Profile
Sector:
TechnologyIndustry:
Software ApplicationCountry:
United StatesIPO:
17 May 2019Website:
http://www.fastly.comNext earnings report:
06 November 2024Last dividends:
N/ANext dividends:
N/APrice
pre-market | 42 min agoDividend
Analysts recommendations
Institutional Ownership
FSLY Latest News
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.
Fastly, Inc. (FSLY, Financial) witnessed a significant stock price increase of 5.01%, bringing the share price to $7.54 with a trading volume of 1.344 million shares and a turnover rate of 0.97%. The stock demonstrated a price fluctuation of 5.26% during this period.
One pundit believes that while the company certainly has potential, it might take more than a few quarters to realize.
FSLY shares are buoyed by top-line revenue growth expectations, edge cloud innovation and solid go-to-market transformation.
Fastly's stock dropped sharply after the company lowered guidance for the remainder of 2024. The company attributed this to macro headwinds, with some larger customers looking to cut costs in the face of weaker traffic growth. Growth amongst Fastly's smaller customers is helping to offset this somewhat but there is little for investors to get excited about at the moment.
Fastly stock tumbled on Thursday after the cloud-computing company slashed its end-of-year guidance.
Fastly (FSLY) came out with a quarterly loss of $0.07 per share versus the Zacks Consensus Estimate of a loss of $0.08. This compares to loss of $0.04 per share a year ago.
The consensus price target hints at a 59.9% upside potential for Fastly (FSLY). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
LOS ANGELES, CA / ACCESSWIRE / July 23, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Fastly, Inc. ("Fastly" or "the Company") (NYSE:FSLY) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between February 15, 2024 and May 1, 2024, inclusive (the "Class Period"), are encouraged to contact the firm before July 23, 2024.
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 06 November 2024