Fastly (NYSE:FSLY) issued an update on its first quarter earnings guidance on Thursday morning. The company provided EPS guidance of ($0.13) – $0.11) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.11). The company issued revenue guidance of $58-60 million, compared to the consensus revenue estimate of $58.14 million.Fastly also updated its FY 2020
After-Hours guidance to -0.43–0.32 EPS.

FSLY traded down $1.48 on Friday, hitting $23.11. The company had a trading volume of 5,899,138 shares, compared to its average volume of 1,488,882. The company has a market cap of $2.30 billion and a PE ratio of -33.01. Fastly has a 12-month low of $14.12 and a 12-month high of $35.25. The business’s fifty day simple moving average is $22.77 and its 200 day simple moving average is $22.58.

FSLY has been the subject of several recent research reports. Zacks Investment Research lowered Fastly from a buy rating to a hold rating in a research report on Thursday, January 23rd. Piper Sandler lifted their price target on Fastly from to in a research report on Friday. Finally, Piper Jaffray Companies upgraded Fastly from a neutral rating to an overweight rating and set a $24.00 price target for the company in a research report on Thursday, January 2nd. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Fastly presently has an average rating of Buy and an average price target of $25.49.

In other Fastly news, CFO Adriel G. Lares sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $25.01, for a total transaction of $125,050.00. Following the completion of the transaction, the chief financial officer now owns 74,897 shares in the company, valued at $1,873,173.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Adriel G. Lares sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $19.85, for a total value of $79,400.00. Following the transaction, the chief financial officer now owns 73,897 shares of the company’s stock, valued at approximately $1,466,855.45. The disclosure for this sale can be found here. Insiders have sold 425,027 shares of company stock valued at $9,400,158 in the last 90 days.

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Earnings History and Estimates for Fastly (NYSE:FSLY)

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