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 shares have increased by 499.0% and is now trading at $91.46.
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12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fastly in the last year. There are currently 3 sell ratings, 3 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
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Fastly is scheduled to release its next quarterly earnings announcement on Thursday, November 5th 2020.
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Fastly Inc (NYSE:FSLY) released its quarterly earnings data on Wednesday, August, 5th. The company reported $0.02 earnings per share for the quarter, beating analysts' consensus estimates of ($0.07) by $0.09. The company earned $74.66 million during the quarter, compared to analyst estimates of $71.65 million. Fastly had a negative net margin of 21.39% and a negative return on equity of 16.02%.
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Fastly issued an update on its FY20 earnings guidance on Wednesday, August, 5th. The company provided EPS guidance of $(0.06)-(0.01) for the period, compared to the Thomson Reuters consensus estimate of ($0.13). The company issued revenue guidance of $290-300 million, compared to the consensus revenue estimate of $287.28 million.

12 brokers have issued 1 year price targets for Fastly's shares. Their forecasts range from $24.00 to $110.00. On average, they anticipate Fastly's stock price to reach $73.09 in the next twelve months. This suggests that the stock has a possible downside of 20.1%.
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Fastly saw a decline in short interest in the month of August. As of August 31st, there was short interest totaling 8,140,000 shares, a decline of 18.4% from the August 15th total of 9,970,000 shares. Based on an average trading volume of 11,500,000 shares, the days-to-cover ratio is currently 0.7 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), Datadog (DDOG), ANSYS (ANSS), Atlassian (TEAM), TAKE-TWO INTERACTIVE SOFTWARE (TTWO), Coupa Software (COUP), Check Point Software Technologies (CHKP), Citrix Systems (CTXS), Paycom Software (PAYC), SS&C Technologies (SSNC) and Slack (WORK).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Fastly investors own include NVIDIA (NVDA), Docusign (DOCU), Shopify (SHOP), Zoom Video Communications (ZM), Square (SQ), Trade Desk (TTD), Tesla (TSLA), 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 $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 many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (6.72%), Goldman Sachs Group Inc. (3.22%), First Trust Advisors LP (2.09%), FMR LLC (1.53%), FIL Ltd (1.39%) and No Street GP LP (0.83%). 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 FIL Ltd, Atom Investors LP, Grantham Mayo Van Otterloo & Co. LLC, Silvercrest Asset Management Group LLC, StepStone Group LP, Advisor Group Holdings Inc., King Luther Capital Management Corp, and Gilder Gagnon Howe & Co. LLC. 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 acquired by a variety of institutional investors in the last quarter, including Vanguard Group Inc., First Trust Advisors LP, FMR LLC, Goldman Sachs Group Inc., Athanor Capital LP, Bank of New York Mellon Corp, Nuveen Asset Management LLC, and California Public Employees Retirement System. 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 $91.46.

Fastly has a market capitalization of $8.27 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.

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]