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Fastly (FSLY) Stock News, Oct 2021-Jan 2022

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Fastly, Inc. reports company news tied to its global edge cloud platform, which combines edge compute, delivery, security, and observability offerings for websites, applications, APIs, and digital media. Recurring updates cover financial results, customer concentration, network services revenue, security revenue, compute and observability activity, and product positioning around performance, latency, and developer experience.

Fastly news also includes partnerships and technology initiatives, such as anti-piracy collaboration for live sports streaming, as well as leadership appointments, equity inducement awards, and market-recognition announcements related to edge development platforms and internet application security.

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Fastly, Inc. (NYSE: FSLY) has launched Fastly Academy, a self-service learning platform aimed at enhancing customer knowledge and skills. This on-demand resource is designed for developers and engineering teams, ensuring faster onboarding and improved efficiency in leveraging Fastly’s products. The Academy provides training for various skill levels, reinforcing Fastly's commitment to user success. Users do not need a Fastly customer account to access the coursework, promoting accessibility to advanced training tools that cater to evolving digital demands.

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Fastly, Inc. (NYSE:FSLY) will announce its financial results for Q4 and full year 2021 on February 16, 2022, after market close. An investor conference call will be held at 2:00 p.m. PT / 5:00 p.m. ET on the same day. This call will provide insights into Fastly's performance, including earnings, revenue, and guidance for future growth. A live webcast can be accessed via their investor relations website.

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Fastly (NYSE: FSLY) has launched the Origin Inspector, enhancing its observability features by providing real-time and historical insight into traffic between customer origins and the edge. This new product allows businesses to monitor origin performance effectively, helping to minimize downtime and improve uptime reliability. Fastly claims that Origin Inspector simplifies data collection and visualization processes, enabling faster decision-making without reliance on third-party data collectors. This tool is particularly beneficial for businesses engaged in high-stakes environments like ecommerce and live streaming.

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Fastly, Inc. (NYSE: FSLY) has appointed Margaret Arakawa as its new Chief Marketing Officer, effective immediately. With over 25 years of experience, Arakawa will drive the company’s marketing strategy and focus on enterprise customer growth and brand awareness for its edge cloud network and software. Prior to Fastly, she served as CMO at Outreach, enhancing their market presence significantly. Fastly aims to leverage her expertise to expand its total addressable market and innovate in modern distributed applications.

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Fastly, Inc. (NYSE: FSLY) announced that CEO Joshua Bixby and CFO Ron Kisling will present at the Raymond James Technology Investors Conference on December 6, 2021, at 9:30 a.m. PT / 12:30 p.m. ET. The presentation will be accessible via webcast on Fastly’s Investor Relations website. Fastly is known for its fast edge cloud network, helping clients like Pinterest, The New York Times, and GitHub to enhance their internet experience. For more details, visit Fastly's website.

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Fastly, Inc. has appointed Lakshmi Sharma as its new Chief Product Officer, effective November 29, 2021. With over 20 years in engineering and product development, Sharma aims to enhance Fastly’s product strategy, focusing on creating modern, secure, and performance-oriented applications for developers. Previously, she led product management efforts at Google Cloud and holds experience in various roles at Cisco and Target. CEO Joshua Bixby expressed confidence in Sharma's ability to drive innovative product roadmaps.

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Fastly, Inc. (NYSE: FSLY), a leader in edge cloud networking, announced participation in upcoming investor conferences. CEO Joshua Bixby and CFO Ron Kisling will engage in fireside chats at:

  • Needham Virtual Security, Networking, and Communications Conference on November 16, 2021, at 11:15 a.m. PT
  • RBC Capital Markets Global Technology, Internet, Media, and Telecom Virtual Conference on November 17, 2021, at 12:20 p.m. PT

Webcasts will be available on Fastly's Investor Relations website.

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Fastly, Inc. (NYSE: FSLY) has appointed Vanessa Smith and Richard Daniels to its board of directors effective November 1, 2021, replacing Kelly Wright and Sunil Dhaliwal, who resigned. Vanessa brings over 20 years of digital technology experience from ServiceNow and SAP, while Richard previously served as CIO of Kaiser Permanente. Both directors are expected to enhance Fastly's leadership in edge computing and security, crucial for the company's growth strategy in digital transformation. Fastly aims to leverage their extensive backgrounds to further accelerate its market position.

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Fastly, Inc. (NYSE: FSLY) reported third-quarter 2021 revenues of $87M, marking a 23% year-over-year increase. CEO Joshua Bixby noted a recovery in customer traffic post-outage in Q2 and emphasized their goal to achieve $1 billion in revenue by 2025. The company plans to enhance security offerings, drive enterprise customer adoption, and launch new products. Fastly is optimistic about future growth opportunities despite navigating market volatility.

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FAQ

What is the current stock price of Fastly (FSLY)?

Fastly (FSLY) last closed at $24.41.

What is the market cap of Fastly (FSLY)?

The market cap of Fastly (FSLY) is approximately $3.9B.