Fastly, Inc. (FSLY)

NYSE: FSLY · IEX Real-Time Price · USD
18.32
+0.55 (3.10%)
At close: Sep 27, 2023, 4:00 PM
18.36
+0.04 (0.22%)
Pre-market: Sep 28, 2023, 6:12 AM EDT
3.1%
Market Cap 2.37B
Revenue (ttm) 468.22M
Net Income (ttm) -165.46M
Shares Out 129.20M
EPS (ttm) -1.34
PE Ratio n/a
Forward PE 769.23
Dividend n/a
Ex-Dividend Date n/a
Volume 1,293,677
Open 18.24
Previous Close 17.77
Day's Range 17.89 - 18.49
52-Week Range 7.15 - 24.31
Beta 1.26
Analysts Hold
Price Target 16.44 (-10.26%)
Earnings Date Nov 1, 2023

About 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. It is a programmable platform designed for web and application delivery. The company offers Compute@Edge; network services to speed up and optimize the delivery of web and application traffic; device detecti... [Read more]

Sector Technology
IPO Date May 17, 2019
Employees 1,112
Stock Exchange NYSE
Ticker Symbol FSLY
Full Company Profile

Financial Performance

In 2022, Fastly's revenue was $432.73 million, an increase of 22.12% compared to the previous year's $354.33 million. Losses were -$190.77 million, -14.33% less than in 2021.

Financial Statements

Analyst Forecast

According to 10 analysts, the average rating for FSLY stock is "Hold." The 12-month stock price forecast is $16.44, which is a decrease of -10.26% from the latest price.

Price Target
$16.44
(-10.26% downside)
Analyst Consensus: Hold
Stock Forecasts

News

Fastly Expands Domains API and TLS Capabilities with Domainr Acquisition and General Availability of Certainly Certification Authority

SAN FRANCISCO--(BUSINESS WIRE)--Fastly, Inc. (NYSE: FSLY), a leader in global edge cloud platforms, today announced two major developments in its domain name API and Transport Layer Security (TLS) cap...

5 weeks ago - Business Wire

Fastly Deploys Industry-Leading Threat Intelligence Capabilities to Publish Network Effect Threat Report

SAN FRANCISCO--(BUSINESS WIRE)--Fastly, Inc. (NYSE: FSLY), a leader in global edge cloud platforms, today announced the publication of its first threat intelligence report, the “Network Effect Threat ...

7 weeks ago - Business Wire

Fastly Stock Soars as Earnings Top Estimates

The content delivery network provider sees better-than-forecast growth and raises its full-year revenue outlook.

7 weeks ago - Barrons

Fastly Announces Second Quarter 2023 Financial Results

SAN FRANCISCO--(BUSINESS WIRE)--Fastly, Inc. (NYSE: FSLY), one of the world's fastest edge cloud platforms, today announced financial results for its second quarter ended June 30, 2023. “I am pleased ...

2 months ago - Business Wire

Fastly Strengthens Leadership Team with Appointments of New Chief Marketing Officer, Chief Information Security Officer and General Counsel

SAN FRANCISCO--(BUSINESS WIRE)--Fastly, Inc. (NYSE: FSLY), a leader in global edge cloud platforms, today announced two new members to its executive team, as well as a key management promotion. Peter ...

2 months ago - Business Wire

Fastly to Present at Upcoming Investor Conferences

SAN FRANCISCO--(BUSINESS WIRE)--Fastly, Inc. (NYSE: FSLY), one of the world's fastest global edge cloud platforms, today announced that management will be participating in fireside chats at the follow...

2 months ago - Business Wire

Fastly to Announce Second Quarter 2023 Financial Results

SAN FRANCISCO--(BUSINESS WIRE)--Fastly, Inc. (NYSE: FSLY), one of the world's fastest global edge cloud platforms, will release financial results for the second quarter of 2023 after market close on W...

2 months ago - Business Wire

Fastly Aims for Evolution to Edge-Cloud Leader

Cloud computing firm Fastly held its annual investor day with company projections showing up to $900 million in 2026 revenue. Fastly CEO Todd Nightingale joins Ed Ludlow on "Bloomberg Technology.

3 months ago - Bloomberg Technology

Fastly Shares Stage a Rally on New Flat-Rate Pricing Model

Edge cloud computing services Fastly, Inc. NASDAQ: FSLY shares have been rallying on optimism for its OHTTP relay and current pricing strategy. Fastly's core business is as a content delivery network ...

3 months ago - MarketBeat

Fastly Expands Its Market Reach with Simplified Pricing and Packages

SAN FRANCISCO--(BUSINESS WIRE)--Fastly, Inc. (NYSE: FSLY), a leader in global edge cloud platforms, today announced new, simplified pricing and packages for its core services, making it easier for com...

3 months ago - Business Wire

Fastly to Host Investor Day on June 22, 2023

SAN FRANCISCO--(BUSINESS WIRE)--Fastly, Inc. (NYSE: FSLY), one of the world's fastest global edge cloud platforms, will host its 2023 Investor Day on Thursday, June 22, 2023, beginning at 1:00 p.m. ET...

4 months ago - Business Wire

Fastly Announces Repurchase of 0% Convertible Senior Notes Due 2026

SAN FRANCISCO--(BUSINESS WIRE)--Fastly, Inc. (NYSE: FSLY), one of the world's fastest edge cloud platforms, today announced that it has entered into separate, privately negotiated transactions (the “A...

5 months ago - Business Wire

Fastly Announces First Quarter 2023 Financial Results

SAN FRANCISCO--(BUSINESS WIRE)--Fastly, Inc. (NYSE: FSLY), one of the world's fastest edge cloud platforms, today announced financial results for its first quarter ended March 31, 2023. “We are please...

5 months ago - Business Wire

These 2 Tech Stocks Are Part of the Backbone of the Internet

A Content Delivery Network (CDN) is a footprint of data center servers that deliver content such as webpages and videos to the user in a secure and fast manner. Almost every major website likely uses ...

Other symbols: NET
5 months ago - GuruFocus

Fastly to Announce First Quarter 2023 Financial Results

SAN FRANCISCO--(BUSINESS WIRE)--Fastly, Inc. (NYSE: FSLY), one of the world's fastest global edge cloud platforms, will release financial results for the first quarter of 2023 after market close on We...

6 months ago - Business Wire

Fastly Introduces New Partner Program to Deliver Greater Value for Customers and Partners

SAN FRANCISCO--(BUSINESS WIRE)--Fastly, Inc. (NYSE: FSLY), one of the world's fastest global edge cloud platforms, today announced a new partner program that significantly expands and simplifies the a...

6 months ago - Business Wire

Google Selects Fastly Oblivious HTTP Relay for Privacy Sandbox Initiative to Enhance Online Privacy for Billions of Chrome Users

SAN FRANCISCO--(BUSINESS WIRE)--Fastly, Inc. (NYSE: FSLY), the world's fastest global edge cloud platform, today announced it has entered into an agreement with Google LLC (NASDAQ: GOOGL) to operate a...

Other symbols: GOOGL
7 months ago - Business Wire

Fastly Launches Managed Security Service to Protect Enterprises from Rising Web Application Attacks

SAN FRANCISCO--(BUSINESS WIRE)--Fastly, Inc. (NYSE: FSLY), the world's fastest global edge cloud platform, today launched Fastly Managed Security Service, a premier 24/7 threat detection and response ...

7 months ago - Business Wire

Fastly Results 'Beat All Around.' The Stock Soars After Receiving Upgrades.

A strong sales outlook from Fastly has analysts upgrading the stock.

7 months ago - Barrons

Fastly Announces Fourth Quarter and Full Year 2022 Financial Results

SAN FRANCISCO--(BUSINESS WIRE)--Fastly, Inc. (NYSE: FSLY), the world's fastest edge cloud platform, today announced financial results for its fourth quarter and full year ended December 31, 2022. “We ...

8 months ago - Business Wire

Fastly's stock is on pace for its biggest percentage gain since 2020, as analysts cite overhaul under new CEO

Shares of Fastly Inc. were on pace for their biggest percentage gain in nearly three years, after BofA analysts on Monday upgraded the stock and said that turnaround efforts under the cloud-software p...

8 months ago - Market Watch

Why is this cloud stock up 25% on Monday?

Shares of Fastly Inc (NYSE: FSLY) are up more than 25% today after a Bank of America analyst turned super bullish on the cloud computing services provider.

8 months ago - Invezz

Fastly stock surges after Bank of America upgrades shares

Yahoo Finance Live anchors Julie Hyman and Brian Sozzi discuss the rise in stock for Fastly following a Bank of America analyst's upgrade.

8 months ago - Yahoo Finance

Fastly Named A Gartner® Peer Insights™ Customers' Choice for Cloud Web Application and API Protection for Fifth Consecutive Year

SAN FRANCISCO--(BUSINESS WIRE)--Fastly, Inc. (NYSE: FSLY), today announced it was named a 2023 Gartner® Peer Insights™ Customers' Choice for Cloud Web Application and API Protection (WAAP) for the fif...

8 months ago - Business Wire

Fastly to Announce Fourth Quarter and Full Year 2022 Financial Results

SAN FRANCISCO--(BUSINESS WIRE)--Fastly, Inc. (NYSE: FSLY), the world's fastest global edge cloud platform, will release financial results for the fourth quarter and full year 2022 after market close...

9 months ago - Business Wire