Fastly, Inc. (FSLY, Financial) experienced significant stock movement with a sharp decline of 5.02%. The stock is currently trading at $7.29 per share, with a trading volume of 1.2137 million shares and a turnover rate of 0.87%. The stock's volatility is noted at 5.88%.
Financial reports reveal that Fastly achieved a revenue of $137 million but reported a net loss of $38.02 million, resulting in an earnings per share (EPS) of -$0.27. The gross profit stands at $69.94 million, with a price-to-earnings ratio of -6.76.
Analyst ratings show that out of 13 institutions, 85% recommend holding the stock, while 15% advise selling. No institutions recommend buying Fastly at this time.
In the software services sector, where Fastly operates, there was a modest overall increase of 0.23%. Noteworthy stocks in the sector included Arqit Quantum Inc, Roadzen Inc, and Bakkt Holdings, Inc., which showed significant gains. Other active stocks were Signing Day Sports, Inc., Janover Inc., and Nukkleus Inc., with high turnover rates. Stocks with notable volatility included Arqit Quantum Inc, Gorilla Technology Group Inc, and Roadzen Inc.
Fastly is known for operating a content delivery network (CDN) that offers faster and more reliable online content delivery. Unlike traditional CDNs, Fastly focuses on fewer sites by placing servers in densely networked data centers, allowing for edge computing and better service for dynamic content. The company targets large, complex enterprises, significantly generating nearly three-quarters of its revenue from the U.S. in 2023.
