Fastly (NYSE:FSLY) Releases FY 2025 Earnings Guidance

Fastly (NYSE:FSLY - Get Free Report) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided EPS guidance of -0.150--0.090 for the period, compared to the consensus EPS estimate of 0.030. The company issued revenue guidance of $575.0 million-$585.0 million, compared to the consensus revenue estimate of $575.8 million. Fastly also updated its Q1 2025 guidance to -0.090--0.050 EPS.

Fastly Trading Up 1.4 %

Fastly stock traded up $0.12 during trading hours on Friday, hitting $8.09. The stock had a trading volume of 5,269,424 shares, compared to its average volume of 2,172,157. The company has a quick ratio of 3.97, a current ratio of 3.97 and a debt-to-equity ratio of 0.36. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of -7.42 and a beta of 1.26. Fastly has a one year low of $5.52 and a one year high of $18.42. The business's 50 day simple moving average is $9.93 and its 200-day simple moving average is $8.11.

Fastly (NYSE:FSLY - Get Free Report) last posted its earnings results on Wednesday, February 12th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.22). Fastly had a negative net margin of 27.47% and a negative return on equity of 13.24%. On average, equities analysts predict that Fastly will post -0.86 EPS for the current fiscal year.

Analysts Set New Price Targets

FSLY has been the subject of several research reports. DA Davidson increased their target price on Fastly from $5.50 to $7.50 and gave the company a "neutral" rating in a research report on Thursday, November 7th. Craig Hallum increased their price target on Fastly from $6.00 to $8.00 and gave the company a "hold" rating in a research note on Thursday, November 7th. Royal Bank of Canada decreased their price target on Fastly from $10.00 to $8.00 and set a "sector perform" rating for the company in a research note on Thursday. Piper Sandler reissued a "neutral" rating and issued a $9.00 price target (down previously from $10.00) on shares of Fastly in a research note on Thursday. Finally, Citigroup increased their price target on Fastly from $9.00 to $10.00 and gave the company a "neutral" rating in a research note on Friday, January 17th. One investment 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. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $8.55.

Insider Buying and Selling

In related news, CTO Artur Bergman sold 10,000 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $10.58, for a total transaction of $105,800.00. Following the completion of the sale, the chief technology officer now owns 3,364,136 shares of the company's stock, valued at $35,592,558.88. This trade represents a 0.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Todd Nightingale sold 49,816 shares of the firm's stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $6.25, for a total value of $311,350.00. Following the completion of the sale, the chief executive officer now directly owns 1,600,973 shares of the company's stock, 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. Insiders sold 260,152 shares of company stock valued at $2,287,883 over the last 90 days. Company insiders own 6.70% of the company's stock.

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.