Fastly (NYSE:FSLY - Get Free Report) is anticipated to announce its earnings results after the market closes on Wednesday, February 12th. Analysts expect the company to announce earnings of $0.01 per share and revenue of $138.63 million for the quarter. Investors interested in registering for the company's conference call can do so using this link.
Fastly (NYSE:FSLY - Get Free Report) last posted its earnings results on Wednesday, November 6th. The company reported $0.02 earnings per share for the quarter, topping analysts' consensus estimates of ($0.06) by $0.08. The business had revenue of $137.21 million for the quarter, compared to analyst estimates of $131.86 million. Fastly had a negative net margin of 27.47% and a negative return on equity of 13.24%. Fastly's revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.33) EPS.
Fastly Price Performance
Fastly stock traded up $0.09 during midday trading on Friday, reaching $10.08. 2,226,956 shares of the stock were exchanged, compared to its average volume of 2,172,157. The company's fifty day moving average is $10.00 and its 200-day moving average is $8.07. The company has a debt-to-equity ratio of 0.36, a quick ratio of 3.97 and a current ratio of 3.97. The firm has a market cap of $1.41 billion, a PE ratio of -9.25 and a beta of 1.26. Fastly has a 52 week low of $5.52 and a 52 week high of $25.87.
Analysts Set New Price Targets
A number of research firms recently weighed in on FSLY. Citigroup upped their target price on shares of Fastly from $9.00 to $10.00 and gave the stock a "neutral" rating in a report on Friday, January 17th. Oppenheimer raised shares of Fastly from a "market perform" rating to an "outperform" rating and set a $12.00 price target for the company in a research note on Monday, December 2nd. DA Davidson upped their price objective on shares of Fastly from $5.50 to $7.50 and gave the company a "neutral" rating in a research note on Thursday, November 7th. Royal Bank of Canada upped their price objective on shares of Fastly from $7.00 to $10.00 and gave the company a "sector perform" rating in a research note on Friday, January 3rd. Finally, Piper Sandler upped their price objective on shares of Fastly from $8.00 to $10.00 and gave the company a "neutral" rating in a research note on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Fastly has an average rating of "Hold" and a consensus target price of $8.85.
Check Out Our Latest Report on FSLY
Insider Buying and Selling
In related news, CTO Artur Bergman sold 16,922 shares of the company's stock in a transaction on Monday, November 18th. The shares were sold at an average price of $6.25, for a total transaction of $105,762.50. Following the sale, the chief technology officer now owns 6,138,900 shares of the company's stock, valued at $38,368,125. This represents a 0.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Todd Nightingale sold 49,816 shares of the business's stock in a transaction on Monday, November 18th. The shares were sold at an average price of $6.25, for a total transaction of $311,350.00. Following the transaction, the chief executive officer now owns 1,600,973 shares in the company, valued at $10,006,081.25. This trade represents a 3.02 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 250,152 shares of company stock valued at $2,182,083. 6.70% of the stock is owned by insiders.
About Fastly
(
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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.
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