Fastly (FSLY) to Release Quarterly Earnings on Wednesday

Fastly (NYSE:FSLY) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of ($0.06) per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

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

Shares of NYSE FSLY opened at $7.35 on Wednesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.13 and a quick ratio of 4.13. The stock has a market capitalization of $1.02 billion, a P/E ratio of -7.35 and a beta of 1.22. Fastly has a 1-year low of $5.52 and a 1-year high of $25.87. The business has a fifty day moving average price of $6.86 and a 200 day moving average price of $7.82.

Insider Activity

In related news, CEO Todd Nightingale sold 66,066 shares of the business’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $6.18, for a total value of $408,287.88. Following the completion of the transaction, the chief executive officer now directly owns 1,662,952 shares in the company, valued at $10,277,043.36. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Todd Nightingale sold 66,066 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $6.18, for a total transaction of $408,287.88. Following the transaction, the chief executive officer now owns 1,662,952 shares in the company, valued at $10,277,043.36. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CTO Artur Bergman sold 19,889 shares of Fastly stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $5.96, for a total transaction of $118,538.44. Following the completion of the sale, the chief technology officer now directly owns 6,205,000 shares in the company, valued at $36,981,800. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 143,450 shares of company stock valued at $891,093. Company insiders own 6.70% of the company’s stock.

Wall Street Analyst Weigh In

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

Fastly 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.