Fastly Stock Price, News & Analysis

Fastly, Inc. (FSLY) is a publicly traded technology company whose stock is listed on the Nasdaq Stock Market LLC under the symbol FSLY. According to its own company descriptions in recent press releases, Fastly operates a powerful and programmable edge cloud platform that helps the world’s top brands deliver online experiences that are fast, safe, and engaging. The company’s platform focuses on edge compute, delivery, security, and observability offerings that are designed to improve site performance, enhance security, and support innovation at global scale.

Fastly describes its platform architecture as high-performance and modern, emphasizing that it empowers developers to deliver secure websites and applications with rapid time-to-market and what it characterizes as demonstrated cost savings. Organizations around the world use Fastly to upgrade their internet experiences, and Fastly cites brands such as Reddit, Neiman Marcus, Universal Music Group, and SeatGeek as examples of customers that trust its platform.

Business model and core offerings

Based on Fastly’s own disclosures, the company’s business centers on providing an edge cloud platform that supports several key categories of functionality:

• Edge compute – enabling computation and logic to run closer to end users at the network edge.
• Delivery – supporting the delivery of online content and digital experiences.
• Security – offering products designed to protect websites, applications, APIs, and users.
• Observability – providing capabilities that help customers understand and monitor how their digital properties perform on the platform.

In its third quarter 2025 financial results press release, Fastly breaks out revenue into Network services, Security, and Other. Network services revenue includes solutions designed to improve performance of websites, apps, APIs, and digital media. Security revenue includes products designed to protect websites, apps, APIs, and users. Other revenue includes Compute and Observability solutions. This segmentation illustrates how Fastly’s commercial model is organized around performance, security, and edge-based compute and monitoring capabilities.

Edge cloud and content delivery focus

The Polygon description included in the data notes that Fastly operates a content delivery network (CDN) and that its approach differs from traditional CDNs. Rather than focusing on the largest possible number of edge locations, Fastly’s strategy is described as concentrating servers in the most network-dense data centers. The Polygon description also states that Fastly allows customers to program on its platform, enabling edge computing and better service of more dynamic content that was traditionally not well served by CDNs. This aligns with Fastly’s own characterization of its platform as programmable and edge-focused.

According to the Polygon description, Fastly gears its service toward large, sophisticated enterprises. It also notes that a significant portion of Fastly’s revenue has historically been generated in the United States. These points are consistent with Fastly’s emphasis, in its press releases, on working with well-known global brands and on providing capabilities that appeal to organizations with complex performance and security requirements.

Security and application protection

Security is a major part of Fastly’s platform, as reflected in both its revenue segmentation and its product announcements. In its third quarter 2025 results, Fastly highlights Security revenue as a distinct category that includes products designed to protect websites, apps, APIs, and users. The company also reports the launch of several security-related capabilities:

• API Discovery, which continuously identifies and organizes API traffic across edge services to enhance API security.
• A new deception capability in its Next-Gen Web Application Firewall (WAF), designed to mislead attackers and bots while generating higher-quality threat intelligence.
• DDoS Precise Defense, which allows rule behavior to be adjusted with a click, aiming to reduce the risk of unintentionally blocking legitimate traffic.

In addition, Fastly sponsors research on application security. A study released with IDC and commissioned by Fastly examines how modern Application Security (AppSec) programs that leverage automation, continuous delivery, and impact-based prioritization can yield improved business outcomes in areas such as developer productivity, user experience, application availability, and data breach reduction. This research focus underscores Fastly’s interest in modern security practices around applications and APIs.

Threat insights and bot traffic analysis

Fastly also publishes Threat Insights Reports that analyze patterns in application and API traffic across its global network. One such report, described in a Business Wire release, focuses on the evolving bot landscape and notes that automated traffic, including AI crawlers, fetchers, and headless bots, represents a significant share of web traffic. The report discusses how organizations must adapt strategies to manage both wanted and unwanted bots, and it highlights industry-specific impacts in sectors such as Media and Entertainment, Commerce, Financial Services, Public Sector, and Education.

By drawing on trillions of requests across its network, Fastly’s threat reporting provides customers and the broader market with insights into how bots and AI-driven automation affect web traffic, infrastructure load, and business metrics. This analytical work complements Fastly’s security offerings by helping organizations understand the nature of the threats they face.

Developer and partner ecosystem

Fastly’s communications emphasize developers and partners as important stakeholders. The company describes its platform architecture as empowering developers to deliver secure websites and apps with rapid time-to-market. In its third quarter 2025 highlights, Fastly notes the launch of the Fastly Model Context Protocol (MCP) Server, an open-source tool that enables AI assistants to manage Fastly services. This indicates a focus on making Fastly’s platform accessible and manageable through programmatic and AI-driven interfaces.

Fastly also operates a partner-focused certification initiative. The Fastly Certified Services Partner Program is designed for technical security professionals at partner organizations and provides training and certification to implement and manage Fastly’s security solutions. Partners who complete the program gain access to resources such as early insights into Fastly’s innovation roadmap, invitations to technical labs and webinars, and ongoing educational content. Upon completion, organizations can earn the designation of “Fastly Certified Services Partner,” while individuals become “Fastly Certified Professional for Security Implementation.” This program is presented as part of Fastly’s broader effort to support its global channel ecosystem.

Financial reporting and capital structure

Fastly regularly reports financial results and key operating metrics. In its third quarter 2025 press release, the company highlights total revenue, network services revenue, security revenue, and other revenue, as well as metrics such as enterprise customer count, the share of revenue from its top ten customers, net retention rate, and remaining performance obligations. The company also provides guidance for future quarters and the full year, and it explains how it uses non-GAAP measures such as non-GAAP gross margin, non-GAAP operating income (loss), adjusted EBITDA, and free cash flow, alongside GAAP metrics.

From a capital structure perspective, Fastly has issued convertible senior notes. In December 2025, Fastly announced and then detailed in an 8-K the issuance of 0% Convertible Senior Notes due 2030, along with related capped call transactions. The notes are senior, unsecured obligations of the company, with specified conversion terms into Class A Common Stock and conditions under which they may be redeemed or repurchased. Fastly also used a portion of the proceeds and cash on hand to repurchase a portion of its existing 0% convertible senior notes due 2026. These transactions are described in detail in Fastly’s 8-K filings and associated press releases.

Stock listing and exchange transfer

Fastly’s Class A Common Stock has been listed on major U.S. exchanges. An 8-K filed on November 26, 2025, and a related press release, state that Fastly decided to transfer its stock exchange listing from the New York Stock Exchange to the Nasdaq Stock Market LLC, while keeping the ticker symbol “FSLY.” A Form 25 filing dated December 8, 2025, documents the voluntary withdrawal of the class of securities from listing and registration on the NYSE under SEC rules. Subsequent filings confirm that Fastly’s Class A Common Stock is registered and trading on the Nasdaq Stock Market LLC under the same symbol.

Use cases and customer profile

Fastly’s own descriptions and customer examples indicate that its platform is used by organizations that require high-performance, secure, and programmable edge delivery. By citing customers such as Reddit, Neiman Marcus, Universal Music Group, and SeatGeek, Fastly points to adoption in areas like online communities, retail, media, and ticketing. The company’s revenue segmentation into network services, security, and compute/observability solutions suggests that customers rely on Fastly both to accelerate and protect their digital experiences and to gain visibility into performance and security posture.

Investor communications

Fastly maintains an active investor relations program. The company issues press releases announcing quarterly and annual financial results, provides guidance ranges, and hosts investor conference calls to discuss performance. It also participates in technology and TMT-focused investor conferences, as described in its November 4, 2025 press release, where members of its management team take part in fireside chats and investor meetings. These activities, along with regular SEC filings such as Forms 8-K, help investors track Fastly’s operational and financial developments.

Summary

In summary, Fastly, Inc. is a Nasdaq-listed company focused on a programmable edge cloud platform that combines content delivery, edge compute, security, and observability. Its own disclosures emphasize high performance, developer empowerment, and security capabilities, supported by research, threat insights, and partner enablement programs. Financial reporting and capital markets activity, including convertible notes and an exchange transfer from NYSE to Nasdaq, are documented through press releases and SEC filings, providing investors with detailed information about the company’s structure and operations.