News
FSLY
8.75
-0.49%
-0.04
Fastly, Inc. Confronts Business Hurdles: Assessing the Risks to Financial Stability and Market Position
Fastly, Inc. Faces significant business risks that could impact its financial stability and market position. The performance issues of its platform pose a threat to customer retention. Wall Street has a Hold consensus rating on FSLY stock based on 2 Buys, 1 Sell and 8 Holds.
TipRanks · 1d ago
Fastly: Market's Concerns Were Valid
Fastly's 1Q24 results and forward guidance have disappointed the market, leading to a 33% decline in the stock price. The market's skepticism about Fastly's ability to address operational challenges is warranted. Despite Fastly trading at a significant discount, I maintain a "hold" rating for the company.
Seeking Alpha · 1d ago
CDN Vendors Seeing More Pricing Pressure From The Largest Customers, Getting Less Traffic Commits And Growth
CDN Vendors Seeing More Pricing Pressure From The Largest Customers, Getting Less Traffic Commits And Growth. Pressure on CDN pricing is as bad as always, with the largest customers demanding lower pricing, even without offering more traffic or larger commits. Fastly is breaking out revenue into three product lines for the first time.
Seeking Alpha · 1d ago
Why Fastly Stock Crashed Today
Fastly's share price closed down 32% in Thursday's trading. The company's first-quarter revenue came in lower than Wall Street's target. Fastly also lowered its full-year performance targets. The stock is down 93% from its lifetime high in October 2020.
The Motley Fool · 1d ago
Fastly Is Just A CDN: Mixed Q1 Results And A Lower Outlook Send It Tumbling
Fastly's stock is down 50% since November. The CDN company reported mixed Q1 results and weak guidance for Q2 and Q1 2024. Fastly is a high-performance CDN but is competing in a commoditized space. The company is expected to report strong growth in the second quarter and full year of 2024.
Seeking Alpha · 1d ago
XBP, NXTT among major tech gainers; FSLY, BNAI among losers
Tech XBP, NXTT among major tech gainers; FSLY, BNAI among losers. S&P 500 Information Technology Sector +1.53% to 3621.66. Fastly, Netgear, NOVA, BHE among major losers.
Seeking Alpha · 1d ago
Nasdaq Gains Over 200 Points; Dentsply Sirona Shares Fall After Q1 Results
U.S. Stocks traded higher on Thursday, with the Nasdaq Composite surging over 200 points. The Dow traded up 0.87% to 38,234.10 while the NASDAQ rose 1.45%. Information technology shares rose by 1.1% on Thursday; materials shares fell by 0.8%. Aspen Aerogels, Inc. Shares shot up after reporting better-than-expected first-quarter financial results. Asian markets closed mostly higher on Wednesday. Euro zone European shares were mixed today.
Benzinga · 1d ago
Fastly's Near-Term Risks Include Challenges with Top Customers, Analyst Expresses Concern
B of A Securities analyst Tal Liani downgraded Fastly Inc from Buy to Underperform and lowered the price target from $18 to $8. On Wednesday, Fastly reported quarterly sales of $133.52 million. Near-term risks outweigh the longer-term positive catalysts, as per Liani.
Benzinga · 1d ago
Wall Street Lunch: Peloton CEO Steps Down
Wall Street Lunch: Peloton CEO Barry McCarthy steps down as CEO, president, and board director of Peloton. Q1 nonfarm productivity crept up 0.3% Q/Q; Initial jobless claims steady 208k for the week. Novo Nordisk faces weight-loss drug price competition. Second Boeing whistleblower dies; Crowd Sentiment Poll ends third-longest streak of optimism since 1995.
Seeking Alpha · 1d ago
Dow Surges Over 100 Points; ConocoPhillips Earnings Miss Views
The Dow Jones index surged over 100 points on Thursday. U.S. Stocks traded higher midway through trading. Aspen Aerogels, Inc. Shares shot up 46% after reporting better-than-expected first quarter results. ConocoPhillips reported downbeat earnings for first quarter. Asian markets closed mostly higher on Wednesday. Euro zone European shares were mixed today.
Benzinga · 1d ago
12 Information Technology Stocks Moving In Thursday's Intraday Session
CommScope Hldg Co (NASDAQ:COMM) stock moved upwards by 18.6% to $1.03 during Thursday's regular session. Next Technology Holding stock rose 17.13% and Benchmark Electronics stock rose 16.6%. The company's Q1 earnings report came out yesterday.
Benzinga · 1d ago
What's Going On With Fastly Stock After Earnings?
Fastly, Inc. Shares are falling Thursday after the company issued weak second-quarter and fiscal year guidance. Fastly reported better-than-expected quarterly results. The company issued forward-looking guidance below the analysts' estimates. Shares of Fastly have lost 31.1% year to date.
Benzinga · 1d ago
Relative Strength Alert For Fastly
NASDAQ · 1d ago
Fastly Price Target Cut to $9.00/Share From $18.00 by RBC Capital
Dow Jones · 1d ago
Fastly Is Maintained at Sector Perform by RBC Capital
Dow Jones · 1d ago
RBC Capital Maintains Sector Perform on Fastly, Lowers Price Target to $9
Benzinga · 1d ago
Fastly Guidance Raises Questions About 2024 Rebound -- Market Talk
Fastly issued guidance for 2Q and 2024 that was below Wall Street's estimates. The company provides real-time content delivery network services. BofA Securities downgrade Fastly to underperform from buy. Shares of Fastly dive 35% to $8.39.
Dow Jones · 1d ago
Nasdaq Jumps Over 100 Points; Kellanova Posts Upbeat Results
U.S. Stocks traded higher on Thursday, with the Nasdaq Composite up over 100 points. The Dow traded up 0.48% and the NASDAQ rose 0.91%. Information technology shares rose by 1% and materials shares fell by 1%. Allarity Therapeutics, Inc. Shares shot up 95% after reporting better-than-expected first-quarter results. Euro zone European shares were mixed on Thursday.
Benzinga · 1d ago
Why Is Freshworks (FRSH) Stock Down 17% Today?
FRSH stock is down 29% despite a strong Q1 earnings report from Freshworks (NASDAQ:FRSH) Fastly stock, Carvana (NYSE:CVNA) stock and Emergent BioSolutions ( NYSE:EBS) are all down on Thursday. Freshworks CEO Mathrubootham is stepping down to become the executive chairman of the company. Carvana stock is up 36% and Fastly is down 36% today.
Investorplace · 1d ago
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About FSLY
Fastly, Inc. provides a programmable edge cloud platform that helps the world’s brands deliver online experiences possible through edge compute, delivery, security, and observability offerings, improving site performance, and enhancing security at a global scale. The Company enables developers to deliver secure Websites and apps. The edge cloud is a category of Infrastructure as a Service (IaaS) that enables developers to build, secure, and deliver digital experiences at the edge of the Internet. Its network services are designed to speed up and optimize the delivery of Web and application traffic while ensuring developers and engineers do not lose visibility or control. The Company’s professional services include network services, managed security service, and response security service. The Company offers three levels of support plans and available technical support add-ons with dedicated technical specialists and account managers that provide extended security expertise.