Fastly (FSLY) Stock Price, News & Analysis

8 Wall Street equities research 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 equities research analysts is that investors should "moderate buy" FSLY shares.
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8 brokerages have issued 12 month target prices for Fastly's stock. Their FSLY share price targets range from $16.00 to $25.00. On average, they predict the company's share price to reach $19.11 in the next year. This suggests a possible upside of 45.7% from the stock's current price.
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Fastly's stock was trading at $17.80 on January 1st, 2024. Since then, FSLY stock has decreased by 26.3% and is now trading at $13.12.
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Fastly saw a increase in short interest during 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 trading volume of 4,100,000 shares, the days-to-cover ratio is currently 2.5 days.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
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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".

Fastly, Inc. (NYSE:FSLY) announced its quarterly earnings results on Wednesday, February, 14th. The company reported ($0.26) EPS for the quarter, beating the consensus estimate 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 trailing twelve-month return on equity of 16.02% and a negative net margin of 26.30%.

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).

Fastly issued an update on its first quarter 2024 earnings guidance on Wednesday, February, 14th. The company provided 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.

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.

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 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.

Fastly's stock is owned by many different retail and institutional investors. Top institutional investors include IMC Chicago LLC (0.00%), Strategic Planning Group LLC (0.05%), International Assets Investment Management LLC (0.02%) and Los Angeles Capital Management 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.
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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.
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