The Latest Breaking News from FSLY

This cloud computing company reported its 1Q results last week, and disappointed analysts and investors once again with softer-than-expected guidance.

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.

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 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…