Fastly (NYSE:FSLY) Updates FY 2025 Earnings Guidance

Fastly (NYSE:FSLY) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided EPS guidance of -0.150–0.090 for the period, compared to the consensus EPS estimate of 0.030. The company issued revenue guidance of $575.0 million-$585.0 million, compared to the consensus revenue estimate of $575.8 million. Fastly also updated its Q1 2025 guidance to -0.090–0.050 EPS.

Wall Street Analysts Forecast Growth

FSLY has been the subject of several analyst reports. Oppenheimer upgraded shares of Fastly from a “market perform” rating to an “outperform” rating and set a $12.00 price target for the company in a report on Monday, December 2nd. Citigroup boosted their target price on shares of Fastly from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Friday, January 17th. DA Davidson increased their price objective on Fastly from $5.50 to $7.50 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Piper Sandler reiterated a “neutral” rating and set a $9.00 price target (down previously from $10.00) on shares of Fastly in a report on Thursday. Finally, Royal Bank of Canada dropped their price target on Fastly from $10.00 to $8.00 and set a “sector perform” rating on the stock in a report on Thursday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $8.55.

Fastly Trading Down 20.9 %

FSLY traded down $2.11 on Thursday, hitting $7.97. The company had a trading volume of 10,199,158 shares, compared to its average volume of 2,892,645. The business’s fifty day simple moving average is $10.03 and its 200 day simple moving average is $8.11. The company has a quick ratio of 3.97, a current ratio of 3.97 and a debt-to-equity ratio of 0.36. Fastly has a 12-month low of $5.52 and a 12-month high of $23.68. The company has a market cap of $1.12 billion, a PE ratio of -7.32 and a beta of 1.26.

Fastly (NYSE:FSLY) last released its earnings results on Wednesday, February 12th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.22). Fastly had a negative net margin of 27.47% and a negative return on equity of 13.24%. Equities research analysts expect that Fastly will post -0.86 EPS for the current year.

Insider Activity

In other news, CEO Todd Nightingale sold 49,816 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $6.25, for a total value of $311,350.00. Following the completion of the sale, the chief executive officer now directly owns 1,600,973 shares in the company, valued at $10,006,081.25. The trade was a 3.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CTO Artur Bergman sold 3,400 shares of the stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $12.01, for a total value of $40,834.00. Following the transaction, the chief technology officer now owns 3,444,136 shares in the company, valued at $41,364,073.36. This trade represents a 0.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 260,152 shares of company stock valued at $2,287,883 over the last ninety days. 6.70% of the stock is currently owned by insiders.

Fastly Company Profile

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.