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Fastly Stock Forecast, Price & News

$12.73
-0.27 (-2.08%)
(As of 07/6/2022 12:00 AM ET)
Add
Compare
Today's Range
$12.59
$13.44
50-Day Range
$10.04
$17.10
52-Week Range
$9.50
$58.62
Volume
3.18 million shs
Average Volume
5.03 million shs
Market Capitalization
$1.54 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$25.13

Fastly MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
87.5% Upside
$23.88 Price Target
Short Interest
Healthy
11.65% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.68
Upright™ Environmental Score
News Sentiment
0.10mentions of Fastly in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$550,852 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($1.89) to ($1.82) Per Share

Overall MarketRank

MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.

1.84 out of 5 stars

Computer And Technology Sector

439th out of 932 stocks

Prepackaged Software Industry

150th out of 301 stocks

30 days | 90 days | 365 days | Advanced Chart

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Fastly logo

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.

FSLY Stock News Headlines

Better Buy: Fastly vs. Cloudflare
27 U.S. Cities Where Stocks Yield 26% a Year
What’s the highest-yielding stock you’ve ever owned? The dividends for these stocks have risen so fast over the years that they’re now yielding us an average of 26%! When you start getting paid 26% on your money, your financial problems tend to pretty much evaporate.
Fastly Stock Struggling to Break Above Pressure
Fastly, Inc. (NYSE:FSLY) EVP Brett Shirk Sells 3,008 Shares
27 U.S. Cities Where Stocks Yield 26% a Year
What’s the highest-yielding stock you’ve ever owned? The dividends for these stocks have risen so fast over the years that they’re now yielding us an average of 26%! When you start getting paid 26% on your money, your financial problems tend to pretty much evaporate.
Fastly acquires Glitch - Seeking Alpha
See More Headlines

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Fax
N/A
Employees
976
Year Founded
N/A

Company Calendar

Last Earnings
5/04/2022
Today
7/06/2022
Next Earnings (Estimated)
8/03/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$23.88
High Stock Price Forecast
$42.00
Low Stock Price Forecast
$13.00
Forecasted Upside/Downside
+97.4%
Consensus Rating
Hold
Rating Score (0-4)
2
Research Coverage
10 Analysts

Profitability

Net Income
$-222,700,000.00
Pretax Margin
-63.56%

Debt

Sales & Book Value

Annual Sales
$354.33 million
Book Value
$8.63 per share

Miscellaneous

Free Float
110,140,000
Market Cap
$1.54 billion
Optionable
Optionable
Beta
1.49














Fastly Frequently Asked Questions

Should I buy or sell Fastly stock right now?

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Fastly in the last year. There are currently 2 sell ratings, 7 hold ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities 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.
View analyst ratings for Fastly
or view top-rated stocks.

What is Fastly's stock price forecast for 2022?

10 brokers have issued 12 month target prices for Fastly's stock. Their FSLY stock forecasts range from $13.00 to $42.00. On average, they predict Fastly's share price to reach $23.88 in the next year. This suggests a possible upside of 87.5% from the stock's current price.
View analysts' price targets for Fastly
or view top-rated stocks among Wall Street analysts.

How has Fastly's stock price performed in 2022?

Fastly's stock was trading at $35.45 at the start of the year. Since then, FSLY shares have decreased by 64.1% and is now trading at $12.73.
View the best growth stocks for 2022 here
.

When is Fastly's next earnings date?

Fastly is scheduled to release its next quarterly earnings announcement on Wednesday, August 3rd 2022.
View our earnings forecast for Fastly
.

How were Fastly's earnings last quarter?

Fastly, Inc. (NYSE:FSLY) released its quarterly earnings results on Wednesday, May, 4th. The company reported ($0.49) earnings per share for the quarter, missing analysts' consensus estimates of ($0.44) by $0.05. The business earned $102.40 million during the quarter, compared to analysts' expectations of $98.94 million. Fastly had a negative trailing twelve-month return on equity of 20.82% and a negative net margin of 63.54%. The business's quarterly revenue was up 20.7% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.39) EPS.
View Fastly's earnings history
.

What guidance has Fastly issued on next quarter's earnings?

Fastly updated its second quarter 2022 earnings guidance on Monday, May, 9th. The company provided earnings per share guidance of -$0.18--$0.15 for the period, compared to the consensus EPS estimate of -$0.14. The company issued revenue guidance of $99.00 million-$102.00 million, compared to the consensus revenue estimate of $99.51 million.

Who are Fastly's key executives?

Fastly's management team includes the following people:
  • Mr. Artur Bergman, Co-Founder, Exec. Chairman & Chief Architect (Age 42, Pay $532.64k)
  • Mr. Joshua Bixby, CEO & Director (Age 44, Pay $532.98k)
  • Mr. Ronald W. Kisling, Chief Financial Officer (Age 61, Pay $663.17k) (LinkedIn Profile)
  • Mr. Brett Shirk, Chief Revenue Officer (Age 55, Pay $692.84k) (LinkedIn Profile)
  • 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, Chief People Officer (Age 48)

What is Joshua Bixby's approval rating as Fastly's CEO?

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.

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), Square (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 $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.

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 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 $12.73.

How much money does Fastly make?

Fastly (NYSE:FSLY) has a market capitalization of $1.54 billion and generates $354.33 million in revenue each year. The company earns $-222,700,000.00 in net income (profit) each year or ($2.02) on an earnings per share basis.

How many employees does Fastly have?

Fastly 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 Fastly 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 7/6/2022 by MarketBeat.com Staff

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