An analyst upgrade was the news pushing Fastly's (FSLY 16.39%) stock more than 16% higher as the last trading month of the year kicked off on Monday. That made the content delivery network (CDN) specialist quite the outperformer on the market, as the S&P 500 index only managed a 0.2% gain on the day.A likely beneficiary of a rival's stumblesThe person behind the upgrade was Oppenheimer's Tim Horan, who now believes Fastly is an outperform (read: buy) where previously he rated it merely a perform (hold). Hor ...

Fastly (FSLY) shares have declined 52.4% year to date (YTD), underperforming the broader Zacks Computer & Technology sector’s appreciation of 28.1% and the Zacks Internet Software industry’s return of 32.5%.FSLY shares have also underperformed industry peers like Innovid (CTV) , Toast (TOST) and Fortinet (FTNT) , which have returned 102.6%, 138.4% and 62.4%, respectively, YTD.FSLY shares’ subpar performance can be attributed to challenging macroeconomic uncertainties and revenue declines from some of Fastly ...

After reaching an important support level, Fastly (FSLY) could be a good stock pick from a technical perspective. FSLY surpassed resistance at the 50-day moving average, suggesting a short-term bullish trend.The 50-day simple moving average is one of three major moving averages used by traders and analysts to determine support or resistance levels for a wide range of securities. But the 50-day is considered to be more important because it's the first marker of an up or down trend.FSLY could be on the verge ...

2024 has been a wild ride in the stock market so far, with the S&P 500 holding on to a ~25% gain: but underneath the enthusiasm, it has also been a market of big winners and big losers this year.With combined experience of covering technology companies on Wall Street and working in Silicon Valley, and serving as an outside adviser to several seed-round startups, Gary Alexander has exposure to many of the themes shaping the industry today. He has been a regular contributor on Seeking Alpha since 2017. He has ...

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Fastly. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

Fastly (FSLY) reported $137.21 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 7.3%. EPS of $0.02 for the same period compares to -$0.06 a year ago.The reported revenue represents a surprise of +4.06% over the Zacks Consensus Estimate of $131.85 million. With the consensus EPS estimate being -$0.06, the EPS surprise was +133.33%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to deter ...

Fastly reported record non-GAAP income, exceeding expectations across key financial metrics, and it better diversified its customer base. Edge computing-based cloud platform provider Fastly (FSLY -2.08%) reported third-quarter earnings on Wednesday, Nov. 6, that topped internal guidance. The company delivered improved results, achieving record non-GAAP net income of $2.4 million on revenue of $137.2 million. Non-GAAP net income per share was $0.02, an improvement over management's expected loss of $0.08 to ...

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. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 133.33%. A quarter ago, it was expected that this cloud software developer would post a loss of $0.08 per share when it actually produced a loss of $0.07, delivering a surprise of 12.50%.Over the last four quarters, t ...

fastly Exhibit 99.2 Third Quarter 2024 Investor Supplement (4) (5)(6) Product Innovation and Developments • Enhanced Fastly Next-Gen WAF with new capabilities that reduced the time to activate the product, enriched detection signals, and provided additional context to data with Country and IP Corp/Site lists. • Updated Fastly Bot Management with new bot analysis capability to provide customers with visibility and control of their bot management expenses, while also enabling customers to provide logos for bo ...

Wall Street analysts forecast that Fastly (FSLY) will report quarterly loss of $0.06 per share in its upcoming release, pointing to no change from the year-ago quarter. It is anticipated that revenues will amount to $131.85 million, exhibiting an increase of 3.2% compared to the year-ago quarter.The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projectio ...