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Fastly (FSLY)

Market Price (5/22/2026): $16.5 | Market Cap: $2.5 Bil
Sector: Information Technology | Industry: Technology Hardware, Storage & Peripherals

Fastly (FSLY)

Market Price (5/22/2026): $16.5
Market Cap: $2.5 Bil
Sector: Information Technology
Industry: Technology Hardware, Storage & Peripherals

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 16%

Megatrend and thematic drivers
Megatrends include Digital Content & Streaming, Cybersecurity, and Artificial Intelligence. Themes include Video Streaming, Show more.

Weak multi-year price returns
3Y Excs Rtn is -54%

Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 12%

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -104 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -16%

Stock price has recently run up significantly
12M Rtn12 month market price return is 125%

Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 19%

Valuation getting more expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 57%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -8.2%

High stock price volatility
Vol 12M is 117%

Key risks
FSLY key risks include [1] its history of significant operating losses and an uncertain path to profitability, Show more.

0 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 16%
1 Megatrend and thematic drivers
Megatrends include Digital Content & Streaming, Cybersecurity, and Artificial Intelligence. Themes include Video Streaming, Show more.
2 Weak multi-year price returns
3Y Excs Rtn is -54%
3 Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 12%
4 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -104 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -16%
5 Stock price has recently run up significantly
12M Rtn12 month market price return is 125%
6 Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 19%
7 Valuation getting more expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 57%
8 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -8.2%
9 High stock price volatility
Vol 12M is 117%
10 Key risks
FSLY key risks include [1] its history of significant operating losses and an uncertain path to profitability, Show more.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Fastly (FSLY) stock has gained about 75% since 1/31/2026 because of the following key factors:

1. Strong Q4 2025 Earnings Beat and Optimistic 2026 Guidance.

Fastly reported better-than-expected fourth-quarter 2025 results on February 11, 2026, with an adjusted profit of $0.12 per share, significantly surpassing the prior year's $0.02 loss. Revenue reached $172.61 million, exceeding analyst predictions of $161.36 million. The company also provided robust full-year 2026 guidance, projecting revenue between $700 million and $720 million and an earnings per share (EPS) range of $0.23 to $0.29, which fueled significant investor confidence and a subsequent surge in the stock price.

2. Record Q1 2026 Financial Results and Further Elevated Full-Year Guidance.

On May 6, 2026, Fastly announced record-breaking first-quarter 2026 financial results, with total revenue increasing 20% year-over-year to $173 million. Critically, security revenue grew by an impressive 47% year-over-year, and Remaining Performance Obligations (RPO) expanded by 63% year-over-year to $369 million. Following this strong performance, Fastly raised its full-year 2026 revenue guidance to a range of $710 million to $725 million and increased its projected EPS to $0.27-$0.33, further enhancing market sentiment.

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Stock Movement Drivers

Fundamental Drivers

The 77.3% change in FSLY stock from 1/31/2026 to 5/21/2026 was primarily driven by a 66.8% change in the company's P/S Multiple.
(LTM values as of)13120265212026Change
Stock Price ($)9.2516.4077.3%
Change Contribution By: 
Total Revenues ($ Mil)59265310.2%
P/S Multiple2.33.966.8%
Shares Outstanding (Mil)148154-3.5%
Cumulative Contribution77.3%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2026 to 5/21/2026
ReturnCorrelation
FSLY77.3% 
Market (SPY)7.6%1.6%
Sector (XLK)24.3%6.6%

Fundamental Drivers

The 97.8% change in FSLY stock from 10/31/2025 to 5/21/2026 was primarily driven by a 82.4% change in the company's P/S Multiple.
(LTM values as of)103120255212026Change
Stock Price ($)8.2916.4097.8%
Change Contribution By: 
Total Revenues ($ Mil)57165314.3%
P/S Multiple2.13.982.4%
Shares Outstanding (Mil)146154-5.1%
Cumulative Contribution97.8%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 5/21/2026
ReturnCorrelation
FSLY97.8% 
Market (SPY)9.5%3.2%
Sector (XLK)19.1%7.1%

Fundamental Drivers

The 185.2% change in FSLY stock from 4/30/2025 to 5/21/2026 was primarily driven by a 158.6% change in the company's P/S Multiple.
(LTM values as of)43020255212026Change
Stock Price ($)5.7516.40185.2%
Change Contribution By: 
Total Revenues ($ Mil)54465320.0%
P/S Multiple1.53.9158.6%
Shares Outstanding (Mil)141154-8.1%
Cumulative Contribution185.2%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2025 to 5/21/2026
ReturnCorrelation
FSLY185.2% 
Market (SPY)35.5%11.8%
Sector (XLK)71.1%13.3%

Fundamental Drivers

The 11.0% change in FSLY stock from 4/30/2023 to 5/21/2026 was primarily driven by a 50.8% change in the company's Total Revenues ($ Mil).
(LTM values as of)43020235212026Change
Stock Price ($)14.7816.4011.0%
Change Contribution By: 
Total Revenues ($ Mil)43365350.8%
P/S Multiple4.23.9-8.6%
Shares Outstanding (Mil)124154-19.5%
Cumulative Contribution11.0%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2023 to 5/21/2026
ReturnCorrelation
FSLY11.0% 
Market (SPY)85.6%27.3%
Sector (XLK)141.8%26.0%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
FSLY Return-59%-77%117%-47%8%68%-80%
Peers Return50%-48%61%14%33%25%138%
S&P 500 Return27%-19%24%23%16%9%98%

Monthly Win Rates [3]
FSLY Win Rate25%8%67%42%42%40% 
Peers Win Rate67%32%65%58%60%56% 
S&P 500 Win Rate75%42%67%75%67%60% 

Max Drawdowns [4]
FSLY Max Drawdown-70%-80%-41%-77%-54%-51% 
Peers Max Drawdown-24%-52%-28%-29%-35%-26% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 

[1] Cumulative total returns since the beginning of 2021
[2] Peers: NET, AKAM, ZS, FFIV, GOOGL. See FSLY Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/21/2026 (YTD)

How Low Can It Go

EventFSLYS&P 500
2025 US Tariff Shock
  % Loss-36.5%-18.8%
  % Gain to Breakeven57.6%23.1%
  Time to Breakeven34 days79 days
2024 Yen Carry Trade Unwind
  % Loss-20.5%-7.8%
  % Gain to Breakeven25.7%8.5%
  Time to Breakeven39 days18 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-18.4%-9.5%
  % Gain to Breakeven22.5%10.5%
  Time to Breakeven7 days24 days
2020 COVID-19 Crash
  % Loss-54.0%-33.7%
  % Gain to Breakeven117.4%50.9%
  Time to Breakeven52 days140 days

Compare to NET, AKAM, ZS, FFIV, GOOGL

In The Past

Fastly's stock fell -36.5% during the 2025 US Tariff Shock. Such a loss loss requires a 57.6% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventFSLYS&P 500
2025 US Tariff Shock
  % Loss-36.5%-18.8%
  % Gain to Breakeven57.6%23.1%
  Time to Breakeven34 days79 days
2024 Yen Carry Trade Unwind
  % Loss-20.5%-7.8%
  % Gain to Breakeven25.7%8.5%
  Time to Breakeven39 days18 days
2020 COVID-19 Crash
  % Loss-54.0%-33.7%
  % Gain to Breakeven117.4%50.9%
  Time to Breakeven52 days140 days

Compare to NET, AKAM, ZS, FFIV, GOOGL

In The Past

Fastly's stock fell -36.5% during the 2025 US Tariff Shock. Such a loss loss requires a 57.6% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Fastly (FSLY)

Fastly, Inc. operates an edge cloud platform for processing, serving, and securing its customer's applications in the United States, the Asia Pacific, Europe, and internationally. The edge cloud is a category of Infrastructure as a Service that enables developers to build, secure, and deliver digital experiences at the edge of the internet. It is a programmable platform designed for web and application delivery. The company offers Compute@Edge; developer hub that includes solution library patterns and recipes, API and language references, change logs, and Fastly Fiddle solutions; device detection and geolocation, edge dictionaries, edge access control lists, and edge authentication services; full site delivery services, such as dynamic site acceleration, origin shield, instant purge, surrogate keys, real-time logging and stats, cloud optimizer, programmatic control, edge databases, content compression, reliability, and modern protocols and performance services; and streaming solutions and services, including live streaming, media shield, and origin connect. It also provides edge security solutions, such as DDoS protection and cloud, edge web application firewall (WAF), transport layer security (TLS), platform TLS, and compliance services; unified web application and API protection solutions that includes runtime self-application protection, advanced rate limiting, API and ATO protection, account takeover protection, bot protection, and next generation WAF. In addition, the company offers edge applications, such as load balancers and image optimizers; video on demand; and managed edge delivery services. It serves customers operating in digital publishing, media and entertainment, technology, online retail, travel and hospitality, and financial services industries. The company was formerly known as SkyCache, Inc. and changed its name to Fastly, Inc. in May 2012. Fastly, Inc. was incorporated in 2011 and is headquartered in San Francisco, California.

AI Analysis | Feedback

Here are a few brief analogies to describe Fastly:

  • It's like **Cloudflare**, but with a strong emphasis on empowering developers to build custom applications right at the edge of the internet.
  • Think of it as **Akamai** for the modern internet, specializing in content delivery, security, and programmable edge computing for developers.

AI Analysis | Feedback

```html
  • Edge Cloud Platform: A programmable Infrastructure as a Service (IaaS) platform enabling developers to build, secure, and deliver digital experiences at the edge of the internet.
  • Compute@Edge: A serverless compute environment allowing developers to run custom code and logic closer to end-users on Fastly's edge network.
  • Full Site Delivery Services: Comprehensive services designed to accelerate and optimize website and application content delivery globally, including dynamic site acceleration, origin shielding, and instant content purging.
  • Streaming Solutions: Services optimized for delivering live streaming and video-on-demand content efficiently and reliably to global audiences.
  • Edge Security Solutions: A suite of services providing protection against cyber threats, including DDoS protection, Edge Web Application Firewall (WAF), and Transport Layer Security (TLS).
  • Unified Web Application & API Protection (WAF & API Protection): Advanced security solutions offering runtime self-application protection, bot mitigation, API and account takeover protection, and a next-generation WAF.
  • Edge Applications (Load Balancers & Image Optimizers): Application-level services like load balancing for traffic distribution and image optimization for faster content loading.
  • Developer Hub: A resource center providing tools, documentation, solution patterns, and APIs for developers building on the Fastly platform.
  • Edge Intelligence & Control Services: Features such as device detection, geolocation, edge dictionaries, and access control lists that empower granular control and customization at the network edge.
```

AI Analysis | Feedback

Fastly primarily sells its services to other companies. Its major customers include businesses operating in digital publishing, media and entertainment, technology, online retail, travel and hospitality, and financial services industries. Some of Fastly's major known customers are:
  • The New York Times (symbol: NYT)
  • Pinterest (symbol: PINS)
  • Reddit (symbol: RDDT)
  • Vimeo (symbol: VMEO)
  • Wayfair (symbol: W)

AI Analysis | Feedback

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AI Analysis | Feedback

Kip Compton, Chief Executive Officer

Kip Compton joined Fastly in January 2024 as Chief Product Officer and has served as Chief Executive Officer since June 2025. Prior to joining Fastly, Mr. Compton served as the Senior Vice President of Strategy & Business Development of the Cisco Networking business from 2020 to August 2023. He has over 25 years of senior leadership experience driving innovation in cloud, video, Internet of Things (IoT), and networking.

Richard Wong, Chief Financial Officer

Richard Wong has served as Fastly's Chief Financial Officer since August 2025. Previously, Mr. Wong served as Chief Financial Officer of Benchling from November 2020 to May 2024, and as Chief Financial Officer of Houzz Inc. from May 2018 to November 2020. He held senior finance roles at LinkedIn and Yahoo!, and began his career as an investment banker at JPMorgan and Banc of America Securities.

Artur Bergman, Chief Technology Officer and Director

Artur Bergman has served as Fastly's Chief Technology Officer since April 2024. He founded Fastly in March 2011 and served as its Chief Executive Officer until February 2020, and as Chairperson of the Board of Directors from February 2020 to April 2023. From September 2007 to June 2011, Mr. Bergman served as Manager, Vice President, then Chief Technology Officer of Wikia, Inc.

Scott R. Lovett, President, Go to Market

Scott Lovett has served as Fastly's President, Go to Market since August 2025. He previously served as Fastly's Chief Revenue Officer from August 2024 until August 2025. Prior to that, Mr. Lovett served as Chief Revenue Officer at Imperva, Inc. from August 2021 to May 2024, and as Senior Vice President of Global Web & Security Sales at Akamai Technologies, Inc. from April 2018 to April 2021.

Kelly Shortridge, Chief Product Officer

Kelly Shortridge serves as the Chief Product Officer at Fastly.

AI Analysis | Feedback

  • The edge cloud and content delivery network (CDN) market in which Fastly operates is intensely competitive, featuring large, established technology companies and other specialized providers. Fastly's ability to maintain and grow its market share depends on its continuous innovation, differentiation of its platform, and effective competition on factors such as performance, security, features, and pricing.
  • As a provider of critical infrastructure for processing, serving, and securing customer applications at the edge of the internet, Fastly faces significant risks related to security vulnerabilities and service disruptions. Any breach of its own security, or a widespread or prolonged outage of its platform, could lead to severe reputational damage, loss of customer trust, data loss for customers, and potential financial and legal liabilities.
  • Fastly's business model heavily relies on the adoption and continued use of its programmable edge cloud platform by developers and businesses. The company's growth and revenue are dependent on its ability to attract new customers and retain existing ones by providing a platform that meets evolving developer needs and offers a superior experience compared to competing solutions.

AI Analysis | Feedback

The accelerating maturation and bundling of edge computing, content delivery network (CDN), and security services by hyperscale cloud providers (such as Amazon Web Services, Google Cloud Platform, and Microsoft Azure) into their broader cloud ecosystems. As these providers increasingly offer sophisticated, performant, and tightly integrated edge solutions that are seamlessly linked with their core compute, storage, and database offerings, they pose an emerging threat to specialized edge platforms like Fastly. Customers, particularly those already deeply invested in a hyperscaler's ecosystem, may increasingly opt for a single-vendor solution for their entire application stack, potentially reducing the need for a standalone, specialized edge cloud provider and shifting market preference towards consolidated cloud infrastructure.

AI Analysis | Feedback

Fastly, Inc. (FSLY) operates within several significant and growing addressable markets for its main products and services. These include edge computing, content delivery networks (CDN), and various edge security solutions like DDoS protection and web application firewalls (WAF), as well as serverless computing (which includes its Compute@Edge offering).

Here are the estimated market sizes for Fastly's key offerings:

  • Edge Computing (Global): The global edge computing market was estimated at approximately USD 23.65 billion in 2024. This market is projected to grow significantly, reaching an estimated USD 327.79 billion by 2033, demonstrating a compound annual growth rate (CAGR) of 33.0% from 2025 to 2033.
  • Content Delivery Network (CDN) (Global): The global content delivery network (CDN) market size was valued at USD 23.69 billion in 2024. This market is expected to expand to USD 73.48 billion by 2033, exhibiting a CAGR of 11.98% during the period of 2025-2033.
  • DDoS Protection (Global): The global DDoS protection and mitigation security market was valued at USD 4.99 billion in 2024. It is projected to reach USD 13.45 billion by 2032, with a CAGR of 13.20% from 2025 to 2032.
  • Web Application Firewall (WAF) (Global): The global web application firewall (WAF) market size was valued at USD 8.60 billion in 2025. This market is projected to grow to USD 30.86 billion by 2034, at a CAGR of 14.90%.
  • Serverless Computing (Global) (includes Compute@Edge): The global serverless computing market size was estimated at USD 24.51 billion in 2024. It is projected to reach USD 52.13 billion by 2030, growing at a CAGR of 14.1% from 2025 to 2030.

AI Analysis | Feedback

Fastly (FSLY) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and market trends:

  1. Expansion of Security Solutions: Fastly's comprehensive suite of security offerings, including Web Application Firewall (WAF), bot management, DDoS protection, and API security, is a significant growth driver. The company has broadened its security product portfolio and seen accelerated growth in this segment, with security revenue showing strong year-over-year increases. Analysts and Fastly's own reports indicate that security services are becoming a more substantial portion of its revenue, and new product adoptions are contributing to this growth.
  2. Growth in Edge Computing and AI Workloads: Fastly is well-positioned to capitalize on the burgeoning edge computing market, especially with the increasing demand for artificial intelligence (AI) workloads that require low-latency processing at the edge of the internet. The company's Compute@Edge platform is a key offering in this area, with new products like the Fastly AI accelerator gaining strong customer interest and driving Remaining Performance Obligations (RPO) growth. This focus on "Edge Intelligence" and supporting agentic AI products is expected to be a transformative opportunity.
  3. Customer Acquisition and Expansion within Existing Enterprise Customers: Fastly is actively focused on expanding its customer base, particularly its high-value enterprise customers (those generating over $100,000 in annual revenue). The company has demonstrated success in increasing its enterprise customer count and improving its trailing-12-month net retention rate, indicating that existing customers are increasing their spending. Initiatives such as new packaging, channel programs, and a renewed demand generation focus are contributing to a faster pace of customer acquisition. Additionally, opportunities to acquire market share from competitors, such as former Edgio customers, are also contributing to larger customer commitments.
  4. International Market Expansion: While the United States remains Fastly's primary market, the company has observed significant growth in other regions, with the Asia Pacific market, for example, showing explosive year-over-year revenue growth. Continued expansion and increased penetration in international markets are expected to contribute to overall revenue diversification and growth.

AI Analysis | Feedback

Share Repurchases

  • Fastly repurchased approximately $236.4 million aggregate principal amount of its 0% Convertible Senior Notes due 2026 for approximately $195.0 million in cash in May 2023.
  • In May 2022, the company repurchased approximately $235.0 million aggregate principal amount of its 0% Convertible Senior Notes due 2026 for about $176.2 million in cash.
  • Fastly also repurchased $150.0 million of its 0% convertible senior notes due 2026 for approximately $148.9 million in December 2025, and used $149 million to repurchase these notes in February 2026, as part of debt refinancing efforts.

Share Issuance

  • In March 2021, Fastly issued $948.75 million in aggregate principal amount of 0% Convertible Senior Notes due 2026, resulting in net proceeds of approximately $929.10 million.
  • The company raised $180 million in gross proceeds from 0% convertible notes due 2030 in December 2025/February 2026, including an overallotment option.
  • A US$160.66 million shelf registration for 9,092,235 Class A shares was filed in March 2026, tied to its employee stock ownership plan.

Outbound Investments

  • Fastly acquired Domainr, a provider of domain registration services, in August 2023 for an undisclosed amount.
  • In May 2022, Fastly acquired Glitch (Software Development Applications) for an undisclosed sum.
  • Fastly acquired Fanout in April 2022, with the deal size remaining undisclosed.

Capital Expenditures

  • Capital expenditures were $48 million in 2021, $80 million in 2022, and $32 million in 2023.
  • Projected capital expenditures are $37 million for 2024 and $46 million for 2025.
  • For 2026, Fastly expects infrastructure capital expenditures to be about 10% to 12% of revenue, with a primary focus on maintaining network infrastructure to support traffic volume, especially for AI, and investments in security.

Better Bets vs. Fastly (FSLY)

Latest Trefis Analyses

TitleDate
0DASHBOARDS 
1Fastly Stock Shares Sink 38% In A Day, Now Is Not The Time To Buy The Stock05/08/2026
2The Bear Case: How FSLY Behaves During Market Shocks05/08/2026
3Is 29.1% Fall In Fastly (FSLY) Stock A Buying Opportunity?04/25/2026
4Fastly Stock (+11%) : Raymond James Conference Catalyzes Options Frenzy03/03/2026
5FSLY Stock Surges 129% With A 6-day Winning Spree On Record Q4 Earnings02/14/2026
6Fastly Stock (+72%): Agentic AI Inflection Ignites an Institutional Chase02/13/2026
7Fastly Stock vs Competition: Who Wins?02/13/2026
8FSLY Stock Surges 102% With A 5-day Winning Spree On Record Q4 Earnings02/13/2026
9Fastly Stock Pre--Market (+36%) : Blowout Q4 Earnings & Bullish 2026 Guidance02/12/2026
10Fastly Earnings Notes12/16/2025
11ARTICLES 
12Fastly Stock To $17?04/25/2026
13Small Cap Stocks Trading At 52-Week High04/02/2026
14Fastly Stock (+11%) : Analyst PT Hike, Conference Buzz Drive Momentum03/03/2026
15Fastly Stock (+72%) : Surprise AI Cloud Partnership Ignites Violent Cover02/13/2026
16How Does Fastly Stock Compare With Peers?02/13/2026
Title
0DASHBOARDS
1Fastly Stock Shares Sink 38% In A Day, Now Is Not The Time To Buy The Stock
2The Bear Case: How FSLY Behaves During Market Shocks
3Is 29.1% Fall In Fastly (FSLY) Stock A Buying Opportunity?
4Fastly Stock (+11%) : Raymond James Conference Catalyzes Options Frenzy
5FSLY Stock Surges 129% With A 6-day Winning Spree On Record Q4 Earnings
6Fastly Stock (+72%): Agentic AI Inflection Ignites an Institutional Chase
7Fastly Stock vs Competition: Who Wins?
8FSLY Stock Surges 102% With A 5-day Winning Spree On Record Q4 Earnings
9Fastly Stock Pre--Market (+36%) : Blowout Q4 Earnings & Bullish 2026 Guidance
10Fastly Earnings Notes
11ARTICLES
12Fastly Stock To $17?
13Small Cap Stocks Trading At 52-Week High
14Fastly Stock (+11%) : Analyst PT Hike, Conference Buzz Drive Momentum
15Fastly Stock (+72%) : Surprise AI Cloud Partnership Ignites Violent Cover
16How Does Fastly Stock Compare With Peers?

Trade Ideas

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PLTR_4302026_Monopoly_xInd_xCD_Getting_Cheaper04302026PLTRPalantir TechnologiesMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		0.0%0.0%0.0%
ADSK_4102026_Dip_Buyer_FCFYield04102026ADSKAutodeskDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		8.5%8.5%0.0%
BSY_4102026_Dip_Buyer_FCFYield04102026BSYBentley SystemsDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		4.2%4.2%0.0%
ENPH_4102026_Dip_Buyer_ValueBuy04102026ENPHEnphase EnergyDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
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BL_4102026_Dip_Buyer_High_CFO_Margins_ExInd_DE04102026BLBlackLineDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap		3.2%3.2%-3.0%

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Peer Comparisons

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Financials

FSLYNETAKAMZSFFIVGOOGLMedian
NameFastly Cloudfla.Akamai T.Zscaler F5 Alphabet  
Mkt Price16.40212.65146.24171.01383.70387.66191.83
Mkt Cap2.575.021.227.321.84,690.324.5
Rev LTM6532,3294,2673,0013,225422,4993,113
Op Inc LTM-104-216587-144809138,129241
FCF LTM4229276587496364,429819
FCF 3Y Avg520675469083069,474722
CFO LTM1066161,5801,1141,015174,3531,065
CFO 3Y Avg504531,488883874138,013879

Growth & Margins

FSLYNETAKAMZSFFIVGOOGLMedian
NameFastly Cloudfla.Akamai T.Zscaler F5 Alphabet  
Rev Chg LTM17.7%31.6%6.2%23.9%9.7%17.5%17.6%
Rev Chg 3Y Avg13.5%30.3%5.6%30.8%5.2%14.1%13.8%
Rev Chg Q19.8%33.5%5.8%25.9%11.0%21.8%20.8%
QoQ Delta Rev Chg LTM4.6%7.4%1.4%5.9%2.6%4.9%4.7%
Op Inc Chg LTM28.5%-40.7%-5.9%-43.4%10.9%17.5%2.5%
Op Inc Chg 3Y Avg23.1%-4.3%-5.4%13.6%25.7%24.3%18.3%
Op Mgn LTM-16.0%-9.3%13.8%-4.8%25.1%32.7%4.5%
Op Mgn 3Y Avg-26.4%-10.6%15.7%-6.4%24.4%31.5%4.7%
QoQ Delta Op Mgn LTM3.0%0.3%-1.2%-0.1%-0.0%0.7%0.1%
CFO/Rev LTM16.2%26.4%37.0%37.1%31.5%41.3%34.3%
CFO/Rev 3Y Avg8.1%24.4%36.7%36.0%29.2%37.3%32.6%
FCF/Rev LTM6.5%12.5%17.9%29.1%29.9%15.2%16.6%
FCF/Rev 3Y Avg0.5%11.0%18.6%28.1%27.7%19.3%18.9%

Valuation

FSLYNETAKAMZSFFIVGOOGLMedian
NameFastly Cloudfla.Akamai T.Zscaler F5 Alphabet  
Mkt Cap2.575.021.227.321.84,690.324.5
P/S3.932.25.09.16.711.17.9
P/Op Inc-24.1-347.236.2-189.026.934.01.4
P/EBIT-27.2-1,111.536.3-1,189.526.924.0-1.6
P/E-24.4-864.548.8-403.830.729.32.4
P/CFO23.8121.813.424.521.426.924.1
Total Yield-4.1%-0.1%2.0%-0.2%3.3%3.6%1.0%
Dividend Yield0.0%0.0%0.0%0.0%0.0%0.2%0.0%
FCF Yield 3Y Avg-0.4%0.4%5.1%2.2%5.8%3.2%2.7%
D/E0.20.00.30.10.00.00.1
Net D/E0.0-0.00.2-0.1-0.1-0.0-0.0

Returns

FSLYNETAKAMZSFFIVGOOGLMedian
NameFastly Cloudfla.Akamai T.Zscaler F5 Alphabet  
1M Rtn-38.3%2.4%49.1%22.5%21.6%16.7%19.1%
3M Rtn-9.2%10.4%33.4%1.2%37.4%28.1%19.2%
6M Rtn55.6%11.1%67.4%-38.9%69.9%34.1%44.9%
12M Rtn124.7%35.9%91.4%-31.2%34.0%130.8%63.6%
3Y Rtn21.8%274.4%66.3%32.7%165.1%212.6%115.7%
1M Excs Rtn-39.2%-1.9%46.3%15.6%19.0%9.9%12.7%
3M Excs Rtn-17.1%12.3%47.5%-0.7%30.1%15.4%13.8%
6M Excs Rtn43.8%-4.3%54.2%-54.2%56.5%24.0%33.9%
12M Excs Rtn87.9%9.7%63.4%-57.5%8.4%111.9%36.6%
3Y Excs Rtn-53.6%234.1%-12.8%-36.7%97.5%145.9%42.3%

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Network Services428405   
Security10393   
Other138   
Single Segment  433354291
Total544506433354291


Price Behavior

Price Behavior
Market Price$16.40 
Market Cap ($ Bil)2.5 
First Trading Date05/17/2019 
Distance from 52W High-51.0% 
   50 Days200 Days
DMA Price$24.99$14.05
DMA Trendupup
Distance from DMA-34.4%16.7%
 3M1YR
Volatility135.4%117.0%
Downside Capture405.36174.98
Upside Capture250.22219.30
Correlation (SPY)20.8%10.6%
FSLY Betas & Captures as of 4/30/2026

 1M2M3M6M1Y3Y
Beta2.141.34-0.290.060.941.60
Up Beta1.900.900.831.791.701.36
Down Beta-34.04-1.04-7.27-4.08-1.391.36
Up Capture140%314%451%360%444%957%
Bmk +ve Days15223166141428
Stock +ve Days12233461124356
Down Capture1234%132%-88%-39%85%112%
Bmk -ve Days4183056108321
Stock -ve Days10203064126387

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return		Annualized
Volatility		Sharpe
Ratio		Correlation
with FSLY
FSLY109.9%117.1%1.13-
Sector ETF (XLK)54.0%20.6%1.9912.1%
Equity (SPY)26.8%12.1%1.6710.5%
Gold (GLD)37.5%26.8%1.16-5.9%
Commodities (DBC)43.5%18.6%1.80-11.3%
Real Estate (VNQ)12.0%13.4%0.5910.0%
Bitcoin (BTCUSD)-27.2%41.8%-0.6512.2%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return		Annualized
Volatility		Sharpe
Ratio		Correlation
with FSLY
FSLY-17.7%87.0%0.16-
Sector ETF (XLK)22.3%24.8%0.7937.8%
Equity (SPY)13.8%17.0%0.6438.5%
Gold (GLD)19.3%18.0%0.87-0.2%
Commodities (DBC)10.8%19.4%0.444.1%
Real Estate (VNQ)3.8%18.8%0.1029.2%
Bitcoin (BTCUSD)9.3%55.6%0.3721.8%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return		Annualized
Volatility		Sharpe
Ratio		Correlation
with FSLY
FSLY-3.9%89.4%0.34-
Sector ETF (XLK)25.1%24.4%0.9338.0%
Equity (SPY)15.5%17.9%0.7435.1%
Gold (GLD)13.2%16.0%0.682.8%
Commodities (DBC)7.8%17.9%0.358.7%
Real Estate (VNQ)5.4%20.7%0.2224.9%
Bitcoin (BTCUSD)67.3%66.9%1.0618.8%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date4302026
Short Interest: Shares Quantity18.9 Mil
Short Interest: % Change Since 4152026-3.4%
Average Daily Volume8.3 Mil
Days-to-Cover Short Interest2.3 days
Basic Shares Quantity153.6 Mil
Short % of Basic Shares12.3%

Returns Analyses

Earnings Returns History

Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/6/2026-38.2%-42.0% 
2/11/202672.3%94.1%164.0%
11/5/202535.9%47.5%37.8%
8/6/202514.4%11.0%14.0%
5/7/202526.4%37.1%27.0%
2/12/2025-20.9%-22.4%-32.0%
11/6/20240.1%-10.7%33.6%
8/7/2024-14.3%-12.4%-17.4%
...
SUMMARY STATS   
# Positive11912
# Negative141612
Median Positive15.8%23.9%28.1%
Median Negative-19.5%-25.5%-32.3%
Max Positive72.3%94.1%164.0%
Max Negative-38.2%-42.0%-46.5%

SEC Filings

Expand for More
Report DateFiling DateFiling
03/31/202605/06/202610-Q
12/31/202502/25/202610-K
09/30/202511/07/202510-Q
06/30/202508/06/202510-Q
03/31/202505/07/202510-Q
12/31/202402/26/202510-K
09/30/202411/07/202410-Q
06/30/202408/08/202410-Q
03/31/202405/01/202410-Q
12/31/202302/22/202410-K
09/30/202311/03/202310-Q
06/30/202308/02/202310-Q
03/31/202305/03/202310-Q
12/31/202202/27/202310-K
09/30/202211/04/202210-Q
06/30/202208/05/202210-Q

Recent Forward Guidance [BETA]

Latest: Q1 2026 Earnings Reported 5/6/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q2 2026 Revenue170.00 Mil173.00 Mil176.00 Mil1.2% RaisedGuidance: 171.00 Mil for Q1 2026
Q2 2026 Non-GAAP Operating Income12.00 Mil14.00 Mil16.00 Mil-12.5% LoweredGuidance: 16.00 Mil for Q1 2026
Q2 2026 Non-GAAP Net Income per share0.050.070.08-23.5% LoweredGuidance: 0.09 for Q1 2026
2026 Revenue710.00 Mil717.50 Mil725.00 Mil1.1% RaisedGuidance: 710.00 Mil for 2026
2026 Non-GAAP Operating Income58.00 Mil63.00 Mil68.00 Mil14.6% RaisedGuidance: 55.00 Mil for 2026
2026 Non-GAAP Net Income per share0.270.30.3315.4% RaisedGuidance: 0.26 for 2026

Prior: Q4 2025 Earnings Reported 2/11/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q1 2026 Revenue168.00 Mil171.00 Mil174.00 Mil6.2% Higher NewGuidance: 161.00 Mil for Q4 2025
Q1 2026 Non-GAAP Operating Income14.00 Mil16.00 Mil18.00 Mil60.0% Higher NewGuidance: 10.00 Mil for Q4 2025
Q1 2026 EPS0.070.090.141.7% Higher NewGuidance: 0.06 for Q4 2025
2026 Revenue700.00 Mil710.00 Mil720.00 Mil16.0% Higher NewGuidance: 612.00 Mil for 2025
2026 Non-GAAP Operating Income50.00 Mil55.00 Mil60.00 Mil400.0% Higher NewGuidance: 11.00 Mil for 2025
2026 EPS0.230.260.29420.0% Higher NewGuidance: 0.05 for 2025

Insider Activity

Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value		Value of
Held Shares		Form
1Wong, RichardCFODirectSell520202616.356,315103,25020,262,571Form
2Compton, Charles Lacey IiiCEODirectSell520202616.4811,275185,81217,934,953Form
3Bergman, ArturChief Technology OfficerDirectSell520202616.4131,848522,62633,717,315Form
4Wong, RichardCFODirectSell520202616.853,59260,52520,988,630Form
5Lovett, Scott RPresident, Go to MarketDirectSell520202616.8514,843250,10525,090,240Form

Industry Resources

Technology Hardware, Storage & Peripherals Resources
The Verge
TechRadar
Tom’s Hardware
PCMag
CNET

External Quote Links


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