Fastly (FSLY) News Today

Fastly, Inc. (NYSE: FSLY) shares are getting mixed reactions after the company’s first-quarter report: the stock appears to be down overall despite solid operating results, because investors focused more on signs of slower core delivery growth and potentially decelerating momentum later this year.

• Positive Sentiment: Fastly beat Q1 expectations, turning a $0.05 loss into $0.13 non-GAAP EPS while revenue rose 19.8%; management also raised full-year guidance, and security and compute revenue growth were key drivers. Fastly Announces Record First Quarter 2026 Financial Results
• Positive Sentiment: Fastly’s security revenue climbed 47% to a record $38.8 million, suggesting diversification beyond core delivery is gaining traction. Fastly's Security Revenues Climb 47%: Is Diversification Paying Off?
• Positive Sentiment: Analysts turned more constructive after the report, with Raymond James upgrading Fastly to Outperform and Citi lifting its price target, citing an AI traffic inflection and stronger long-term potential. Raymond James Just Upgraded Fastly to Outperform: AI Traffic Inflection Powers $23 Price Target
• Neutral Sentiment: Some coverage emphasized that the company’s quarter was strong but that the stock reaction may reflect a market reassessment of growth quality rather than the headline earnings beat. FSLY Q1 Deep Dive: Security and Compute Growth Offset by Market Concerns on Outlook
• Negative Sentiment: Despite the beat, investors reacted to concerns that core delivery growth slowed and that growth may decelerate through the year, prompting several notes and price-target cuts after the earnings release. FSLY Q1 Earnings Beat Estimates on Security and Compute Growth
• Negative Sentiment: Piper Sandler cut its price target and described the quarter as more “in-line” than expected, adding to the selloff as traders worried the upside case was less compelling than the headline numbers suggested. Piper Sandler Cuts Fastly Price Target as Core Delivery Slowdown Crushes the Q1 Print

Bottom line: Fastly’s earnings and guidance were better than expected, but the stock is being pressured by concerns over slowing core growth and whether the recent security/compute strength can sustain the company’s overall momentum.