Compared to Estimates, Fastly (FSLY) Q2 Earnings: A Look at Key Metrics
While the top- and bottom-line numbers for Fastly (FSLY) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Fastly: Less Demand, More Competition
Fastly's stock dropped sharply after the company lowered guidance for the remainder of 2024. The company attributed this to macro headwinds, with some larger customers looking to cut costs in the face of weaker traffic growth. Growth amongst Fastly's smaller customers is helping to offset this somewhat but there is little for investors to get excited about at the moment.
Fastly Stock Tanks After Guidance Cut. Why Analysts Are Downbeat.
Fastly stock tumbled on Thursday after the cloud-computing company slashed its end-of-year guidance.
Fastly, Inc. (FSLY) Q2 2024 Earnings Call Transcript
Fastly, Inc. (NYSE:FSLY ) Q2 2024 Earnings Conference Call August 7, 2024 4:30 PM ET Company Participants Vernon Essi - Investor Relations Todd Nightingale - Chief Executive Officer & Director Ronald Kisling - Chief Financial Officer Conference Call Participants Jonathan Ho - William Blair Fatima Boolani - Citi Frank Louthan - Raymond James Sanjit Singh - Morgan Stanley Will Power - Baird Jeff Van Rhee - Craig-Hallum Madeline Brooks - Bank of America Merrill Lynch Rudy Kessinger - D.A. Davidson & Co. Tom Blakey - KeyBanc Capital Markets Operator Thank you for standing by.
Fastly (FSLY) Reports Q2 Loss, Tops Revenue Estimates
Fastly (FSLY) came out with a quarterly loss of $0.07 per share versus the Zacks Consensus Estimate of a loss of $0.08. This compares to loss of $0.04 per share a year ago.
Seeking Clues to Fastly (FSLY) Q2 Earnings? A Peek Into Wall Street Projections for Key Metrics
Evaluate the expected performance of Fastly (FSLY) for the quarter ended June 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Wall Street Analysts Predict a 59.9% Upside in Fastly (FSLY): Here's What You Should Know
The consensus price target hints at a 59.9% upside potential for Fastly (FSLY). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
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Shareholders of Fastly, Inc. Should Contact Levi & Korsinsky Before July 23, 2024 to Discuss Your Rights - FSLY
NEW YORK, NY / ACCESSWIRE / July 23, 2024 / If you suffered a loss on your Fastly, Inc. (NYSE:FSLY) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: Click Here or contact Joseph E. Levi, Esq.
FSLY Investors Have The Opportunity To Lead Fastly Inc Securities Fraud Lawsuit With The Schall Law Firm
LOS ANGELES, CA / ACCESSWIRE / July 23, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Fastly, Inc. ("Fastly" or "the Company") (NYSE:FSLY) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between February 15, 2024 and May 1, 2024, inclusive (the "Class Period"), are encouraged to contact the firm before July 23, 2024.
Fastly, Inc. Securities Fraud Class Action Lawsuit Pending: Contact Levi & Korsinsky Before July 23, 2024 to Discuss Your Rights – FSLY
NEW YORK, NY / ACCESSWIRE / July 23, 2024 / If you suffered a loss on your Fastly, Inc. (NYSE:FSLY) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: Click Here or contact Joseph E. Levi, Esq.
