Fastly, Inc. Class A Stock News

SAN FRANCISCO--(BUSINESS WIRE)---- $FSLY #CDN--Fastly Appoints Tara Seracka as Chief Legal Officer and Albert Thong as Chief Marketing Officer.

I'm upgrading Fastly to a neutral rating after the company showcased improving revenue growth trends. Q1 results showcased 8% y/y revenue growth, driven by improved sales processes and up from 2% in Q4. Fastly also raised its outlook for FY25, a rarity in this economy. The stock trades at a cheap ~2x forward revenue multiple.

Among the numerous tech sector winners this earnings season has been edge computing company Fastly (FSLY 26.62%). Buoyed by encouraging quarterly results and subsequent analyst price target bumps, the company's stock was up by a muscular 30% week to date as of early Friday morning, according to data compiled by S&P Global Market Intelligence.

Shares of Fastly (FSLY 23.71%), an edge-computing specialist, rose rapidly today after the company reported first-quarter sales and earnings that outpaced Wall Street's consensus estimates. A handful of analysts raised their price targets for Fastly stock as a result, boosting investor sentiment further.

Fastly, Inc. (NYSE:FSLY ) Q1 2025 Earnings Conference Call May 7, 2025 5:00 PM ET Company Participants Vernon Essi - Investor Relations Todd Nightingale - Chief Executive Officer Ronald Kisling - Chief Financial Officer Conference Call Participants Param Singh - Oppenheimer Jonathan Ho - William Blair Sanjit Singh - Morgan Stanley Rishi Jaluria - RBC Capital Markets James Fish - Piper Sandler R...

SAN FRANCISCO--(BUSINESS WIRE)---- $FSLY #CDN--Fastly Announces First Quarter 2025 Financial Results.

The size of the global cloud computing market is expected to roughly double from 2023 to 2028, reaching nearly $1.3 trillion by the end of that five-year period. Demand for cloud computing continues to surge, and the companies that make this technology possible—data centers, platform operators, and others catering to cloud infrastructure needs—stand to be primary recipients of the increase in s...

The old idiom "blink, and you'll miss it" might be the best descriptor of the historic volatility we've witnessed on Wall Street over the trailing week, as of this writing on April 9.