FSLY Stock Analysis: Fastly, Common Stock | NYSE
Software - Application | NYSE, USA | Market Cap: 2.563m USD | 12M Return: 160.1% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 117M
Qual. Beats: 2
Rev. Trend: 98.2%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 7.1 years of data
Average return per month, with how dependable it is below — did the month move the same way every year (high) or randomly (low). Above 60 is a pattern worth trusting; under 40 is noise.
Fastly, Inc. (NYSE: FSLY) operates an edge cloud platform that helps customers process, serve, and secure their digital applications and content. The company sells its services to organizations across ecommerce, streaming media, gaming, digital publishing, high tech, and financial services, with operations in the United States, Asia Pacific, Europe, and other international markets. Headquartered in San Francisco, California, Fastly was incorporated in 2011 and was previously known as SkyCache, Inc. before adopting its current name in May 2012.
Fastlys edge cloud platform is a category of Infrastructure as a Service (IaaS) that enables developers to build, secure, and deliver digital experiences at the edge of the internet, meaning processing data closer to end users to reduce latency and improve performance. Its product lineup spans network and content delivery services, live and on-demand video/streaming solutions, security offerings (including DDoS protection, next-generation WAF, bot management, and API protection), load balancing, image optimization, and professional services such as managed CDN and support plans.
Fastly is classified within the GICS Information Technology sector under the Internet Services & Infrastructure sub-industry, and went public in April 2019.
- Enterprise customer concentration risk as top accounts churn
- Security solutions revenue growth accelerates beyond legacy CDN
- Cloudflare competition pressures edge cloud pricing and margins
| Net Income: -103.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA 4.55 > 1.0 |
| NWC/Revenue: 50.06% < 20% (prev 27.35%; Δ 22.71% < -1%) |
| CFO/TA 0.07 > 3% & CFO 105.5m > Net Income -103.1m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 3.00 > 1.5 & < 3 |
| Outstanding Shares: last quarter (153.6m) vs 12m ago 7.19% < -2% |
| Gross Margin: 58.66% > 18% (prev 54.00%; Δ 4.66% > 0.5%) |
| Asset Turnover: 44.05% > 50% (prev 38.27%; Δ 5.78% > 0%) |
| Interest Coverage Ratio: -7.21 > 6 (EBIT TTM -92.6m / Interest Expense TTM 12.8m) |
| A: 0.22 (Total Current Assets 490.1m - Total Current Liabilities 163.4m) / Total Assets 1.51b |
| B: -0.75 (Retained Earnings -1.14b / Total Assets 1.51b) |
| C: -0.06 (EBIT TTM -92.6m / Avg Total Assets 1.48b) |
| D: 1.82 (Book Value of Equity 977.1m / Total Liabilities 536.4m) |
| Altman-Z'' = 0.46 = B |
| DSRI: 0.93 (Receivables 130.0m/119.0m, Revenue 652.6m/554.6m) |
| GMI: 0.92 (GM 54.00% / 58.66%) |
| AQI: 0.94 (AQ_t 0.50 / AQ_t-1 0.53) |
| SGI: 1.18 (Revenue 652.6m / 554.6m) |
| TATA: -0.14 (NI -103.1m - CFO 105.5m) / TA 1.51b) |
| Beneish M = -3.08 (Cap -4..+1) = AA |
As of July 01, 2026, the stock is trading at USD 18.36 with a total of 3,757,328 shares traded. Over the past week, the price has changed by +10.20%, over one month by -3.77%, over three months by -36.82% and over the past year by +160.06%.
Current recommended Stop Loss: 16.00 (which is 12.9% or 1.6 ATR below the current price).
Fastly, Common Stock has received a consensus analysts rating of 2.90. Therefore, it is recommended to hold FSLY.
- StrongBuy: 0
- Buy: 0
- Hold: 9
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 24.1 | 31.3% |
P/E Forward = 49.7512
P/S = 3.9283
P/B = 2.6234
Revenue TTM = 652.6m USD
EBIT TTM = -92.6m USD
EBITDA TTM = -1.35m USD
Long Term Debt = 323.6m USD (from longTermDebt, last quarter)
Short Term Debt = 28.1m USD (from shortTermDebt, last quarter)
Debt = 471.9m USD (from shortLongTermDebtTotal, last quarter) + Leases 74.1m
Net Debt = 141.4m USD (calculated: Debt 471.9m - CCE 330.5m)
Enterprise Value = 2.70b USD (2.56b + Debt 471.9m - CCE 330.5m)
Interest Coverage Ratio = -7.21 (Ebit TTM -92.6m / Interest Expense TTM 12.8m)
EV/FCF = 49.42x (Enterprise Value 2.70b / FCF TTM 54.7m)
FCF Yield = 2.02% (FCF TTM 54.7m / Enterprise Value 2.70b)
FCF Margin = 8.39% (FCF TTM 54.7m / Revenue TTM 652.6m)
Net Margin = -15.79% (Net Income TTM -103.1m / Revenue TTM 652.6m)
Gross Margin = 58.66% ((Revenue TTM 652.6m - Cost of Revenue TTM 269.8m) / Revenue TTM)
Gross Margin QoQ = 62.52% (prev 61.39%)
Tobins Q-Ratio = 1.79 (Enterprise Value 2.70b / Total Assets 1.51b)
Interest Expense / Debt = 2.72% (Interest Expense 12.8m / Debt 471.9m)
Taxrate = 21.0% (US federal default 21%)
NOPAT = -73.1m (EBIT -92.6m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 3.00 (Total Current Assets 490.1m / Total Current Liabilities 163.4m)
Debt / Equity = 0.48 (Debt 471.9m / totalStockholderEquity, last quarter 977.1m)
Debt / EBITDA = -104.9 (out of range, set to none) (Net Debt 141.4m / EBITDA -1.35m)
Debt / FCF = 2.58 (Net Debt 141.4m / FCF TTM 54.7m)
Total Stockholder Equity = 946.6m (last 4 quarters mean from totalStockholderEquity)
RoA = -6.96% (Net Income -103.1m / Total Assets 1.51b)
RoE = -10.89% (Net Income TTM -103.1m / Total Stockholder Equity 946.6m)
RoCE = -7.29% (EBIT -92.6m / Capital Employed (Equity 946.6m + L.T.Debt 323.6m))
RoIC = -5.43% (negative operating profit) (NOPAT -73.1m / Invested Capital 1.35b)
WACC = 9.38% (E(2.56b)/V(3.04b) * Re(10.71%) + D(471.9m)/V(3.04b) * Rd(2.72%) * (1-Tc(0.21)))
Discount Rate = 10.71% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 100.00 | Cagr: 7.02%
[DCF] Terminal Value 71.91% ; FCFF base≈54.7m ; Y1≈55.0m ; Y5≈58.2m
[DCF] Fair Price = 4.02 (EV 770.5m - Net Debt 141.4m = Equity 629.1m / Shares 156.5m; r=9.38% [WACC]; 5y FCF grow 0.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 1.22 | # QB: 2
Revenue Correlation: 98.19 | Revenue CAGR: 11.14% | SUE: 0.31 | # QB: 0
EPS next Quarter (2026-09-30): EPS=0.06 | Chg30d=+10.00% | Revisions=+0% | Analysts=11
EPS current Year (2026-12-31): EPS=0.32 | Chg30d=+0.00% | Revisions=+67% | GrowthEPS=+149.9% | GrowthRev=+15.2%
EPS next Year (2027-12-31): EPS=0.39 | Chg30d=+0.00% | Revisions=+40% | GrowthEPS=+21.4% | GrowthRev=+11.4%
[Analyst] Revisions Ratio: +67%