We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Fastly (FSLY) Stock Moves -1.01%: What You Should Know
Read MoreHide Full Article
The latest trading session saw Fastly (FSLY - Free Report) ending at $14.66, denoting a -1.01% adjustment from its last day's close. The stock exceeded the S&P 500, which registered a loss of 1.26% for the day. At the same time, the Dow lost 0.86%, and the tech-heavy Nasdaq lost 1.54%.
The cloud software developer's shares have seen a decrease of 18.58% over the last month, not keeping up with the Computer and Technology sector's loss of 2.39% and the S&P 500's loss of 3.67%.
The investment community will be closely monitoring the performance of Fastly in its forthcoming earnings report. The company is scheduled to release its earnings on November 1, 2023. On that day, Fastly is projected to report earnings of -$0.07 per share, which would represent year-over-year growth of 50%. Simultaneously, our latest consensus estimate expects the revenue to be $126.21 million, showing a 16.33% escalation compared to the year-ago quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$0.23 per share and revenue of $506.42 million, indicating changes of +61.02% and +17.03%, respectively, compared to the previous year.
Investors should also take note of any recent adjustments to analyst estimates for Fastly. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.11% upward. Fastly currently has a Zacks Rank of #2 (Buy).
The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 69, this industry ranks in the top 28% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Fastly (FSLY) Stock Moves -1.01%: What You Should Know
The latest trading session saw Fastly (FSLY - Free Report) ending at $14.66, denoting a -1.01% adjustment from its last day's close. The stock exceeded the S&P 500, which registered a loss of 1.26% for the day. At the same time, the Dow lost 0.86%, and the tech-heavy Nasdaq lost 1.54%.
The cloud software developer's shares have seen a decrease of 18.58% over the last month, not keeping up with the Computer and Technology sector's loss of 2.39% and the S&P 500's loss of 3.67%.
The investment community will be closely monitoring the performance of Fastly in its forthcoming earnings report. The company is scheduled to release its earnings on November 1, 2023. On that day, Fastly is projected to report earnings of -$0.07 per share, which would represent year-over-year growth of 50%. Simultaneously, our latest consensus estimate expects the revenue to be $126.21 million, showing a 16.33% escalation compared to the year-ago quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$0.23 per share and revenue of $506.42 million, indicating changes of +61.02% and +17.03%, respectively, compared to the previous year.
Investors should also take note of any recent adjustments to analyst estimates for Fastly. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.11% upward. Fastly currently has a Zacks Rank of #2 (Buy).
The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 69, this industry ranks in the top 28% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.