Fastly Stock Forecast, Price & News

Fastly's stock was trading at $15.27 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, FSLY stock has increased by 452.1% and is now trading at $84.30.
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14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fastly in the last year. There are currently 5 sell ratings, 5 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Fastly.

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Fastly is scheduled to release its next quarterly earnings announcement on Thursday, February 18th 2021.
View our earnings forecast for Fastly.

Fastly, Inc. (NYSE:FSLY) posted its earnings results on Wednesday, October, 28th. The company reported ($0.04) EPS for the quarter, topping the Thomson Reuters' consensus estimate of ($0.12) by $0.08. Fastly had a negative return on equity of 16.24% and a negative net margin of 24.07%.
View Fastly's earnings history.

Fastly updated its fourth quarter earnings guidance on Wednesday, October, 28th. The company provided earnings per share guidance of $(0.12)-(0.08) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.02). The company issued revenue guidance of $80-84 million, compared to the consensus revenue estimate of $88.57 million.

14 brokers have issued 12 month target prices for Fastly's stock. Their forecasts range from $24.00 to $105.00. On average, they expect Fastly's stock price to reach $68.50 in the next twelve months. This suggests that the stock has a possible downside of 18.7%.
View analysts' price targets for Fastly.

Fastly saw a increase in short interest during the month of October. As of October 30th, there was short interest totaling 14,920,000 shares, an increase of 135.3% from the October 15th total of 6,340,000 shares. Based on an average trading volume of 10,980,000 shares, the short-interest ratio is presently 1.4 days.
View Fastly's Short Interest.

Some companies that are related to Fastly include Synopsys (SNPS), CrowdStrike (CRWD), Splunk (SPLK), Cadence Design Systems (CDNS), Okta (OKTA), Atlassian (TEAM), Datadog (DDOG), ANSYS (ANSS), Paycom Software (PAYC), Slack Technologies (WORK), Cloudflare (NET), Coupa Software (COUP), Take-Two Interactive Software (TTWO), ZoomInfo Technologies (ZI) and HubSpot (HUBS).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Fastly investors own include NVIDIA (NVDA), DocuSign (DOCU), Square (SQ), Shopify (SHOP), Tesla (TSLA), Zoom Video Communications (ZM), The Trade Desk (TTD), CrowdStrike (CRWD), Teladoc Health (TDOC) and Twilio (TWLO).

(FSLY) raised $170 million in an initial public offering 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.

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

Fastly's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Morgan Stanley (7.43%), BlackRock Inc. (3.36%), First Trust Advisors LP (1.64%), Allianz Asset Management GmbH (1.12%), State Street Corp (0.92%) and Charles Schwab Investment Management Inc. (0.48%). Company insiders that own Fastly stock include Abdiel Capital Management, Llc, Adriel G Lares, Artur Bergman, August Capital Management Vi,, Christopher B Paisley, David Hornik, Joshua Bixby, Kelly Wright, Michael Mathews, Paul Luongo, Qualified Master Fund L Abdiel, Sunil Dhaliwal, W Eric Carlborg and Wolfgang Maasberg.
View institutional ownership trends for Fastly.

FSLY stock was sold by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Allianz Asset Management GmbH, King Luther Capital Management Corp, Great West Life Assurance Co. Can, Comerica Bank, Griffin Asset Management Inc., Harel Insurance Investments & Financial Services Ltd., and Sei Investments Co.. Company insiders that have sold Fastly company stock in the last year include Adriel G Lares, Artur Bergman, August Capital Management Vi,, Christopher B Paisley, Joshua Bixby, Kelly Wright, Paul Luongo, Sunil Dhaliwal, W Eric Carlborg, and Wolfgang Maasberg.
View insider buying and selling activity for Fastly.

FSLY stock was acquired by a variety of institutional investors in the last quarter, including Morgan Stanley, BlackRock Inc., Charles Schwab Investment Management Inc., Nikko Asset Management Americas Inc., JPMorgan Chase & Co., State Street Corp, Public Sector Pension Investment Board, and Natixis. Company insiders that have bought Fastly stock in the last two years include Abdiel Capital Management, Llc, Michael Mathews, and Qualified Master Fund L Abdiel.
View insider buying and selling activity for Fastly.

Shares of FSLY can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of FSLY stock can currently be purchased for approximately $84.30.

Fastly has a market capitalization of $8.63 billion and generates $200.46 million in revenue each year. The company earns $-51,550,000.00 in net income (profit) each year or ($0.70) on an earnings per share basis. Fastly employs 752 workers across the globe.

The official website for Fastly is www.fastly.com.

Fastly's mailing address is 475 BRANNAN SUITE 300, SAN FRANCISCO CA, 94107. The company can be reached via phone at 415-525-3481 or via email at [email protected]