Fastly (NYSE:FSLY) Posts Quarterly Earnings Results, Misses Expectations By $0.22 EPS

Fastly (NYSE:FSLY - Get Free Report) posted its earnings results on Wednesday. The company reported ($0.21) earnings per share for the quarter, missing analysts' consensus estimates of $0.01 by ($0.22), Zacks reports. Fastly had a negative return on equity of 13.24% and a negative net margin of 27.47%. Fastly updated its Q1 2025 guidance to -0.090--0.050 EPS and its FY 2025 guidance to -0.150--0.090 EPS.

Fastly Stock Up 1.4 %

FSLY stock traded up $0.12 during trading on Friday, reaching $8.09. 5,269,424 shares of the stock were exchanged, compared to its average volume of 2,172,157. The firm's 50 day moving average is $9.93 and its 200 day moving average is $8.11. The firm has a market cap of $1.13 billion, a P/E ratio of -7.42 and a beta of 1.26. The company has a current ratio of 3.97, a quick ratio of 3.97 and a debt-to-equity ratio of 0.36. Fastly has a twelve month low of $5.52 and a twelve month high of $18.42.

Insider Buying and Selling at Fastly

In other Fastly news, CFO Ronald W. Kisling sold 12,500 shares of the company's stock in a transaction on Monday, January 6th. The shares were sold at an average price of $10.00, for a total transaction of $125,000.00. Following the transaction, the chief financial officer now owns 525,850 shares in the company, valued at approximately $5,258,500. This represents a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CTO Artur Bergman sold 3,400 shares of Fastly stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $12.01, for a total transaction of $40,834.00. Following the transaction, the chief technology officer now owns 3,444,136 shares of the company's stock, valued at $41,364,073.36. This represents a 0.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 260,152 shares of company stock valued at $2,287,883. Company insiders own 6.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on FSLY shares. Piper Sandler restated a "neutral" rating and issued a $9.00 price target (down previously from $10.00) on shares of Fastly in a research report on Thursday. Oppenheimer upgraded shares of Fastly from a "market perform" rating to an "outperform" rating and set a $12.00 target price on the stock in a report on Monday, December 2nd. Citigroup increased their price target on Fastly from $9.00 to $10.00 and gave the stock a "neutral" rating in a report on Friday, January 17th. Craig Hallum boosted their price objective on Fastly from $6.00 to $8.00 and gave the company a "hold" rating in a research note on Thursday, November 7th. Finally, Royal Bank of Canada decreased their target price on Fastly from $10.00 to $8.00 and set a "sector perform" rating for the company in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $8.55.

About Fastly

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.