly: Cloud Growth At A Rich Price
Fastly, Inc. (NYSE:FSLY) Q3 2023 Earnings Call Transcript
Fastly: Another Quarter, Same Issues
Fastly (FSLY) Q3 2023 Earnings Call Transcript
See More Headlines
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Company Calendar

Last Earnings
11/01/2023
Today
12/01/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/21/2024

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Fax
N/A
Employees
1,112
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$17.65
High Stock Price Target
$26.50
Low Stock Price Target
$10.00
Potential Upside/Downside
-2.2%
Consensus Rating
Hold
Rating Score (0-4)
2.27
Research Coverage
11 Analysts

Profitability

Net Income
$-190,770,000.00
Pretax Margin
-32.07%

Debt

Sales & Book Value

Annual Sales
$432.73 million
Book Value
$7.41 per share

Miscellaneous

Free Float
120,859,000
Market Cap
$2.36 billion
Optionable
Optionable
Beta
1.32
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FSLY Stock Analysis - Frequently Asked Questions

Should I buy or sell Fastly stock right now?

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.
View FSLY analyst ratings
or view top-rated stocks.

What is Fastly's stock price target for 2024?

11 equities research analysts have issued twelve-month price objectives for Fastly's stock. Their FSLY share price targets range from $10.00 to $26.50. On average, they anticipate the company's stock price to reach $17.65 in the next year. This suggests that the stock has a possible downside of 2.2%.
View analysts price targets for FSLY
or view top-rated stocks among Wall Street analysts.

How have FSLY shares performed in 2023?

Fastly's stock was trading at $8.19 on January 1st, 2023. Since then, FSLY stock has increased by 120.4% and is now trading at $18.05.
View the best growth stocks for 2023 here
.

Are investors shorting Fastly?

Fastly saw a drop in short interest during 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 days-to-cover ratio is currently 3.5 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, February 21st 2024.
View our FSLY earnings forecast
.

How were Fastly's earnings last quarter?

Fastly, Inc. (NYSE:FSLY) released its earnings results on Wednesday, November, 1st. The company reported ($0.33) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.37) by $0.04. The company earned $127.82 million during the quarter, compared to analysts' expectations of $126.21 million. Fastly had a negative net margin of 32.07% and a negative trailing twelve-month return on equity of 16.89%.

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

Fastly issued an update on its FY23 earnings guidance on Wednesday, November, 1st. The company provided earnings per share (EPS) 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.

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?

(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.

Who are Fastly's major shareholders?

Fastly's stock is owned by a number of institutional and retail investors. Top institutional investors 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.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NYSE:FSLY) was last updated on 12/2/2023 by MarketBeat.com Staff

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