FastlyFSLY
Market Cap: $981M
About: Fastly operates a content delivery network, which is necessary for entities to provide faster and more reliable online content. Fastly's strategy differs from traditional CDNs, which focus on locating servers in as many locations as possible to store copies of files that consumers most use. Fastly is in far fewer sites than traditional CDNs, but it houses servers in the most network-dense data centers. Instead of simply storing static content, it allows its customers to program on its platform, enabling edge computing and better service of the more dynamic content that was traditionally not well served by CDNs. Fastly gears its service to the largest, most sophisticated enterprises rather than small companies and generated nearly three fourths of its revenue in the United States in 2023.
Employees: 1,207
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
21% more repeat investments, than reductions
Existing positions increased: 82 | Existing positions reduced: 68
4.57% less ownership
Funds ownership: 70.98% [Q1] → 66.41% (-4.57%) [Q2]
5% less funds holding
Funds holding: 250 [Q1] → 237 (-13) [Q2]
18% less call options, than puts
Call options by funds: $25.2M | Put options by funds: $30.7M
23% less first-time investments, than exits
New positions opened: 44 | Existing positions closed: 57
46% less capital invested
Capital invested by funds: $1.24B [Q1] → $670M (-$569M) [Q2]
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
Morgan Stanley Sanjit Singh 55% 1-year accuracy 6 / 11 met price target | 1%downside $7 | Equal-Weight Maintained | 27 Aug 2024 |
Raymond James Frank Louthan 75% 1-year accuracy 9 / 12 met price target | 13%upside $8 | Strong Buy Maintained | 8 Aug 2024 |
Craig-Hallum Jeff Van Rhee 60% 1-year accuracy 6 / 10 met price target | 15%downside $6 | Hold Maintained | 8 Aug 2024 |
Piper Sandler James Fish 29% 1-year accuracy 7 / 24 met price target | 15%downside $6 | Neutral Downgraded | 8 Aug 2024 |
Piper Sandler James Fish 29% 1-year accuracy 7 / 24 met price target | 41%upside $10 | Overweight Maintained | 15 Jul 2024 |
Financial journalist opinion
Based on 3 articles about FSLY published over the past 30 days