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 ...

Core View - Fastly has been upgraded to a Zacks Rank 1 (Strong Buy), reflecting an upward trend in earnings estimates, which is a powerful force impacting stock prices [1] - The Zacks rating system is useful for individual investors as it tracks earnings estimate revisions, a key factor influencing near-term stock price movements [1][2] - Fastly's upgrade to Zacks Rank 1 positions it in the top 5% of Zacks-covered stocks, indicating superior earnings estimate revisions and potential for market-beating returns [5] Earnings Estimate Revisions - Fastly is expected to earn -$0.14 per share for the fiscal year ending December 2024, representing a year-over-year change of 17.7% [4] - Over the past three months, the Zacks Consensus Estimate for Fastly has increased by 11.6% [4] - Rising earnings estimates and the consequent rating upgrade imply an improvement in Fastly's underlying business [2] Zacks Rank System - The Zacks Rank system uses four factors related to earnings estimates to classify stocks into five groups, with Zacks Rank 1 stocks generating an average annual return of +25% since 1988 [3] - The system maintains an equal proportion of 'buy' and 'sell' ratings, with only the top 5% of Zacks-covered stocks receiving a 'Strong Buy' rating [5] - Fastly's placement in the top 5% of Zacks-covered stocks indicates its superior earnings estimate revision feature [5] Institutional Influence - Institutional investors use earnings and earnings estimates to calculate the fair value of a company's shares, leading to price movements based on their bulk investment actions [2] - An increase or decrease in earnings estimates in valuation models results in higher or lower fair value for a stock, influencing institutional buying or selling [2]

Fastly, Inc. (FSLY, Financial) witnessed a significant stock price increase of 5.01%, bringing the share price to $7.54 with a trading volume of 1.344 million shares and a turnover rate of 0.97%. The stock demonstrated a price fluctuation of 5.26% during this period. Recent financial reports show that Fastly achieved an operating revenue of $132 million and a net loss of $43.73 million, translating to an earnings per share (EPS) of -$0.32. The company's gross profit amounted to $68.40 million, and it holds ...

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 ...