Fastly (FSLY)

• Market cap: $1.41B
• 1 day: 1.00%
• 5 days: -3.17%
• 1 month: 55.56%
• 3 months: 39.42%
• 6 months: 44.00%
• Year to date: -42.37%
• 1 year: -44.03%
• 5 years: -47.34%
• 10 years: -57.98%
• Sector: Information Technology
• Industry: Prepackaged Software

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 Q3 regulatory filings by fund managers ($100M+ AUM)

3% less capital invested

Capital invested by funds: $758M [Q2] → $735M (-$22.8M) [Q3]

5% less call options, than puts

Call options by funds: $22.4M | Put options by funds: $23.6M

7% less repeat investments, than reductions

Existing positions increased: 65 | Existing positions reduced: 70

5.01% less ownership

Funds ownership: 75.1% [Q2] → 70.1% (-5.01%) [Q3]

12% less funds holding

Funds holding: 239 [Q2] → 211 (-28) [Q3]

47% less first-time investments, than exits

New positions opened: 31 | Existing positions closed: 59

Research analyst outlook

6 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $7 31% downside
• Avg. target: $8.75 13% downside
• High target: $12 19% upside

6 analyst ratings

• positive: 1 17%
• neutral: 5 83%
• negative: 0 0%

Piper Sandler James Fish 80% 1-year accuracy 20 / 25 met price target	1% downside $10	Neutral Maintained	3 Dec 2024
Oppenheimer Timothy Horan 62% 1-year accuracy 13 / 21 met price target	19% upside $12	Outperform Upgraded	2 Dec 2024
Craig-Hallum Jeff Van Rhee 69% 1-year accuracy 11 / 16 met price target	21% downside $8	Hold Maintained	7 Nov 2024
DA Davidson Rudy Kessinger 63% 1-year accuracy 17 / 27 met price target	26% downside $7.50	Neutral Maintained	7 Nov 2024
Baird William Power 75% 1-year accuracy 18 / 24 met price target	21% downside $8	Neutral Maintained	7 Nov 2024