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Powerball jackpot rises to $1.04 billion after another drawing without a big winner
Promoting tradition as well as beans, Ethiopian coffee shops find fans far from home
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Will the Energy Sector Continue to Outshine the Market?
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
Borrowers are reassessing their budgets as student loan payments resume after pandemic pause
MarketBeat Week in Review – 9/25 - 9/29
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
Cyprus hails Moody's two-notch credit rating upgrade bringing the country into investment grade
Almost all of Nagorno-Karabakh's people have left, Armenia's government says
Better Than Oil Stocks (Ad)
Powerball jackpot rises to $1.04 billion after another drawing without a big winner
Promoting tradition as well as beans, Ethiopian coffee shops find fans far from home
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Will the Energy Sector Continue to Outshine the Market?
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
Borrowers are reassessing their budgets as student loan payments resume after pandemic pause
MarketBeat Week in Review – 9/25 - 9/29
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
Cyprus hails Moody's two-notch credit rating upgrade bringing the country into investment grade
Almost all of Nagorno-Karabakh's people have left, Armenia's government says
Better Than Oil Stocks (Ad)
Powerball jackpot rises to $1.04 billion after another drawing without a big winner
Promoting tradition as well as beans, Ethiopian coffee shops find fans far from home
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Will the Energy Sector Continue to Outshine the Market?
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
Borrowers are reassessing their budgets as student loan payments resume after pandemic pause
MarketBeat Week in Review – 9/25 - 9/29
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
Cyprus hails Moody's two-notch credit rating upgrade bringing the country into investment grade
Almost all of Nagorno-Karabakh's people have left, Armenia's government says
Better Than Oil Stocks (Ad)
Powerball jackpot rises to $1.04 billion after another drawing without a big winner
Promoting tradition as well as beans, Ethiopian coffee shops find fans far from home
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
ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability

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
0.39mentions of Fastly in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$7.81 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

584th out of 607 stocks

Prepackaged Software Industry

198th out of 208 stocks

See Top Rated MarketRank™ Stocks Here

FSLY stock logo

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

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 | Chaikin Analytics (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 | Chaikin Analytics (Ad)
Buy This Stock for AI Tidal Wave (not NVDA)
The internet boom made more millionaires than any tech  - Microsoft’s CEO says AI has even more potential. Here’s the #1 stock to buy.
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
9/30/2023
Next Earnings (Estimated)
11/01/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

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 BergmanMr. Artur Bergman (Age 43)
    Co-Founder, Chief Architect & Director
    Comp: $479.63k
  • Mr. Ronald W. KislingMr. Ronald W. Kisling (Age 62)
    Chief Financial Officer
    Comp: $601.17k
  • Mr. Brett ShirkMr. 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 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.
View FSLY analyst ratings or view top-rated stocks.

What is Fastly's stock price forecast for 2023?

10 brokerages 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 anticipate the company's stock price to reach $16.83 in the next year. 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 start of the year. 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) announced its quarterly earnings results on Wednesday, August, 2nd. The company reported ($0.32) EPS for the quarter, topping analysts' consensus estimates 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 net margin of 35.34% and a negative trailing twelve-month return on equity of 18.05%.

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 updated 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 earnings per share 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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