Fastly (NYSE:FSLY) Posts Earnings Results, Misses Expectations By $0.22 EPS

Fastly (NYSE:FSLY) announced its earnings results on Wednesday. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.22), Zacks reports. Fastly had a negative net margin of 27.47% and a negative return on equity of 13.24%. Fastly updated its Q1 2025 guidance to -0.090–0.050 EPS and its FY 2025 guidance to -0.150–0.090 EPS.

Fastly Price Performance

Shares of FSLY stock traded down $2.53 during trading hours on Thursday, hitting $7.54. The company’s stock had a trading volume of 2,944,750 shares, compared to its average volume of 2,640,190. The business has a fifty day moving average of $10.03 and a 200-day moving average of $8.11. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of -6.95 and a beta of 1.26. Fastly has a twelve month low of $5.52 and a twelve month high of $23.68. The company has a current ratio of 3.97, a quick ratio of 3.97 and a debt-to-equity ratio of 0.36.

Analyst Ratings Changes

Several research analysts recently issued reports on FSLY shares. DA Davidson increased their price target on shares of Fastly from $5.50 to $7.50 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Citigroup increased their price target on shares of Fastly from $9.00 to $10.00 and gave the stock a “neutral” rating in a report on Friday, January 17th. Royal Bank of Canada increased their price target on shares of Fastly from $7.00 to $10.00 and gave the stock a “sector perform” rating in a report on Friday, January 3rd. Piper Sandler increased their target price on shares of Fastly from $8.00 to $10.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. Finally, 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 report on Monday, December 2nd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $8.85.

Insider Activity

In related news, CEO Todd Nightingale sold 49,816 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $6.25, for a total transaction of $311,350.00. Following the sale, the chief executive officer now owns 1,600,973 shares in the company, valued at approximately $10,006,081.25. This trade represents a 3.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Artur Bergman sold 16,922 shares of the firm’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 transaction of $105,762.50. Following the sale, the chief technology officer now owns 6,138,900 shares in the company, valued at approximately $38,368,125. This trade represents a 0.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 260,152 shares of company stock worth $2,287,883 over the last ninety days. 6.70% of the stock is currently owned by insiders.

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.