FSLY Stock Summary and Trading Ideas (Fastly Class A | NYSE:FSLY)

Fastly operates a content delivery network, which is necessary for entities to provide faster and more reliable online content. Fastly's strategy differs from traditional CDNs, which focus on locating servers in as many locations as possible to store copies of files that consumers most use. Fastly is in far fewer sites than traditional CDNs, but it houses servers in the most network-dense data centers. Instead of simply storing static content, it allows its customers to program on its platform, enabling edge computing and better service of the more dynamic content that was traditionally not well served by CDNs. Fastly gears its service to the largest, most sophisticated enterprises rather than small companies and generated nearly three fourths of its revenue in the United States in 2023.

Fastly Class A trades on the NYSE stock market under the symbol FSLY.

As of November 22, 2024, FSLY stock price climbed to $7.89 with 4,158,624 million shares trading.

FSLY has a beta of 2.84, meaning it tends to be more sensitive to market movements. FSLY has a correlation of 0.17 to the broad based SPY ETF.

FSLY has a market cap of $1.11 billion. This is considered a Small Cap stock.

Last quarter Fastly Class A reported $137 million in Revenue and $.02 earnings per share. This beat revenue expectation by $5 million and exceeded earnings estimates by $.08.

In the last 3 years, FSLY traded as high as $44.08 and as low as $5.52.

The top ETF exchange traded funds that FSLY belongs to (by Net Assets): HACK, VTI, IWM, VB, VGT.

FSLY has underperformed the market in the last year with a return of -55.6%, while SPY returned +32.4%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in FSLY shares. However, FSLY has outperformed the market in the last 3 month and 2 week periods, returning +26.6% and +2.9%, while SPY returned +7.4% and -0.4%, respectively. This indicates FSLY has been having a stronger performance recently.

FSLY support price is $7.25 and resistance is $7.97 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FSLY shares will trade within this expected range on the day.