Content delivery network provider Fastly, Inc. ( FSLY ) reported better-than-expected earnings for its third fiscal quarter in November that beat on both the bottom and the top lines. As a result, due to stronger growth, shares ofAnalyst’s Disclosure:I/we have a beneficial long position in the shares of FSLY either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I ha ...

Core Insights - Fastly, Inc. reported better-than-expected earnings for its third fiscal quarter, surpassing both revenue and earnings estimates due to stronger growth [1] Financial Performance - The company achieved significant growth in its financial metrics, indicating a positive trend in performance [1]

Fastly, Inc. (NASDAQ:FSLY) is a prominent figure in the edge cloud platform industry, offering solutions that significantly improve internet performance and security. The company's decision to transition its stock listing from the New York Stock Exchange to the Nasdaq Global Select Market is a strategic move aimed at aligning with Nasdaq's reputation for hosting innovative companies.Key Insights:- Fastly is transitioning its stock listing to the Nasdaq Global Select Market, expected around December 9, 2025, ...

Question-and-Answer SessionSo maybe we just start out, Rich, give us a couple of highlights from the quarter and a couple of things that you want folks to focus on and then maybe give us some -- you're new in the seat, give us some of your vision of how you're going to approach the job as CFO.Richard WongChief Financial Officer Sure. Our most recent quarter was Q3, which was September 30. We had a really good quarter. We had $158 million of revenue, which was 15% year-over-year growth. That was actually our ...

Fastly (NYSE:FSLY) Conference December 08, 2025 08:40 AM ET Company ParticipantsVernon Essi - VP of Investor RelationsRich Wong - CFOConference Call ParticipantsFrank Louthan - Senior Telecom AnalystFrank LouthanAll right. Good morning. Thanks, everybody, for being here. Thanks, everybody, on the webcast. My name's Frank Louthan. I'm the senior telecom analyst here at Raymond James. We're very pleased to have Fastly, Rich Wrong, and Vernon Essi here from the company. So maybe we just, you know, start out, R ...

Core Viewpoint - Fastly, Inc. has announced the pricing of its offering of $160 million in 0% convertible senior notes due 2030, increasing the offering size from a previously announced $125 million [1] Group 1 - The offering is targeted at qualified institutional buyers under Rule 144A of the Securities Act of 1933 [1]

Group 1 - The timing of the recent field visit was deemed perfect for connecting with the U.S. market, which is critical for understanding consumer behavior [1] - The CEO expressed excitement about the engagement with major retailers like Walmart, Target, and SalonCentric, highlighting the importance of these interactions for the business [1] Group 2 - The CEO has a long history with the L'Oréal Group, having started 32 years ago when the subsidiary was known as Cosmair, indicating deep-rooted experience within the company [2] - The CEO's career path included significant roles in marketing and management across various divisions, showcasing a diverse background in the consumer products sector [2][3] - The transition to Chief Human Resources Officer occurred just before the economic crisis of 2008-2009, which impacted the business landscape during that period [3]

Group 1 - The article does not provide any specific content related to a company or industry [1]

Summary of Fastly's Conference Call Company Overview - **Company**: Fastly - **Industry**: Cybersecurity and Content Delivery Network (CDN) Key Points Management Changes and Leadership - Rich Wong joined Fastly as CFO in August 2023, bringing experience from previous roles in the CDN space [7][9] - Kip, the new CEO, has been instrumental in enhancing product offerings and operational execution [12][13] Product Development and Security Offerings - Fastly expanded its security product suite from one core product in early 2024 to five by 2025, including DDoS and bot mitigation products [12][13] - Security revenues grew by 30% year-on-year, indicating strong demand for their expanded security offerings [28] Market Dynamics and Traffic Growth - The CDN market has seen volatility, with some competitors exiting, leading to a more rational pricing environment [14][16] - Fastly experienced traffic headwinds in 2024 due to customers opting for multi-CDN strategies but has seen a rebound as customers recognize Fastly's superior performance [15][16] Customer Base and Revenue Growth - Top 10 customers now represent 32% of total business, down from nearly 40% 12-18 months ago, with non-top 10 customers growing at a rate of 17% year-on-year [24][25] - Fastly is focusing on cross-selling security products to existing customers, with about half of customers purchasing multiple products [27][28] Financial Performance - Gross margins improved to 62.8%, with a normalized figure of 61.8%, driven by network efficiency and pricing discipline [49][50] - The company anticipates continued gross margin improvement, projecting 61.5% for Q4 [53] Future Outlook - Fastly is optimistic about 2026, focusing on execution and leveraging its expanded product portfolio and management team to drive growth [56][57] - The company is also exploring opportunities in the compute and observability sectors, although these areas are still in early stages [44][45] Additional Insights - Fastly is adopting an open-source approach to content licensing through the Really Simple Licensing (RSL) initiative, contrasting with competitors' closed systems [47][48] - The company is investing in operational excellence and enhancing its go-to-market strategies, particularly in verticals like travel and fintech [35][37] This summary encapsulates the key insights from Fastly's conference call, highlighting the company's strategic direction, product developments, and financial performance.

Core Viewpoint - Halper Sadeh LLC is investigating potential breaches of fiduciary duties by certain officers and directors of Fastly, Inc., which may affect shareholder rights and corporate governance [1][2]. Group 1: Legal Actions and Shareholder Rights - Long-term shareholders of Fastly may seek corporate governance reforms, financial incentives, or other benefits through legal action [2]. - The law firm operates on a contingent fee basis, meaning shareholders would not incur out-of-pocket legal fees [2]. Group 2: Importance of Shareholder Involvement - Shareholder participation is crucial for improving company policies and oversight, which can enhance overall shareholder value [3]. Group 3: Firm's Background and Achievements - Halper Sadeh LLC has represented global investors affected by securities fraud and corporate misconduct, successfully implementing corporate reforms and recovering significant funds for defrauded investors [4].