Fastly (NYSE:FSLY) Updates Q1 2026 Earnings Guidance

Fastly (NYSE:FSLY) updated its first quarter 2026 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 0.070-0.100 for the period, compared to the consensus estimate of -0.030. The company issued revenue guidance of $168.0 million-$174.0 million, compared to the consensus revenue estimate of $161.4 million. Fastly also updated its FY 2026 guidance to 0.230-0.290 EPS.

Analyst Ratings Changes

FSLY has been the topic of a number of analyst reports. Citigroup restated a “neutral” rating on shares of Fastly in a research report on Friday. Oppenheimer started coverage on Fastly in a report on Monday, November 17th. They set a “market perform” rating on the stock. Royal Bank Of Canada upped their target price on Fastly from $10.00 to $12.00 and gave the company a “sector perform” rating in a research note on Thursday. Wall Street Zen raised Fastly from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $14.00 price objective (up previously from $11.00) on shares of Fastly in a research note on Thursday. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Fastly presently has an average rating of “Hold” and an average target price of $11.57.

Fastly Trading Up 8.7%

Shares of Fastly stock traded up $1.39 during trading hours on Friday, reaching $17.43. The stock had a trading volume of 12,794,525 shares, compared to its average volume of 7,928,733. The firm has a market capitalization of $2.60 billion, a price-to-earnings ratio of -18.14 and a beta of 1.03. Fastly has a 1 year low of $4.65 and a 1 year high of $17.86. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16. The firm has a 50 day simple moving average of $9.88 and a two-hundred day simple moving average of $9.06.

Insider Activity at Fastly

In related news, insider Scott R. Lovett sold 42,118 shares of Fastly stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $10.10, for a total transaction of $425,391.80. Following the transaction, the insider owned 1,002,137 shares in the company, valued at approximately $10,121,583.70. The trade was a 4.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Artur Bergman sold 62,828 shares of the company’s stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $10.48, for a total transaction of $658,437.44. Following the sale, the chief technology officer directly owned 2,975,730 shares of the company’s stock, valued at approximately $31,185,650.40. This trade represents a 2.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 706,530 shares of company stock worth $7,298,947 in the last 90 days. 6.70% of the stock is currently owned by insiders.

More Fastly News

Here are the key news stories impacting Fastly this week:

• Positive Sentiment: Record Q4 and full‑year results — Fastly reported record revenue, improved gross margin and operating profit, and delivered adjusted Q4 EPS that beat estimates; management also raised guidance for Q1 and FY‑2026, which is the core catalyst for the rally. Fastly Announces Both Record Fourth Quarter and Full Year 2025 Financial Results
• Positive Sentiment: AI/agentic‑AI narrative — multiple analysts and media pieces are reclassifying Fastly as an underappreciated AI/edge play as LLM traffic and “agentic” AI use cases boost edge compute and CDN demand. This sentiment is helping multiple buy‑side flows. The Agentic AI Revolution: Fastly’s Moment
• Positive Sentiment: Heavy call buying and retail/institutional flows — unusually large options activity (nearly 100k calls reported) and coverage pieces highlighting the beat+raise appear to have amplified a short‑covering move. Why is Fastly (FSLY) stock rocketing higher today?
• Neutral Sentiment: Earnings transcript & metrics to parse — the full call/transcript provides detail on margin drivers, “in‑line” product trends and assumptions behind guidance; investors should read management’s color on AI customer wins and cadence. Q4 2025 Earnings Call Transcript
• Negative Sentiment: Legal/investigations headlines — two law firms have posted investor alerts encouraging shareholder contact, which can create headline risk even if currently procedural. Morris Kandinov LLP investor alert
• Negative Sentiment: Insider selling — CTO Artur Bergman sold 20,000 shares (small relative to total holdings); while common, insider sales can be noticed by investors during volatile moves. SEC Form 4 – Artur Bergman
• Negative Sentiment: Some analysts remain cautious — at least one shop trimmed its price target before the print, underscoring lingering valuation and execution concerns despite the beat. Price target lowered at DA Davidson

Institutional Investors Weigh In On Fastly

Several hedge funds have recently modified their holdings of the stock. Quarry LP purchased a new position in Fastly in the 3rd quarter worth approximately $49,000. Advisors Asset Management Inc. acquired a new position in shares of Fastly during the fourth quarter worth $83,000. Geneos Wealth Management Inc. purchased a new position in shares of Fastly in the first quarter valued at $52,000. Oxford Asset Management LLP acquired a new stake in Fastly during the 2nd quarter valued at $83,000. Finally, Parallax Volatility Advisers L.P. increased its stake in Fastly by 13.8% during the 3rd quarter. Parallax Volatility Advisers L.P. now owns 12,095 shares of the company’s stock worth $103,000 after buying an additional 1,465 shares during the period. 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.