FSLY Stock Recent News

Is Fastly an Excellent Growth Stock to Buy Right Now?

Following Fastly Inc (NYSE: FSLY)'s mixed Q3 earnings yesterday, Piper Sandler raised its price target from $6 to $8, expressing cautious optimism despite keeping a Neutral rating. Analyst James Fish highlighted strong media traffic growth, particularly in live sports, gaming, and large events, as key factors in the company's revenue beat.

The headline numbers for Fastly (FSLY) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Fastly reported record non-GAAP income, exceeding expectations across key financial metrics, and it better diversified its customer base.

Fastly, Inc. (FSLY) Q3 2024 Earnings Call Transcript

Fastly (FSLY) came out with quarterly earnings of $0.02 per share, beating the Zacks Consensus Estimate of a loss of $0.06 per share. This compares to loss of $0.06 per share a year ago.

Evaluate the expected performance of Fastly (FSLY) for the quarter ended September 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

SAN FRANCISCO--(BUSINESS WIRE)---- $FSLY #CDN--Fastly Unveils New DDoS Protection Solution to Defend Against Disruptive Application DDoS Attacks.

Fastly (FSLY) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Fastly, Inc. (FSLY, Financial) witnessed a significant stock price increase of 5.01%, bringing the share price to $7.54 with a trading volume of 1.344 million shares and a turnover rate of 0.97%. The stock demonstrated a price fluctuation of 5.26% during this period.