Fastly (FSLY) Stock Forecast, Price & News

10 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 and 3 buy ratings 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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10 Wall Street research analysts have issued 12 month price objectives for Fastly's shares. Their FSLY share price forecasts range from $10.00 to $26.50. On average, they expect the company's share price to reach $16.83 in the next year. This suggests that the stock has a possible downside of 13.0%.
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Fastly's stock was trading at $8.19 at the start of the year. Since then, FSLY shares have increased by 136.3% and is now trading at $19.35.
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Fastly saw a increase in short interest in August. As of August 15th, there was short interest totaling 13,450,000 shares, an increase of 17.9% from the July 31st total of 11,410,000 shares. Based on an average daily volume of 3,020,000 shares, the days-to-cover ratio is presently 4.5 days.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
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Fastly, Inc. (NYSE:FSLY) issued its quarterly earnings results on Wednesday, August, 2nd. The company reported ($0.32) earnings per share for the quarter, topping the consensus estimate of ($0.36) by $0.04. The company earned $122.83 million during the quarter, compared to the consensus estimate of $118.69 million. Fastly had a negative net margin of 35.34% and a negative trailing twelve-month return on equity of 18.05%.

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 issued an update on its third quarter 2023 earnings guidance on Wednesday, August, 2nd. The company provided earnings per share guidance of -$0.09--$0.07 for the period, compared to the consensus 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.

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 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 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.

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

Fastly's stock is owned by many different retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (2.68%), Driehaus Capital Management LLC (2.32%), Goldman Sachs Group Inc. (2.30%), Geode Capital Management LLC (1.76%), Mirae Asset Global Investments Co. Ltd. (0.96%) and Northern Trust Corp (0.90%). 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, Kelly Wright, 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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One share of FSLY stock can currently be purchased for approximately $19.35.

Fastly (NYSE:FSLY) has a market capitalization of $2.50 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.

The company employs 1,112 workers across the globe.

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.