-$0.11 EPS Expected for Fastly, Inc. (NYSE:FSLY) This Quarter


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Analysts expect Fastly, Inc. (NYSE:FSLY) to post ($0.11) earnings per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have made estimates for Fastly’s earnings, with the lowest EPS estimate coming in at ($0.13) and the highest estimate coming in at ($0.10). Fastly posted earnings of ($0.06) per share during the same quarter last year, which suggests a negative year over year growth rate of 83.3%. The business is scheduled to report its next earnings results after the market closes on Wednesday, May 5th.

According to Zacks, analysts expect that Fastly will report full year earnings of ($0.40) per share for the current year, with EPS estimates ranging from ($0.46) to ($0.37). For the next financial year, analysts anticipate that the business will report earnings of ($0.23) per share, with EPS estimates ranging from ($0.34) to ($0.14). Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that follow Fastly.

Fastly (NYSE:FSLY) last posted its quarterly earnings results on Tuesday, February 16th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.17) by $0.08. The business had revenue of $82.65 million for the quarter, compared to analyst estimates of $82.48 million. Fastly had a negative return on equity of 14.37% and a negative net margin of 24.07%.

Several research firms recently issued reports on FSLY. Piper Sandler raised Fastly from an “underweight” rating to a “neutral” rating and set a $65.00 target price on the stock in a research note on Monday, March 15th. Zacks Investment Research upgraded shares of Fastly from a “strong sell” rating to a “hold” rating in a report on Tuesday. Raymond James upped their price objective on shares of Fastly from $85.00 to $95.00 and gave the stock an “outperform” rating in a report on Thursday, February 25th. Finally, Oppenheimer raised shares of Fastly from a “market perform” rating to an “outperform” rating and set a $125.00 target price on the stock in a research note on Thursday, January 21st. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $78.69.

In related news, major shareholder Abdiel Capital Management, Llc acquired 500,000 shares of Fastly stock in a transaction that occurred on Monday, March 8th. The stock was bought at an average price of $65.41 per share, with a total value of $32,705,000.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, General Counsel Paul Luongo sold 2,083 shares of Fastly stock in a transaction on Monday, January 25th. The shares were sold at an average price of $106.43, for a total value of $221,693.69. Following the transaction, the general counsel now owns 255,174 shares of the company’s stock, valued at approximately $27,158,168.82. The disclosure for this sale can be found here. In the last 90 days, insiders sold 301,110 shares of company stock worth $24,315,186. Corporate insiders own 24.33% of the company’s stock.

Large investors have recently modified their holdings of the company. Toth Financial Advisory Corp raised its position in shares of Fastly by 50.0% in the 4th quarter. Toth Financial Advisory Corp now owns 300 shares of the company’s stock worth $26,000 after purchasing an additional 100 shares during the last quarter. Prime Capital Investment Advisors LLC raised its holdings in Fastly by 10.4% in the fourth quarter. Prime Capital Investment Advisors LLC now owns 1,080 shares of the company’s stock worth $94,000 after buying an additional 102 shares during the last quarter. Xponance Inc. lifted its stake in shares of Fastly by 2.0% in the fourth quarter. Xponance Inc. now owns 8,320 shares of the company’s stock worth $727,000 after buying an additional 162 shares in the last quarter. Valeo Financial Advisors LLC grew its holdings in shares of Fastly by 17.3% during the fourth quarter. Valeo Financial Advisors LLC now owns 1,392 shares of the company’s stock valued at $122,000 after buying an additional 205 shares during the last quarter. Finally, Baldwin Brothers Inc. MA increased its position in shares of Fastly by 25.0% during the fourth quarter. Baldwin Brothers Inc. MA now owns 1,250 shares of the company’s stock valued at $109,000 after acquiring an additional 250 shares in the last quarter. Hedge funds and other institutional investors own 54.67% of the company’s stock.

FSLY traded up $1.20 during trading on Thursday, hitting $67.83. 26,263 shares of the stock traded hands, compared to its average volume of 4,623,452. The firm has a market capitalization of $7.07 billion, a P/E ratio of -104.95 and a beta of 1.34. Fastly has a 12-month low of $20.57 and a 12-month high of $136.50. The company has a debt-to-equity ratio of 0.05, a current ratio of 7.97 and a quick ratio of 7.97. The firm has a 50-day moving average of $69.23 and a 200 day moving average of $85.34.

About Fastly

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.

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Earnings History and Estimates for Fastly (NYSE:FSLY)

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