Should I buy or sell Fastly stock right now?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fastly in the last twelve months. There are currently 5 hold ratings, 2 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" FSLY shares. View FSLY analyst ratings or view top-rated stocks .

What is Fastly's stock price target for 2024?

8 analysts have issued 1 year price targets for Fastly's stock. Their FSLY share price targets range from $16.00 to $25.00. On average, they anticipate the company's share price to reach $19.11 in the next year. This suggests a possible upside of 54.4% 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 2024?

Fastly's stock was trading at $17.80 at the start of the year. Since then, FSLY stock has decreased by 30.4% and is now trading at $12.38. View the best growth stocks for 2024 here .

Are investors shorting Fastly?

Fastly saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 10,190,000 shares, an increase of 14.1% from the March 15th total of 8,930,000 shares. Based on an average daily volume of 4,100,000 shares, the short-interest ratio is currently 2.5 days. View Fastly's Short Interest .

When is Fastly's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024. View our FSLY earnings forecast .

How can I listen to Fastly's earnings call?

Fastly will be holding an earnings conference call on Wednesday, May 1st at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 609-800-9909 with passcode "7543239".

How were Fastly's earnings last quarter?

Fastly, Inc. (NYSE:FSLY) issued its quarterly earnings results on Wednesday, February, 14th. The company reported ($0.26) earnings per share for the quarter, beating analysts' consensus estimates of ($0.31) by $0.05. The company had revenue of $137.78 million for the quarter, compared to the consensus estimate of $139.25 million. Fastly had a negative net margin of 26.30% and a negative trailing twelve-month return on equity of 16.02%.

What ETFs hold Fastly's stock?

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

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

Fastly issued an update on its first quarter 2024 earnings guidance on Wednesday, February, 14th. The company provided earnings per share (EPS) guidance of -0.090--0.050 for the period, compared to the consensus EPS estimate of -0.030. The company issued revenue guidance of $131.0 million-$135.0 million, compared to the consensus revenue estimate of $135.5 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) .

Fastly (FSLY) raised $170 million in an 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.

Who are Fastly's major shareholders?

Fastly's stock is owned by a number of retail and institutional investors. Top institutional shareholders include IMC Chicago LLC (0.00%), Strategic Planning Group LLC (0.05%), International Assets Investment Management LLC (0.02%), Los Angeles Capital Management LLC (0.01%) and 180 Wealth Advisors LLC (0.01%). 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 , Mark A Ledoux, Paul Luongo , Richard Devon Daniels, Robert Eugene Watson, Ronald W Kisling and Todd Nightingale . 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NYSE:FSLY

Fastly (FSLY) Stock Price, News & Analysis

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$12.38

-0.14 (-1.12%)

(As of 04/18/2024 ET)

Compare

Today's Range: $12.35
▼
$12.82
50-Day Range: $12.51
▼
$24.99
52-Week Range: $11.61
▼
$25.87

Volume: 2.22 million shs
Average Volume: 3.92 million shs
Market Capitalization: $1.66 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $19.11

Get Fastly alerts:

Fastly MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 54.4% Upside
$19.11 Price Target
Short Interest: Bearish
7.59% of Shares Sold Short
Dividend Strength: N/A
Sustainability: -0.68
Upright™ Environmental Score
News Sentiment: 1.19
Based on 4 Articles This Week
Insider Trading: Selling Shares
$5.03 M Sold Last Quarter
Proj. Earnings Growth: Growing
From ($1.07) to ($0.93) Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.64 out of 5 stars

Computer And Technology Sector

211th out of 586 stocks

Prepackaged Software Industry

59th out of 194 stocks

3.3

Analyst's Opinion

Consensus Rating
Fastly has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 2 buy ratings, 5 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Fastly has only been the subject of 4 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
7.59% of the outstanding shares of Fastly have been sold short.
Short Interest Ratio / Days to Cover
Fastly has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Fastly has recently increased by 14.11%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Fastly does not currently pay a dividend.
Dividend Growth
Fastly does not have a long track record of dividend growth.

3.4

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Fastly has received a 38.07% net impact score from Upright. Fastly seems to create the most significant positive value in categories "Taxes", "Knowledge infrastructure", and "Jobs". The positive contribution in the "Knowledge infrastructure" impact category is mostly driven by its "Data privacy tracking and control software", "Firewall software", "Antivirus software", "Quantum computing development environments", and "Data loss prevention software" products. See details.
Environmental Sustainability
The Environmental Impact score for Fastly is -0.68.

2.3

News and Social Media Coverage

News Sentiment
Fastly has a news sentiment score of 1.19. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.49 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Fastly this week, compared to 5 articles on an average week.
Search Interest
Only 28 people have searched for FSLY on MarketBeat in the last 30 days. This is a decrease of -39% compared to the previous 30 days.
MarketBeat Follows
Only 23 people have added Fastly to their MarketBeat watchlist in the last 30 days. This is a decrease of -4% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Fastly insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $5,029,209.00 in company stock.
Percentage Held by Insiders
Only 7.60% of the stock of Fastly is held by insiders.
Percentage Held by Institutions
79.71% of the stock of Fastly is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Fastly are expected to grow in the coming year, from ($1.07) to ($0.93) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Fastly is -11.90, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Fastly is -11.90, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Fastly has a P/B Ratio of 1.65. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Fastly Stock (NYSE:FSLY)

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. The company offers network services to speed up and optimize the delivery of web and application traffic; device detection and geolocation; content delivery network, such as dynamic site acceleration, origin shield, instant purge, surrogate keys, programmatic control, content compression, reliability features, fanout, domainr, privacy, and modern protocols and performance services; and video/ streaming solutions and services, including live streaming, video on demand, and media shield. It also provides security solutions, such as DDoS protection, next-gen WAF, bot management, API and ATO protection, advanced rate limiting, and compliance services; load balancing; image optimization; transport layer security (TLS), platform TLS, and certainly; and origin connect. It serves customers operating in digital publishing, media and entertainment, technology, online education, 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.

FSLY Stock Price History

30 days | 90 days | 365 days | Advanced Chart

FSLY Stock News Headlines

April 4, 2024 | insidertrades.com

Fastly, Inc. (NYSE:FSLY) CFO Ronald W. Kisling Sells 12,000 Shares

March 20, 2024 | insidertrades.com

Insider Selling: Fastly, Inc. (NYSE:FSLY) Director Sells 7,766 Shares of Stock

April 18, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

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April 13, 2024 | nasdaq.com

May 31st Options Now Available For Fastly (FSLY)

April 12, 2024 | fool.com

Meet the Growth Stock I've Nearly Doubled My Stake in This Year

April 10, 2024 | finance.yahoo.com

Following a 17% decline over last year, recent gains may please Fastly, Inc. (NYSE:FSLY) institutional owners

April 10, 2024 | fool.com

3 No-Brainer Stocks to Buy With $50 Right Now

April 9, 2024 | americanbankingnews.com

Fastly (NYSE:FSLY) Upgraded to "Overweight" by Piper Sandler

April 18, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

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April 8, 2024 | markets.businessinsider.com

Buy Rating Justified: Fastly’s Growth, Market Share Gain, and Promising Financial Outlook

April 8, 2024 | msn.com

Fastly Stock Surges Following Piper Sandler Upgrade Amid 'Favorable Competitive Landscape'

April 8, 2024 | msn.com

Fastly Has 'Magic Of Possibility,' Says Analyst: 'Growth Comes From Non-Top 10 Enterprises'

April 8, 2024 | msn.com

Fastly jumps as CDN business heats up, receives upgrade: Piper Sandler

April 8, 2024 | seekingalpha.com

Fastly upgraded to Overweight as CDN business heats up: Piper Sandler

April 8, 2024 | seekingalpha.com

Fastly: It's A Great Time To Buy In Amid Lower Expectations

April 4, 2024 | finance.yahoo.com

Martian Named as Top 100 Most Promising Private AI Companies of 2024 by CB Insights

April 4, 2024 | finance.yahoo.com

Insider Sell: CFO Ronald Kisling Sells 12,000 Shares of Fastly Inc (FSLY)

April 3, 2024 | businesswire.com

Fastly to Announce First Quarter 2024 Financial Results

April 3, 2024 | seekingalpha.com

Fastly: +30% Upside Exists, But So Do Significant Challenges

April 2, 2024 | finance.yahoo.com

Fastly Unveils New Bot Management Solution to Help Detect and Block Threats at the Edge

March 28, 2024 | fool.com

Fastly Stock Has 43% Upside, According to 1 Wall Street Analyst

March 27, 2024 | msn.com

3 Absurdly Expensive Stocks to Sell Now Before It’s Too Late

March 25, 2024 | investorplace.com

3 Sorry Cloud Computing Stocks to Sell in March While You Still Can

March 24, 2024 | investorplace.com

3 Under-the-Radar Cloud Computing Stocks With a Massive Growth Runway

March 22, 2024 | fool.com

What's Going On With Fastly Stock?

March 21, 2024 | businesswire.com

Fastly Launches New Global Event Series: Xcelerate 2024

March 20, 2024 | businesswire.com

Rampant API Growth Causing Cybersecurity Risks for Businesses

See More Headlines

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Company Calendar

Last Earnings: 2/14/2024
Today: 4/18/2024
Next Earnings (Confirmed): 5/01/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Computer and Technology
Industry: Prepackaged software
Sub-Industry: N/A
Current Symbol: NYSE:FSLY
CUSIP: N/A
CIK: 1517413
Web: www.fastly.com
Phone: (844) 432-7859
Fax: N/A
Employees: 1,207
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $19.11
High Stock Price Target: $25.00
Low Stock Price Target: $16.00
Potential Upside/Downside: +52.0%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 8 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($1.04)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-133,090,000.00
Net Margins: -26.30%
Pretax Margin: -26.35%
Return on Equity: -16.02%
Return on Assets: -9.33%

Debt

Debt-to-Equity Ratio: 0.35
Current Ratio: 3.14
Quick Ratio: 3.14

Sales & Book Value

Annual Sales: $505.99 million
Price / Sales: 3.33
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $7.49 per share
Price / Book: 1.68

Miscellaneous

Outstanding Shares: 134,200,000
Free Float: 124,001,000
Market Cap: $1.69 billion
Optionable: Optionable
Beta: 1.22

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Key Executives

Mr. Todd Nightingale (Age 44)
CEO & Director
Comp: $1.34M
Mr. Artur Bergman (Age 44)
Co-Founder, Chief Architect & Director
Comp: $479.63k
Mr. Ronald W. Kisling (Age 63)
Chief Financial Officer
Comp: $601.17k
Mr. Tyler McMullen
Chief Technology Officer
Mr. Vernon P. Essi Jr.
Head of IR
Ms. Karen Greenstein
General Counsel
Mr. Peter Alexander
Chief Marketing Officer
Ms. Puja Jaspal
Chief People Officer
Mr. Nicholas Rockwell
Executive Vice President of Strategy & Operations
Ms. Kim Ogletree
Chief Customer Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

FSLY Stock Analysis - Frequently Asked Questions

Should I buy or sell Fastly stock right now?: 8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fastly in the last twelve months. There are currently 5 hold ratings, 2 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" FSLY shares.
View FSLY analyst ratings or view top-rated stocks.
What is Fastly's stock price target for 2024?: 8 analysts have issued 1 year price targets for Fastly's stock. Their FSLY share price targets range from $16.00 to $25.00. On average, they anticipate the company's share price to reach $19.11 in the next year. This suggests a possible upside of 54.4% 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 2024?: Fastly's stock was trading at $17.80 at the start of the year. Since then, FSLY stock has decreased by 30.4% and is now trading at $12.38.
View the best growth stocks for 2024 here.
Are investors shorting Fastly?: Fastly saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 10,190,000 shares, an increase of 14.1% from the March 15th total of 8,930,000 shares. Based on an average daily volume of 4,100,000 shares, the short-interest ratio is currently 2.5 days.
View Fastly's Short Interest.
When is Fastly's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our FSLY earnings forecast.
How can I listen to Fastly's earnings call?: Fastly will be holding an earnings conference call on Wednesday, May 1st at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 609-800-9909 with passcode "7543239".
How were Fastly's earnings last quarter?: Fastly, Inc. (NYSE:FSLY) issued its quarterly earnings results on Wednesday, February, 14th. The company reported ($0.26) earnings per share for the quarter, beating analysts' consensus estimates of ($0.31) by $0.05. The company had revenue of $137.78 million for the quarter, compared to the consensus estimate of $139.25 million. Fastly had a negative net margin of 26.30% and a negative trailing twelve-month return on equity of 16.02%.
What ETFs hold Fastly's stock?: ETFs with the largest weight of Fastly (NYSE:FSLY) stock in their portfolio include WisdomTree Cybersecurity Fund (WCBR), SPDR S&P Internet ETF (XWEB), Global X Cloud Computing ETF (CLOU), Simplify Volt Cloud and Cybersecurity Disruption ETF (VCLO), Xtrackers Cybersecurity Select Equity ETF (PSWD), First Trust Cloud Computing ETF (SKYY), Direxion Moonshot Innovators ETF (MOON) and WisdomTree Cloud Computing Fund (WCLD).

What guidance has Fastly issued on next quarter's earnings?: Fastly issued an update on its first quarter 2024 earnings guidance on Wednesday, February, 14th. The company provided earnings per share (EPS) guidance of -0.090--0.050 for the period, compared to the consensus EPS estimate of -0.030. The company issued revenue guidance of $131.0 million-$135.0 million, compared to the consensus revenue estimate of $135.5 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?: Fastly (FSLY) raised $170 million in an 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.
Who are Fastly's major shareholders?: Fastly's stock is owned by a number of retail and institutional investors. Top institutional shareholders include IMC Chicago LLC (0.00%), Strategic Planning Group LLC (0.05%), International Assets Investment Management LLC (0.02%), Los Angeles Capital Management LLC (0.01%) and 180 Wealth Advisors LLC (0.01%). 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, Mark A Ledoux, Paul Luongo, Richard Devon Daniels, Robert Eugene Watson, Ronald W Kisling and Todd Nightingale.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:FSLY) was last updated on 4/18/2024 by MarketBeat.com Staff

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Fastly (FSLY) Stock Price, News & Analysis

Fastly MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Fastly Stock (NYSE:FSLY)

FSLY Stock Price History

FSLY Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

FSLY Stock Analysis - Frequently Asked Questions

Overall MarketRank^™