Fastly, Inc. Class A (FSLY)

Fastly's stock has been volatile. From May 9, 2025, to May 8, 2026, the share price increased by 166.99%. The stock rose approximately 270% in the three months leading up to Q1 2026 earnings, driven by AI hype. However, on May 7, 2026, the stock fell sharply by 39.4% despite strong Q1 2026 results, as investor expectations were not fully met. In November 2025, Fastly announced its transfer to the Nasdaq Global Select Market, commencing trading in December 2025.

Fastly experiences some demand seasonality, with Q1 typically showing flat revenue seasonality. This was amplified in 2026 by a strong Q4 in the previous year. The company is seeing increased demand for its compute offering, driven by edge workloads and AI use cases.

Fastly, Inc. is a cloud computing company providing an edge cloud platform for delivering, securing, and optimizing digital experiences. Its services include content delivery network (CDN) services for fast, personalized experiences, cloud security services such as DDoS protection and web application firewall (WAF), edge compute (serverless computing) environment, image optimization and load balancing, video and live media streaming support, and observability capabilities.

Fastly has a global presence with 167 Points of Presence (PoPs) and a total edge network capacity of 578 terabits per second (Tbps) as of March 31, 2026. The company has expanded its PoPs in major hubs like London, Tokyo, and Frankfurt. In 2019, 29% of Fastly's revenue came from customers outside the United States.

Fastly has received positive recognition for its platform and services, including being named a Leader in The Forrester Wave™: Edge Development Platforms, Q1 2026 Report, and recognized as a Customers' Choice for Web Application and API Protection. It was also named a Leader in the IDC MarketScape: Worldwide Edge Delivery Services 2024. Despite strong Q1 2026 results, a stock drop occurred due to high investor expectations.

Institutional investors primarily influence Fastly's ownership structure, holding approximately 68% of shares as of July 2025. As of May 8, 2026, 304 institutional owners held 133,197,710 shares. Major shareholders include The Vanguard Group, Inc., BlackRock, Inc., and Morgan Stanley. Insider ownership is around 8.35%. There has been significant insider selling of approximately $39.6 million worth of shares over the past three months.