Fastly - FSLY Stock Forecast, Price & News

10 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, 3 hold ratings, 3 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research 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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10 equities research analysts have issued 1 year price objectives for Fastly's shares. Their FSLY share price forecasts range from $8.00 to $25.00. On average, they expect the company's share price to reach $14.35 in the next twelve months. This suggests that the stock has a possible downside of 10.0%.
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Fastly's stock was trading at $8.19 at the beginning of 2023. Since then, FSLY shares have increased by 94.6% and is now trading at $15.94.
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Fastly saw a increase in short interest in the month of February. As of February 15th, there was short interest totaling 12,870,000 shares, an increase of 10.8% from the January 31st total of 11,620,000 shares. Based on an average trading volume of 4,350,000 shares, the short-interest ratio is currently 3.0 days.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
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Fastly, Inc. (NYSE:FSLY) released its quarterly earnings results on Wednesday, November, 3rd. The company reported ($0.11) earnings per share for the quarter, beating analysts' consensus estimates of ($0.45) by $0.34. The firm had revenue of $86.74 million for the quarter, compared to analysts' expectations of $84.23 million. Fastly had a negative trailing twelve-month return on equity of 22.10% and a negative net margin of 44.09%. During the same period in the previous year, the company posted ($0.15) EPS.

ETFs with the largest weight of Fastly (NYSE:FSLY) stock in their portfolio include Roundhill MEME ETF (MEME), WisdomTree Cybersecurity Fund (WCBR), SPDR S&P Internet ETF (XWEB), Simplify Volt Cloud and Cybersecurity Disruption ETF (VCLO), Direxion Moonshot Innovators ETF (MOON), Global X Cloud Computing ETF (CLOU), First Trust Cloud Computing ETF (SKYY) and WisdomTree Cloud Computing Fund (WCLD).

Fastly updated its first quarter 2023 earnings guidance on Wednesday, February, 15th. The company provided earnings per share (EPS) guidance of -$0.12--$0.08 for the period, compared to the consensus estimate of -$0.12. The company issued revenue guidance of $114.00 million-$117.00 million, compared to the consensus revenue estimate of $115.52 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 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 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 variety of institutional and retail investors. Top institutional shareholders include Legal & General Group Plc (5.37%), First Trust Advisors LP (5.16%), Point72 Asset Management L.P. (4.24%), Alyeska Investment Group L.P. (3.06%), Morgan Stanley (2.52%) and Geode Capital Management LLC (1.68%). Insiders that own company stock include Abdiel Capital Management, Llc, Adriel G Lares, Adriel G Lares, Artur Bergman, 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 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 $15.94.

Fastly (NYSE:FSLY) has a market capitalization of $2.00 billion and generates $432.73 million in revenue each year. The company earns $-190,770,000.00 in net income (profit) each year or ($1.58) on an earnings per share basis.

The company employs 1,112 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 (844) 432-7859 or via email at ir@fastly.com.