Fastly Stock Forecast, Price & News

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Fastly in the last year. There are currently 5 sell ratings, 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Fastly stock. 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.
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Wall Street analysts have given Fastly a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Fastly wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
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Fastly is scheduled to release its next quarterly earnings announcement on Wednesday, May 5th 2021.
View our earnings forecast for Fastly.

Fastly, Inc. (NYSE:FSLY) posted its earnings results on Tuesday, February, 16th. The company reported ($0.09) EPS for the quarter, topping the Thomson Reuters' consensus estimate of ($0.17) by $0.08. Fastly had a negative net margin of 24.07% and a negative trailing twelve-month return on equity of 14.37%.
View Fastly's earnings history.

Fastly's stock was trading at $15.27 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, FSLY stock has increased by 324.6% and is now trading at $64.84.
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Fastly issued an update on its FY 2021 After-Hours earnings guidance on Wednesday, February, 17th. The company provided earnings per share guidance of -0.44--0.35 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $-0.21. The company issued revenue guidance of $375-385 million, compared to the consensus revenue estimate of $379.5 million.

13 brokerages have issued 1-year price targets for Fastly's stock. Their forecasts range from $31.00 to $125.00. On average, they expect Fastly's share price to reach $78.69 in the next year. This suggests a possible upside of 21.4% from the stock's current price.
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16 employees have rated Fastly CEO Joshua Bixby on Glassdoor.com. Joshua Bixby has an approval rating of 100% among Fastly's employees. This puts Joshua Bixby in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to Fastly include Unity Software (U), Datadog (DDOG), Slack Technologies (WORK), Paycom Software (PAYC), Splunk (SPLK), HubSpot (HUBS), Coupa Software (COUP), Cloudflare (NET), Take-Two Interactive Software (TTWO), MongoDB (MDB), ZoomInfo Technologies (ZI), SS&C Technologies (SSNC), Citrix Systems (CTXS), Check Point Software Technologies (CHKP) and Tyler Technologies (TYL).
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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 (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.

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 (12.49%), BlackRock Inc. (3.66%), First Trust Advisors LP (3.14%), Norges Bank (0.74%), Nikko Asset Management Americas Inc. (0.72%) and Sumitomo Mitsui Trust Holdings Inc. (0.70%). 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 Alliancebernstein L.P., JPMorgan Chase & Co., Virtu Financial LLC, Duquesne Family Office LLC, Engineers Gate Manager LP, HighTower Advisors LLC, New York State Common Retirement Fund, and Aviva PLC. Company insiders that have sold Fastly company stock in the last year include Adriel G Lares, Artur Bergman, Christopher B Paisley, Joshua Bixby, Kelly Wright, Paul Luongo, Sunil Dhaliwal, and Wolfgang Maasberg.
View insider buying and selling activity for Fastly or view top insider-selling stocks.

FSLY stock was purchased by a variety of institutional investors in the last quarter, including Morgan Stanley, First Trust Advisors LP, Norges Bank, Nikko Asset Management Americas Inc., BlackRock Inc., Sumitomo Mitsui Trust Holdings Inc., Hitchwood Capital Management LP, and Must Asset Management Inc.. 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 or or view top insider-buying stocks.

Shares of FSLY 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.
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One share of FSLY stock can currently be purchased for approximately $64.84.

Fastly has a market capitalization of $6.64 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 is headquartered at 475 BRANNAN SUITE 300, SAN FRANCISCO CA, 94107.

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]