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S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
Apple (AAPL) is making moves behind the scenes to prepare for a downturn... (Ad)
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
Germans urged to cap heat in offices this winter to save gas
Apple (AAPL) is making moves behind the scenes to prepare for a downturn... (Ad)
Former Deutsche Bank Co-CEO Anshu Jain dies
The 7 Types Of People Every Entrepreneur Needs In Their Inner Circle -- And How To Find Them
Germany urged to cap heat in offices this winter to save gas
A Full Year Of Recommended Stock Picks Now 60% Off (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
Apple (AAPL) is making moves behind the scenes to prepare for a downturn... (Ad)
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
Germans urged to cap heat in offices this winter to save gas
Apple (AAPL) is making moves behind the scenes to prepare for a downturn... (Ad)
Former Deutsche Bank Co-CEO Anshu Jain dies
The 7 Types Of People Every Entrepreneur Needs In Their Inner Circle -- And How To Find Them
Germany urged to cap heat in offices this winter to save gas
A Full Year Of Recommended Stock Picks Now 60% Off (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
Apple (AAPL) is making moves behind the scenes to prepare for a downturn... (Ad)
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
Germans urged to cap heat in offices this winter to save gas
Apple (AAPL) is making moves behind the scenes to prepare for a downturn... (Ad)
Former Deutsche Bank Co-CEO Anshu Jain dies
The 7 Types Of People Every Entrepreneur Needs In Their Inner Circle -- And How To Find Them
Germany urged to cap heat in offices this winter to save gas
A Full Year Of Recommended Stock Picks Now 60% Off (Ad)

Fastly - FSLY Stock Forecast, Price & News

$12.19
+0.64 (+5.54%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
$11.64
$12.21
50-Day Range
$10.18
$14.02
52-Week Range
$9.50
$58.62
Volume
3.29 million shs
Average Volume
4.07 million shs
Market Capitalization
$1.49 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$14.25

Fastly MarketRank™ Forecast

Analyst Rating
Hold
1.75 Rating Score
Upside/​Downside
16.9% Upside
$14.25 Price Target
Short Interest
Healthy
10.34% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.68
Upright™ Environmental Score
News Sentiment
-0.21mentions of Fastly in the last 14 days
Based on 13 Articles This Week
Insider Trading
Selling Shares
$689,473 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($1.88) to ($1.76) Per Share

Overall MarketRank

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

1.97 out of 5 stars

Computer And Technology Sector

482nd out of 665 stocks

Prepackaged Software Industry

170th out of 230 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.

Fastly Stock Up 5.5 %

Shares of NYSE:FSLY traded up $0.64 during midday trading on Friday, hitting $12.19. 3,292,416 shares of the stock were exchanged, compared to its average volume of 4,074,770. The company has a market capitalization of $1.49 billion, a PE ratio of -7.39 and a beta of 1.38. Fastly has a 52-week low of $9.50 and a 52-week high of $58.62. The company has a debt-to-equity ratio of 0.73, a quick ratio of 5.26 and a current ratio of 4.11. The business's fifty day simple moving average is $11.88 and its two-hundred day simple moving average is $15.75.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on FSLY. Citigroup decreased their price target on Fastly from $22.00 to $14.00 and set a "sell" rating for the company in a research report on Friday, May 6th. Morgan Stanley lowered shares of Fastly from an "equal weight" rating to an "underweight" rating and decreased their price objective for the stock from $18.00 to $12.00 in a research note on Monday, July 11th. Raymond James cut their target price on shares of Fastly from $35.00 to $25.00 and set a "strong-buy" rating on the stock in a research note on Friday. Craig Hallum decreased their target price on Fastly from $19.00 to $13.00 in a research report on Thursday, August 4th. Finally, DA Davidson dropped their price target on Fastly to $12.00 in a research report on Tuesday. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $14.25.

Insiders Place Their Bets

In other news, EVP Brett Shirk sold 3,008 shares of Fastly stock in a transaction dated Thursday, June 16th. The stock was sold at an average price of $10.54, for a total transaction of $31,704.32. Following the completion of the sale, the executive vice president now directly owns 304,223 shares in the company, valued at approximately $3,206,510.42. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, EVP Brett Shirk sold 3,008 shares of the stock in a transaction on Thursday, June 16th. The shares were sold at an average price of $10.54, for a total transaction of $31,704.32. Following the transaction, the executive vice president now owns 304,223 shares in the company, valued at approximately $3,206,510.42. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Joshua Bixby sold 18,480 shares of Fastly stock in a transaction on Tuesday, May 17th. The shares were sold at an average price of $11.97, for a total transaction of $221,205.60. Following the completion of the sale, the chief executive officer now directly owns 609,238 shares of the company's stock, valued at approximately $7,292,578.86. The disclosure for this sale can be found here. Insiders have sold a total of 57,687 shares of company stock valued at $689,473 in the last three months. Insiders own 8.90% of the company's stock.

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FSLY Stock News Headlines

Fastly, Inc. (NYSE:FSLY) Insider Sells $174,405.42 in Stock
Fastly (NYSE:FSLY) Shares Gap Down After Analyst Downgrade
Craig Hallum Trims Fastly (NYSE:FSLY) Target Price to $13.00
Fastly names new CEO as Joshua Bixby departs
Fastly: Q2 Earnings Snapshot
Cisco cloud GM named CEO at Fastly
Fastly Announces Second Quarter 2022 Financial Results
Fastly (FSLY) Reports Q2 Loss, Tops Revenue Estimates
Fastly (FSLY) Q2 2022 Earnings Call Transcript
See More Headlines
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FSLY Company Calendar

Last Earnings
11/03/2021
Today
8/14/2022
Next Earnings (Estimated)
11/02/2022
Fiscal Year End
12/31/2022

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
$14.25
High Stock Price Forecast
$25.00
Low Stock Price Forecast
$9.00
Forecasted Upside/Downside
+16.9%
Consensus Rating
Hold
Rating Score (0-4)
1.75
Research Coverage
8 Analysts

Profitability

Net Income
$-222,700,000.00
Pretax Margin
-49.87%

Debt

Sales & Book Value

Annual Sales
$354.33 million
Book Value
$8.15 per share

Miscellaneous

Free Float
111,142,000
Market Cap
$1.49 billion
Optionable
Optionable
Beta
1.38














FSLY Stock - Frequently Asked Questions

Should I buy or sell Fastly stock right now?

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Fastly in the last twelve months. There are currently 4 sell ratings, 3 hold 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.
View FSLY analyst ratings
or view top-rated stocks.

What is Fastly's stock price forecast for 2022?

8 brokers have issued 1-year price objectives for Fastly's shares. Their FSLY share price forecasts range from $9.00 to $25.00. On average, they expect the company's share price to reach $14.25 in the next twelve months. This suggests a possible upside of 16.9% 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 the year. Since then, FSLY shares have decreased by 65.6% and is now trading at $12.19.
View the best growth stocks for 2022 here
.

When is Fastly's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our FSLY earnings forecast
.

How were Fastly's earnings last quarter?

Fastly, Inc. (NYSE:FSLY) issued its earnings results on Wednesday, November, 3rd. The company reported ($0.11) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.45) by $0.34. The company earned $86.74 million during the quarter, compared to analyst estimates of $84.23 million. Fastly had a negative trailing twelve-month return on equity of 22.21% and a negative net margin of 49.93%. During the same quarter in the previous year, the firm posted ($0.15) earnings per share.

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

Fastly issued an update on its third quarter 2022 earnings guidance on Wednesday, August, 10th. The company provided earnings per share (EPS) guidance of -$0.18--$0.15 for the period, compared to the consensus EPS estimate of -$0.14. The company issued revenue guidance of $102.00 million-$105.00 million, compared to the consensus revenue estimate of $100.42 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 $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 number of institutional and retail investors. Top institutional investors include Renaissance Technologies LLC (1.16%), Mirae Asset Global Investments Co. Ltd. (1.06%), Northern Trust Corp (0.85%), Wolverine Asset Management LLC (0.00%), UBS Group AG (0.00%) and Group One Trading L.P. (0.00%). 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, Qualified Master Fund L Abdiel, Richard Devon Daniels, Robert Eugene Watson, Ronald W Kisling, Sunil Dhaliwal, 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 $12.19.

How much money does Fastly make?

Fastly (NYSE:FSLY) has a market capitalization of $1.49 billion and generates $354.33 million in revenue each year. The company earns $-222,700,000.00 in net income (profit) each year or ($1.65) 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 8/14/2022 by MarketBeat.com Staff

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