Fastly, Inc. (FSLY) Tops Q4 EPS by 4c, offers guidance

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Go back to Fastly, Inc. (FSLY) Tops Q4 EPS by 4c, offers guidance

Fastly Inc. (FSLY) PT Raised to $24 at DA Davidson, 'We're Buyers On Weakness'

February 15, 2024 4:09 AM EST

DA Davidson analyst Rudy Kessinger raised the price target on Fastly Inc. (NYSE: FSLY) to $24.00 (from $22.00) while maintaining a Buy rating.

The analyst comments "Shares tumbled 22% AH as Q4 Rev was $2M below cons. due to weaker than expected intl. traffic & the CY24... More

Fastly (FSLY) nosedives 20% as guidance falls short of analysts' estimates

February 14, 2024 4:52 PM EST

Fastly (NYSE: FSLY) shares crashed around 20% in after-hours trading Wednesday after the company issued disappointing earnings guidance for the fiscal Q1 2024.

For FQ4 2023, the cloud computing services provider posted earnings per share (EPS) of $0.01, while analysts expected loss per share of $0.03. Revenue came in at $137.77 million in the quarter, missing the... More