Welcome to our dedicated page for Fastly news (Ticker: FSLY), a resource for investors and traders seeking the latest updates and insights on Fastly stock.
Fastly, Inc. (FSLY) is a Nasdaq-listed company that operates a powerful and programmable edge cloud platform, and its news flow reflects this focus on performance, security, and developer enablement. On this page, readers can follow Fastly’s official announcements, including quarterly and annual financial results, product launches, security research, capital markets activity, and participation in investor conferences.
Fastly regularly issues earnings releases that detail revenue by category, such as Network services, Security, and Other (Compute and Observability), along with key metrics and guidance ranges. These updates are often accompanied by investor conference calls, giving insight into how the business is evolving across performance, security, and edge compute offerings.
The company also publishes product and platform updates, such as new security capabilities like API Discovery, deception features in its Next-Gen WAF, and DDoS Precise Defense, as well as tools like the Fastly Model Context Protocol (MCP) Server and a Sustainability Dashboard. In addition, Fastly-sponsored research, including an IDC study on modern Application Security programs, and its own Threat Insights Reports on bot traffic and AI crawlers, provide a view into the security and traffic trends affecting customers.
Investors can also track capital markets and corporate developments here, including announcements about convertible senior notes offerings, capped call transactions, and the transfer of Fastly’s stock listing from the New York Stock Exchange to the Nasdaq Stock Market LLC. For anyone following FSLY, this news feed offers a centralized view of the company’s financial disclosures, security insights, and strategic initiatives over time.
Fastly (NYSE: FSLY) has been named a Leader in the IDC MarketScape: Worldwide Edge Delivery Services 2024 Vendor Assessment for the second time. The company's strengths include its well-rounded portfolio, fast performance, and WASM implementation. The global edge computing market is projected to reach $228 billion in 2024, a 14% increase from 2023, with expected growth to $378 billion by 2028. Fastly's global network has expanded to over 375 Tbps of connected capacity. The company was recognized for its support of high-level languages, VCL control, collaborative environment, and focus on observability.
Fastly (NYSE: FSLY) announced its Q3 2024 financial results, reporting a GAAP loss of $38.0 million but achieving a record non-GAAP income of $2.4 million and an adjusted EBITDA of $13.3 million. Total revenue grew by 7% YoY to $137.2 million, driven by a 20% increase in revenue outside the top ten customers. GAAP gross margin improved to 54.5%, while non-GAAP gross margin rose to 57.7%. Despite a GAAP net loss per share of $0.27, non-GAAP net income per share was $0.02. The company saw a decline in enterprise customer count but an increase in total customer count. Fastly's top ten customers accounted for 33% of revenue, down from 40% a year ago. The company also provided Q4 and full-year 2024 guidance, expecting revenue between $136.0 million and $140.0 million for Q4 and between $539.0 million and $543.0 million for the full year.
Fastly (NYSE: FSLY), a global edge cloud platforms leader, has announced its participation in two upcoming investor conferences. At the 2024 RBC Capital Markets Global Technology, Internet, Media and Telecommunications Conference in New York City on November 19th at 10:40 a.m. ET, CFO Ron Kisling and VP Investor Relations Vernon Essi, Jr. will participate in a fireside chat. Additionally, CEO Todd Nightingale and CFO Ron Kisling will present at the UBS Global Technology and AI Conference in Scottsdale, AZ on December 4th at 10:15 a.m. ET. Both presentations will be accessible via webcasts on Fastly's Investor Relations website.
Fastly, Inc. (NYSE: FSLY) has announced the general availability of Fastly DDoS Protection, a solution designed to automatically shield applications and APIs from Layer 7 and other application-level DDoS attacks. This new offering leverages Fastly's proven techniques in protecting its global network to provide customers with tailored protection.
Key features of Fastly DDoS Protection include:
- One-click activation for immediate defense
- Automatic detection and mitigation without manual intervention
- Powered by Fastly's 353 gbps global network
- Utilizes proprietary Attribute Unmasking techniques
- No attack fees - customers only pay for legitimate traffic
- Helps reduce cloud spend by stopping attacks before reaching backend services
The solution aims to enhance resilience, maintain revenue generation, and minimize the brand impact of outages across various industries, including e-commerce and financial services.
Fastly, Inc. (NYSE: FSLY), a leader in global edge cloud platforms, has announced it will release its third quarter 2024 financial results after market close on Wednesday, November 6, 2024. The company will host an investor conference call to discuss the results at 1:30 p.m. PT / 4:30 p.m. ET on the same day.
Investors can access the live webcast of the call at https://investors.fastly.com under the "Quarterly Results" section. For those who prefer to dial in, the numbers are 888-330-2022 (US/CA) or 646-960-0690 (International), with Conference ID #7543239. Participants are advised to dial in at least 10 minutes before the start time.
A telephone replay of the conference call will be available from approximately 5:00 p.m. PT on November 6 through November 20, 2024, by dialing 800-770-2030 or 609-800-9909 and entering the passcode 7543239.
Dexory, a leading robotics and data intelligence company, has secured an $80 million Series B funding round, led by DTCP with participation from Latitude Ventures, Wave-X, Bootstrap Europe, and existing investors. This brings Dexory's total funding to $120 million over the past three years.
The funding will support:
- Expansion of AI-powered features across the DexoryView platform
- Growth of the global team
- Accelerated deployment of autonomous robots
- US market expansion
- Enhancement of UK development and production facilities
Dexory's DexoryView platform provides real-time visibility across warehouses through autonomous mobile robots and AI, addressing the logistics market's need for maximized operating efficiencies. The company has demonstrated significant growth since its commercial launch 18 months ago, with customers including GXO, Maersk, and DB Schenker.
Fastly (NYSE: FSLY) has unveiled its latest survey, “Bot Wars: How Bad Bots are Hurting Businesses,” highlighting the surge and financial impact of malicious bots on organizations. The survey shows that 59% of IT professionals reported an increase in bot attacks over the past year, with significant incidents costing companies an average of $2.9 million. A substantial 76% of respondents faced at least one bot attack, with 43% experiencing multiple attacks. Common threats included malware distribution (49%), web scrapers and click fraud bots (both at 44%), and DDoS and spam bots (both at 41%).
Additionally, 73% of technical staff noted a rise in attacks, compared to only 53% of senior management. Concerns centered on data breaches (48%), financial loss (41%), and business disruption (39%). Furthermore, 47% of respondents felt their organizations could do more to prepare for bot attacks. AI is also perceived as a risk, with 45% believing it will increase attack frequency, and 27% stating it will intensify attack severity.
Fastly's latest Threat Insights Report reveals alarming trends in cybersecurity. Key findings include:
1. 91% of cyberattacks targeted multiple organizations using mass scanning techniques, up from 69% in 2023.
2. Bots comprise 36% of global internet traffic.
3. Increased usage of out-of-band domains to exploit WordPress Plugin vulnerabilities.
4. 49% of malicious IP addresses were active for just one day, with an average duration of 3.5 days.
5. High Tech remains the top targeted industry (37%), followed by Media & Entertainment (21%) and Financial Services (17%).
The report emphasizes the importance of adaptive security controls and proactive threat anticipation.
Fastly (NYSE: FSLY) reported Q2 2024 financial results with revenue of $132.4 million, up 8% year-over-year. The company saw 4% sequential growth in Enterprise customer count, reaching 601. However, Fastly faces demand challenges from large customers. Key highlights include:
- Network services revenue: $104.2 million (+6% YoY)
- Security revenue: $25.4 million (+13% YoY)
- GAAP gross margin: 55.1% (vs 52.3% in Q2 2023)
- Non-GAAP gross margin: 58.5% (vs 56.6% in Q2 2023)
- GAAP net loss: $43.7 million
- Non-GAAP net loss: $9.3 million
Fastly's LTM net retention rate decreased to 110% from 114% in Q1 2024. The company provided Q3 2024 guidance with revenue between $130.0 - $134.0 million and full-year 2024 revenue guidance of $530.0 - $540.0 million.
Fastly (NYSE: FSLY), a leader in global edge cloud platforms, will announce its financial results for the second quarter of 2024 after market close on August 7, 2024. An investor conference call will be hosted at 1:30 p.m. PT / 4:30 p.m. ET to discuss the results. The webcast will be available on the Fastly investor relations website, and a telephone replay will be accessible until August 21, 2024.