NYSE:FSLY

Fastly - FSLY Stock Forecast, Price & News

$9.16

+0.18 (+2.00%)

(As of 09/30/2022 05:36 PM ET)

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Today's Range: $8.95
▼
$9.53
50-Day Range: $8.19
▼
$13.21
52-Week Range: $8.12
▼
$58.62

Volume: 3.78 million shs
Average Volume: 4.62 million shs
Market Capitalization: $1.12 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $14.25

Fastly MarketRank™ Forecast

Analyst Rating: Hold
1.75 Rating Score
Upside/Downside: 55.6% Upside
$14.25 Price Target
Short Interest: Bearish
10.77% of Shares Sold Short
Dividend Strength: N/A
Sustainability: -0.68
Upright™ Environmental Score
News Sentiment: 0.07
Based on 3 Articles This Week
Insider Trading: Selling Shares
$858,196 Sold Last Quarter
Proj. Earnings Growth: Growing
From ($1.89) to ($1.78) Per Share

Overall MarketRank^™

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

1.89 out of 5 stars

Computer And Technology Sector

513th out of 650 stocks

Prepackaged Software Industry

186th out of 227 stocks

2.9

Analyst's Opinion

Consensus Rating
Fastly has received a consensus rating of Hold. The company's average rating score is 1.75, and is based on no buy ratings, 3 hold ratings, and 4 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $14.25, Fastly has a forecasted upside of 55.6% from its current price of $9.16.
Amount of Analyst Coverage
Fastly has only been the subject of 4 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
10.77% of the outstanding shares of Fastly have been sold short.
Short Interest Ratio / Days to Cover
Fastly has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Fastly has recently increased by 0.46%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Fastly does not currently pay a dividend.
Dividend Growth
Fastly does not have a long track record of dividend growth.

3.4

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Fastly 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 Sustainability
The Environmental Impact score for Fastly is -0.68.

1.2

News and Social Media Coverage

News Sentiment
Fastly has a news sentiment score of 0.07. 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 0.53 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Fastly this week, compared to 7 articles on an average week.
Search Interest
Only 21 people have searched for FSLY on MarketBeat in the last 30 days. This is a decrease of -52% compared to the previous 30 days.
MarketBeat Follows
Only 7 people have added Fastly to their MarketBeat watchlist in the last 30 days. This is a decrease of -36% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In 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 $858,196.00 in company stock.
Percentage Held by Insiders
Only 8.90% of the stock of Fastly is held by insiders.
Percentage Held by Institutions
65.42% of the stock of Fastly is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Fastly are expected to grow in the coming year, from ($1.89) to ($1.78) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Fastly is -5.55, 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. Sector
The P/E ratio of Fastly is -5.55, 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 Ratio
Fastly has a P/B Ratio of 1.06. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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 [email protected]; developer hub that includes solution library patterns and recipes, API and language references, change logs, and Fastly Fiddle solutions; device detection and geolocation, edge dictionaries, edge access control lists, and edge authentication services; full site delivery services, such as dynamic site acceleration, origin shield, instant purge, surrogate keys, real-time logging and stats, cloud optimizer, programmatic control, edge databases, content compression, reliability, and modern protocols and performance services; and streaming solutions and services, including live streaming, media shield, and origin connect. It also provides edge security solutions, such as DDoS protection and cloud, edge web application firewall (WAF), transport layer security (TLS), platform TLS, and compliance services; unified web application and API protection solutions that includes runtime self-application protection, advanced rate limiting, API and ATO protection, account takeover protection, bot protection, and next generation WAF. In addition, the company offers edge applications, such as load balancers and image optimizers; video on demand; and managed edge delivery services. It serves customers operating in digital publishing, media and entertainment, technology, online retail, 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.

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FSLY Stock News Headlines

September 29, 2022 | seekingalpha.com

ZIM Integrated Stock: The Rebound Is Near (Technical Analysis) (NYSE:ZIM) - Seeking Alpha

September 29, 2022 | wsj.com

Fastly Inc. Cl A

September 30, 2022 | Investing Trends (Ad)

The NEW US – RUSSIA COLD WAR

In response to Putin's invasion of Ukraine, the US dusted off a Cold War-era power and invoked the 1950's Defense Production Act. It calls for the support of mining and manufacturing of critical minerals such as copper, to speed up the transition to green energy. But with Russia sitting on the world's third-largest reserves of copper, new sources of mining are desperately needed.

September 27, 2022 | seekingalpha.com

Fastly Stock: Too Cheap To Ignore (NYSE:FSLY) - Seeking Alpha

September 21, 2022 | americanbankingnews.com

Brett Shirk Sells 7,000 Shares of Fastly, Inc. (NYSE:FSLY) Stock

September 20, 2022 | techcrunch.com

DTCP, the former venture arm of Deutsche Telekom, taps SoftBank as an anchor LP for its next $500-600M fund - TechCrunch

September 15, 2022 | finance.yahoo.com

Positive week for Fastly, Inc. (NYSE:FSLY) institutional investors who lost 78% over the past year

September 14, 2022 | celticswire.usatoday.com

Celtics' Wyc Grousbeck's Cincoro Tequila to release new luxury blend - Celtics Wire

September 30, 2022 | Investing Trends (Ad)

The NEW US – RUSSIA COLD WAR

September 10, 2022 | benzinga.com

Coupa Software (NASDAQ:COUP), Fastly (NYSE:FSLY) – Web3.0 Innovation Expected to be a Six Trillion Dollar - Benzinga

September 10, 2022 | nasdaq.com

Nasdaq Bear Market: 5 Unparalleled Growth Stocks You'll Regret Not Buying on the Dip - Nasdaq

September 6, 2022 | streetinsider.com

Lead Edge Capital Welcomes Susie Bihler as New Partner - StreetInsider.com

September 6, 2022 | businesswire.com

Fastly Named a Challenger in Gartner® Magic Quadrant™ for Web Application and API Protection - Business Wire

September 2, 2022 | nasdaq.com

Fastly Inc - Class A Shares Fall 3.4% Below Previous 52-Week Low - Market Mover - Nasdaq

August 31, 2022 | seekingalpha.com

Fastly's Poor Performance Continues (NYSE:FSLY) - Seeking Alpha

August 26, 2022 | nasdaq.com

3 Wild Metrics Highlight Snowflake's Staggering Momentum - Nasdaq

August 26, 2022 | fool.com

3 Wild Metrics Highlight Snowflake's Staggering Momentum - The Motley Fool

August 24, 2022 | nasdaq.com

Fastly Inc - Class A Shares Close in on 52-Week Low - Market Mover

August 24, 2022 | seekingalpha.com

Fastly: Remaining Sidelined For Now Until Profitability Improves

August 21, 2022 | nasdaq.com

Institutional owners may consider drastic measures as Fastly, Inc.'s (NYSE:FSLY) recent US$53m drop adds to long-term losses

August 18, 2022 | fool.com

This Analyst Thinks Fastly Stock Will More Than Double - The Motley Fool

August 14, 2022 | seekingalpha.com

Hold On For The Fastly Buyout (NYSE:FSLY) - Seeking Alpha

August 12, 2022 | finance.yahoo.com

Fastly's Price Target Cut By 29% As Near-Term Revenue Growth Missed Its Expectations

August 9, 2022 | nasdaq.com

3 Reasons to Buy Cloudflare Stock, and 1 Reason to Sell - Nasdaq

August 9, 2022 | fool.com

3 Reasons to Buy Cloudflare Stock, and 1 Reason to Sell - The Motley Fool

August 8, 2022 | businesswire.com

INVISV Launches PGPP (Pretty Good Phone Privacy) to Provide a New Level of Privacy for Mobile Communications - Business Wire

August 5, 2022 | uk.investing.com

Fastly, Inc. Misses Q2 EPS by 6c, Offers Guidance By Investing.com - Investing.com UK

See More Headlines

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FSLY Company Calendar

Last Earnings: 11/03/2021
Today: 9/30/2022
Next Earnings (Estimated): 11/02/2022
Fiscal Year End: 12/31/2022

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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: (415) 604-5348
Fax: N/A
Employees: 976
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $14.25
High Stock Price Forecast: $25.00
Low Stock Price Forecast: $9.00
Forecasted Upside/Downside: +55.6%
Consensus Rating: Hold
Rating Score (0-4): 1.75
Research Coverage: 8 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($1.65)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-222,700,000.00
Net Margins: -49.93%
Pretax Margin: -49.87%
Return on Equity: -22.21%
Return on Assets: -10.62%

Debt

Debt-to-Equity Ratio: 0.73
Current Ratio: 4.11
Quick Ratio: 4.11

Sales & Book Value

Annual Sales: $354.33 million
Price / Sales: 3.15
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $8.63 per share
Price / Book: 1.06

Miscellaneous

Outstanding Shares: 122,000,000
Free Float: 111,142,000
Market Cap: $1.12 billion
Optionable: Optionable
Beta: 1.43

Key Executives

Mr. Artur Bergman (Age 42)
Co-Founder, Exec. Chairman & Chief Architect
Comp: $532.64k

Mr. Joshua Bixby (Age 44)
CEO & Director
Comp: $532.98k

Mr. Ronald W. Kisling (Age 61)
Chief Financial Officer
Comp: $663.17k

Mr. Brett Shirk (Age 55)
Chief Revenue Officer
Comp: $692.84k

Mr. Bill Kaufmann
Chief Operations Officer

Mr. Tyler McMullen
Chief Technology Officer

Ms. Maria Salazar Lukens
VP of Investor Relations

Ms. Margaret Arakawa
Chief Marketing Officer

Ms. Erica Perkins
VP of People

Ms. Doniel N. Sutton (Age 48)
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?: 8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Fastly in the last year. There are currently 4 sell ratings, 3 hold ratings and 1 strong buy rating 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 2022?: 8 analysts have issued twelve-month price targets for Fastly's shares. Their FSLY share price forecasts range from $9.00 to $25.00. On average, they expect the company's share price to reach $14.25 in the next year. This suggests a possible upside of 58.7% from the stock's current price.
View analysts price targets for FSLY or view top-rated stocks among Wall Street analysts.
How have FSLY shares performed in 2022?: Fastly's stock was trading at $35.45 at the start of the year. Since then, FSLY stock has decreased by 74.7% and is now trading at $8.98.
View the best growth stocks for 2022 here.
Are investors shorting Fastly?: Fastly saw a increase in short interest in August. As of August 31st, there was short interest totaling 13,080,000 shares, an increase of 22.1% from the August 15th total of 10,710,000 shares. Based on an average trading volume of 4,150,000 shares, the days-to-cover ratio is presently 3.2 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, November 2nd 2022.
View our FSLY earnings forecast.
How were Fastly's earnings last quarter?: Fastly, Inc. (NYSE:FSLY) released its quarterly earnings data on Wednesday, November, 3rd. The company reported ($0.11) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.45) by $0.34. The company earned $86.74 million during the quarter, compared to the consensus estimate of $84.23 million. Fastly had a negative trailing twelve-month return on equity of 22.21% and a negative net margin of 49.93%. During the same period in the previous year, the company earned ($0.15) earnings per share.
What guidance has Fastly issued on next quarter's earnings?: Fastly issued an update on its third quarter 2022 earnings guidance on Wednesday, August, 10th. The company provided EPS guidance of -$0.18--$0.15 for the period, compared to the consensus EPS estimate of -$0.14. The company issued revenue guidance of $102.00 million-$105.00 million, compared to the consensus revenue estimate of $100.42 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 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.
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 $8.98.
How much money does Fastly make?: Fastly (NYSE:FSLY) has a market capitalization of $1.10 billion and generates $354.33 million in revenue each year. The company earns $-222,700,000.00 in net income (profit) each year or ($1.65) on an earnings per share basis.
How many employees does Fastly have?: The company employs 976 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 (415) 604-5348 or via email at ir@fastly.com.

This page (NYSE:FSLY) was last updated on 9/30/2022 by MarketBeat.com Staff

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Fastly - FSLY Stock Forecast, Price & News

Fastly MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows