Fastly, Inc. (FSLY, Financial) saw a significant stock price increase of 5.12%, trading at $8.00 per share with a volume of 2.18 million shares and a turnover rate of 1.56%. The stock's amplitude reached 5.65%. Recent financial reports show Fastly generated $137 million in revenue, but reported a net loss of $38.02 million, translating to an earnings per share of -$0.27. The gross profit stood at $69.94 million, with a price-to-earnings ratio of -7.40.
In terms of institutional ratings, out of 13 firms, 85% recommend holding the stock while 15% suggest selling. Notably, no institutions have given a buy recommendation. Within the software services industry, where Fastly operates, the overall growth was 0.64%. Related stocks, such as Palladyne Ai Corp C/Wts 24/09/2026 and Hub Cyber Security Ltd C/Wts 22/08/2025, showed significant gains, while Jet.AI and Wellchange Holdings Company Limited were notably active with high turnover rates.
Fastly operates a content delivery network (CDN) that enhances the speed and reliability of online content. Unlike traditional CDNs, which focus on deploying servers in numerous locations, Fastly places its servers in densely networked data centers, allowing for edge computing and better service for dynamic content. The company targets large, complex enterprises, generating nearly three-quarters of its revenue from the U.S. in 2023.
