NYSE:FSLYFastly Stock Price, Forecast & News

Fastly's stock was trading at $15.27 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, FSLY stock has increased by 182.5% and is now trading at $43.14. View which stocks have been most impacted by Coronavirus.

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fastly in the last year. There are currently 2 hold ratings and 11 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Fastly.

Fastly is scheduled to release its next quarterly earnings announcement on Thursday, August 13th 2020. View our earnings forecast for Fastly.

Fastly Inc (NYSE:FSLY) released its quarterly earnings results on Wednesday, May, 6th. The company reported ($0.06) earnings per share for the quarter, beating the Zacks' consensus estimate of ($0.17) by $0.11. The firm earned $63 million during the quarter, compared to analysts' expectations of $59.40 million. The firm's revenue was up 38.2% compared to the same quarter last year. View Fastly's earnings history.

Fastly updated its FY20 earnings guidance on Wednesday, May, 6th. The company provided EPS guidance of ($0.15)-($0.08) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.40). The company issued revenue guidance of $280-$290 million, compared to the consensus revenue estimate of $259.62 million.

13 Wall Street analysts have issued twelve-month target prices for Fastly's stock. Their forecasts range from $22.87 to $36.00. On average, they anticipate Fastly's stock price to reach $28.86 in the next twelve months. This suggests that the stock has a possible downside of 33.1%. View analysts' price targets for Fastly.

Media coverage about FSLY stock has been trending very negative on Sunday, according to InfoTrie Sentiment. The research group identifies negative and positive press coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Fastly earned a news impact score of -3.5 on InfoTrie's scale. They also gave media headlines about the company a news buzz of 9.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the stock's share price in the next few days. View the latest news aboutFastly.

Some companies that are related to Fastly include TAKE-TWO INTERACTIVE SOFTWARE (TTWO), SS&C Technologies (SSNC), Tyler Technologies (TYL), Tableau Software (DATA), Coupa Software (COUP), Symantec (SYMC), NortonLifeLock (NLOK), Mongodb (MDB), Nice (NICE), Black Knight (BKI), Dynatrace (DT), Ceridian HCM (CDAY), Dropbox (DBX), Alteryx (AYX) and UBISOFT ENTMT S/ADR (UBSFY). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Fastly investors own include NVIDIA (NVDA), Trade Desk (TTD), Alibaba Group (BABA), Roku (ROKU), Walt Disney (DIS), Shopify (SHOP), Zoom Video Communications (ZM), Twilio (TWLO), salesforce.com (CRM) and Teladoc Health (TDOC).

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

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

Fastly's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Morgan Stanley (3.97%), Morgan Stanley (2.99%), Deutsche Bank AG (1.87%), Grantham Mayo Van Otterloo & Co. LLC (0.83%), Alyeska Investment Group L.P. (0.80%) and Ensign Peak Advisors Inc (0.60%). Company insiders that own Fastly stock include Abdiel Capital Management, Llc, Adriel G Lares, Artur Bergman, August Capital Management Vi,, 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 Ensign Peak Advisors Inc, Athanor Capital LP, Clear Creek Financial Management LLC, UBS Group AG, StepStone Group LP, JPMorgan Chase & Co., Griffin Asset Management Inc., and Creative Planning. Company insiders that have sold Fastly company stock in the last year include Adriel G Lares, Artur Bergman, August Capital Management Vi,, David Hornik, 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 purchased by a variety of institutional investors in the last quarter, including Morgan Stanley, Morgan Stanley, Deutsche Bank AG, Atom Investors LP, Alyeska Investment Group L.P., Driehaus Capital Management LLC, Wells Fargo & Company MN, and Silvercrest Asset Management Group LLC. 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 $43.14.

Fastly has a market capitalization of $4.15 billion and generates $200.46 million in revenue each year.

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]