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. It is a programmable platform designed for web and application delivery. The company offers Compute@Edge; developer hub that includes solution library patterns and recipes, API and language references, change logs, and Fastly Fiddle solutions; device detection and geolocation, edge dictionaries, edge access control lists, and edge authentication services; full site delivery services, such as dynamic site acceleration, origin shield, instant purge, surrogate keys, real-time logging and stats, and cloud optimizer services; and streaming solutions and services, including live streaming, media shield, and origin connect. It also provides edge security solutions, such as DDoS protection, edge web application firewall (WAF), transport layer security (TLS), platform TLS, and compliance services; unified web application and API protection solutions that includes runtime self-application protection, advanced rate limiting, API protection, account takeover protection, bot management, and next generation WAF. In addition, the company offers edge applications, such as load balancers and image optimizers; video on demand; and managed edge delivery services. It serves customers operating in digital publishing, media and entertainment, technology, online retail, travel and hospitality, and financial technology services industries. The company was formerly known as SkyCache, Inc. and changed its name to Fastly, Inc. in May 2012. Fastly, Inc. was founded in 2011 and is headquartered in San Francisco, California.
IPO Year: 2019
Exchange: NYSE
Website: fastly.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/2/2024 | $12.00 | Perform → Outperform | Oppenheimer |
| 10/1/2024 | Strong Buy → Mkt Perform | Raymond James | |
| 8/8/2024 | $10.00 → $6.00 | Overweight → Neutral | Piper Sandler |
| 5/2/2024 | $24.00 → $8.50 | Buy → Neutral | DA Davidson |
| 5/2/2024 | $18.00 → $8.00 | Buy → Underperform | BofA Securities |
| 4/8/2024 | $19.00 → $16.00 | Neutral → Overweight | Piper Sandler |
| 2/15/2024 | $20.00 | Buy → Hold | Craig Hallum |
| 1/22/2024 | $11.00 → $20.00 | Sell → Neutral | Citigroup |
| 1/8/2024 | $12.00 → $18.00 | Underperform → Sector Perform | RBC Capital Mkts |
| 4/20/2023 | $12.00 → $18.00 | Underweight → Equal-Weight | Morgan Stanley |
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Fastly, Inc. (NYSE:FSLY), a leader in global edge cloud platforms, will release financial results for the fourth quarter of 2024 after market close on Wednesday, February 12, 2025. Fastly will host an investor conference call that day to discuss its results at 1:30 p.m. PT / 4:30 p.m. ET. Date: Wednesday, February 12, 2025 Time: 1:30 p.m. PT / 4:30 p.m. ET Webcast: https://investors.fastly.com Dial-in: 888-330-2022 (US/CA) or 646-960-0690 (Intl.) Conf. ID#: 7543239 Please dial in at least 10 minutes prior to the 1:30 p.m. PT start time. A live webcast of the call will be available at https://investors.fastly.com where
Fastly expands support to include OpenAI ChatGPT and Microsoft Azure AI Foundry Fastly Inc. (NYSE:FSLY), a global leader in edge cloud platforms, today announced the general availability of Fastly AI Accelerator. A semantic caching solution created to address the critical performance and cost challenges faced by developers with Large Language Model (LLM) generative AI applications, Fastly AI Accelerator delivers an average of 9x faster response times.1 Initially released in beta with support for OpenAI ChatGPT, Fastly AI Accelerator is also now available with Microsoft Azure AI Foundry. "AI is helping developers create so many new experiences, but too often at the expense of performance
Fastly, Inc. (NYSE:FSLY), a leader in global edge cloud platforms, today announced that on December 2, 2024, it entered into separate, privately negotiated subscription agreements pursuant to which Fastly will issue (the "Issuance") $150.0 million aggregate principal amount of its 7.75% convertible senior notes due 2028 (the "2028 Notes"). Fastly estimates that the gross proceeds from the Issuance will be $150.0 million. Fastly intends to use $150.0 million of the gross proceeds from the Issuance to repurchase approximately $157.9 million aggregate principal amount of its existing 0.00% Convertible Senior Notes due 2026 (the "Existing Convertible Notes"). Additionally, on December 2, 2024,
Organizations are reassessing their cybersecurity budget allocations after taking 7.3 months to recover from incidents in 2024 - over a month longer than expected Fastly, Inc. (NYSE:FSLY), a leader in global edge cloud platforms, has launched its latest annual Global Security Research Report, revealing a rise in the time it takes businesses to recover from cyber incidents. In 2024, businesses reported taking an average of 7.3 months to recover from cybersecurity breaches - 25% longer than expected and over a month past the anticipated timeline of 5.9 months. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241119049088/en/Fastly
Fastly, Inc. (NYSE:FSLY), a leader in global edge cloud platforms, today announced it has been named a Leader in the IDC MarketScape: Worldwide Edge Delivery Services 2024 Vendor Assessment (doc #S51812424, November 2024). This is the second time Fastly has been named a Leader in an IDC MarketScape report1. "Fastly differentiates its offering with a well-rounded portfolio and continuous focus on fast performance and response times," said Ghassan Abdo, IDC Research VP, WW Telecom, Virtualization & CDN. "Its WASM implementation delivers fast caching performance and cold starts." According to the IDC Worldwide Edge Spending Guide2, global spending on edge computing is estimated to reach $2
Reports GAAP loss of $38.0 million and record non-GAAP income of $2.4 million Delivers record adjusted EBITDA of $13.3 million Fastly, Inc. (NYSE:FSLY), a leader in global edge cloud platforms, today announced financial results for its third quarter ended September 30, 2024. "Fastly delivered significant upside on our revenue guidance in Q3 along with record non-GAAP net income and adjusted EBITDA," said Todd Nightingale, CEO of Fastly. "This was driven by better-than-expected strength in some of our largest customers, continued share gains outside of our top ten customers, and faster-than-projected execution of our restructuring." "Our transformation initiatives are helping us focus on
Fastly, Inc. (NYSE:FSLY), a leader in global edge cloud platforms, today announced that management will be participating in fireside chats at the following investor conferences: 2024 RBC Capital Markets Global Technology, Internet, Media and Telecommunications Conference in New York City on November 19th at 10:40 a.m. ET Presenters: Ron Kisling, Chief Financial Officer, and Vernon Essi, Jr., VP Investor Relations UBS Global Technology and AI Conference in Scottsdale, AZ on December 4th at 10:15 a.m. ET Presenters: Todd Nightingale, Chief Executive Officer, and Ron Kisling, Chief Financial Officer Webcasts of these presentations will be available on Fastly's Investor Relations
Built for ease-of-use and scale, Fastly DDoS Protection automatically blocks malicious traffic to keep applications and APIs available and performant Fastly, Inc. (NYSE:FSLY), a leader in global edge cloud platforms, today announced the general availability of Fastly DDoS Protection to provide automatic protection from Layer 7 and other application-level DDoS attacks. With a click of a button, organizations can enable Fastly DDoS Protection to automatically shield their applications and APIs against highly disruptive data and query floods. Fastly's DDoS Protection leverages the powerful, proven techniques behind protecting Fastly's global network from massive DDoS attacks to offer a tailor
Fastly, Inc. (NYSE:FSLY), a leader in global edge cloud platforms, will release financial results for the third quarter of 2024 after market close on Wednesday, November 6, 2024. Fastly will host an investor conference call that day to discuss its results at 1:30 p.m. PT / 4:30 p.m. ET. Date: Wednesday, November 6, 2024 Time: 1:30 p.m. PT / 4:30 p.m. ET Webcast: https://investors.fastly.com Dial-in: 888-330-2022 (US/CA) or 646-960-0690 (Intl.) Conf. ID#: 7543239 Please dial in at least 10 minutes prior to the 1:30 p.m. PT start time. A live webcast of the call will be available at https://investors.fastly.com where listeners may log on to the event
Additional findings show unwanted bots, short-lived IP addresses and out-of-band domains used by adversaries to commit cybercrime and avoid detection Fastly, Inc. (NYSE:FSLY), a leader in global edge cloud platforms, today released the "Fastly Threat Insights Report," which found 91% of cyberattacks – up from 69% in 2023 – targeted multiple customers using mass scanning techniques to uncover and exploit software vulnerabilities, revealing an alarming trend in attacks spreading across a broader target base. This new report provides the latest attack trends and techniques across the web application and API security landscape. The Fastly Threat Insights Report builds on the 2023 "Fastly Ne
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Fastly, Inc. (NYSE:FSLY), a leader in global edge cloud platforms, will release financial results for the fourth quarter of 2024 after market close on Wednesday, February 12, 2025. Fastly will host an investor conference call that day to discuss its results at 1:30 p.m. PT / 4:30 p.m. ET. Date: Wednesday, February 12, 2025 Time: 1:30 p.m. PT / 4:30 p.m. ET Webcast: https://investors.fastly.com Dial-in: 888-330-2022 (US/CA) or 646-960-0690 (Intl.) Conf. ID#: 7543239 Please dial in at least 10 minutes prior to the 1:30 p.m. PT start time. A live webcast of the call will be available at https://investors.fastly.com where
Reports GAAP loss of $38.0 million and record non-GAAP income of $2.4 million Delivers record adjusted EBITDA of $13.3 million Fastly, Inc. (NYSE:FSLY), a leader in global edge cloud platforms, today announced financial results for its third quarter ended September 30, 2024. "Fastly delivered significant upside on our revenue guidance in Q3 along with record non-GAAP net income and adjusted EBITDA," said Todd Nightingale, CEO of Fastly. "This was driven by better-than-expected strength in some of our largest customers, continued share gains outside of our top ten customers, and faster-than-projected execution of our restructuring." "Our transformation initiatives are helping us focus on
Fastly, Inc. (NYSE:FSLY), a leader in global edge cloud platforms, will release financial results for the third quarter of 2024 after market close on Wednesday, November 6, 2024. Fastly will host an investor conference call that day to discuss its results at 1:30 p.m. PT / 4:30 p.m. ET. Date: Wednesday, November 6, 2024 Time: 1:30 p.m. PT / 4:30 p.m. ET Webcast: https://investors.fastly.com Dial-in: 888-330-2022 (US/CA) or 646-960-0690 (Intl.) Conf. ID#: 7543239 Please dial in at least 10 minutes prior to the 1:30 p.m. PT start time. A live webcast of the call will be available at https://investors.fastly.com where listeners may log on to the event
Fastly, Inc. (NYSE:FSLY), a leader in global edge cloud platforms, today announced financial results for its second quarter ended June 30, 2024. "We continued to drive customer acquisition in the second quarter, achieving 4% sequential growth in Enterprise customer count," said Todd Nightingale, CEO of Fastly. "This, along with the acceleration of our go-to-market motions, contributed to revenue growth above the midpoint of our guidance." "However, we are experiencing demand challenges with some of our largest customers, and we are taking measures to align our cost structure accordingly," continued Nightingale. "This change will enable focused investment in edge cloud innovation and co
Fastly, Inc. (NYSE:FSLY), a leader in global edge cloud platforms, will release financial results for the second quarter of 2024 after market close on Wednesday, August 7, 2024. Fastly will host an investor conference call that day to discuss its results at 1:30 p.m. PT / 4:30 p.m. ET. Date: Wednesday, August 7, 2024 Time: 1:30 p.m. PT / 4:30 p.m. ET Webcast: https://investors.fastly.com Dial-in: 888-330-2022 (US/CA) or 646-960-0690 (Intl.) Conf. ID#: 7543239 Please dial in at least 10 minutes prior to the 1:30 p.m. PT start time. A live webcast of the call will be available at https://investors.fastly.com where listen
Company reports positive operating cash flow of $11.1 million Fastly, Inc. (NYSE:FSLY), a leader in global edge cloud platforms, today announced financial results for its first quarter ended March 31, 2024. "I am pleased with the first quarter operating performance, posting non-GAAP operating loss above our guidance and positive cash flow from operations," said Todd Nightingale, CEO of Fastly. "But, we're not satisfied with our revenue growth outlook." "I'm happy with our innovation velocity with the release of our Bot Management Solution, which greatly enhances our security offering, and shows significant progress toward strengthening the Fastly Platform," continued Nightingale. "Our
Fastly, Inc. (NYSE:FSLY), a leader in global edge cloud platforms, will release financial results for the first quarter of 2024 after market close on Wednesday, May 1, 2024. Fastly will host an investor conference call that day to discuss its results at 1:30 p.m. PT / 4:30 p.m. ET. Date: Wednesday, May 1, 2024 Time: 1:30 p.m. PT / 4:30 p.m. ET Webcast: https://investors.fastly.com Dial-in: 888-330-2022 (US/CA) or 646-960-0690 (Intl.) Conf. ID#: 7543239 Please dial in at least 10 minutes prior to the 1:30 p.m. PT start time. A live webcast of the call will be available at https://investors.fastly.com where listener
Company reports record fourth quarter revenue of $137.8 million Fastly, Inc. (NYSE:FSLY), one of the world's fastest edge cloud platforms, today announced financial results for its fourth quarter and full year ended December 31, 2023. "This quarter demonstrated the progress we've made in operational and financial rigor resulting in strong gross margins and non-GAAP net income," said Todd Nightingale, CEO of Fastly. "Our go-to-market, packaging and channel efforts through 2023 delivered an inflection in our customer acquisition as we closed out the year," continued Nightingale. "This positions us well for 2024, driving our mission to make every user experience fast, safe, and engaging.
Fastly, Inc. (NYSE:FSLY), one of the world's fastest global edge cloud platforms, will release financial results for the fourth quarter of 2023 after market close on Wednesday, February 14, 2024. Fastly will host an investor conference call that day to discuss its results at 1:30 p.m. PT / 4:30 p.m. ET. Date: Wednesday, February 14, 2024 Time: 1:30 p.m. PT / 4:30 p.m. ET Webcast: https://investors.fastly.com Dial-in: 888-330-2022 (US/CA) or 646-960-0690 (Intl.) Conf. ID#: 7543239 Please dial in at least 10 minutes prior to the 1:30 p.m. PT start time. A live webcast of the call will be available at https://investo
Company reports record third quarter revenue of $127.8 million Fastly, Inc. (NYSE:FSLY), one of the world's fastest edge cloud platforms, today announced financial results for its third quarter ended September 30, 2023. "I am pleased with the team's progress and we're proud of the operating performance this quarter, posting record revenue and positive adjusted EBITDA," said Todd Nightingale, CEO of Fastly. "The team is rapidly executing on our strategic initiatives in packaging, channel development and platform unification," continued Nightingale. "Our focus on customer acquisition and industry vertical expansion positions us well for 2024, driving our mission to make every user exper
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Oppenheimer upgraded Fastly from Perform to Outperform and set a new price target of $12.00
Raymond James downgraded Fastly from Strong Buy to Mkt Perform
Piper Sandler downgraded Fastly from Overweight to Neutral and set a new price target of $6.00 from $10.00 previously
DA Davidson downgraded Fastly from Buy to Neutral and set a new price target of $8.50 from $24.00 previously
BofA Securities downgraded Fastly from Buy to Underperform and set a new price target of $8.00 from $18.00 previously
Piper Sandler upgraded Fastly from Neutral to Overweight and set a new price target of $16.00 from $19.00 previously
Craig Hallum downgraded Fastly from Buy to Hold and set a new price target of $20.00
Citigroup upgraded Fastly from Sell to Neutral and set a new price target of $20.00 from $11.00 previously
RBC Capital Mkts upgraded Fastly from Underperform to Sector Perform and set a new price target of $18.00 from $12.00 previously
Morgan Stanley upgraded Fastly from Underweight to Equal-Weight and set a new price target of $18.00 from $12.00 previously
Fastly expands support to include OpenAI ChatGPT and Microsoft Azure AI Foundry Fastly Inc. (NYSE:FSLY), a global leader in edge cloud platforms, today announced the general availability of Fastly AI Accelerator. A semantic caching solution created to address the critical performance and cost challenges faced by developers with Large Language Model (LLM) generative AI applications, Fastly AI Accelerator delivers an average of 9x faster response times.1 Initially released in beta with support for OpenAI ChatGPT, Fastly AI Accelerator is also now available with Microsoft Azure AI Foundry. "AI is helping developers create so many new experiences, but too often at the expense of performance
Fastly, Inc. (NYSE:FSLY), the world's fastest global edge cloud platform, today announced that the Board of Directors has appointed Todd Nightingale as the company's next Chief Executive Officer, effective September 1, 2022. Nightingale will also join the Fastly Board of Directors upon assuming the role. He will succeed Joshua Bixby, who, as previously announced, will step down as CEO and from Fastly's Board of Directors. Bixby will remain with Fastly as an advisor. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220803005944/en/Fastly Appoints Todd Nightingale as CEO (Photo: Business Wire) Nightingale's appointment culminates a b
Fastly, Inc. (NYSE:FSLY), the world's fastest global edge cloud network provider, today announced that it has elected to postpone the Investor Day previously scheduled for May 12, 2022. The decision to postpone is the result of the current volatility in the overall markets coupled with the CEO transition announced last week. The postponement is not related to any change in the company's operations or financial results. Fastly will announce a new date for the Investor Day at the appropriate time. About Fastly Fastly is upgrading the internet experience by providing the speed, security, and innovation Enterprises need to deliver increased revenue and engaging experiences. By combining the w
Fastly Board has initiated a search to identify the Company's next CEO Joshua Bixby will step down as CEO after a successor is appointed Fastly, Inc. (NYSE:FSLY), the world's fastest global edge cloud network provider, today announced that the Board of Directors has initiated a search to identify the next CEO to lead the company through its next phase of growth. Once a successor is appointed, current Chief Executive Officer Joshua Bixby will step down as CEO and from the Fastly Board of Directors. "I am incredibly proud of what we've accomplished during my time at Fastly. We've expanded our platform to capture current and future growth and built a world-class leadership team that can co
Fastly, Inc. (NYSE:FSLY), the world's fastest global edge cloud network provider, today announced that it has appointed Vanessa Smith, Senior Vice President, Global Go-to-Market at ServiceNow and Richard Daniels, former Chief Information Officer of Kaiser Permanente, to its board of directors effective November 1, 2021. Kelly Wright and Sunil Dhaliwal have also resigned after many years of service on Fastly's board. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211103006167/en/Vanessa Smith, Senior Vice President, Global Go-to-Market at ServiceNow; new addition to Fastly's board of directors. (Photo: Business Wire) "We're thrill
Fastly, Inc. (NYSE:FSLY), provider of an edge cloud platform, today announced that it has appointed Paula Loop, previously an assurance partner at PwC and the leader of PwC's Governance Insights Center and Charles Meyers, President and Chief Executive Officer of Equinix, to its board of directors effective July 8, 2021. These independent director appointments increase Fastly's Board of Directors to nine members. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210712005819/en/Paula Loop, new appointment to Fastly's Board of Directors. (Photo: Business Wire) "I am thrilled to welcome Paula and Charles to the Fastly Board as we conti
Fastly, Inc. (NYSE:FSLY), provider of a global edge cloud platform, today announced the appointment of Ronald W. "Ron" Kisling as Chief Financial Officer. Kisling will succeed Adriel Lares, who, as announced on May 5, 2021, will officially step down from the CFO position after five years of service. Kisling is expected to join Fastly in August, following a transition period from his current role. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210629006004/en/Fastly Appoints Ron Kisling as CFO (Photo: Business Wire) "Ron's expertise in leading sophisticated finance organizations in high-growth environments will make an immediate,
SAN FRANCISCO--(BUSINESS WIRE)--Fastly, Inc. (NYSE: FSLY), provider of a global edge cloud platform, today announced the appointment of Brett Shirk as Chief Revenue Officer, effective February 22, 2021. Shirk joins Fastly with over 25 years of experience in the cloud and security industry, most recently as Chief Revenue Officer at Rubrik. He will report directly to Fastly CEO Joshua Bixby. In his new role, Shirk will further develop and drive Fastly’s global sales and client services strategy as the company continues its trajectory in the cloud and security space. Shirk will help lead Fastly’s business planning to effectively meet customers’ needs, while continuing to strengthen