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Fastly (FSLY) Stock Forecast, Price & News

$12.46
+1.22 (+10.85%)
(As of 05/26/2022 12:00 AM ET)
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Compare
Today's Range
$11.09
$12.82
50-Day Range
$10.04
$19.69
52-Week Range
$9.50
$64.07
Volume
5.04 million shs
Average Volume
5.19 million shs
Market Capitalization
$1.51 billion
P/E Ratio
N/A
Dividend Yield
N/A
Beta
1.48
30 days | 90 days | 365 days | Advanced Chart
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Fastly logo

About Fastly

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.

Headlines

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Industry, Sector and Symbol

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

Sales & Book Value

Annual Sales
$354.33 million
Book Value
$8.08 per share

Profitability

Net Income
$-222.70 million
Pretax Margin
-63.56%

Debt

Price-To-Earnings

Miscellaneous

Free Float
108,423,000
Market Cap
$1.51 billion
Optionable
Optionable

Company Calendar

Last Earnings
5/04/2022
Today
5/26/2022
Next Earnings (Estimated)
8/03/2022
Fiscal Year End
12/31/2022

MarketRank

Overall MarketRank

2.16 out of 5 stars

Computer And Technology Sector

372nd out of 931 stocks

Prepackaged Software Industry

119th out of 298 stocks

Analyst Opinion: 3.0Community Rank: 3.9Dividend Strength: 0.0Insider Behavior: 3.3Valuation: 0.6 5 -4 -3 -2 -1 -













Fastly (NYSE:FSLY) Frequently Asked Questions

Is Fastly a buy right now?

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Fastly in the last year. There are currently 2 sell ratings, 8 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.

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 data on Wednesday, May, 4th. The company reported ($0.15) earnings per share for the quarter, missing analysts' consensus estimates of ($0.14) by $0.01. The firm earned $102.40 million during the quarter, compared to analysts' expectations of $98.94 million. Fastly had a negative net margin of 63.54% and a negative trailing twelve-month return on equity of 20.82%. Fastly's quarterly revenue was up 20.7% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.39) EPS.
View Fastly's earnings history
.

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

Fastly issued an update on its second quarter 2022 earnings guidance on Monday, May, 9th. The company provided earnings per share (EPS) guidance of -$0.18--$0.15 for the period, compared to the consensus 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.

What price target have analysts set for FSLY?

11 brokers have issued 1 year price objectives for Fastly's stock. Their forecasts range from $14.00 to $42.00. On average, they anticipate Fastly's share price to reach $25.13 in the next twelve months. This suggests a possible upside of 101.6% from the stock's current price.
View analysts' price targets for Fastly
or view top-rated stocks among Wall Street analysts.

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 $627.85k)
  • Mr. Joshua Bixby, CEO & Director (Age 44, Pay $418.27k)
  • Mr. Paul Luongo, Chief Legal & Trust Officer (Age 50, Pay $451.29k) (LinkedIn Profile)
  • Mr. Ronald W. Kisling, Chief Financial Officer (Age 61) (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 initial public offering (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 many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (7.74%), First Trust Advisors LP (6.49%), Apollo Management Holdings L.P. (0.00%), Renaissance Technologies LLC (1.01%), Mirae Asset Global Investments Co. Ltd. (0.88%) and Bank of New York Mellon Corp (0.84%). Company insiders that own Fastly stock include Abdiel Capital Management, Llc, Adriel G Lares, Adriel G Lares, Artur Bergman, Brett Shirk, Christopher B Paisley, John S Marr Jr, Joshua Bixby, Kelly Wright, Mark A Ledoux, Paul Luongo, Robert Eugene Watson, Ronald W Kisling and Sunil Dhaliwal.
View institutional ownership trends for Fastly
.

Which major investors are selling Fastly stock?

FSLY stock was sold by a variety of institutional investors in the last quarter, including Canada Pension Plan Investment Board, Gilder Gagnon Howe & Co. LLC, PEAK6 Investments LLC, Royal Bank of Canada, CWM LLC, Bank Julius Baer & Co. Ltd Zurich, Blackstone Inc., and Mirae Asset Global Investments Co. Ltd.. Company insiders that have sold Fastly company stock in the last year include Adriel G Lares, Artur Bergman, Brett Shirk, Christopher B Paisley, Joshua Bixby, Paul Luongo, and Ronald W Kisling.
View insider buying and selling activity for Fastly
or view top insider-selling stocks.

Which major investors are buying Fastly stock?

FSLY stock was acquired by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Apollo Management Holdings L.P., Renaissance Technologies LLC, Qube Research & Technologies Ltd, UBS Group AG, Zweig DiMenna Associates LLC, Group One Trading L.P., and Ergoteles LLC. 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.

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 $12.46.

How much money does Fastly make?

Fastly has a market capitalization of $1.51 billion and generates $354.33 million in revenue each year. The company earns $-222.70 million 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.

What is Fastly's official website?

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

How can I contact Fastly?

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].

This page was last updated on 5/26/2022 by MarketBeat.com Staff

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