Fastly, Inc. Class A (FSLY)

Fastly's stock has been impacted by Q3 and Q2 2025 earnings reports, analyst ratings and price target adjustments, a convertible notes offering, insider transactions, and overall stock performance. In Q3 2025, Fastly surpassed revenue expectations with 15.3% year-over-year growth. Oppenheimer initiated coverage with a "Perform" recommendation, and Keybanc upgraded Fastly. Fastly priced a $160 million convertible notes offering in December 2025. CTO Artur Bergman sold 20,000 shares in January 2026. Fastly's stock has shown volatility and underperformed the US IT industry and broader market over the past year.

Fastly's revenue model is usage-based, making it susceptible to volatility as revenue scales with customer activity. While specific seasonal demand patterns are not detailed, its exposure to startups and consumption-based model make it vulnerable during economic downturns. Analysts predict a deceleration in revenue growth and a fall in cash conversion, indicating potential demand headwinds. Investment needs can also be seasonal, causing temporary swings in cash flow.

Fastly, Inc. operates as an edge cloud platform, processing, securing, and delivering web content to enable faster digital experiences. Its major products and services include Network Services (CDN) for optimizing web traffic delivery, Security Solutions like WAF and DDoS mitigation, Edge Compute (Compute@Edge) for serverless computing, Video/Streaming Solutions for live and on-demand video, and Observability tools for real-time visibility into traffic and performance.

Fastly's network spans major metropolitan areas across North America, Europe, Asia, and Australia. The company employs fewer, high-capacity Points of Presence (PoPs) in strategic, network-dense data centers to allow for deeper programmability and more complex logic to run at the edge. Specific locations with Fastly PoPs or planned upgrades/new PoPs include Ashburn, Atlanta, Boston, Chicago, Dallas, Los Angeles, Miami, New York, San Jose, Seattle, São Paulo, Sydney, Tokyo, Singapore, Mumbai, and New Delhi, among many others globally.

Fastly has a brand reputation centered on empowering developers to build a faster, more secure internet, emphasizing trustworthiness, transparency, and integrity. Recent recognitions include being recognized as a Customers' Choice for Web Application and API Protection, named a Leader in the IDC MarketScape: Worldwide Edge Delivery Services 2024, and winning a 2025 DEVIES Award for Fastly Bot Management. The launch of Fastly DDoS Protection and Fastly AI Accelerator enhances its reputation for innovation and security. However, a class action lawsuit filed in May 2025 could negatively impact its reputation.

Fastly, Inc. is primarily controlled by institutional investors, holding approximately 68% to 70.53% of the company's stock. As of February 5, 2026, there were 393 institutional owners holding 116,444,299 shares. Major institutional owners include Vanguard Group Inc., BlackRock, Inc., and Legal & General Group Plc. Co-founder Artur Bergman is also a significant individual shareholder, holding 7.49% of the company's shares as of November 2025.