Fastly Stock Price, News & Analysis

Fastly, Inc. (NYSE: FSLY) has announced its acquisition of Glitch, a developer platform with over 1.8 million users. This acquisition aims to combine Fastly’s edge cloud capabilities with Glitch’s user-friendly environment to accelerate application development. The integration promises a seamless developer experience, enhancing innovation through serverless technologies and a collaborative community. Fastly intends to maintain Glitch's vibrant developer culture while providing additional tools and resources for users, setting the stage for enhanced global application deployment.

Fastly, Inc. (NYSE: FSLY) has decided to postpone its Investor Day originally set for May 12, 2022. This delay is attributed to current market volatility and a recent CEO transition, rather than any operational or financial changes within the company. Fastly will provide a new date for the Investor Day announcement in due course. The company emphasizes its commitment to innovation and speed in delivering services to customers including notable names like Pinterest and The New York Times.

Fastly (NYSE: FSLY) has been recognized as a Customers' Choice in the 2022 Gartner Peer Insights “Voice of the Customer”: Global CDN, achieving a high customer rating of 4.8 out of 5 stars and a 97% willingness to recommend. This recognition reflects Fastly's robust network, featuring 192 Tbps connected edge capacity and 95 points of presence across 71 markets, which supports rapid and secure digital experiences. CEO Joshua Bixby emphasized the importance of customer feedback in achieving this recognition.

Fastly has announced the initiation of a search for a new CEO following the decision of current CEO Joshua Bixby to step down once a successor is appointed. Bixby, who has been with Fastly since 2013 and CEO since February 2020, stated he believes it's the right time for a leadership transition. Under his tenure, Fastly experienced significant growth, with a revenue increase of 33% CAGR from 2019 to 2021. The Board expressed confidence in Fastly's future potential and commitment to finding a suitable leader to guide the company forward.

Fastly reported a record revenue of $102.4 million for Q1 2022, achieving a 5% sequential growth and 21% year-over-year growth, exceeding guidance. However, GAAP gross margin decreased to 47.3%, and the net loss was $64.3 million, compared to $50.7 million last year. The company's Net Retention Rate fell to 115%, down from 118%. Fastly will share more insights at its Investor Day on May 12, and a CEO succession search is ongoing.

Fastly, Inc. (NYSE: FSLY) will host its 2022 Investor Day on May 12, 2022, at 1:00 p.m. ET, at the New York Stock Exchange and via live webcast. The event will feature presentations from CEO Joshua Bixby and other executives. Interested participants can access the event at www.fastlyinvestorday.com. A replay will be available post-event. Fastly focuses on enhancing internet experiences for organizations by providing control and speed through its global edge cloud network.

Fastly, Inc. (NYSE: FSLY) will announce its financial results for Q1 2022 on May 4, 2022, following market close. An investor conference call will occur at 2:00 p.m. PT (5:00 p.m. ET) to discuss these results. Interested parties can access the call via dial-in or webcast. The conference call replay will be available from May 4 to May 18, 2022. Fastly aims to enhance internet experiences by providing a robust global edge cloud network, serving notable clients like Pinterest and The New York Times. For further details, visit their official website.

Fastly, Inc. (NYSE: FSLY) has acquired Fanout, enhancing its edge cloud network with advanced real-time and streaming API capabilities. This strategic purchase is aimed at improving customer engagement through faster app development and streamlined workflows. Fanout's technology allows developers to integrate real-time functionalities without extensive infrastructure changes, benefiting resource-constrained teams. The integration will further support Fastly's serverless offerings, enabling secure and scalable application development. This move aligns with Fastly's mission to enhance digital experiences across its global platform.

Fastly, Inc. (NYSE: FSLY) has been recognized as a March 2022 Gartner Peer Insights Customers’ Choice for Web Application and API Protection for the fourth consecutive year, achieving an average customer rating of 4.9 out of 5 stars. This recognition reflects outstanding reviews from enterprise IT professionals who have implemented the Fastly Next-Gen WAF, underscoring its effectiveness in protecting against cyber threats. Fastly's recent innovations further enhance its offerings, allowing customers to confidently secure their digital environments.