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.
Recent financial reports show that Fastly achieved an operating revenue of $132 million and a net loss of $43.73 million, translating to an earnings per share (EPS) of -$0.32. The company's gross profit amounted to $68.40 million, and it holds a price-to-earnings ratio of -6.12.
Among 13 rating institutions, 8% recommend buying the stock, 85% advise holding, and 7% suggest selling. The software services sector, which includes Fastly, saw an overall increase of 0.17%. Comparative stocks like Agora (API), Surgepays Inc (SURG), and Huachuang Securities experienced notable gains, while Microalgo Inc (MLGO), Treasure Global Inc. (TGL), and Agora showed high trading activity with turnover rates of 194.71%, 124.94%, and 80.98% respectively. Stocks with significant volatility included Surgepays Inc, Agora, and Banzai International Inc.
Fastly operates a content delivery network (CDN) designed to provide faster and more reliable online content. Unlike traditional CDNs, which deploy servers in numerous locations to store consumer data, Fastly places fewer servers primarily in densely networked data centers. This enables edge computing and better service for dynamic content. Fastly targets large, complex enterprises, and in 2023, nearly three-quarters of its revenue was generated in the United States.
