Fastly downgraded by DA Davidson with a new price target
$FSLY
Computer Software: Prepackaged Software
Technology
DA Davidson downgraded Fastly from Buy to Neutral and set a new price target of $8.50 from $24.00 previously
Save time and jump to the most important pieces.
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 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 - Fastly, Inc. (0001517413) (Issuer)
4 - Fastly, Inc. (0001517413) (Issuer)
4 - Fastly, Inc. (0001517413) (Issuer)
SC 13G/A - Fastly, Inc. (0001517413) (Subject)
SC 13G/A - Fastly, Inc. (0001517413) (Subject)
SC 13G - Fastly, Inc. (0001517413) (Subject)
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
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
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
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
144 - Fastly, Inc. (0001517413) (Subject)
SCHEDULE 13G - Fastly, Inc. (0001517413) (Subject)
144 - Fastly, Inc. (0001517413) (Subject)
Ratings for Fastly (NYSE:FSLY) were provided by 6 analysts in the past three months, showcasing a mix of bullish and bearish perspectives. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 1 4 1 0 Last 30D 0 1 0 0 0 1M Ago 0 0 0 0 0 2M Ago 0 0 0 0 0 3M Ago 0 0 4 1 0 The 12-month price targets, analyzed by analysts, offer insights with an average target of $10.08, a high estimate of $15.00, and a low estimate of $8.00. Experiencing a 42.95% decline, the current average is now lower
Piper Sandler analyst James Fish maintains Fastly (NYSE:FSLY) with a Overweight and lowers the price target from $11 to $10.
AI Accelerator underscores Fastly's commitment to developers with unique tools that produce fast, secure and compelling experiences at the edgeFastly, Inc. (NYSE:FSLY), a leader in global edge cloud platforms, today announced the launch of Fastly AI Accelerator, the company's first AI solution designed to create a better experience for developers by helping improve performance and reduce costs across the use of similar prompts for large language models (LLM) apps.