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NYSE:FSLY

Fastly (FSLY) Stock Price, News & Analysis

Fastly logo
$6.48 -0.23 (-3.43%)
(As of 11/20/2024 ET)

About Fastly Stock (NYSE:FSLY)

Key Stats

Today's Range
$6.45
$6.75
50-Day Range
$6.25
$8.17
52-Week Range
$5.52
$25.87
Volume
1.68 million shs
Average Volume
3.53 million shs
Market Capitalization
$909.14 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$7.94
Consensus Rating
Reduce

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.

Fastly Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
80th Percentile Overall Score

FSLY MarketRank™: 

Fastly scored higher than 80% of companies evaluated by MarketBeat, and ranked 218th out of 648 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Fastly has received a consensus rating of Reduce. The company's average rating score is 1.89, and is based on no buy ratings, 8 hold ratings, and 1 sell rating.

  • Amount of Analyst Coverage

    Fastly has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Fastly's stock forecast and price target.
  • Earnings Growth

    Earnings for Fastly are expected to grow in the coming year, from ($0.86) to ($0.01) per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Fastly is -5.94, 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 -5.94, 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 0.87. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

  • Read more about Fastly's valuation and earnings.
  • Percentage of Shares Shorted

    8.44% 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 4.1.
  • Change versus previous month

    Short interest in Fastly has recently decreased by 4.21%, indicating that investor sentiment is improving.
  • Dividend Yield

    Fastly does not currently pay a dividend.

  • Dividend Growth

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

  • Percentage of Shares Shorted

    8.44% 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 4.1.
  • Change versus previous month

    Short interest in Fastly has recently decreased by 4.21%, indicating that investor sentiment is improving.
  • News Sentiment

    Fastly has a news sentiment score of 0.04. 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 0.58 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 10 news articles for Fastly this week, compared to 9 articles on an average week.
  • Search Interest

    14 people have searched for FSLY on MarketBeat in the last 30 days. This is an increase of 75% 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 -50% compared to the previous 30 days.
  • 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 $1,188,405.00 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.

  • Read more about Fastly's insider trading history.
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FSLY Stock News Headlines

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FSLY Stock Analysis - Frequently Asked Questions

Fastly's stock was trading at $17.80 on January 1st, 2024. Since then, FSLY shares have decreased by 63.6% and is now trading at $6.48.
View the best growth stocks for 2024 here
.

Fastly, Inc. (NYSE:FSLY) released its quarterly earnings data on Wednesday, November, 6th. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.06) by $0.08. The company's quarterly revenue was up 7.3% on a year-over-year basis.

Fastly (FSLY) raised $170 million in an initial public offering (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.

Top institutional shareholders of Fastly include Penserra Capital Management LLC (3.66%), Geode Capital Management LLC (2.15%), Bank of Montreal Can (0.93%) and Charles Schwab Investment Management Inc. (0.76%). 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
.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that Fastly investors own include NVIDIA (NVDA), Meta Platforms (META), Tesla (TSLA), CrowdStrike (CRWD), Advanced Micro Devices (AMD), Block (SQ) and PayPal (PYPL).

Company Calendar

Last Earnings
11/06/2024
Today
11/20/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
2/12/2025

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
Computer Software
Fax
N/A
Employees
1,207
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$7.94
High Stock Price Target
$10.00
Low Stock Price Target
$7.00
Potential Upside/Downside
+22.6%
Consensus Rating
Reduce
Rating Score (0-4)
1.89
Research Coverage
9 Analysts

Profitability

Net Income
$-133,090,000.00
Pretax Margin
-27.28%

Debt

Sales & Book Value

Annual Sales
$505.99 million
Book Value
$7.49 per share

Miscellaneous

Free Float
130,900,000
Market Cap
$909.14 million
Optionable
Optionable
Beta
1.24
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This page (NYSE:FSLY) was last updated on 11/21/2024 by MarketBeat.com Staff
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