Fastly (FSLY) Scheduled to Post Earnings on Wednesday

Fastly (NYSE:FSLY) is scheduled to be releasing its earnings data after the market closes on Wednesday, May 1st. Analysts expect Fastly to post earnings of ($0.07) per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Fastly (NYSE:FSLY) last issued its quarterly earnings results on Wednesday, February 14th. The company reported ($0.26) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.31) by $0.05. Fastly had a negative return on equity of 16.02% and a negative net margin of 26.30%. The company had revenue of $137.78 million for the quarter, compared to analyst estimates of $139.25 million. On average, analysts expect Fastly to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Fastly Trading Up 4.4 %

Shares of FSLY opened at $12.95 on Monday. Fastly has a 52-week low of $11.61 and a 52-week high of $25.87. The business’s fifty day moving average is $13.34 and its 200-day moving average is $16.32. The company has a debt-to-equity ratio of 0.35, a quick ratio of 3.14 and a current ratio of 3.14. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of -12.45 and a beta of 1.22.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Citigroup reduced their price objective on Fastly from $20.00 to $15.00 and set a “neutral” rating on the stock in a research report on Thursday. Craig Hallum downgraded Fastly from a “buy” rating to a “hold” rating and set a $20.00 target price on the stock. in a report on Thursday, February 15th. Piper Sandler raised Fastly from a “neutral” rating to an “overweight” rating and cut their target price for the stock from $19.00 to $16.00 in a report on Monday, April 8th. Bank of America cut their target price on Fastly from $28.00 to $18.00 and set a “buy” rating on the stock in a report on Thursday, March 28th. Finally, Royal Bank of Canada raised Fastly from an “underperform” rating to a “sector perform” rating and boosted their price objective for the company from $12.00 to $18.00 in a research note on Monday, January 8th. Four analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $18.56.

Insiders Place Their Bets

In other Fastly news, insider Artur Bergman sold 3,327 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $13.93, for a total transaction of $46,345.11. Following the completion of the sale, the insider now directly owns 6,040,043 shares of the company’s stock, valued at approximately $84,137,798.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Ronald W. Kisling sold 12,235 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $16.09, for a total value of $196,861.15. Following the completion of the transaction, the chief financial officer now directly owns 450,449 shares of the company’s stock, valued at $7,247,724.41. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Artur Bergman sold 3,327 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $13.93, for a total value of $46,345.11. Following the completion of the transaction, the insider now directly owns 6,040,043 shares of the company’s stock, valued at $84,137,798.99. The disclosure for this sale can be found here. In the last ninety days, insiders sold 199,201 shares of company stock valued at $3,160,402. Corporate insiders own 7.60% of the company’s stock.

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.