Profile
Sector:
TechnologyIndustry:
Software ApplicationCountry:
United StatesIPO:
17 May 2019Website:
http://www.fastly.comNext earnings report:
14 February 2025Last dividends:
N/ANext dividends:
N/APrice
regular market | 6 min agoDividend
Analysts recommendations
Institutional Ownership
FSLY Latest News
Fastly, Inc. (NYSE:FSLY ) RBC Capital Markets Global Technology, Internet, Media and Telecommunications Conference November 19, 2024 10:40 AM ET Company Participants Ron Kisling - CFO Vernon Essi - IR Conference Call Participants Rishi Jaluria - RBC Capital Markets Rishi Jaluria Welcome back everyone. I'm Rishi Jaluria, cover software here at RBC.
SAN FRANCISCO--(BUSINESS WIRE)---- $FSLY #cybersecurity--Fastly, Inc. (NYSE: FSLY), a leader in global edge cloud platforms, has launched its latest annual Global Security Research Report, revealing a rise in the time it takes businesses to recover from cyber incidents. In 2024, businesses reported taking an average of 7.3 months to recover from cybersecurity breaches - 25% longer than expected and over a month past the anticipated timeline of 5.9 months. Recovery times were even worse for companies that planned on cut.
SAN FRANCISCO--(BUSINESS WIRE)---- $FSLY #CDN--Fastly Named a Leader in IDC MarketScape for Worldwide Edge Delivery Services 2024.
Fastly has struggled with poor sales execution, intense competition, and large customer defections, leading to a 60% YTD decline. Downgrading Fastly to a sell rating. Despite new sales leadership and security products, Fastly's growth has decelerated, and Q3 results showed poor customer retention and declining net revenue retention rates. Fastly's low gross margins, net debt position, and ongoing cash burn make it a high-risk investment compared to other software peers.
Is Fastly an Excellent Growth Stock to Buy Right Now?
Following Fastly Inc (NYSE: FSLY)'s mixed Q3 earnings yesterday, Piper Sandler raised its price target from $6 to $8, expressing cautious optimism despite keeping a Neutral rating. Analyst James Fish highlighted strong media traffic growth, particularly in live sports, gaming, and large events, as key factors in the company's revenue beat.
The headline numbers for Fastly (FSLY) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Evaluate the expected performance of Fastly (FSLY) for the quarter ended September 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
SAN FRANCISCO--(BUSINESS WIRE)---- $FSLY #CDN--Fastly Unveils New DDoS Protection Solution to Defend Against Disruptive Application DDoS Attacks.
Fastly (FSLY) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
What type of business is Fastly?
Fastly, Inc. is the creator of a cloud platform that allows third-party developers to create websites and applications, providing security and other digital capabilities on the Internet. The platform enables optimization of images, streaming video, and network load balancing. The company was founded in 2011, headquartered in San Francisco, California. It was previously known as SkyCache, Inc. and changed its name to Fastly, Inc. in May 2012. Fastly, Inc. has created a serverless cloud platform (Developer's Edge), designed from scratch to be programmable and support flexible software development. The platform consists of four key components: programmable platform, software-defined modern network, deep security, and a philosophy of expanding customer rights and capabilities.
What sector is Fastly in?
Fastly is in the Technology sector
What industry is Fastly in?
Fastly is in the Software Application industry
What country is Fastly from?
Fastly is headquartered in United States
When did Fastly go public?
Fastly initial public offering (IPO) was on 17 May 2019
What is Fastly website?
https://www.fastly.com
Is Fastly in the S&P 500?
No, Fastly is not included in the S&P 500 index
Is Fastly in the NASDAQ 100?
No, Fastly is not included in the NASDAQ 100 index
Is Fastly in the Dow Jones?
No, Fastly is not included in the Dow Jones index
When was Fastly the previous earnings report?
No data
When does Fastly earnings report?
The next expected earnings date for Fastly is 14 February 2025