Fastly (NYSE:FSLY) Releases FY 2026 Earnings Guidance

Fastly (NYSE:FSLY) issued an update on its FY 2026 earnings guidance on Wednesday. The company provided EPS guidance of 0.500-0.540 for the period. The company issued revenue guidance of $732.0 million-$746.0 million. Fastly also updated its Q3 2026 guidance to 0.110-0.130 EPS.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Evercore reiterated an “outperform” rating on shares of Fastly in a report on Thursday. Raymond James Financial reiterated an “outperform” rating and set a $29.00 price target on shares of Fastly in a research report on Thursday. Canaccord Genuity Group initiated coverage on shares of Fastly in a research note on Friday, July 17th. They set a “buy” rating and a $27.00 price target on the stock. Citigroup boosted their price objective on shares of Fastly from $13.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Finally, Craig Hallum cut shares of Fastly from a “buy” rating to a “hold” rating and set a $24.00 price objective for the company. in a research note on Tuesday, April 14th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Fastly currently has an average rating of “Hold” and a consensus target price of $25.33.

Fastly Trading Up 1.2%

FSLY stock traded up $0.28 during trading on Friday, hitting $22.96. 7,205,565 shares of the company traded hands, compared to its average volume of 9,899,213. The company has a 50-day moving average of $19.53 and a 200-day moving average of $19.99. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.46 and a current ratio of 1.46. Fastly has a 1 year low of $6.70 and a 1 year high of $34.82. The firm has a market capitalization of $3.59 billion, a PE ratio of -23.92 and a beta of 0.34.

Insider Buying and Selling

In related news, CEO Charles Lacey Compton III sold 14,868 shares of Fastly stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $25.00, for a total value of $371,700.00. Following the transaction, the chief executive officer directly owned 1,030,592 shares of the company’s stock, valued at $25,764,800. The trade was a 1.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Scott R. Lovett sold 41,716 shares of the company’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $17.77, for a total transaction of $741,293.32. Following the sale, the insider owned 1,392,778 shares of the company’s stock, valued at $24,749,665.06. This represents a 2.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 289,397 shares of company stock worth $5,133,480. Company insiders own 4.20% of the company’s stock.

Fastly News Roundup

Here are the key news stories impacting Fastly this week:

• Positive Sentiment: Fastly reported record Q2 revenue of $183.3 million, up approximately 23% year over year. Non-GAAP earnings reached $0.15 per share versus the $0.07 consensus estimate, while security revenue surged 43% on demand for AI-related traffic protection. Gross margin also reached a record 65.8%. Fastly Q2 Earnings Beat as Security Growth Spurs 2026 Outlook Hike
• Positive Sentiment: Management raised its 2026 outlook, including adjusted EPS guidance of $0.50 to $0.54. Third-quarter revenue guidance of $184 million to $190 million and adjusted EPS guidance of $0.11 to $0.13 also exceeded analyst expectations. Fastly Announces Second Quarter 2026 Financial Results
• Positive Sentiment: KeyBanc raised its price target to $30 with an overweight rating, and RBC lifted its target to $28 while maintaining a sector-perform rating. The revisions reinforce the bullish view on Fastly’s security and AI growth.
• Neutral Sentiment: Customer concentration remains a risk because reliance on a limited number of large customers could make revenue growth less predictable, even as security demand expands.
• Negative Sentiment: Investors may consider Fastly’s valuation demanding after its sharp one-year gain, leaving less room for disappointment despite the earnings beat and improved guidance. Fastly Stock Looks Overvalued Despite a Strong Return
• Negative Sentiment: CEO Charles Lacey Compton III sold 14,868 shares worth approximately $371,700. The sale was made under a pre-arranged Rule 10b5-1 plan and reduced his direct ownership by about 1.42%, limiting its significance but potentially adding short-term selling pressure. Fastly CEO Stock Sale

Institutional Trading of Fastly

A number of institutional investors have recently modified their holdings of the company. Align Financial LLC bought a new position in Fastly during the 4th quarter valued at approximately $41,000. Quarry LP bought a new stake in shares of Fastly in the 3rd quarter worth approximately $49,000. Geneos Wealth Management Inc. bought a new stake in shares of Fastly in the 1st quarter worth approximately $52,000. C M Bidwell & Associates Ltd. purchased a new position in shares of Fastly during the fourth quarter valued at approximately $54,000. Finally, Acadian Asset Management LLC purchased a new position in shares of Fastly during the first quarter valued at approximately $78,000. 79.71% of the stock is currently owned by hedge funds and other institutional investors.

About Fastly

Fastly, Inc operates an edge cloud platform designed to accelerate, secure and enable modern digital experiences. The company offers a suite of services including a content delivery network (CDN), edge compute, load balancing, web application firewall (WAF) and DDoS protection. Fastly’s real-time architecture allows customers to seamlessly deploy software logic at the network edge, reducing latency by bringing applications and content closer to end users.

Founded in 2011 by Artur Bergman, Fastly has evolved from a pure-play CDN provider into a comprehensive edge cloud platform.