Fastly (NYSE:FSLY) Updates FY 2026 Earnings Guidance

Fastly (NYSE:FSLY) updated its FY 2026 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 0.500-0.540 for the period. The company issued revenue guidance of $732.0 million-$746.0 million. Fastly also updated its Q3 2026 guidance to 0.110-0.130 EPS.

Wall Street Analyst Weigh In

FSLY has been the topic of a number of analyst reports. Raymond James Financial upgraded shares of Fastly from a “market perform” rating to an “outperform” rating and set a $23.00 target price on the stock in a research report on Friday, May 8th. Piper Sandler dropped their price target on shares of Fastly to $27.00 and set a “neutral” rating for the company in a research report on Thursday, May 7th. Royal Bank Of Canada cut their price target on Fastly to $18.00 and set a “sector perform” rating for the company in a research note on Thursday, May 7th. KeyCorp increased their price target on Fastly from $14.00 to $27.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Finally, Craig Hallum lowered Fastly from a “buy” rating to a “hold” rating and set a $24.00 price objective on the stock. in a research note on Tuesday, April 14th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $23.11.

Fastly Price Performance

Fastly stock traded up $1.08 during trading hours on Wednesday, reaching $26.03. 14,553,262 shares of the stock were exchanged, compared to its average volume of 9,911,275. The company has a market cap of $4.07 billion, a P/E ratio of -27.11 and a beta of 0.34. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16. Fastly has a twelve month low of $6.31 and a twelve month high of $34.82. The stock has a 50 day moving average of $19.23 and a two-hundred day moving average of $19.78.

Insider Activity

In related news, CTO Artur Bergman sold 7,889 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $20.96, for a total transaction of $165,353.44. Following the sale, the chief technology officer owned 2,038,638 shares in the company, valued at approximately $42,729,852.48. This trade represents a 0.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Scott R. Lovett sold 41,716 shares of the stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $17.77, for a total transaction of $741,293.32. Following the sale, the insider owned 1,392,778 shares in the company, valued at $24,749,665.06. This represents a 2.91% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 274,529 shares of company stock worth $4,761,780. Insiders own 4.20% of the company’s stock.

Hedge Funds Weigh In On Fastly

Hedge funds and other institutional investors have recently modified their holdings of the business. Align Financial LLC bought a new stake in shares of Fastly during the 4th quarter worth $41,000. Quarry LP acquired a new position in Fastly during the third quarter worth about $49,000. Geneos Wealth Management Inc. bought a new position in shares of Fastly in the first quarter worth about $52,000. C M Bidwell & Associates Ltd. acquired a new stake in shares of Fastly in the 4th quarter valued at approximately $54,000. Finally, Acadian Asset Management LLC bought a new stake in shares of Fastly during the 1st quarter valued at approximately $78,000. Institutional investors own 79.71% of the company’s stock.

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.