Fastly (FSLY) to Release Quarterly Earnings on Wednesday

Fastly (NYSE:FSLY) will release its earnings data after the market closes on Wednesday, November 6th. Analysts expect Fastly to post earnings of ($0.06) per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Fastly (NYSE:FSLY) last released its quarterly earnings data on Wednesday, August 7th. The company reported ($0.07) EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.01. Fastly had a negative return on equity of 15.22% and a negative net margin of 31.02%. The firm had revenue of $132.37 million for the quarter, compared to analysts’ expectations of $131.62 million. During the same period in the prior year, the firm posted ($0.32) earnings per share. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. 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 0.2 %

FSLY opened at $7.35 on Wednesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 4.13 and a current ratio of 4.13. The business’s 50 day moving average price is $6.86 and its 200 day moving average price is $7.82. Fastly has a one year low of $5.52 and a one year high of $25.87. The stock has a market capitalization of $1.02 billion, a PE ratio of -7.35 and a beta of 1.22.

Insider Transactions at Fastly

In related news, CFO Ronald W. Kisling sold 15,933 shares of the firm’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $6.18, for a total value of $98,465.94. Following the completion of the sale, the chief financial officer now owns 570,124 shares in the company, valued at $3,523,366.32. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CFO Ronald W. Kisling sold 15,933 shares of the firm’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $6.18, for a total value of $98,465.94. Following the completion of the sale, the chief financial officer now owns 570,124 shares in the company, valued at $3,523,366.32. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Ronald W. Kisling sold 7,449 shares of the firm’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $7.24, for a total transaction of $53,930.76. Following the completion of the sale, the chief financial officer now owns 558,564 shares of the company’s stock, valued at approximately $4,044,003.36. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 143,450 shares of company stock worth $891,093. Company insiders own 6.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on FSLY shares. Morgan Stanley decreased their price target on Fastly from $12.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 27th. Craig Hallum dropped their target price on Fastly from $10.00 to $6.00 and set a “hold” rating on the stock in a report on Thursday, August 8th. Piper Sandler downgraded shares of Fastly from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $10.00 to $6.00 in a research note on Thursday, August 8th. Finally, Raymond James downgraded shares of Fastly from a “strong-buy” rating to a “market perform” rating in a research note on Tuesday, October 1st. One research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $7.81.

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.