Fastly (NYSE:FSLY) Issues Q3 2026 Earnings Guidance

Fastly (NYSE:FSLY) issued an update on its third quarter 2026 earnings guidance on Wednesday morning. The company provided EPS guidance of 0.110-0.130 for the period, compared to the consensus earnings per share estimate of 0.010. The company issued revenue guidance of $184.0 million-$190.0 million, compared to the consensus revenue estimate of $180.1 million. Fastly also updated its FY 2026 guidance to 0.500-0.540 EPS.

Fastly Stock Up 1.2%

Shares of NYSE:FSLY traded up $0.28 during midday trading on Friday, reaching $22.96. 7,206,348 shares of the company were exchanged, compared to its average volume of 9,904,724. The firm has a market cap of $3.59 billion, a PE ratio of -23.92 and a beta of 0.34. Fastly has a fifty-two week low of $6.70 and a fifty-two week high of $34.82. The stock has a fifty day simple moving average of $19.53 and a two-hundred day simple moving average of $19.99. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.16.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FSLY. Raymond James Financial reaffirmed an “outperform” rating and set a $29.00 price objective on shares of Fastly in a research report on Thursday. Craig Hallum lowered shares of Fastly from a “buy” rating to a “hold” rating and set a $24.00 price objective on the stock. in a research report on Tuesday, April 14th. Evercore restated an “outperform” rating on shares of Fastly in a report on Thursday. Freedom Capital upgraded Fastly to a “strong-buy” rating in a report on Thursday, July 16th. Finally, Citigroup raised their price target on Fastly from $13.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $25.33.

Insider Activity at Fastly

In other Fastly news, CEO Charles Lacey Compton III sold 34,334 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $16.85, for a total transaction of $578,527.90. Following the transaction, the chief executive officer owned 1,099,561 shares in the company, valued at $18,527,602.85. This represents a 3.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Artur Bergman sold 32,181 shares of the stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $16.85, for a total value of $542,249.85. Following the sale, the chief technology officer directly owned 2,086,529 shares in the company, valued at $35,158,013.65. This represents a 1.52% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 289,397 shares of company stock worth $5,133,480. Corporate insiders own 4.20% of the company’s stock.

Trending Headlines about Fastly

Here are the key news stories impacting Fastly this week:

• Positive Sentiment: Fastly reported record Q2 revenue of $183.3 million, up approximately 23% year over year. Non-GAAP earnings reached $0.15 per share versus the $0.07 consensus estimate, while security revenue surged 43% on demand for AI-related traffic protection. Gross margin also reached a record 65.8%. Fastly Q2 Earnings Beat as Security Growth Spurs 2026 Outlook Hike
• Positive Sentiment: Management raised its 2026 outlook, including adjusted EPS guidance of $0.50 to $0.54. Third-quarter revenue guidance of $184 million to $190 million and adjusted EPS guidance of $0.11 to $0.13 also exceeded analyst expectations. Fastly Announces Second Quarter 2026 Financial Results
• Positive Sentiment: KeyBanc raised its price target to $30 with an overweight rating, and RBC lifted its target to $28 while maintaining a sector-perform rating. The revisions reinforce the bullish view on Fastly’s security and AI growth.
• Neutral Sentiment: Customer concentration remains a risk because reliance on a limited number of large customers could make revenue growth less predictable, even as security demand expands.
• Negative Sentiment: Investors may consider Fastly’s valuation demanding after its sharp one-year gain, leaving less room for disappointment despite the earnings beat and improved guidance. Fastly Stock Looks Overvalued Despite a Strong Return
• Negative Sentiment: CEO Charles Lacey Compton III sold 14,868 shares worth approximately $371,700. The sale was made under a pre-arranged Rule 10b5-1 plan and reduced his direct ownership by about 1.42%, limiting its significance but potentially adding short-term selling pressure. Fastly CEO Stock Sale

Institutional Trading of Fastly

Hedge funds and other institutional investors have recently made changes to their positions in the company. Kestra Advisory Services LLC boosted its position in shares of Fastly by 8.4% during the fourth quarter. Kestra Advisory Services LLC now owns 11,970 shares of the company’s stock valued at $122,000 after buying an additional 930 shares during the last quarter. Parallax Volatility Advisers L.P. grew its holdings in Fastly by 13.8% during the third quarter. Parallax Volatility Advisers L.P. now owns 12,095 shares of the company’s stock valued at $103,000 after purchasing an additional 1,465 shares during the period. Tower Research Capital LLC TRC increased its position in Fastly by 64.4% in the second quarter. Tower Research Capital LLC TRC now owns 14,475 shares of the company’s stock worth $102,000 after buying an additional 5,670 shares during the last quarter. Oxford Asset Management LLP purchased a new position in shares of Fastly during the 2nd quarter valued at $83,000. Finally, Qube Research & Technologies Ltd bought a new stake in Fastly in the 2nd quarter valued at about $116,000. 79.71% of the stock is currently owned by institutional investors.

Fastly Company Profile

Fastly, Inc operates an edge cloud platform designed to accelerate, secure and enable modern digital experiences. The company offers a suite of services including a content delivery network (CDN), edge compute, load balancing, web application firewall (WAF) and DDoS protection. Fastly’s real-time architecture allows customers to seamlessly deploy software logic at the network edge, reducing latency by bringing applications and content closer to end users.

Founded in 2011 by Artur Bergman, Fastly has evolved from a pure-play CDN provider into a comprehensive edge cloud platform.