NYSE:FSLY Fastly (FSLY) Stock Forecast, Price & News $16.49 +0.15 (+0.92%) (As of 06/2/2023 06:40 PM ET) Add Compare Share Share Today's Range$16.09▼$16.8550-Day Range$11.78▼$17.7652-Week Range$7.15▼$18.08Volume2.62 million shsAverage Volume4.07 million shsMarket Capitalization$2.09 billionP/E RatioN/ADividend YieldN/APrice Target$16.00 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Fastly MarketRank™ ForecastAnalyst RatingHold2.27 Rating ScoreUpside/Downside3.0% Downside$16.00 Price TargetShort InterestHealthy9.60% of Shares Sold ShortDividend StrengthN/ASustainability-0.68Upright™ Environmental ScoreNews Sentiment0.04Based on 14 Articles This WeekInsider TradingSelling Shares$3.90 M Sold Last QuarterProj. Earnings GrowthGrowingFrom ($1.28) to ($1.13) Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.62 out of 5 starsComputer And Technology Sector508th out of 606 stocksPrepackaged Software Industry171st out of 217 stocks 1.1 Analyst's Opinion Consensus RatingFastly has received a consensus rating of Hold. The company's average rating score is 2.27, and is based on 3 buy ratings, 5 hold ratings, and 2 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $16.00, Fastly has a forecasted downside of 3.0% from its current price of $16.49.Amount of Analyst CoverageFastly has only been the subject of 4 research reports in the past 90 days. Previous Next 4.0 Short Interest Percentage of Shares Shorted9.60% of the outstanding shares of Fastly have been sold short.Short Interest Ratio / Days to CoverFastly has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Fastly has recently decreased by 5.72%, indicating that investor sentiment is improving significantly. Previous Next 0.0 Dividend Strength Dividend YieldFastly does not currently pay a dividend.Dividend GrowthFastly does not have a long track record of dividend growth. Previous Next 3.4 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreFastly 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 SustainabilityThe Environmental Impact score for Fastly is -0.68. Previous Next 1.7 News and Social Media Coverage News SentimentFastly has a news sentiment score of 0.04. 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 0.52 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 14 news articles for Fastly this week, compared to 5 articles on an average week.Search InterestOnly 37 people have searched for FSLY on MarketBeat in the last 30 days. This is a decrease of -20% compared to the previous 30 days.MarketBeat FollowsOnly 7 people have added Fastly to their MarketBeat watchlist in the last 30 days. This is a decrease of -46% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn 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 $3,896,962.00 in company stock.Percentage Held by InsidersOnly 8.90% of the stock of Fastly is held by insiders.Percentage Held by Institutions60.74% of the stock of Fastly is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Fastly are expected to grow in the coming year, from ($1.28) to ($1.13) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Fastly is -11.78, 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. SectorThe P/E ratio of Fastly is -11.78, 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 RatioFastly has a P/B Ratio of 2.18. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Fastly (NYSE:FSLY) StockFastly, 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.Read More Receive FSLY Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Fastly and its competitors with MarketBeat's FREE daily newsletter. Email Address FSLY Stock News HeadlinesJune 5, 2023 | americanbankingnews.comFastly, Inc. (NYSE:FSLY) Receives $16.00 Average Price Target from AnalystsJune 4, 2023 | americanbankingnews.comRonald W. Kisling Sells 1,178 Shares of Fastly, Inc. (NYSE:FSLY) StockJune 5, 2023 | Edge On The Street (Ad)New "Mined in America" Lithium Opportunities?The average electric vehicle needs 138 pounds of lithium carbonate for its battery components. But China currently controls the entire lithium supply chain.June 3, 2023 | americanbankingnews.comInsider Selling: Fastly, Inc. (NYSE:FSLY) Insider Sells 11,163 Shares of StockJune 1, 2023 | 247wallst.comUnusual Call Option Trade in Fastly Worth $116KJune 1, 2023 | americanbankingnews.comInsider Selling: Fastly, Inc. (NYSE:FSLY) Insider Sells 3,200 Shares of StockMay 31, 2023 | msn.comUnusual Call Option Trade in Fastly Inc - (FSLY) Worth $116.00KMay 31, 2023 | seekingalpha.comFastly: Resurging As A Promising Investment OpportunityJune 5, 2023 | Edge On The Street (Ad)AI industry Is Exploding! New Breakthrough Expected this SummerBill Gates says the AI Era has begun. Every tech company is looking to integrate artificial intelligence. A young company holds the secret to the next biggest AI advancement.May 27, 2023 | americanbankingnews.comInsider Selling: Fastly, Inc. (NYSE:FSLY) Insider Sells 2,700 Shares of StockMay 26, 2023 | msn.comFastly: Powerful TailwindsMay 26, 2023 | americanbankingnews.comBrett Shirk Sells 7,000 Shares of Fastly, Inc. (NYSE:FSLY) StockMay 24, 2023 | finance.yahoo.comAre Computer and Technology Stocks Lagging BlackBerry (BB) This Year?May 22, 2023 | finance.yahoo.comFastly to Host Investor Day on June 22, 2023May 21, 2023 | americanbankingnews.comFastly, Inc. (NYSE:FSLY) EVP Sells $115,672.11 in StockMay 21, 2023 | americanbankingnews.comInsider Selling: Fastly, Inc. (NYSE:FSLY) Insider Sells $180,508.02 in StockMay 20, 2023 | morningstar.comFastly Inc Class AMay 20, 2023 | americanbankingnews.comInsider Selling: Fastly, Inc. (NYSE:FSLY) CFO Sells 15,107 Shares of StockMay 18, 2023 | americanbankingnews.comShort Interest in Fastly, Inc. (NYSE:FSLY) Decreases By 5.6%May 14, 2023 | finance.yahoo.comFastly (NYSE:FSLY) shareholders are up 10% this past week, but still in the red over the last three yearsMay 11, 2023 | americanbankingnews.comFastly, Inc. (NYSE:FSLY) Receives $16.00 Consensus Price Target from AnalystsMay 10, 2023 | msn.comFastly to repurchase ~$236.4M of notes for ~$195MMay 10, 2023 | americanbankingnews.comFinancial Contrast: Fastly (NYSE:FSLY) vs. Gorilla Technology Group (NASDAQ:GRRR)May 10, 2023 | americanbankingnews.comDA Davidson Weighs in on Fastly, Inc.'s Q2 2023 Earnings (NYSE:FSLY)May 9, 2023 | msn.comAre Computer and Technology Stocks Lagging Fastly (FSLY) This Year?May 8, 2023 | americanbankingnews.comFastly's (FSLY) "Maintains" Rating Reaffirmed at 92 ResourcesMay 3, 2023 | finance.yahoo.comFastly (FSLY) Q1 2023 Earnings Call TranscriptSee More Headlines FSLY Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart FSLY Company Calendar Last Earnings11/03/2021Today6/05/2023Next Earnings (Estimated)8/02/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Prepackaged software Sub-IndustryN/A SectorComputer and Technology Current SymbolNYSE:FSLY CUSIPN/A CIK1517413 Webwww.fastly.com Phone(844) 432-7859FaxN/AEmployees1,112Year FoundedN/APrice Target and Rating Average Stock Price Forecast$16.00 High Stock Price Forecast$26.50 Low Stock Price Forecast$8.00 Forecasted Upside/Downside-3.0%Consensus RatingHold Rating Score (0-4)2.27 Research Coverage11 Analysts Profitability EPS (Most Recent Fiscal Year)($1.40) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-190,770,000.00 Net Margins-38.22% Pretax Margin-38.18% Return on Equity-20.22% Return on Assets-10.31% Debt Debt-to-Equity Ratio0.75 Current Ratio5.28 Quick Ratio5.28 Sales & Book Value Annual Sales$432.73 million Price / Sales4.84 Cash FlowN/A Price / Cash FlowN/A Book Value$7.77 per share Price / Book2.12Miscellaneous Outstanding Shares127,000,000Free Float117,348,000Market Cap$2.09 billion OptionableOptionable Beta1.31 Key ExecutivesArtur BergmanExecutive Chairman & Chief ArchitectTodd NightingalePresident, Chief Executive Officer & DirectorRonald Wayne KislingChief Financial OfficerTyler McMullenChief Technology OfficerNick RockwellSenior Vice President-EngineeringKey CompetitorsAvidXchangeNASDAQ:AVDXEverCommerceNASDAQ:EVCMForgeRockNYSE:FORGOperaNASDAQ:OPRASprout SocialNASDAQ:SPTView All CompetitorsInsiders & InstitutionsRonald W KislingSold 1,178 sharesTotal: $18,459.26 ($15.67/share)Brett ShirkSold 585 sharesTotal: $9,166.95 ($15.67/share)Artur BergmanSold 11,163 sharesTotal: $177,603.33 ($15.91/share)ProShare Advisors LLCSold 1,665 shares on 5/26/2023Ownership: 0.011%Artur BergmanSold 3,200 sharesTotal: $48,544.00 ($15.17/share)View All Insider TransactionsView All Institutional Transactions FSLY Stock - Frequently Asked Questions Should I buy or sell Fastly stock right now? 11 Wall Street 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 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? 11 analysts have issued 1 year price objectives for Fastly's shares. Their FSLY share price forecasts range from $8.00 to $26.50. On average, they expect the company's share price to reach $16.00 in the next year. This suggests that the stock has a possible downside of 3.0%. 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 101.3% and is now trading at $16.49. View the best growth stocks for 2023 here. Are investors shorting Fastly? Fastly saw a decrease in short interest in the month of May. As of May 15th, there was short interest totaling 12,190,000 shares, a decrease of 5.7% from the April 30th total of 12,930,000 shares. Based on an average daily volume of 3,540,000 shares, the days-to-cover ratio is currently 3.4 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, August 2nd 2023. View our FSLY earnings forecast. How were Fastly's earnings last quarter? Fastly, Inc. (NYSE:FSLY) announced its earnings results on Wednesday, November, 3rd. The company reported ($0.11) earnings per share for the quarter, topping analysts' consensus estimates of ($0.45) by $0.34. The business had revenue of $86.74 million for the quarter, compared to analyst estimates of $84.23 million. Fastly had a negative net margin of 38.22% and a negative trailing twelve-month return on equity of 20.22%. During the same period in the prior year, the firm earned ($0.15) EPS. What ETFs hold Fastly's stock? ETFs with the largest weight of Fastly (NYSE:FSLY) stock in their portfolio include SPDR S&P Internet ETF (XWEB), WisdomTree Cybersecurity Fund (WCBR), Direxion Moonshot Innovators ETF (MOON), Simplify Volt Cloud and Cybersecurity Disruption ETF (VCLO), Global X Cloud Computing ETF (CLOU), Invesco DWA Technology Momentum ETF (PTF), WisdomTree Cloud Computing Fund (WCLD) and What guidance has Fastly issued on next quarter's earnings? Fastly updated its second quarter 2023 earnings guidance on Wednesday, May, 3rd. The company provided EPS guidance of -$0.11--$0.09 for the period, compared to the consensus estimate of -$0.08. The company issued revenue guidance of $117.00 million-$120.00 million, compared to the consensus revenue estimate of $118.50 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 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 many different institutional and retail investors. Top institutional investors include First Trust Advisors LP (3.69%), Dimensional Fund Advisors LP (2.31%), Geode Capital Management LLC (1.71%), Two Sigma Investments LP (1.40%), Two Sigma Advisers LP (1.34%) and Mirae Asset Global Investments Co. Ltd. (0.92%). 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 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. What is Fastly's stock price today? One share of FSLY stock can currently be purchased for approximately $16.49. How much money does Fastly make? Fastly (NYSE:FSLY) has a market capitalization of $2.09 billion and generates $432.73 million in revenue each year. The company earns $-190,770,000.00 in net income (profit) each year or ($1.40) 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 6/5/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Fastly, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. 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