NYSE:FSLY

Fastly (FSLY) Stock Forecast, Price & News

$19.17

+0.44 (+2.35%)

(As of 09/29/2023 ET)

Compare

Today's Range: $18.86
▼
$19.53
50-Day Range: $16.44
▼
$24.11
52-Week Range: $7.15
▼
$24.31

Volume: 2.14 million shs
Average Volume: 2.15 million shs
Market Capitalization: $2.48 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $16.83

Fastly MarketRank™ Forecast

Analyst Rating: Hold
2.10 Rating Score
Upside/Downside: 12.2% Downside
$16.83 Price Target
Short Interest: Bearish
10.91% of Shares Sold Short
Dividend Strength: N/A
Sustainability: -0.68
Upright™ Environmental Score
News Sentiment: 0.30
Based on 3 Articles This Week
Insider Trading: Selling Shares
$7.71 M Sold Last Quarter
Proj. Earnings Growth: Growing
From ($1.32) to ($1.16) Per Share

Overall MarketRank^™

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

1.26 out of 5 stars

Computer And Technology Sector

585th out of 608 stocks

Prepackaged Software Industry

197th out of 207 stocks

1.1

Analyst's Opinion

Consensus Rating
Fastly has received a consensus rating of Hold. The company's average rating score is 2.10, and is based on 3 buy ratings, 5 hold ratings, and 2 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $16.83, Fastly has a forecasted downside of 12.2% from its current price of $19.17.
Amount of Analyst Coverage
Fastly has only been the subject of 3 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
10.91% of the outstanding shares of Fastly have been sold short.
Short Interest Ratio / Days to Cover
Fastly has a short interest ratio ("days to cover") of 5.1.
Change versus previous month
Short interest in Fastly has recently increased by 0.57%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Fastly does not currently pay a dividend.
Dividend Growth
Fastly does not have a long track record of dividend growth.

3.4

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Fastly has received a 38.07% net impact score from Upright. Fastly seems to create the most significant positive value in categories "Taxes", "Knowledge infrastructure", and "Jobs". The positive contribution in the "Knowledge infrastructure" impact category is mostly driven by its "Data privacy tracking and control software", "Firewall software", "Antivirus software", "Quantum computing development environments", and "Data loss prevention software" products. See details.
Environmental Sustainability
The Environmental Impact score for Fastly is -0.68.

1.3

News and Social Media Coverage

News Sentiment
Fastly has a news sentiment score of 0.30. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.63 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Fastly this week, compared to 3 articles on an average week.
Search Interest
Only 31 people have searched for FSLY on MarketBeat in the last 30 days. This is a decrease of -11% compared to the previous 30 days.
MarketBeat Follows
Only 8 people have added Fastly to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Fastly insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $7,712,595.00 in company stock.
Percentage Held by Insiders
Only 7.60% of the stock of Fastly is held by insiders.
Percentage Held by Institutions
65.65% of the stock of Fastly is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Fastly are expected to grow in the coming year, from ($1.32) to ($1.16) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Fastly is -14.31, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Fastly is -14.31, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Fastly has a P/B Ratio of 2.47. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Fastly (NYSE:FSLY) Stock

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 Price History

30 days | 90 days | 365 days | Advanced Chart

FSLY Stock News Headlines

September 30, 2023 | americanbankingnews.com

Insider Selling: Fastly, Inc. (NYSE:FSLY) Insider Sells 17,500 Shares of Stock

September 25, 2023 | americanbankingnews.com

Insider Selling: Fastly, Inc. (NYSE:FSLY) EVP Sells 5,690 Shares of Stock

October 1, 2023 | Oxford Club (Ad)

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September 23, 2023 | finance.yahoo.com

Insider Sell: Executive Vice President, CRO Brett Shirk Sells 5,690 Shares of Fastly Inc

September 22, 2023 | americanbankingnews.com

Fastly (NYSE:FSLY) Trading Down 5.1% on Insider Selling

September 14, 2023 | finance.yahoo.com

Fastly Inc (FSLY): A Deep Dive into Its Performance Potential

September 13, 2023 | finance.yahoo.com

Insider Sell: Chief Architect Artur Bergman Sells 21,875 Shares of Fastly Inc (FSLY)

September 13, 2023 | seekingalpha.com

Fastly, Inc. (FSLY) Piper Sandler Growth Frontiers Conference (Transcript)

October 1, 2023 | Oxford Club (Ad)

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September 12, 2023 | msn.com

Momentum Is Now On Fastly's Side

September 10, 2023 | finance.yahoo.com

Fastly, Inc.'s (NYSE:FSLY) institutional investors lost 4.6% over the past week but have profited from longer-term gains

September 5, 2023 | msn.com

Fastly: Attractively Priced Amid Solid Turnaround

August 30, 2023 | msn.com

Citigroup Maintains Fastly Inc - (FSLY) Sell Recommendation

August 29, 2023 | finance.yahoo.com

Fastly Inc's Meteoric Rise: Unpacking the 49% Surge in Just 3 Months

August 17, 2023 | finance.yahoo.com

Fastly Expands Domains API and TLS Capabilities with Domainr Acquisition and General Availability of Certainly Certification Authority

August 8, 2023 | benzinga.com

Check Out What Whales Are Doing With FSLY

August 7, 2023 | seekingalpha.com

Fastly, Inc. (FSLY) Presents at KeyBanc Technology Leadership Forum 2023 (Transcript)

August 5, 2023 | seekingalpha.com

Fastly: Strong Q2, But Now Expensive (Rating Downgrade)

August 4, 2023 | markets.businessinsider.com

Robert W. Baird Keeps Their Hold Rating on Fastly (FSLY)

August 4, 2023 | benzinga.com

This Is What Whales Are Betting On Fastly

August 4, 2023 | finance.yahoo.com

Fastly Deploys Industry-Leading Threat Intelligence Capabilities to Publish Network Effect Threat Report

August 4, 2023 | finance.yahoo.com

Why Fastly Popped 19% This Week

August 4, 2023 | seekingalpha.com

Fastly: Don't Get Too Excited

August 4, 2023 | msn.com

Morgan Stanley Maintains Fastly Inc - (FSLY) Equal-Weight Recommendation

August 3, 2023 | msn.com

Fastly (NASDAQ:FSLY) Blasts Up On Earnings, Projections

August 3, 2023 | barrons.com

Fastly Stock Soars as Earnings Top Estimates and Revenue Guidance Raised

August 3, 2023 | msn.com

Why Fastly Stock Jumped on Thursday

See More Headlines

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FSLY Company Calendar

Last Earnings: 8/02/2023
Today: 10/01/2023
Next Earnings (Estimated): 11/01/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Prepackaged software
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NYSE:FSLY
CUSIP: N/A
CIK: 1517413
Web: www.fastly.com
Phone: (844) 432-7859
Fax: N/A
Employees: 1,112
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $16.83
High Stock Price Forecast: $26.50
Low Stock Price Forecast: $10.00
Forecasted Upside/Downside: -12.2%
Consensus Rating: Hold
Rating Score (0-4): 2.10
Research Coverage: 10 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($1.34)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-190,770,000.00
Net Margins: -35.34%
Pretax Margin: -35.31%
Return on Equity: -18.05%
Return on Assets: -9.53%

Debt

Debt-to-Equity Ratio: 0.49
Current Ratio: 3.84
Quick Ratio: 3.84

Sales & Book Value

Annual Sales: $432.73 million
Price / Sales: 5.72
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $7.77 per share
Price / Book: 2.47

Miscellaneous

Outstanding Shares: 129,200,000
Free Float: 119,381,000
Market Cap: $2.48 billion
Optionable: Optionable
Beta: 1.21

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Key Executives

Mr. Todd Nightingale (Age 43)
CEO & Director
Comp: $1.34M

Mr. Artur Bergman (Age 43)
Co-Founder, Chief Architect & Director
Comp: $479.63k

Mr. Ronald W. Kisling (Age 62)
Chief Financial Officer
Comp: $601.17k

Mr. Brett Shirk (Age 56)
Chief Revenue Officer
Comp: $1.34M

Mr. Bill Kaufmann
Chief Operations Officer

Mr. Tyler McMullen
Chief Technology Officer

Mr. Vernon P. Essi Jr.
Head of IR

Ms. Karen Greenstein
Gen. Counsel

Mr. Peter Alexander
Chief Marketing Officer

Ms. Puja Jaspal
Chief People Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

FSLY Stock - Frequently Asked Questions

Should I buy or sell Fastly stock right now?: 10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fastly in the last year. There are currently 2 sell ratings, 5 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street 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 forecast for 2023?: 10 analysts have issued 12-month price targets for Fastly's stock. Their FSLY share price forecasts range from $10.00 to $26.50. On average, they expect the company's stock price to reach $16.83 in the next twelve months. This suggests that the stock has a possible downside of 12.2%.
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 at the beginning of 2023. Since then, FSLY stock has increased by 134.1% and is now trading at $19.17.
View the best growth stocks for 2023 here.
When is Fastly's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our FSLY earnings forecast.
How were Fastly's earnings last quarter?: Fastly, Inc. (NYSE:FSLY) posted its earnings results on Wednesday, August, 2nd. The company reported ($0.32) EPS for the quarter, beating the consensus estimate of ($0.36) by $0.04. The firm had revenue of $122.83 million for the quarter, compared to the consensus estimate of $118.69 million. Fastly had a negative trailing twelve-month return on equity of 18.05% and a negative net margin of 35.34%.
What ETFs hold Fastly's stock?: 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).
What guidance has Fastly issued on next quarter's earnings?: Fastly issued an update on its third quarter 2023 earnings guidance on Wednesday, August, 2nd. The company provided EPS guidance of -$0.09--$0.07 for the period, compared to the consensus EPS estimate of -$0.05. The company issued revenue guidance of $125.00 million-$128.00 million, compared to the consensus revenue estimate of $126.14 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 $14.00-$16.00 per share. BofA Merrill Lynch, Credit Suisse and Citigroup served 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."
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.
What is Fastly's stock price today?: One share of FSLY stock can currently be purchased for approximately $19.17.
How much money does Fastly make?: Fastly (NYSE:FSLY) has a market capitalization of $2.48 billion and generates $432.73 million in revenue each year. The company earns $-190,770,000.00 in net income (profit) each year or ($1.34) on an earnings per share basis.
How many employees does Fastly have?: The company employs 1,112 workers across the globe.
How can I contact Fastly?: Fastly's mailing address is 475 BRANNAN SUITE 300, SAN FRANCISCO CA, 94107. The official website for the company is www.fastly.com. The company can be reached via phone at (844) 432-7859 or via email at ir@fastly.com.

This page (NYSE:FSLY) was last updated on 10/1/2023 by MarketBeat.com Staff

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