FSLY Stock Recent News

One pundit believes that while the company certainly has potential, it might take more than a few quarters to realize.

LONDON--(BUSINESS WIRE)--Dexory, the leading robotics and data intelligence company, today announced it has successfully closed an $80 million Series B funding round. The round was led by DTCP, with participation from Latitude Ventures, Wave-X and Bootstrap Europe, along with existing investors Atomico, Lakestar, Capnamic and several angels from the logistics industry. As part of this investment, DTCP's Michael Rager joins Dexory's board of directors. The new funding, made up of a mix of equity.

The heavy selling pressure might have exhausted for Fastly (FSLY) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.

Fastly (NASDAQ: FSLY) stock price has become a fallen angel after dropping to a record low. It was trading at $5.67 on Monday, a big drop from its 2020 high of $136.

The heavy selling pressure might have exhausted for Fastly (FSLY) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.

Fastly (NYSE: FSLY ) stock is sliding lower on Thursday after the company released its most recent earnings report. The second quarter of 2024 earnings report starts with an adjusted EPS of -7 cents.

While the top- and bottom-line numbers for Fastly (FSLY) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Fastly's stock dropped sharply after the company lowered guidance for the remainder of 2024. The company attributed this to macro headwinds, with some larger customers looking to cut costs in the face of weaker traffic growth. Growth amongst Fastly's smaller customers is helping to offset this somewhat but there is little for investors to get excited about at the moment.

Fastly stock tumbled on Thursday after the cloud-computing company slashed its end-of-year guidance.

Fastly, Inc. (NYSE:FSLY ) Q2 2024 Earnings Conference Call August 7, 2024 4:30 PM ET Company Participants Vernon Essi - Investor Relations Todd Nightingale - Chief Executive Officer & Director Ronald Kisling - Chief Financial Officer Conference Call Participants Jonathan Ho - William Blair Fatima Boolani - Citi Frank Louthan - Raymond James Sanjit Singh - Morgan Stanley Will Power - Baird Jeff Van Rhee - Craig-Hallum Madeline Brooks - Bank of America Merrill Lynch Rudy Kessinger - D.A. Davidson & Co. Tom Blakey - KeyBanc Capital Markets Operator Thank you for standing by.