Fastly Inc [FSLY] Revenue clocked in at $487.53 million, up 19.21% YTD: What’s Next?

Fastly Inc [NYSE: FSLY] price surged by 0.14 percent to reach at $0.03. The company report on January 18, 2024 at 5:00 PM that Fastly to Announce Fourth Quarter 2023 Financial Results.

Fastly, Inc. (NYSE: FSLY), one of the world’s fastest global edge cloud platforms, will release financial results for the fourth quarter of 2023 after market close on Wednesday, February 14, 2024. Fastly will host an investor conference call that day to discuss its results at 1:30 p.m. PT / 4:30 p.m. ET.

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The one-year FSLY stock forecast points to a potential downside of 0.0. The average equity rating for FSLY stock is currently 2.31, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on Fastly Inc [FSLY]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FSLY shares is $21.22 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on FSLY stock is a recommendation set at 2.31. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Citigroup have made an estimate for Fastly Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on January 22, 2024.

The Average True Range (ATR) for Fastly Inc is set at 0.92, with the Price to Sales ratio for FSLY stock in the period of the last 12 months amounting to 5.69. The Price to Book ratio for the last quarter was 2.86, with the Price to Cash per share for the same quarter was set at 3.28.

FSLY Stock Performance Analysis:

Fastly Inc [FSLY] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.91. With this latest performance, FSLY shares gained by 14.89% in over the last four-week period, additionally plugging by 15.51% over the last 6 months – not to mention a rise of 101.14% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for FSLY stock in for the last two-week period is set at 69.70, with the RSI for the last a single of trading hit 77.16, and the three-weeks RSI is set at 64.64 for Fastly Inc [FSLY]. The present Moving Average for the last 50 days of trading for this stock 18.20, while it was recorded at 20.84 for the last single week of trading, and 17.42 for the last 200 days.

Insight into Fastly Inc Fundamentals:

Fastly Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.85 and a Current Ratio set at 3.85.

FSLY Stock EPS

With the latest financial reports released by the company, Fastly Inc posted -0.08/share EPS, while the average EPS was predicted by analysts to be reported at -0.13/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 38.50%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for FSLY. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Fastly Inc go to 30.00%.

Fastly Inc [FSLY] Institutonal Ownership Details

The top three institutional holders of FSLY stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in FSLY stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in FSLY stock with ownership which is approximately 5.8325%.