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NYSE:FSLY

Fastly - FSLY Stock Forecast, Price & News

$15.77
+0.23 (+1.48%)
(As of 03/23/2023 03:28 PM ET)
Add
Compare
Today's Range
$15.53
$16.55
50-Day Range
$9.62
$16.11
52-Week Range
$7.15
$20.03
Volume
2.39 million shs
Average Volume
4.92 million shs
Market Capitalization
$1.98 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$14.35

Fastly MarketRank™ Forecast

Analyst Rating
Hold
2.20 Rating Score
Upside/​Downside
10.2% Downside
$14.35 Price Target
Short Interest
Bearish
10.41% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.68
Upright™ Environmental Score
News Sentiment
0.32mentions of Fastly in the last 14 days
Based on 10 Articles This Week
Insider Trading
Selling Shares
$3.09 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($1.44) to ($1.29) Per Share

Overall MarketRank

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

1.78 out of 5 stars

Computer And Technology Sector

509th out of 602 stocks

Prepackaged Software Industry

176th out of 212 stocks


FSLY stock logo

About Fastly (NYSE:FSLY) Stock

Fastly, Inc. provides real-time content delivery network services. It offers edge compute, edge delivery, edge security, edge applications like load balancing and image optimization, video on demand, and managed edge delivery. 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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FSLY Stock News Headlines

Fastly, Inc. (NYSE:FSLY) EVP Sells $42,354.99 in Stock
The "King Of Quants" sees 10X potential...
Eric Fry believes he just discovered America's next "Wealth Supercluster" and it's forming in the place you'd least expect. Investors are already flocking there for a chance at 1,000%+ returns. Here's how you could join them before it's too late...
Fastly (NYSE:FSLY) Trading Up 3%
Fastly (FSLY) Just Overtook the 20-Day Moving Average
Bank Accounts: Frozen!
In 1990, the Brazilian government froze the bank accounts of thousands of citizens. In 2013, the victims were the people of Cyprus. In 2022, it hit closer to home — in Canada. And now the Federal Reserve System Docket No. OP-1670 reveals the plan to give the Fed the power to track and potentially even control your checking account. Not just the money you have in your account … But also, every single check, withdrawal, deposit and transaction. Practically everything you do with your money!
Is Fastly Stock a Buy Ahead of Earnings?
Down 77% in 2022, Is Fastly Stock a Buy in 2023?
Fastly Names Puja Jaspal as Chief People Officer
Why Fastly Stock Soared Today
See More Headlines
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FSLY Company Calendar

Last Earnings
11/03/2021
Today
3/23/2023
Next Earnings (Estimated)
5/03/2023
Fiscal Year End
12/31/2023

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 Forecast
$14.35
High Stock Price Forecast
$25.00
Low Stock Price Forecast
$8.00
Forecasted Upside/Downside
-7.7%
Consensus Rating
Hold
Rating Score (0-4)
2.20
Research Coverage
10 Analysts

Profitability

Net Income
$-190,770,000.00
Pretax Margin
-44.06%

Debt

Sales & Book Value

Annual Sales
$432.73 million
Book Value
$7.77 per share

Miscellaneous

Free Float
114,239,000
Market Cap
$1.95 billion
Optionable
Optionable
Beta
1.28

Key Executives

  • Artur BergmanArtur Bergman
    Executive Chairman & Chief Architect
  • Todd Nightingale
    President, Chief Executive Officer & Director
  • Ronald Wayne KislingRonald Wayne Kisling
    Chief Financial Officer
  • Tyler McMullen
    Chief Technology Officer
  • Mike Johnson
    Chief Information Security Officer













FSLY Stock - Frequently Asked Questions

Should I buy or sell Fastly stock right now?

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Fastly in the last twelve months. There are currently 3 sell ratings, 3 hold ratings, 3 buy ratings 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 forecast for 2023?

10 analysts have issued 1-year price objectives for Fastly's shares. Their FSLY share price forecasts range from $8.00 to $25.00. On average, they expect the company's share price to reach $14.35 in the next twelve months. This suggests that the stock has a possible downside of 7.7%.
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 the year. Since then, FSLY shares have increased by 89.7% and is now trading at $15.54.
View the best growth stocks for 2023 here
.

Are investors shorting Fastly?

Fastly saw a increase in short interest in February. As of February 15th, there was short interest totaling 12,870,000 shares, an increase of 10.8% from the January 31st total of 11,620,000 shares. Based on an average daily trading volume, of 4,350,000 shares, the short-interest ratio is presently 3.0 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, May 3rd 2023.
View our FSLY earnings forecast
.

How were Fastly's earnings last quarter?

Fastly, Inc. (NYSE:FSLY) issued its earnings results on Wednesday, November, 3rd. The company reported ($0.11) EPS for the quarter, topping the consensus estimate of ($0.45) by $0.34. The business earned $86.74 million during the quarter, compared to analysts' expectations of $84.23 million. Fastly had a negative net margin of 44.09% and a negative trailing twelve-month return on equity of 22.10%. During the same period in the prior year, the firm earned ($0.15) EPS.

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

Fastly updated its first quarter 2023 earnings guidance on Wednesday, February, 15th. The company provided earnings per share (EPS) guidance of -$0.12--$0.08 for the period, compared to the consensus earnings per share estimate of -$0.12. The company issued revenue guidance of $114.00 million-$117.00 million, compared to the consensus revenue estimate of $115.52 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 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.

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 a variety of institutional and retail investors. Top institutional shareholders include Legal & General Group Plc (5.37%), First Trust Advisors LP (5.16%), Point72 Asset Management L.P. (4.24%), Alyeska Investment Group L.P. (3.06%), Morgan Stanley (2.52%) and Geode Capital Management LLC (1.68%). 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, Sunil Dhaliwal, Todd Nightingale and Wolfgang Maasberg.
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.

What is Fastly's stock price today?

One share of FSLY stock can currently be purchased for approximately $15.54.

How much money does Fastly make?

Fastly (NYSE:FSLY) has a market capitalization of $1.95 billion and generates $432.73 million in revenue each year. The company earns $-190,770,000.00 in net income (profit) each year or ($1.58) 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 3/23/2023 by MarketBeat.com Staff