Fastly, Inc. (NYSE:FSLY) is expected to report third quarter earnings results, after market close, on Wednesday 28th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter revenue of $ 73.57 million.
Looking ahead, the full year loss are expected at $ 0.04 per share on the revenues of $ 295.06 million.
The Company Outlook
Earnings for 3Q20 are anticipated in a range of $ -0.01 ~ $ -0.01 per share, while revenues are expected in a range of $ 73.50 million ~ $ 75.50 million
Full Year 2020 topline are forecasted in a range of$ 290.00 million ~ $ 300.00 million, where as bottomline are predicted in a range of $ -0.06 ~ $ -0.01 per share
Click Here For More Historical Outlooks Of Fastly, Inc.
Previous Quarter Performance
Fastly, Inc. unwinded income for the second quarter of $ 0.02 per share, from the revenue of $ 74.66 million. According to street consensus, FSLY was expected to report 2Q20 loss of $ 0.01 per share from revenue of $ 71.40 million. The bottom line results beat street analysts by $ 0.03 or 300.00 percent, at the same time, top line results outshined analysts by $ 3.26 million or 4.57 percent.
Stock Performance
Shares of Fastly, Inc. traded up $ 0.44 or 0.59 percent on Tuesday, reaching $ 74.46 with volume of 8.47 million shares. Fastly, Inc. has traded high as $ 77.19 and has cracked $ 73.77 on the downward trend
According to the previous trading day, closing price of $ 74.46, representing a 596.33 % increase from the 52 week low of $ 10.63 and a 45.77 % decrease over the 52 week high of $ 136.50.
The company has a market capital of $ 8.31 billion and is part of the Technology sector and Software – Application industry.
Recent Analyst recommendations
- On 15th October 2020, downgraded by Robert W. Baird to Neutral from Outperform rating.
- On 15th October 2020, downgraded by Stifel Nicolaus to Hold from Buy rating.
- On 15th October 2020, maintained by Credit Suisse Group at Outperform rating, with $ 100.00 target price.
Conference Call
Fastly, Inc. will be hosting a conference call at 5:00 PM eastern time on 28th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.fastly.com
Fastly Inc. operates an edge cloud platform for processing, serving, and securing its customers applications. The edge cloud is a category of Infrastructure as a Service that enables developers to build, secure, and deliver digital experiences at the edge of the Internet.
