One pundit believes that while the company certainly has potential, it might take more than a few quarters to realize. Fastly (FSLY -5.15%) has had very little news of its own to impart in recent weeks. On Tuesday, though, its stock made a notable move after an analyst downgraded his recommendation on the company. On the back of that development, investors eagerly traded out of the company, driving it to close more than 5% lower that day. This was a far steeper fall than the S&P 500 index's 0.9% dip. No lon ...

Fastly (FSLY) shares have returned 10.5% over the past month, outperforming the broader Zacks Computer & Technology Sector's decline of 2.6% and the Zacks Internet - Software industry's return of 0.8%. FSLY's positive share price movement has been driven by revenue growth, which increased 8% year over year to $132.4 million in the second quarter of 2024, exceeding its guidance midpoint ($130 million to $134 million). This was driven by 13% growth in Security revenues and 6% growth in Network services revenu ...

A downtrend has been apparent in Fastly (FSLY) lately with too much selling pressure. The stock has declined 5.5% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround. Guide to Identifying Oversold Stocks We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotti ...

Fastly (FSLY) has been beaten down lately with too much selling pressure. While the stock has lost 21.7% over the past four weeks, there is light at the end of the tunnel as it is now in oversold territory and Wall Street analysts expect the company to report better earnings than they predicted earlier. How to Determine if a Stock is Oversold We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator that ...

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. That's slightly better than the -8 cents Wall Street was predicting. However, it's worse than the -4 cents from the same period of the year prior. Fastly also reported revenue of $132.37 million in its Q2 earnings report. That's just barely above the $131.78 million analysts were expecting. It's also up from the ...

II CHIA 083 100 p 198 188 i I P III # # HOBEL 1984 1 000 1 I I I H . Hiroshi Watanabe Fastly's (NYSE:FSLY) Q2 results were in line with expectations, but soft guidance and management commentary suggest that demand to grow is deteriorating, and competition is increasing. Fastly's heavy exposure to a handful of large media companies is exacerbating this issue. Fastly still appears to be having some measure of success outside of its largest customers, but results are still disappointing given the upside that t ...

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 Bla ...

Fastly (FSLY) came out with a quarterly loss of $0.07 per share versus the Zacks Consensus Estimate of a loss of $0.08. This compares to loss of $0.04 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 12.50%. A quarter ago, it was expected that this cloud software developer would post a loss of $0.07 per share when it actually produced a loss of $0.05, delivering a surprise of 28.57%. Over the last four quarters, the company ha ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ____________________________ FORM 10-Q ____________________________ 1 ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38897 ____________________________ FASTLY, INC. (Exact name of registrant as sp ...

Second Quarter 2024 Investor Supplement Product Innovation and Developments • Released beta version of Fastly AI Accelerator, the company's first AI solution to help developers speed up the performance of their ChatGPT-powered apps and reduce the costs of using OpenAI's large language model API. • Redesigned our pricing page to provide clarification around our new self-serve checkout plan (Usage), mix-and-match packages, and our free tier offerings. • Launched free developer accounts alongside Simplified Co ...