Fastly (NYSE:FSLY) Issues FY 2026 Earnings Guidance

Fastly (NYSE:FSLY) issued an update on its FY 2026 earnings guidance on Wednesday. The company provided earnings per share (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.

Fastly Trading Up 4.3%

NYSE FSLY traded up $1.08 during trading on Wednesday, hitting $26.03. The stock had a trading volume of 14,568,708 shares, compared to its average volume of 9,913,310. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $4.07 billion, a PE ratio of -27.11 and a beta of 0.34. The firm has a 50 day moving average price of $19.42 and a 200 day moving average price of $19.90. Fastly has a twelve month low of $6.31 and a twelve month high of $34.82.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on FSLY shares. Canaccord Genuity Group began coverage on Fastly in a research report on Friday, July 17th. They set a “buy” rating and a $27.00 price objective for the company. KeyCorp increased their target price on shares of Fastly from $14.00 to $27.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Evercore began coverage on Fastly in a research note on Tuesday, April 14th. They issued an “outperform” rating and a $24.00 price objective for the company. Piper Sandler reduced their price objective on Fastly to $27.00 and set a “neutral” rating for the company in a research note on Thursday, May 7th. Finally, Freedom Capital raised Fastly to a “strong-buy” rating in a report on Thursday, July 16th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $23.11.

Insiders Place Their Bets

In other news, CEO Charles Lacey Compton III sold 34,334 shares of the business’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $16.85, for a total value of $578,527.90. Following the completion of the transaction, the chief executive officer directly owned 1,099,561 shares of the company’s stock, valued at $18,527,602.85. The trade was a 3.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Artur Bergman sold 32,181 shares of the stock in a transaction on Monday, May 18th. The shares were sold at an average price of $16.85, for a total value of $542,249.85. Following the sale, the chief technology officer directly owned 2,086,529 shares in the company, valued at approximately $35,158,013.65. The trade was a 1.52% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 274,529 shares of company stock valued at $4,761,780. Corporate 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 second-quarter earnings of $0.15 per share, well above the $0.07 consensus estimate and a significant improvement from a $0.03-per-share loss a year earlier. The earnings beat supports the company’s profitability turnaround. Fastly Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Management raised its outlook, projecting third-quarter EPS of $0.11-$0.13 versus the $0.01 analyst estimate, and revenue of $184 million-$190 million versus the $180.1 million consensus. Full-year 2026 EPS guidance was set at $0.50-$0.54, reinforcing expectations for continued earnings growth.
• Positive Sentiment: Fastly characterized the quarter as a record period, citing strong execution, customer demand and momentum from its platform strategy. The company’s confidence in raising its full-year outlook is a favorable signal for investors. Fastly Announces Second Quarter 2026 Financial Results
• Positive Sentiment: Fastly’s partnership with Experian’s Agent Trust ecosystem is strengthening its artificial-intelligence investment narrative. The collaboration is designed to verify AI agents, authorize transactions and apply identity-based security policies at the network edge, potentially creating new enterprise demand. Why Fastly Is Up After Joining Experian’s Agent Trust AI Security Ecosystem
• Neutral Sentiment: Despite the strong quarter and raised guidance, shares reportedly weakened after the earnings release, suggesting investors may have been focused on valuation, expectations already reflected in the stock, or details beyond the headline results. Fastly Stock Sinks Despite Strong Q2 Print
• Negative Sentiment: Fastly’s substantial recent share-price gains and elevated market valuation raise the bar for future results. Investors may require continued earnings beats and strong execution before assigning further upside to FSLY. Is Fastly Fully Valued on Its Experian Agent Trust Deal?

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of FSLY. Virtus Advisers LLC purchased a new position in Fastly during the fourth quarter worth approximately $175,000. Susquehanna Fundamental Investments LLC acquired a new position in Fastly during the 3rd quarter worth approximately $130,000. CIBC Bancorp USA Inc. purchased a new position in shares of Fastly in the third quarter valued at $125,000. Prudential Financial Inc. grew its holdings in Fastly by 72.0% during the 2nd quarter. Prudential Financial Inc. now owns 17,395 shares of the company’s stock valued at $123,000 after purchasing an additional 7,280 shares in the last quarter. Finally, Bank of Nova Scotia purchased a new stake in Fastly during the 2nd quarter worth $122,000. 79.71% of the stock is currently owned by hedge funds and other institutional investors.

Fastly Company Profile

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.