Fastly Helps Developers Build A Better Internet With New AI Accelerator

6/13/24 8:38:31 AM ET

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AI Accelerator underscores Fastly's commitment to developers with unique tools that produce fast, secure and compelling experiences at the edge

Fastly, 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.

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Recent Analyst Ratings for
$FSLY

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

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Financials

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Fastly Announces Third Quarter 2024 Financial Results
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
11/6/24 4:05:00 PM ET
$FSLY
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Fastly to Announce Third Quarter 2024 Financial Results
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
10/9/24 8:00:00 AM ET
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Fastly Announces Second Quarter 2024 Financial Results
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
8/7/24 4:02:00 PM ET
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Fastly Appoints Todd Nightingale as CEO
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
8/3/22 4:05:00 PM ET
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Fastly Announces Postponement of Investor Day
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
5/9/22 5:08:00 PM ET
$FSLY
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Fastly Announces Leadership Transition and Succession Plan
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
5/4/22 4:05:00 PM ET
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Long Road to Recovery: Fastly Research Reveals Businesses Taking 25% Longer to Recover From Cybersecurity Incidents Than Expected
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
11/19/24 3:01:00 AM ET
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Fastly Named a Leader in IDC MarketScape for Worldwide Edge Delivery Services 2024
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
11/18/24 4:55:00 PM ET
$FSLY
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Fastly Announces Third Quarter 2024 Financial Results
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
11/6/24 4:05:00 PM ET
$FSLY
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Fastly Helps Developers Build A Better Internet With New AI Accelerator

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$FSLY Financials

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Fastly Announces Third Quarter 2024 Financial Results

Fastly to Announce Third Quarter 2024 Financial Results

Fastly Announces Second Quarter 2024 Financial Results

$FSLY Large Ownership Changes

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Amendment: SEC Form SC 13G/A filed by Fastly Inc.

Amendment: SEC Form SC 13G/A filed by Fastly Inc.

SEC Form SC 13G filed by Fastly Inc.

Chief Technology Officer Bergman Artur sold $243,290 worth of shares (37,728 units at $6.45), decreasing direct ownership by 0.61% to 6,118,094 units (SEC Form 4)

Chief Financial Officer Kisling Ronald W sold $100,638 worth of shares (16,102 units at $6.25), decreasing direct ownership by 3% to 542,462 units (SEC Form 4)

CEO Nightingale Todd sold $311,350 worth of shares (49,816 units at $6.25), decreasing direct ownership by 3% to 1,600,973 units (SEC Form 4)

SEC Form 144 filed by Fastly Inc.

SEC Form SCHEDULE 13G filed by Fastly Inc.

SEC Form 144 filed by Fastly Inc.

Fastly downgraded by Raymond James

Fastly downgraded by Piper Sandler with a new price target

Fastly downgraded by DA Davidson with a new price target

$FSLY Leadership Updates

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Fastly Appoints Todd Nightingale as CEO

Fastly Announces Postponement of Investor Day

Fastly Announces Leadership Transition and Succession Plan

$FSLY Press Releases

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Long Road to Recovery: Fastly Research Reveals Businesses Taking 25% Longer to Recover From Cybersecurity Incidents Than Expected

Fastly Named a Leader in IDC MarketScape for Worldwide Edge Delivery Services 2024

Fastly Announces Third Quarter 2024 Financial Results

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Expert Outlook: Fastly Through The Eyes Of 6 Analysts

Piper Sandler Maintains Overweight on Fastly, Lowers Price Target to $10