Fastly (FSLY) Projected to Post Earnings on Wednesday

Fastly (NYSE:FSLY) will likely be issuing its quarterly earnings data after the market closes on Wednesday, February 12th. Analysts expect the company to announce earnings of $0.01 per share and revenue of $138.63 million for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Fastly (NYSE:FSLY) last issued its earnings results on Wednesday, November 6th. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.08. The firm had revenue of $137.21 million for the quarter, compared to the consensus estimate of $131.86 million. Fastly had a negative net margin of 27.47% and a negative return on equity of 13.24%. The business’s revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.33) earnings per share.

Fastly Price Performance

Shares of FSLY opened at $10.53 on Wednesday. The company has a market capitalization of $1.48 billion, a P/E ratio of -9.66 and a beta of 1.26. Fastly has a twelve month low of $5.52 and a twelve month high of $25.87. The company has a quick ratio of 3.97, a current ratio of 3.97 and a debt-to-equity ratio of 0.36. The firm has a 50 day moving average of $9.82 and a 200 day moving average of $8.00.

Insider Transactions at Fastly

In other news, CTO Artur Bergman sold 3,400 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The stock was 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 of the company’s stock, valued at $41,364,073.36. This trade represents a 0.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Ronald W. Kisling sold 16,102 shares of Fastly stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $6.25, for a total value of $100,637.50. Following the transaction, the chief financial officer now directly owns 542,462 shares in the company, valued at approximately $3,390,387.50. The trade was a 2.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 240,152 shares of company stock worth $2,079,983 in the last 90 days. 6.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

FSLY has been the subject of several recent analyst reports. Robert W. Baird boosted their price target on Fastly from $7.00 to $8.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. DA Davidson raised their price target on shares of Fastly from $5.50 to $7.50 and gave the company a “neutral” rating in a report on Thursday, November 7th. Citigroup boosted their price objective on shares of Fastly from $9.00 to $10.00 and gave the company a “neutral” rating in a report on Friday, January 17th. Oppenheimer raised shares of Fastly from a “market perform” rating to an “outperform” rating and set a $12.00 target price for the company in a research report on Monday, December 2nd. Finally, Piper Sandler increased their price target on Fastly from $8.00 to $10.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Fastly presently has a consensus rating of “Hold” and a consensus target price of $8.85.

About Fastly

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.