Fastly (FSLY) Scheduled to Post Earnings on Wednesday

Fastly (NYSE:FSLY - Get Free Report) is scheduled to be releasing its earnings data after the market closes on Wednesday, November 6th. Analysts expect Fastly to post earnings of ($0.06) per share for the quarter. Individual that are interested in participating in the company's earnings conference call can do so using this link.

Fastly (NYSE:FSLY - Get Free Report) last posted its earnings results on Wednesday, August 7th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.08) by $0.01. Fastly had a negative net margin of 31.02% and a negative return on equity of 15.22%. The business had revenue of $132.37 million for the quarter, compared to analyst estimates of $131.62 million. During the same period last year, the business posted ($0.32) EPS. Fastly's revenue was up 7.8% compared to the same quarter last year. On average, analysts expect Fastly to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Fastly Stock Performance

Shares of FSLY traded up $0.01 during mid-day trading on Wednesday, hitting $7.35. The company's stock had a trading volume of 1,200,606 shares, compared to its average volume of 3,532,355. The firm has a market capitalization of $1.02 billion, a PE ratio of -7.35 and a beta of 1.22. Fastly has a one year low of $5.52 and a one year high of $25.87. The stock's 50-day moving average is $6.86 and its two-hundred day moving average is $7.82. The company has a debt-to-equity ratio of 0.35, a quick ratio of 4.13 and a current ratio of 4.13.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on FSLY shares. Morgan Stanley cut their price target on Fastly from $12.00 to $7.00 and set an "equal weight" rating for the company in a report on Tuesday, August 27th. Raymond James cut shares of Fastly from a "strong-buy" rating to a "market perform" rating in a research report on Tuesday, October 1st. Craig Hallum cut their price objective on shares of Fastly from $10.00 to $6.00 and set a "hold" rating on the stock in a report on Thursday, August 8th. Finally, Piper Sandler lowered shares of Fastly from an "overweight" rating to a "neutral" rating and lowered their target price for the stock from $10.00 to $6.00 in a report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. According to data from MarketBeat, Fastly presently has an average rating of "Hold" and an average price target of $7.81.

Insiders Place Their Bets

In other news, CTO Artur Bergman sold 16,748 shares of the company's stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $6.18, for a total transaction of $103,502.64. Following the completion of the transaction, the chief technology officer now directly owns 6,225,980 shares of the company's stock, valued at $38,476,556.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CTO Artur Bergman sold 16,748 shares of the firm's stock in a transaction on Friday, August 16th. The shares were sold at an average price of $6.18, for a total value of $103,502.64. Following the completion of the transaction, the chief technology officer now owns 6,225,980 shares of the company's stock, valued at approximately $38,476,556.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Ronald W. Kisling sold 15,933 shares of the business's stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $6.18, for a total transaction of $98,465.94. Following the sale, the chief financial officer now directly owns 570,124 shares in the company, valued at $3,523,366.32. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 143,450 shares of company stock worth $891,093 over the last ninety days. 6.70% of the stock is currently owned by corporate insiders.

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.