Stocks of Fastly Inc (NYSE:FSLY) traded higher last session on Wall Street, down -0.79% to $13.86.
FSLY stock price is now -12.55% away from the 50-day moving average and -20.98% away from the 200-day moving average. The market capitalization of the company currently stands at $1.86B.
With the price target reduced from $19 to $16, Piper Sandler Upgraded its rating from Neutral to Overweight for Fastly Inc (NYSE: FSLY). On February 15, 2024, Craig Hallum Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock keeping its target price maintained at $20, while ‘Citigroup’ rates the stock as ‘Neutral’
In other news, KISLING RONALD W, Chief Financial Officer sold 12,000 shares of the company’s stock on Apr 01 ’24. The stock was sold for $155,040 at an average price of $12.92. Upon completion of the transaction, the Chief Financial Officer now directly owns 640,222 shares in the company, valued at $8.87 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 15 ’24, Director Daniels Richard Devon sold 7,766 shares of the business’s stock. A total of $98,318 was realized by selling the stock at an average price of $12.66. This leaves the insider owning 34,328 shares of the company worth $0.48 million. A total of 8.61% of the company’s stock is owned by insiders.
During the past 12 months, Fastly Inc has had a low of $11.61 and a high of $25.87. As of last week, the company has a debt-to-equity ratio of 0.44, a current ratio of 3.14, and a quick ratio of 3.14. The fifty day moving average price for FSLY is $15.70 and a two-hundred day moving average price translates $17.53 for the stock.
The latest earnings results from Fastly Inc (NYSE: FSLY) was released for Dec, 2023. According to the Software – Application Company, earnings per share came in at $0.01, beating analysts’ expectations of -$0.02 by 0.03. This compares to -$0.38 EPS in the same period last year. The net profit margin was -26.30% and return on equity was -13.76% for FSLY. The company reported revenue of $137.78 million for the quarter, compared to $119.32 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 15.47 percent. For the current quarter, analysts expect FSLY to generate $133.11M in revenue.
Fastly Inc(FSLY) 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. 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.
