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 |
|---|---|---|---|
| 3/20/2025 | Perform | Oppenheimer | |
| 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 |
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Oppenheimer resumed coverage of Fastly with a rating of Perform
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
Record Revenue of $144.5 million above high-end of guidance range Generates positive free cash flow of $8.2 million Fastly, Inc. (NYSE:FSLY), a leader in global edge cloud platforms, today announced financial results for its first quarter ended March 31, 2025. "Fastly outperformed our revenue and operating loss guidance in the first quarter, delivering positive free cash flow," said Todd Nightingale, CEO of Fastly. "We made great progress in our go-to-market transformation, product release velocity, and growing traffic share with our large enterprise customers which all drove upside in our results." "We are raising our financial guidance for 2025 and plan to enrich our current revenue m
Fastly, Inc. (NYSE:FSLY), a leader in global edge cloud platforms, will release financial results for the first quarter of 2025 after market close on Wednesday, May 7, 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, May 7, 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 listeners may log on to the event by se
Company reports record fourth quarter revenue of $140.6 million Fastly, Inc. (NYSE:FSLY), a leader in global edge cloud platforms, today announced financial results for its fourth quarter and full year ended December 31, 2024. "We are pleased to report record fourth quarter revenue, exceeding the high-end of our guidance range," said Todd Nightingale, CEO of Fastly. "Our platform strategy is delivering an accelerated innovation velocity and faster time to value for anyone building web experiences," continued Nightingale. "We enter 2025 with a strengthened balance sheet, a motivated go-to-market team, and intense focus on efficient customer acquisition and long-term revenue growth."
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
Fastly, Inc. (NYSE:FSLY), a leader in global edge cloud platforms, today announced the appointments of Albert Thong as Chief Marketing Officer and Tara Seracka as Chief Legal Officer. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250515486782/en/Fastly appoints Albert Thong as Chief Marketing Officer. "I am excited to welcome Tara to Fastly as our new Chief Legal Officer and appoint Albert as our Chief Marketing Officer," said Todd Nightingale, CEO of Fastly. "Tara is a strategic legal partner with expertise scaling operationally effective organizations, enabling product innovation, and delivering on a seamless revenue motion. A
Record Revenue of $144.5 million above high-end of guidance range Generates positive free cash flow of $8.2 million Fastly, Inc. (NYSE:FSLY), a leader in global edge cloud platforms, today announced financial results for its first quarter ended March 31, 2025. "Fastly outperformed our revenue and operating loss guidance in the first quarter, delivering positive free cash flow," said Todd Nightingale, CEO of Fastly. "We made great progress in our go-to-market transformation, product release velocity, and growing traffic share with our large enterprise customers which all drove upside in our results." "We are raising our financial guidance for 2025 and plan to enrich our current revenue m
Fastly, Inc. (NYSE:FSLY), a leader in global edge cloud platforms, will release financial results for the first quarter of 2025 after market close on Wednesday, May 7, 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, May 7, 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 listeners may log on to the event by se
Study shows Fastly provides enhanced security, improved user experiences, and significant cost savings Fastly, Inc. (NYSE:FSLY), a leading global edge cloud platform, announced today the findings of a commissioned Total Economic Impact™ (TEI) study conducted by Forrester Consulting on behalf of Fastly. It found that a composite organization representative of interviewed customers with experience using Fastly Application Security Solutions experienced benefits of $6.04 million over three years – a return on investment of 235%. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250410309307/en/ The Forrester study revealed that the co
New capabilities provide deeper visibility into attack mitigation, helping organizations validate the efficacy of their automated DDoS protection Fastly, Inc. (NYSE:FSLY), a leader in global edge cloud platforms, has announced key updates to Fastly DDoS Protection that deliver unprecedented visibility into attack mitigation. Fastly DDoS Protection can mitigate attacks in seconds. Now with Fastly DDoS Protection's Attack Insights, security teams gain real-time insights into DDoS events, empowering them to validate mitigation actions and confidently protect applications and APIs from DDoS attacks. DDoS, or Distributed Denial of Service attacks, can quickly disrupt services with distributed
Latest Fastly Bot Management update reduces CAPTCHA reliance, enhances bot detection, and highlights compromised credentials Fastly, Inc. (NYSE:FSLY), a leader in global edge cloud platforms, today announced a new update to Fastly Bot Management, delivering three key features that help organizations defend against scraping, account takeovers, and spam. For too long, websites have relied on frustrating CAPTCHAs to combat these threats, leading to poor user experiences and lost conversions. Fastly's update gives organizations the chance to break free from the CAPTCHA cycle while helping to prevent fraud, protect customer accounts, and allow legitimate users to complete logins and checkouts w
Increasing CISO involvement in strategic decisions at the board level and improving legal support for cybersecurity staff among the corporate policy changes Following a year that thrust Chief Information Security Officer (CISO) accountability into the spotlight, research from Fastly, Inc. (NYSE:FSLY), a leading global edge cloud platform provider, reveals that 93% of organizations made policy changes over the preceding 12 months to address concerns about increased personal liability for CISOs. This includes two in five organizations (41%) increasing CISO participation in strategic decisions at the board level. This press release features multimedia. View the full release here: https://ww
Fastly, Inc. (NYSE:FSLY), a leader in global edge cloud platforms, today announced that Ron Kisling, CFO, will be participating in a fireside chat at the Morgan Stanley Technology, Media & Telecom Conference in San Francisco on March 4, 2025 at 4:50 p.m. PT. A webcast of this presentation will be available on Fastly's Investor Relations website at https://investors.fastly.com. About Fastly, Inc. Fastly's powerful and programmable edge cloud platform helps the world's top brands deliver online experiences that are fast, safe, and engaging through edge compute, delivery, security, and observability offerings that improve site performance, enhance security, and empower innovation at global s
Company reports record fourth quarter revenue of $140.6 million Fastly, Inc. (NYSE:FSLY), a leader in global edge cloud platforms, today announced financial results for its fourth quarter and full year ended December 31, 2024. "We are pleased to report record fourth quarter revenue, exceeding the high-end of our guidance range," said Todd Nightingale, CEO of Fastly. "Our platform strategy is delivering an accelerated innovation velocity and faster time to value for anyone building web experiences," continued Nightingale. "We enter 2025 with a strengthened balance sheet, a motivated go-to-market team, and intense focus on efficient customer acquisition and long-term revenue growth."
Despite widespread security adoption, organizations struggle to keep pace with rapid API expansion, multi-cloud challenges, and increasingly sophisticated cyberattacks, highlighting the pressing need for consolidated and automated defense solutions. Fastly, Inc. (NYSE:FSLY), a leader in global edge cloud platforms, in partnership with Informa TechTarget's Enterprise Strategy Group (ESG), released a new study today revealing significant challenges for cybersecurity professionals as they combat the rapidly evolving application security landscape. The report, "Balancing Requirements for Application Protection," based on insights from 383 cybersecurity and IT professionals in North America, u
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Fastly, Inc. (NYSE:FSLY), a leader in global edge cloud platforms, today announced the appointments of Albert Thong as Chief Marketing Officer and Tara Seracka as Chief Legal Officer. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250515486782/en/Fastly appoints Albert Thong as Chief Marketing Officer. "I am excited to welcome Tara to Fastly as our new Chief Legal Officer and appoint Albert as our Chief Marketing Officer," said Todd Nightingale, CEO of Fastly. "Tara is a strategic legal partner with expertise scaling operationally effective organizations, enabling product innovation, and delivering on a seamless revenue motion. A
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