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Fastly - FSLY Stock Forecast, Price & News

$9.66
+0.86 (+9.77%)
(As of 11/30/2022 12:00 AM ET)
Add
Compare
Today's Range
$8.78
$9.73
50-Day Range
$7.44
$10.70
52-Week Range
$7.32
$44.08
Volume
3.72 million shs
Average Volume
4.36 million shs
Market Capitalization
$1.19 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$12.39

Fastly MarketRank™ Forecast

Analyst Rating
Hold
1.78 Rating Score
Upside/​Downside
28.2% Upside
$12.39 Price Target
Short Interest
Healthy
8.72% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.68
Upright™ Environmental Score
News Sentiment
0.51mentions of Fastly in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$5.14 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($1.89) to ($1.69) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.12 out of 5 stars

Computer And Technology Sector

381st out of 632 stocks

Prepackaged Software Industry

142nd out of 218 stocks

FSLY stock 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.

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FSLY Stock News Headlines

Fastly (NYSE:FSLY) Research Coverage Started at Credit Suisse Group
Why Fastly Stock Soared Today
Fastly Inc. Cl A
See More Headlines
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FSLY Company Calendar

Last Earnings
11/03/2021
Today
11/30/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/15/2023

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Forecast
$12.39
High Stock Price Forecast
$25.00
Low Stock Price Forecast
$8.00
Forecasted Upside/Downside
+28.2%
Consensus Rating
Hold
Rating Score (0-4)
1.78
Research Coverage
9 Analysts

Profitability

Net Income
$-222,700,000.00
Pretax Margin
-48.96%

Debt

Sales & Book Value

Annual Sales
$354.33 million
Book Value
$7.86 per share

Miscellaneous

Free Float
112,053,000
Market Cap
$1.19 billion
Optionable
Optionable
Beta
1.24

Key Executives

  • Mr. Artur BergmanMr. Artur Bergman (Age 42)
    Co-Founder, Exec. Chairman & Chief Architect
    Comp: $532.64k
  • Mr. Ronald W. KislingMr. Ronald W. Kisling (Age 61)
    Chief Financial Officer
    Comp: $663.17k
  • Mr. Brett ShirkMr. Brett Shirk (Age 55)
    Chief Revenue Officer
    Comp: $692.84k
  • Mr. Todd Nightingale
    CEO & Director
  • 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
  • Mr. Adam Denenberg
    Sr. VP of Customer Solutions













FSLY Stock - Frequently Asked Questions

Should I buy or sell Fastly stock right now?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fastly in the last twelve months. 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.
View FSLY analyst ratings
or view top-rated stocks.

What is Fastly's stock price forecast for 2023?

9 Wall Street research analysts have issued 12 month target prices for Fastly's stock. Their FSLY share price forecasts range from $8.00 to $25.00. On average, they predict the company's share price to reach $12.39 in the next year. This suggests a possible upside of 28.4% from the stock's current price.
View analysts price targets for FSLY
or view top-rated stocks among Wall Street analysts.

How have FSLY shares performed in 2022?

Fastly's stock was trading at $35.45 at the beginning of 2022. Since then, FSLY shares have decreased by 72.8% and is now trading at $9.65.
View the best growth stocks for 2022 here
.

Are investors shorting Fastly?

Fastly saw a drop in short interest in the month of November. As of November 15th, there was short interest totaling 10,720,000 shares, a drop of 9.7% from the October 31st total of 11,870,000 shares. Based on an average trading volume of 3,360,000 shares, the short-interest ratio is currently 3.2 days.
View Fastly's Short Interest
.

When is Fastly's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 15th 2023.
View our FSLY earnings forecast
.

How were Fastly's earnings last quarter?

Fastly, Inc. (NYSE:FSLY) posted its quarterly earnings data on Wednesday, November, 3rd. The company reported ($0.11) earnings per share for the quarter, beating the consensus estimate of ($0.45) by $0.34. The business had revenue of $86.74 million for the quarter, compared to analysts' expectations 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 quarter last year, the company earned ($0.15) earnings per share.

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

Fastly issued an update on its fourth quarter 2022 earnings guidance on Wednesday, November, 9th. The company provided earnings per share 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.

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

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.

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), Block (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 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.

What is Fastly's stock symbol?

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

Who are Fastly's major shareholders?

Fastly's stock is owned by a variety of retail and institutional investors. Top institutional shareholders 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.
View institutional ownership trends
.

How do I buy shares of Fastly?

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.
Compare Top Brokerages Here.

What is Fastly's stock price today?

One share of FSLY stock can currently be purchased for approximately $9.65.

How much money does Fastly make?

Fastly (NYSE:FSLY) has a market capitalization of $1.19 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.

How many employees does Fastly have?

The company 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 the company 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 11/30/2022 by MarketBeat.com Staff