Fastly (FSLY) came out with quarterly earnings of $0.02 per share, beating the Zacks Consensus Estimate of a loss of $0.06 per share. This compares to loss of $0.06 per share a year ago.
Evaluate the expected performance of Fastly (FSLY) for the quarter ended September 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Fastly (FSLY) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Fastly, Inc. (FSLY, Financial) witnessed a significant stock price increase of 5.01%, bringing the share price to $7.54 with a trading volume of 1.344 million shares and a turnover rate of 0.97%. The stock demonstrated a price fluctuation of 5.26% during this period.
One pundit believes that while the company certainly has potential, it might take more than a few quarters to realize.
The Zacks Earnings ESP is a great way to find potential earnings surprises. Why investors should take advantage now.
FSLY shares are buoyed by top-line revenue growth expectations, edge cloud innovation and solid go-to-market transformation.
The heavy selling pressure might have exhausted for Fastly (FSLY) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
Fastly (NASDAQ: FSLY) stock price has become a fallen angel after dropping to a record low. It was trading at $5.67 on Monday, a big drop from its 2020 high of $136.
The heavy selling pressure might have exhausted for Fastly (FSLY) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
Fastly (NYSE: FSLY ) stock is sliding lower on Thursday after the company released its most recent earnings report. The second quarter of 2024 earnings report starts with an adjusted EPS of -7 cents.
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.