What is KeyCorp’s Estimate for Fastly FY2026 Earnings?

Fastly, Inc. (NASDAQ:FSLY) – Investment analysts at KeyCorp issued their FY2026 EPS estimates for Fastly in a research note issued on Wednesday, November 4th. KeyCorp analyst J. Ader expects that the company will post earnings of ($0.24) per share for the year. KeyCorp currently has an “Overweight” rating and a $30.00 target price on the stock. The consensus estimate for Fastly’s current full-year earnings is ($0.28) per share. KeyCorp also issued estimates for Fastly’s Q4 2026 earnings at ($0.04) EPS and FY2027 earnings at ($0.22) EPS.

Several other equities analysts have also recently weighed in on FSLY. Citigroup lowered their price target on Fastly from $27.00 to $25.00 and set a “neutral” rating on the stock in a report on Friday, November 6th. Royal Bank Of Canada cut their price objective on Fastly from $25.00 to $19.00 and set a “sector perform” rating for the company in a report on Thursday, November 5th. Freedom Broker reduced their price objective on Fastly from $37.00 to $35.00 and set a “buy” rating for the company in a research report on Monday. Raymond James Financial reissued an “outperform” rating and issued a $24.00 target price on shares of Fastly in a report on Thursday, November 5th. Finally, Freedom Capital upgraded Fastly to a “strong-buy” rating in a research note on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $26.00.

Fastly Stock Down 0.4%

Shares of FSLY opened at $17.19 on Friday. The company has a current ratio of 3.07, a quick ratio of 3.07 and a debt-to-equity ratio of 0.32. The firm has a fifty day simple moving average of $23.56 and a two-hundred day simple moving average of $21.67. Fastly has a 1-year low of $7.87 and a 1-year high of $34.82.

Fastly (NASDAQ:FSLY) last issued its quarterly earnings data on Wednesday, November 4th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.05. Fastly had a negative net margin of 8.74% and a negative return on equity of 4.53%. The company had revenue of $190.19 million for the quarter, compared to the consensus estimate of $187.82 million.

Insider Activity at Fastly

In other news, CEO Charles Compton, III sold 55,579 shares of the firm’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $21.39, for a total transaction of $1,188,834.81. Following the completion of the transaction, the chief executive officer owned 914,235 shares in the company, valued at $19,555,486.65. This trade represents a 5.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Scott R. Lovett sold 41,815 shares of Fastly stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $24.64, for a total value of $1,030,321.60. Following the completion of the sale, the insider directly owned 1,281,583 shares in the company, valued at $31,578,205.12. This trade represents a 3.16% 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. Insiders sold a total of 1,323,893 shares of company stock valued at $35,452,889 in the last ninety days. Corporate insiders own 4.20% of the company’s stock.

Hedge Funds Weigh In On Fastly

Several institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake in Fastly by 38.4% in the 3rd quarter. GAMMA Investing LLC now owns 1,510 shares of the company’s stock worth $39,000 after acquiring an additional 419 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Fastly by 39.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,204 shares of the company’s stock valued at $64,000 after acquiring an additional 627 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Fastly by 84.6% in the first quarter. PNC Financial Services Group Inc. now owns 1,381 shares of the company’s stock valued at $40,000 after purchasing an additional 633 shares in the last quarter. Global Retirement Partners LLC grew its holdings in shares of Fastly by 53.9% in the third quarter. Global Retirement Partners LLC now owns 2,007 shares of the company’s stock valued at $52,000 after purchasing an additional 703 shares in the last quarter. Finally, Cim Investment Management Inc. increased its position in Fastly by 7.4% in the second quarter. Cim Investment Management Inc. now owns 10,816 shares of the company’s stock worth $199,000 after purchasing an additional 747 shares during the last quarter. Hedge funds and other institutional investors own 79.71% of the company’s stock.

Fastly News Summary

Here’s some of the latest news about FSLY:

• Positive Sentiment: KeyCorp maintains an Overweight rating and a $30 price target. Its 2027 quarterly estimates imply improving results over the year, from a projected $0.07 loss per share in Q1 to a $0.04 loss in Q4.
• Neutral Sentiment: A comparison with Datadog describes Fastly’s edge-computing business and major media customers, while highlighting Datadog’s stronger profitability and revenue growth—an unfavorable relative comparison, but not a new Fastly-specific development. Datadog vs. Fastly: Which Cloud Tech Stock Is a Better Buy for 2027?
• Negative Sentiment: Fastly reportedly remains down about 40% over the past month despite beating estimates and raising guidance. The article points to customer concentration as a key concern behind the sharp market reaction, contributing to uncertainty about whether shares can recover. Fastly Is Still Down 40% in the Past Month: Can FSLY Stock Get Back to $30?

About Fastly

Fastly, Inc. provides an edge cloud platform that helps businesses deliver and secure websites, applications, and digital content. Its services include content delivery, web application and API protection, DDoS mitigation, bot management, and tools for monitoring and analyzing internet traffic. The company also offers edge computing through Fastly Compute, which lets developers run code closer to users. Fastly’s platform is designed to help organizations improve the speed, reliability, and security of online services, and it serves customers across multiple industries and geographies.