Fastly (NYSE:FSLY) Updates Q3 2026 Earnings Guidance

05 Aug 2026, 22:42 by Tristan Rich · The Markets Daily

Fastly (NYSE:FSLY – Get Free Report) updated its third quarter 2026 earnings guidance on Wednesday. The company provided earnings per share guidance of 0.110-0.130 for the period, compared to the consensus EPS estimate of 0.010. The company issued revenue guidance of $184.0 million-$190.0 million, compared to the consensus revenue estimate of $180.1 million. Fastly also updated its FY 2026 guidance to 0.500-0.540 EPS.

Wall Street Analyst Weigh In

FSLY has been the topic of a number of analyst reports. Craig Hallum cut Fastly from a “buy” rating to a “hold” rating and set a $24.00 price target on the stock. in a research report on Tuesday, April 14th. Royal Bank Of Canada reduced their target price on shares of Fastly to $18.00 and set a “sector perform” rating on the stock in a research note on Thursday, May 7th. Raymond James Financial upgraded shares of Fastly from a “market perform” rating to an “outperform” rating and set a $23.00 target price for the company in a research report on Friday, May 8th. Citigroup lifted their price target on shares of Fastly from $13.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Finally, Evercore began coverage on shares of Fastly in a research note on Tuesday, April 14th. They set an “outperform” rating and a $24.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $23.11.

Get Our Latest Stock Report on FSLY

Fastly Price Performance

Shares of Fastly stock traded up $1.08 during trading on Wednesday, reaching $26.03. The company’s stock had a trading volume of 14,568,708 shares, compared to its average volume of 9,913,310. The stock has a 50-day moving average price of $19.23 and a two-hundred day moving average price of $19.78. The stock has a market capitalization of $4.07 billion, a P/E ratio of -27.11 and a beta of 0.34. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16. Fastly has a one year low of $6.31 and a one year high of $34.82.

Insider Activity at Fastly

In other news, CEO Charles Lacey Compton III sold 9,313 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $20.79, for a total transaction of $193,617.27. Following the transaction, the chief executive officer directly owned 1,063,945 shares in the company, valued at approximately $22,119,416.55. This represents a 0.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Scott R. Lovett sold 41,716 shares of the business’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $17.77, for a total transaction of $741,293.32. Following the completion of the transaction, the insider owned 1,392,778 shares of the company’s stock, valued at $24,749,665.06. This trade represents a 2.91% 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 have sold 274,529 shares of company stock worth $4,761,780. 4.20% of the stock is owned by insiders.

Hedge Funds Weigh In On Fastly

Large investors have recently made changes to their positions in the company. Amundi increased its position in Fastly by 11.3% in the first quarter. Amundi now owns 46,624 shares of the company’s stock worth $277,000 after purchasing an additional 4,724 shares during the period. AQR Capital Management LLC acquired a new position in Fastly during the 1st quarter valued at about $837,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Fastly by 1.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 466,042 shares of the company’s stock valued at $2,950,000 after purchasing an additional 6,247 shares during the period. Jones Financial Companies Lllp boosted its stake in shares of Fastly by 963.6% in the 1st quarter. Jones Financial Companies Lllp now owns 60,838 shares of the company’s stock valued at $385,000 after purchasing an additional 55,118 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Fastly by 7.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,302,164 shares of the company’s stock valued at $14,573,000 after purchasing an additional 165,937 shares during the last quarter. Institutional investors and hedge funds own 79.71% of the company’s stock.

Fastly Company Profile

(Get Free Report)

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.