The Latest Breaking News from FSLY

The tech industry has been under pressure as a result of macroeconomic uncertainties. So, let's analyze whether tech stocks Fastly (FSLY) and BlackBerry (BB) are worth buying this week.

Looking for a technical opinion? Look no further than Barchart's Opinion.

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 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…

Technology has been one of the hardest-hit sectors amid recent stock market sell-offs driven by investors’ concerns over Russia’s Ukraine invasion and looming interest rate increases. While most software stocks have retreated in price significantly, many still look overvalued at their current price levels. For example, Affirm Holdings (AFRM), Toast…

The demand for software solutions has been rising since the COVID-19 pandemic because hybrid work arrangements remain widespread, and businesses continue their investments in digitization. Nevertheless, we believe popular software stocks AppLovin (APP), Amplitude (AMPL), and Fastly (FSLY) are best avoided in the near term after delivering weak guidance. Let’s…

Raymond James upgraded Fastly Inc (NYSE:FSLY), noting shares overreacted to management's recently issued 2022 revenue guidance. Analyst Frank Louthan raised his rating to Strong Buy from Outperform. Louthan noted that the recent decline in shares is likely due to revenue guidance provided by management, with bears believing it "is a sign that some mix of pricing…

Fastly (NYSE:FSLY) is set to give its latest quarterly earnings report on Wednesday, 2022-02-16. Here's what investors need to know before the announcement. Analysts estimate that Fastly will report an earnings per share (EPS) of $-0.16.