Craig-Hallum Downgrades Fastly Inc. (FSLY) to Hold, 'Mixed Quarter And Outlook Driven By International Weakness'

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Go back to Craig-Hallum Downgrades Fastly Inc. (FSLY) to Hold, 'Mixed Quarter And Outlook Driven By International Weakness'

Fastly Announces Fourth Quarter and Full Year 2023 Financial Results

February 14, 2024 4:05 PM EST

Company reports record fourth quarter revenue of $137.8 million

SAN FRANCISCO--(BUSINESS WIRE)-- Fastly, Inc. (NYSE: FSLY), one of the worlds fastest edge cloud platforms, today announced financial results for its fourth quarter and full year ended December 31, 2023.

This quarter demonstrated the progress weve made in operational and financial rigor resulting in strong gross margins and non-GAAP net income, said Todd Nightingale, CEO of Fastly.

Our go-to-market, packaging and channel efforts through 2023 delivered an inflection in our customer acquisition as we closed out the year, continued Nightingale.... More