KeyBanc analyst Thomas Blakey reiterated a Hold rating on Fastly (FSLY – Research Report) today. The company’s shares closed yesterday at $14.25.
According to TipRanks, Blakey is an analyst with an average return of -4.6% and a 41.25% success rate. Blakey covers the Technology sector, focusing on stocks such as Nutanix, Cisco Systems, and Globant SA.
Currently, the analyst consensus on Fastly is a Hold with an average price target of $18.70.
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Based on Fastly’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $122.83 million and a GAAP net loss of $10.7 million. In comparison, last year the company earned a revenue of $102.52 million and had a GAAP net loss of $16.44 million
Based on the recent corporate insider activity of 102 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FSLY in relation to earlier this year. Most recently, in August 2023, Christopher Paisley, a Director at FSLY bought 1,000.00 shares for a total of $4,440.00.
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Fastly (FSLY) Company Description:
Fastly, Inc. provides real-time content delivery network services. It offers edge cloud platform, edge software development kit (SDK), content delivery and image optimization, video and streaming, cloud security, load balancing, and managed CDN. The company was founded by Artur Bergman, Simon Wistow, and Gil Penchina in March 2011 and is headquartered in San Francisco, CA.
Read More on FSLY:
- Fastly Inc options imply 13.4% move in share price post-earnings
- Options Volatility and Implied Earnings Moves Today, November 01, 2023
- Fastly (NYSE:FLY) Up as Investors Anticipate Q3 Results
- Options Volatility and Implied Earnings Moves This Week, October 30 – November 03, 2023
- Fastly Chairman Bergman sells 17.5K shares of company stock
