Fastly Stock Price, News & Analysis

Fastly (NYSE: FSLY) announced the beta release of the Signal Sciences agent on its edge cloud platform, enhancing security for apps and APIs across various environments. This integration allows real-time tracking and blocking of suspicious requests, significantly improving detection capabilities. The next-gen WAF aims to reduce false positives and support a multi-layer defense strategy against DDoS and web application attacks. Availability for production is expected by year-end. Fastly’s technology empowers organizations to bolster their security posture effectively.

Fastly (NYSE: FSLY) has launched JavaScript support in its Compute@Edge platform, enhancing flexibility for developers in a serverless environment. With the growing prevalence of JavaScript, this offering promises faster execution and improved security benefits over competitors. The architecture is designed to eliminate cold start delays, achieving 100x faster startup times compared to other solutions. Fastly’s unique isolation technology ensures a secure environment for JavaScript applications, addressing key concerns for modern web developers.

Fastly, Inc. (NYSE: FSLY) has converted all outstanding Class B common stock into Class A common stock on a one-for-one basis as of July 12, 2021, effective at 5:00 p.m. ET. This automatic conversion was triggered because the Class B common stock represented less than 10% of the total shares. The change harmonizes voting powers across the two classes, eliminating differences. Following this shift, approximately 116,593,020 shares of Class A common stock are now outstanding, maintaining the same CUSIP number. This conversion is not expected to materially affect future operations.

Fastly (NYSE: FSLY) has appointed Paula Loop and Charles Meyers to its Board of Directors as of July 8, 2021. Loop, previously an assurance partner at PwC, brings extensive experience in corporate governance, while Meyers serves as the President and CEO of Equinix, enhancing the board's expertise in technology and digital infrastructure. The additions increase Fastly’s board to nine members, aimed at advancing the company's vision of integrating edge computing with security. Both directors expressed enthusiasm about contributing to Fastly's growth and digital transformation strategy.

Fastly, Inc. (NYSE: FSLY) released research with Enterprise Strategy Group revealing the urgent need for modern security solutions in a rapidly evolving digital landscape. The study highlights that organizations use an average of 11 security tools, spending nearly $3 million annually, yet face challenges with ineffective traditional tools that impede growth and generate false positives. Nearly half of security alerts are false, causing unnecessary downtime. Despite the anticipated rise in API use, many organizations struggle to maintain adequate security across their new architectures.

Fastly (NYSE: FSLY) is set to release its second quarter 2021 financial results on August 4, 2021, post-market close. A press release will notify stakeholders once the quarterly shareholder letter is available on the Investor Relations website. Following the results, a conference call will occur at 2:00 p.m. PT/5:00 p.m. ET, accessible via designated phone lines and a live webcast. Fastly's edge cloud platform aims to enhance digital experiences by processing and securing applications close to end-users, serving notable clients like Pinterest and The New York Times.

Fastly, Inc. (NYSE: FSLY) has appointed Ronald W. "Ron" Kisling as Chief Financial Officer, succeeding Adriel Lares who steps down after five years. Kisling, who will start in August 2021, has extensive experience, having previously served as CFO at Fitbit and held various roles in multiple tech companies. His expertise in managing finance in high-growth environments is expected to positively impact Fastly's ongoing growth and scalability. CEO Joshua Bixby expressed confidence in Kisling's leadership, as Fastly aims to capitalize on opportunities in the digital transformation landscape.

Fastly, a leading provider of edge cloud services, announced its participation in the 16th Annual Needham Virtual Technology & Media Conference. CEO Joshua Bixby and CFO Adriel Lares will present on May 17, 2021, at 11:15 a.m. PT / 2:15 p.m. ET. Interested parties can access the live webcast on Fastly's Investor Relations website. Fastly's edge cloud platform supports quick, secure, and reliable digital experiences by serving applications close to end-users, boasting a client list that includes well-known names like Pinterest and The New York Times.

Fastly (NYSE: FSLY) announced that Chief Financial Officer Adriel Lares will resign after five years, with a transition period to assist in finding a successor. Lares has been credited for his contributions during a significant growth phase, including the successful IPO. The company emphasized its strong growth potential and plans to search externally for a new CFO. Additionally, Fastly disclosed that they will discuss their first quarter 2021 financial results in an upcoming conference call.