Fastly - FSLY Stock Forecast, Price & News

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fastly in the last year. There are currently 4 sell ratings, 4 hold ratings and 1 strong buy rating for the stock. The consensus among Wall Street 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.
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9 Wall Street research analysts have issued 1 year price objectives for Fastly's stock. Their FSLY share price forecasts range from $8.00 to $25.00. On average, they anticipate the company's stock price to reach $12.39 in the next twelve months. This suggests a possible upside of 29.2% from the stock's current price.
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Fastly's stock was trading at $35.45 at the beginning of 2022. Since then, FSLY stock has decreased by 72.9% and is now trading at $9.59.
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Fastly saw a decline in short interest in November. As of November 15th, there was short interest totaling 10,720,000 shares, a decline of 9.7% from the October 31st total of 11,870,000 shares. Based on an average daily volume of 3,360,000 shares, the short-interest ratio is currently 3.2 days.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 15th 2023.
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Fastly, Inc. (NYSE:FSLY) posted its quarterly earnings data on Wednesday, November, 3rd. The company reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.45) by $0.34. The firm had revenue of $86.74 million for the quarter, compared to the consensus estimate of $84.23 million. Fastly had a negative net margin of 49.05% and a negative trailing twelve-month return on equity of 22.82%. During the same period last year, the company earned ($0.15) EPS.

Fastly updated its fourth quarter 2022 earnings guidance on Wednesday, November, 9th. The company provided EPS guidance of -$0.15--$0.11 for the period, compared to the consensus EPS estimate of -$0.10. The company issued revenue guidance of $112.00 million-$116.00 million, compared to the consensus revenue estimate of $113.12 million.

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.

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).

(FSLY) raised $170 million in an 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 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 institutional and retail investors. Top institutional investors include Vanguard Group Inc. (8.86%), First Trust Advisors LP (8.06%), Two Sigma Advisers LP (1.70%), Two Sigma Investments LP (1.68%), Credit Suisse AG (0.84%) and Great West Life Assurance Co. Can (0.70%). Insiders that own company stock include Abdiel Capital Management, Llc, Adriel G Lares, Adriel G Lares, Artur Bergman, August Capital Management Vi,, Brett Shirk, Christopher B Paisley, David Hornik, John S Marr Jr, Joshua Bixby, Kelly Wright, Mark A Ledoux, Paul Luongo, Richard Devon Daniels, Robert Eugene Watson, Ronald W Kisling, Sunil Dhaliwal, Todd Nightingale, W Eric Carlborg and Wolfgang Maasberg.
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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.
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One share of FSLY stock can currently be purchased for approximately $9.59.

Fastly (NYSE:FSLY) has a market capitalization of $1.18 billion and generates $354.33 million in revenue each year. The company earns $-222,700,000.00 in net income (profit) each year or ($1.69) on an earnings per share basis.

The company employs 976 workers across the globe.

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.