Fastly (FSLY)
Accelerates content, runs edge code, and protects web applications and APIs.
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Provides programmable edge infrastructure for content delivery, serverless compute, web and API security, and real-time observability. Revenue is primarily usage-based, led by Network Services, and depends on traffic from a concentrated group of large customers.
Runs a programmable edge cloud that helps organizations deliver, secure, and execute software near end users. Network Services covers delivery, streaming, image optimization, load balancing, and object storage; Security protects web applications and APIs; Other combines serverless Compute with real-time Observability. Its global network gives developers programmatic control, rapid cache purging, and real-time visibility.
Earns most revenue from platform usage, while security products are primarily annual subscriptions. Customers include ecommerce, media, gaming, publishing, technology, and financial services, with most revenue billed to U.S. addresses. Network Services remains the largest product line. Revenue depends on a concentrated set of large customers, and service continuity depends on network hardware, colocation facilities, bandwidth providers, and cloud services.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 18, 2026 | KeyBanc | Reiterate | Rating: —Target: $27 | Target: $30 |
| Aug 6, 2026 | Piper Sandler | Reiterate | Rating: —Target: $27 | Target: $28 |
| Aug 6, 2026 | Raymond James | Reiterate | Rating: —Target: $23 | Target: $29 |
| May 8, 2026 | Raymond James | Target | Target: $25 | Target: $23 |
| May 7, 2026 | RBC Capital | Reiterate | Rating: —Target: $20 | Target: $18 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $337.5M · Total debt $398.3M · Total assets $1.50B · Shareholders' equity $990.8M
- Revenue
- $183.3M
- Operating income
- −$14.4M
- Net income
- −$15.6M
No dividends on record.
| Institutions | 95.63% | 149.67M shares | |
|---|---|---|---|
| 318 holders · as of Jun 30, 2026 | |||
| Insiders | 2.77% | 4.33M shares | |
| 11 holders · as of Sep 21, 2026 | |||
| Other | 1.60% | 2.50M shares | |
| remainder | |||
156.50M company shares as of Sep 1, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 9.73% | 15.22M | as of Jun 30, 2026 |
FMR LLCInstitution | 7.60% | 11.89M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 6.27% | 9.81M | as of Jun 30, 2026 |
Capital World InvestorsInstitution | 5.26% | 8.23M | as of Jun 30, 2026 |
First Trust Advisors LPInstitution | 4.91% | 7.68M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 17, 2026 | Artur Bergman | director, officer: Chief Technology Officer | −2,200 | $25.30 |
| Sep 17, 2026 | Jeffrey Ford | officer: Principal Accounting Officer | −45,832 | $24.65 |
| Sep 17, 2026 | Scott R. Lovett | officer: President, Go to Market | −41,815 | $24.64 |
| Sep 16, 2026 | Scott R. Lovett | officer: President, Go to Market | −34,820 | $23.85 |
| Sep 16, 2026 | Jeffrey Ford | officer: Principal Accounting Officer | −37,091 | $23.84 |
- Cloudflare
Primary edge-cloud rival across delivery, security, and serverless compute
- Akamai Technologies
Largest CDN by capacity; head-to-head in delivery and enterprise security
- Amazon
AWS CloudFront bundles CDN and edge compute against the delivery base
- Alphabet Class A
Google Cloud CDN and Media CDN contest delivery and the media base
- F5
WAAP and app-security overlap on the fastest-growing security pillar
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Fastly | $25.98 | −5.27% | $4.29B | — | 50.8 | 6.2 | +23.3% |
| Cloudflare | $354.95 | +0.93% | $124.85B | — | 239.2 | 49.7 | +35.9% |
| Akamai Technologies | $118.22 | +0.69% | $17.07B | 42.2 | 17.2 | 3.9 | +5.4% |
| Amazon | $255.26 | −1.24% | $2.78T | 20.8 | 27.3 | 3.6 | +19.6% |
| Alphabet Class A | $353.42 | −0.44% | $4.30T | 17.8 | 26.3 | 9.6 | +24.2% |
| F5 | $451.04 | +0.21% | $25.39B | 35.9 | 26.0 | 7.7 | +10.9% |
| Median | 28.3 | 26.3 | 7.7 | +19.6% |