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S&P 500   4,274.04
DOW   33,980.32
QQQ   328.49
Agilent Technologies Proves Its Worth VS Illumina 
Russia Ignites West's Battle for Energy Independence (Ad)
Which Semiconductor Stocks Are Ready For Big Price Moves?
Target’s Results Cap Upside Potential For Retail Stocks 
Lowe’s Stands Out Amid Q2 Retail Reports 
Investors Look to Capitalize on the Budding Green Revolution (Ad)
Wind energy boom and golden eagles collide in the US West
US to hold trade talks with Taiwan, island drills military
Egypt's central bank governor resigns as economic woes mount
Investors Look to Capitalize on the Budding Green Revolution (Ad)
S&P 500   4,274.04
DOW   33,980.32
QQQ   328.49
Agilent Technologies Proves Its Worth VS Illumina 
Russia Ignites West's Battle for Energy Independence (Ad)
Which Semiconductor Stocks Are Ready For Big Price Moves?
Target’s Results Cap Upside Potential For Retail Stocks 
Lowe’s Stands Out Amid Q2 Retail Reports 
Investors Look to Capitalize on the Budding Green Revolution (Ad)
Wind energy boom and golden eagles collide in the US West
US to hold trade talks with Taiwan, island drills military
Egypt's central bank governor resigns as economic woes mount
Investors Look to Capitalize on the Budding Green Revolution (Ad)
S&P 500   4,274.04
DOW   33,980.32
QQQ   328.49
Agilent Technologies Proves Its Worth VS Illumina 
Russia Ignites West's Battle for Energy Independence (Ad)
Which Semiconductor Stocks Are Ready For Big Price Moves?
Target’s Results Cap Upside Potential For Retail Stocks 
Lowe’s Stands Out Amid Q2 Retail Reports 
Investors Look to Capitalize on the Budding Green Revolution (Ad)
Wind energy boom and golden eagles collide in the US West
US to hold trade talks with Taiwan, island drills military
Egypt's central bank governor resigns as economic woes mount
Investors Look to Capitalize on the Budding Green Revolution (Ad)

Fastly - FSLY Stock Forecast, Price & News

$11.18
-0.70 (-5.89%)
(As of 08/17/2022 12:00 AM ET)
Add
Compare
Today's Range
$11.11
$11.61
50-Day Range
$10.18
$14.02
52-Week Range
$9.50
$58.62
Volume
4.01 million shs
Average Volume
3.85 million shs
Market Capitalization
$1.36 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
27.5% 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
-0.19mentions of Fastly in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$267,207 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.

2.27 out of 5 stars

Computer And Technology Sector

478th out of 667 stocks

Prepackaged Software Industry

166th out of 233 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.

Analyst Upgrades and Downgrades

FSLY has been the subject of several research analyst reports. DA Davidson lowered their target price on shares of Fastly to $12.00 in a research note on Tuesday, August 9th. Craig Hallum lowered their price objective on shares of Fastly from $19.00 to $13.00 in a research note on Thursday, August 4th. Piper Sandler lowered their price objective on shares of Fastly from $19.00 to $13.00 and set a "neutral" rating for the company in a research note on Wednesday, July 6th. Raymond James lowered their price objective on shares of Fastly from $35.00 to $25.00 and set a "strong-buy" rating for the company in a research note on Friday, August 12th. Finally, Morgan Stanley lowered shares of Fastly from an "equal weight" rating to an "underweight" rating and lowered their price objective for the company from $18.00 to $12.00 in a research note on Monday, July 11th. Four equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $14.25.

Fastly Stock Down 5.8 %

Fastly stock traded down $0.69 during trading on Wednesday, reaching $11.19. The stock had a trading volume of 69,637 shares, compared to its average volume of 4,077,399. Fastly has a 52-week low of $9.50 and a 52-week high of $58.62. The business has a 50 day moving average price of $11.86 and a 200 day moving average price of $15.50. The company has a quick ratio of 4.11, a current ratio of 4.11 and a debt-to-equity ratio of 0.73. The stock has a market cap of $1.37 billion, a PE ratio of -7.20 and a beta of 1.38.

Insider Buying and Selling

In related news, Director Richard Devon Daniels acquired 5,000 shares of the business's stock in a transaction on Wednesday, June 1st. The shares were bought at an average price of $12.75 per share, with a total value of $63,750.00. Following the completion of the acquisition, the director now owns 31,014 shares in the company, valued at $395,428.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Richard Devon Daniels bought 5,000 shares of the firm's stock in a transaction on Wednesday, June 1st. The shares were bought at an average cost of $12.75 per share, for a total transaction of $63,750.00. Following the transaction, the director now owns 31,014 shares of the company's stock, valued at $395,428.50. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Artur Bergman sold 14,319 shares of the business's stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $12.18, for a total transaction of $174,405.42. Following the completion of the sale, the insider now owns 6,726,628 shares in the company, valued at $81,930,329.04. The disclosure for this sale can be found here. Insiders sold 22,410 shares of company stock worth $267,207 over the last 90 days. 8.90% of the stock is owned by insiders.

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FSLY Stock News Headlines

Raymond James Trims Fastly (NYSE:FSLY) Target Price to $25.00
Investor Alert: EV Initiatives Create Unsustainable Demand For Lithium
The soaring demand for lithium is driven by worldwide demand for electric vehicles (EVs). Lithium is ideal for electric cars. It's lightweight, stores lots of energy and is rechargeable. Sales of EVs are expected to increase 10-fold by 2030 and estimates are that 1 in 2 cars sold will be electric by 2040.
Fastly, Inc. (NYSE:FSLY) Insider Sells $174,405.42 in Stock
Investor Alert: EV Initiatives Create Unsustainable Demand For Lithium
The soaring demand for lithium is driven by worldwide demand for electric vehicles (EVs). Lithium is ideal for electric cars. It's lightweight, stores lots of energy and is rechargeable. Sales of EVs are expected to increase 10-fold by 2030 and estimates are that 1 in 2 cars sold will be electric by 2040.
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
8/18/2022
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
+27.5%
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
$1.36 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 brokerages have issued twelve-month target prices for Fastly's stock. Their FSLY share price forecasts range from $9.00 to $25.00. On average, they anticipate the company's stock price to reach $14.25 in the next year. This suggests a possible upside of 27.5% 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 on January 1st, 2022. Since then, FSLY stock has decreased by 68.5% and is now trading at $11.18.
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) posted its quarterly earnings results on Wednesday, November, 3rd. The company reported ($0.11) EPS for the quarter, topping analysts' consensus estimates of ($0.45) by $0.34. The business earned $86.74 million during the quarter, compared to analysts' expectations of $84.23 million. Fastly had a negative net margin of 49.93% and a negative trailing twelve-month return on equity of 22.21%. During the same quarter last year, the business earned ($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 guidance of -$0.18--$0.15 for the period, compared to the consensus earnings per share 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 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.

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 retail and institutional investors. Top institutional investors include Renaissance Technologies LLC (1.16%), Mirae Asset Global Investments Co. Ltd. (1.06%), Northern Trust Corp (0.85%), Cubist Systematic Strategies LLC (0.69%), Wolverine Asset Management LLC (0.00%) and Occudo Quantitative Strategies LP (0.42%). 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 $11.18.

How much money does Fastly make?

Fastly (NYSE:FSLY) has a market capitalization of $1.36 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 8/18/2022 by MarketBeat.com Staff

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