Fastly (FSLY) Expected to Announce Quarterly Earnings on Wednesday

Fastly (NYSE:FSLY) is anticipated to issue 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 that are interested in participating in the company’s conference call can do so using this link.

Fastly Stock Up 4.8 %

Shares of Fastly stock opened at $10.60 on Tuesday. Fastly has a 12-month low of $5.52 and a 12-month high of $25.87. The stock has a market capitalization of $1.49 billion, a P/E ratio of -9.73 and a beta of 1.26. 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 stock has a 50 day moving average price of $10.00 and a two-hundred day moving average price of $8.07.

Insider Activity

In related news, CEO Todd Nightingale sold 49,816 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $6.25, for a total value of $311,350.00. Following the sale, the chief executive officer now owns 1,600,973 shares of the company’s stock, valued at $10,006,081.25. The trade was a 3.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Ronald W. Kisling sold 16,102 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $6.25, for a total transaction of $100,637.50. Following the transaction, the chief financial officer now owns 542,462 shares of the company’s stock, valued at approximately $3,390,387.50. This represents a 2.88 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 250,152 shares of company stock worth $2,182,083. Company insiders own 6.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on FSLY. Craig Hallum raised their target price on shares of Fastly from $6.00 to $8.00 and gave the company a “hold” rating in a research note on Thursday, November 7th. Robert W. Baird raised their price target on Fastly from $7.00 to $8.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Oppenheimer upgraded Fastly from a “market perform” rating to an “outperform” rating and set a $12.00 price objective on the stock in a research note on Monday, December 2nd. DA Davidson increased their target price on Fastly from $5.50 to $7.50 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Finally, Citigroup lifted their price target on Fastly from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Friday, January 17th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $8.85.

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.