Fastly (NYSE:FSLY) Issues Q1 Earnings Guidance
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.
Further Reading: Differences Between Momentum Investing and Long Term Investing
Receive News & Ratings for Fastly Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fastly and related companies with MarketBeat.com's FREE daily email newsletter.