The Latest Breaking News from Fastly

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Shares of Fastly are up more than 177% year-to-date - and after a blowout earnings report, the stock has outrun analysts' expectations by a considerable margin.

Content delivery network and software company Fastly (FSLY) reported revenue growth of nearly 20.7% in its last quarterly release. However, the stock has slumped nearly 64% in price year-to-date. So, let's evaluate if it is worth adding the stock to one’s portfolio now. Read on.

Fastly, Inc (NYSE:FSLY) agreed to repurchase $235 million of its outstanding 0% Convertible Senior Notes due 2026 for $176.2 million in cash, implying a 25% discount. The repurchase price is based on Fastly's May 23 closing price of $11.85. The transaction is likely to close on May 31, leading to the cancellation of…

Although Fastly Inc (NYSE: FSLY) reported a sales beat for the first quarter, its losses were higher than Street expectations.

Fastly (NYSE:FSLY) reported its Q1 earnings results on Wednesday, May 4, 2022 at 04:05 PM. Here's what investors need to know about the announcement. Earnings Fastly missed estimated earnings by 7.14%, reporting an EPS of $-0.15 versus an estimate of $-0.14.

Fastly Inc (NYSE:FSLY) is surging on a speculative rumor that it could be a takeover target by Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL). A company like Google could acquire Fastly to improve its content delivery network, the Deal.com reported. Fastly operated a content delivery network to help entities provide faster and more reliable online content. Fastly reported…