Fastly (FSLY) Stock Price, News & Analysis

Company Overview

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. The company offers network services to speed up and optimize the delivery of web and application traffic; device detection and geolocation; content delivery network, such as dynamic site acceleration, origin shield, instant purge, surrogate keys, programmatic control, content compression, reliability features, fanout, domainr, privacy, and modern protocols and performance services; and video/ streaming solutions and services, including live streaming, video on demand, and media shield. It also provides security solutions, such as DDoS protection, next-gen WAF, bot management, API and ATO protection, advanced rate limiting, and compliance services; load balancing; image optimization; transport layer security (TLS), platform TLS, and certainly; and origin connect. It serves customers operating in digital publishing, media and entertainment, technology, online education, travel and hospitality, and financial services industries. The company was formerly known as SkyCache, Inc. and changed its name to Fastly, Inc. in May 2012. Fastly, Inc. was incorporated in 2011 and is headquartered in San Francisco, California.

Key Stats

• Today's Range: $7.00 to $7.40
• 50-Day Range: $5.63 to $8.21
• 52-Week Range: $5.52 to $25.87
• Volume: 2.48 million shs
• Average Volume: 3.77 million shs
• Market Capitalization: $961.25 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $7.81
• Consensus Rating: Hold

Fastly Stock Analysis - MarketRank™

Fastly scored higher than 72% of companies evaluated by MarketBeat, and ranked 399th out of 671 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.1 / 5
• Analyst Rating: Hold

Consensus Rating

Fastly has received a consensus rating of Hold. The company's average rating score is 2.13, and is based on no buy ratings, 6 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Fastly has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Fastly are expected to grow in the coming year, from ($0.96) to ($0.77) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Fastly is -7.04, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Fastly is -7.04, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Fastly has a P/B Ratio of 0.94. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

10.46% of the outstanding shares of Fastly have been sold short.

Short Interest Ratio / Days to Cover

Fastly has a short interest ratio ("days to cover") of 4.3.

Change versus previous month

Short interest in Fastly has recently decreased by 7.27%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Fastly does not currently pay a dividend.

Dividend Growth

Fastly does not have a long track record of dividend growth.

Sustainability and ESG

• Score: 3.4 / 5
• Environmental Score: -0.68

Percentage of Shares Shorted

10.46% of the outstanding shares of Fastly have been sold short.

Short Interest Ratio / Days to Cover

Fastly has a short interest ratio ("days to cover") of 4.3.

Change versus previous month

Short interest in Fastly has recently decreased by 7.27%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 1.3 / 5
• News Sentiment: 0.34

News Sentiment

Fastly has a news sentiment score of 0.34. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.59 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 9 news articles for Fastly this week, compared to 9 articles on an average week.

Search Interest

Only 9 people have searched for FSLY on MarketBeat in the last 30 days. This is a decrease of -40% compared to the previous 30 days.

MarketBeat Follows

Only 1 people have added Fastly to their MarketBeat watchlist in the last 30 days. This is a decrease of -88% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Fastly insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $990,251.00 in company stock.

Percentage Held by Insiders

Only 6.70% of the stock of Fastly is held by insiders.

Percentage Held by Institutions

79.71% of the stock of Fastly is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

FSLY Stock Analysis - Frequently Asked Questions

How have FSLY shares performed this year?

Fastly's stock was trading at $17.80 on January 1st, 2024. Since then, FSLY shares have decreased by 60.4% and is now trading at $7.04.
View the best growth stocks for 2024 here.

How were Fastly's earnings last quarter?

Fastly, Inc. (NYSE:FSLY) released its quarterly earnings data on Wednesday, August, 7th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.01. Fastly's revenue for the quarter was up 7.8% on a year-over-year basis.

When did Fastly IPO?

Fastly (FSLY) raised $170 million in an 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.

Who are Fastly's major shareholders?

Fastly's top institutional shareholders include Dimensional Fund Advisors LP (2.47%), Bank of New York Mellon Corp (0.93%), Squarepoint Ops LLC and Point72 Asset Management L.P. (0.55%). Insiders that own company stock include Artur Bergman, Todd Nightingale, Joshua Bixby, Ronald W Kisling, Brett Shirk, David Hornik, Christopher B Paisley, Richard Devon Daniels and Paul Luongo.
View institutional ownership trends.

How do I buy shares of Fastly?

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.
Compare Top Brokerages Here.

What other stocks do shareholders of Fastly own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Fastly investors own include NVIDIA (NVDA), DocuSign (DOCU), Block (SQ), Shopify (SHOP), Tesla (TSLA), Zoom Video Communications (ZM) and Trade Desk (TTD).

Company Calendar

• Last Earnings: 8/07/2024
• Today: 9/18/2024
• Next Earnings (Estimated): 11/06/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Computer and Technology
• Industry: Prepackaged software
• Sub-Industry: Computer Software
• Current Symbol: NYSE:FSLY
• CUSIP: N/A
• CIK: 1517413
• Web: www.fastly.com
• Phone: (844) 432-7859
• Fax: N/A
• Employees: 1,207
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $7.81
• High Stock Price Target: $10.00
• Low Stock Price Target: $6.00
• Potential Upside/Downside: +11.0%
• Consensus Rating: Hold
• Rating Score (0-4): 2.13
• Research Coverage: 8 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($1.00)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-133,090,000.00
• Net Margins: -31.02%
• Pretax Margin: -30.92%
• Return on Equity: -15.22%
• Return on Assets: -9.70%

Debt

• Debt-to-Equity Ratio: 0.35
• Current Ratio: 4.13
• Quick Ratio: 4.13

Sales & Book Value

• Annual Sales: $531.48 million
• Price / Sales: 1.81
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $7.49 per share
• Price / Book: 0.94

Miscellaneous

• Outstanding Shares: 136,638,000
• Free Float: 127,483,000
• Market Cap: $961.93 million
• Optionable: Optionable
• Beta: 1.20