Fastly Stock Forecast, Price & News

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Fastly in the last twelve months. There are currently 3 sell ratings and 10 hold ratings 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.
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Wall Street analysts have given Fastly a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Fastly wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Fastly saw a drop in short interest during the month of August. As of August 13th, there was short interest totaling 18,820,000 shares, a drop of 12.8% from the July 29th total of 21,580,000 shares. Based on an average daily volume of 4,800,000 shares, the days-to-cover ratio is currently 3.9 days. Currently, 18.1% of the company's shares are sold short.
View Fastly's Short Interest.

Fastly is scheduled to release its next quarterly earnings announcement on Wednesday, October 27th 2021.
View our earnings forecast for Fastly.

Fastly, Inc. (NYSE:FSLY) announced its quarterly earnings results on Wednesday, August, 4th. The company reported ($0.15) earnings per share for the quarter, beating the Zacks' consensus estimate of ($0.34) by $0.19. The business earned $85.03 million during the quarter, compared to analyst estimates of $85.98 million. Fastly had a negative trailing twelve-month return on equity of 16.57% and a negative net margin of 55.22%. The business's revenue for the quarter was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.02 EPS.
View Fastly's earnings history.

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 stock has increased by 177.9% and is now trading at $42.44.
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Fastly issued an update on its FY 2021 earnings guidance on Wednesday, August, 25th. The company provided EPS guidance of $-0.650-$-0.570 for the period, compared to the Thomson Reuters consensus EPS estimate of $-0.430. The company issued revenue guidance of $340 million-$350 million, compared to the consensus revenue estimate of $382.34 million.

13 equities research analysts have issued 1-year price targets for Fastly's shares. Their forecasts range from $32.00 to $95.00. On average, they anticipate Fastly's share price to reach $62.00 in the next year. This suggests a possible upside of 46.1% from the stock's current price.
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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.

Some companies that are related to Fastly include Tyler Technologies (TYL), Coupa Software (COUP), NICE (NICE), SS&C Technologies (SSNC), Nuance Communications (NUAN), Take-Two Interactive Software (TTWO), Bentley Systems (BSY), Confluent (CFLT), Full Truck Alliance (YMM), Ceridian HCM (CDAY), Avalara (AVLR), Lightspeed POS (LSPD), Check Point Software Technologies (CHKP), Paylocity (PCTY) and Elastic (ESTC).
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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), The 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 many different retail and institutional investors. Top institutional shareholders include Morgan Stanley (11.55%), Abdiel Capital Advisors LP (10.18%), Vanguard Group Inc. (7.44%), Susquehanna International Group LLP (0.00%), BlackRock Inc. (3.66%) and First Trust Advisors LP (3.62%). Company insiders that own Fastly stock include Abdiel Capital Management, Llc, Adriel G Lares, Artur Bergman, August Capital Management Vi,, Christopher B Paisley, David Hornik, John S Marr Jr, Joshua Bixby, Kelly Wright, Mark A Ledoux, Paul Luongo, Robert Eugene Watson, 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 Allianz Asset Management GmbH, PEAK6 Investments LLC, Credit Suisse AG, Vanguard Group Inc., Millennium Management LLC, Twin Tree Management LP, Caas Capital Management LP, and CRV LLC. Company insiders that have sold Fastly company stock in the last year include Adriel G Lares, Artur Bergman, Christopher B Paisley, John S Marr Jr, Joshua Bixby, Kelly Wright, Mark A Ledoux, and Paul Luongo.
View insider buying and selling activity for Fastly or view top insider-selling stocks.

FSLY stock was acquired by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Susquehanna International Group LLP, Parsifal Capital Management LP, Abdiel Capital Advisors LP, BlackRock Inc., Simplex Trading LLC, Morgan Stanley, and State Street Corp. Company insiders that have bought Fastly stock in the last two years include Abdiel Capital Management, Llc, and Robert Eugene Watson.
View insider buying and selling activity for Fastly or or view top insider-buying stocks.

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.
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One share of FSLY stock can currently be purchased for approximately $42.44.

Fastly has a market capitalization of $4.95 billion and generates $290.87 million in revenue each year. The company earns $-95,930,000.00 in net income (profit) each year or ($0.80) on an earnings per share basis.

Fastly employs 939 workers across the globe.

The official website for Fastly is www.fastly.com.

Fastly is headquartered at 475 BRANNAN SUITE 300, SAN FRANCISCO CA, 94107.

Fastly's mailing address is 475 BRANNAN SUITE 300, SAN FRANCISCO CA, 94107. The company can be reached via phone at (415) 604-5348 or via email at [email protected].