Welcome to our dedicated page for Fastly news (Ticker: FSLY), a resource for investors and traders seeking the latest updates and insights on Fastly stock.
Fastly, Inc. (symbol: FSLY) is a leading provider of edge cloud computing services that help some of the world's most renowned digital businesses keep up with evolving customer expectations. Founded in 2011, Fastly’s core business revolves around delivering fast, secure, and scalable online experiences. By leveraging its advanced edge cloud platform, businesses can accelerate technical innovation, mitigate evolving cyber threats, and dynamically scale their operations as needed.
Fastly powers a wide range of prominent online destinations including Airbnb, GitHub, Alaska Airlines, Pinterest, Vimeo, The Guardian, The New York Times, and Ticketmaster. Fastly’s platform stands out by focusing on fewer but network-dense data centers compared to traditional Content Delivery Networks (CDNs). This strategy allows it to efficiently handle dynamic content and edge computing capabilities, providing superior service to large, sophisticated enterprises.
Headquartered in San Francisco with a global working community spread across cities like Denver, New York, London, and Tokyo, Fastly has raised $130 million from notable investors such as August Capital, Iconiq Capital, Battery Ventures, OATV, and Amplify Partners. The company is committed to providing challenging work environments, continuous learning opportunities, and a collaborative atmosphere. Fastly’s approach has made it a trusted partner for enterprises aiming to accelerate their pace of innovation while ensuring reliable, high-performing online services.
For more information about Fastly’s innovative solutions and latest updates, visit fastly.com or follow them on Twitter at @fastly.
Fastly, Inc. (NYSE: FSLY) has been recognized as a March 2021 Gartner Peer Insights Customers' Choice for Web Application Firewalls (WAF), marking the third consecutive year of high ratings. The Next-Gen WAF solution, acquired through Signal Sciences, received an impressive average of 4.9 out of 5.0 stars based on 66 reviews. Users praised the product's effectiveness in safeguarding web applications, emphasizing its ease of deployment and strong support. This acknowledgment reflects Fastly's dedication to innovation in security technology, catering to organizations' diverse needs against a variety of threats.
Fastly, Inc. (NYSE: FSLY) has announced the issuance of an additional $123.75 million in 0% Convertible Senior Notes due 2026, bringing the total offering to $948.75 million with net proceeds of approximately $929.10 million. The notes, which are general unsecured obligations, will mature on March 15, 2026, and will not bear regular interest. Proceeds will be used for working capital and potential acquisitions. The initial conversion rate is 9.7272 shares per $1,000 principal amount, with a conversion price of about $102.80 per share, representing a 45% premium over the last stock price.
Fastly has priced $825 million in 0% Convertible Senior Notes due 2026, increasing from an initial $750 million offering. The private placement is set to close on March 5, 2021, and may total $948.75 million if additional options are exercised. Fastly estimates net proceeds of approximately $807.8 million, earmarked for working capital and potential acquisitions. The notes are convertible under certain conditions, with a conversion rate of 9.7272 shares per $1,000 principal. The company may redeem the notes starting from March 2024, depending on stock performance.
Fastly, Inc. (NYSE: FSLY) announced its intention to offer $750 million in Convertible Senior Notes due 2026 to qualified institutional buyers. An additional $112.5 million may also be available to initial purchasers. The notes will be unsecured, with interest payable semiannually, and can convert into cash or shares of Fastly's common stock. Proceeds will support working capital and potential strategic investments. The offering will not be registered under the Securities Act, limiting its resale options. Fastly emphasizes that it does not currently plan any acquisitions.
Fastly, a leading provider of edge cloud services, announced that CEO Joshua Bixby and CFO Adriel Lares will present at the Morgan Stanley Technology, Media, & Telecom Conference on March 1, 2021, at 1:15 p.m. PT / 4:15 p.m. ET. This event will be accessible through Fastly's Investor Relations website. Fastly's edge platform enhances digital experiences by delivering applications close to end-users, thus improving performance and security. The company serves notable clients like Pinterest, The New York Times, and GitHub.
Fastly, Inc. (NYSE: FSLY) has appointed Brett Shirk as Chief Revenue Officer, effective February 22, 2021. Shirk brings over 25 years of experience in the cloud and security sector, previously serving as Chief Revenue Officer at Rubrik. He will enhance Fastly's global sales and client services strategy, boost international expansion, and strengthen customer relationships. Fastly's CEO Joshua Bixby expressed enthusiasm for Shirk's leadership approach, which aligns with the company’s values. Fastly aims to deliver exceptional digital experiences through its edge cloud platform for prominent clients like Pinterest and The New York Times.
Fastly, Inc. (NYSE: FSLY) reported a strong finish to 2020, with full-year revenue achieving $291 million, marking a 45% increase year-over-year. This growth reflects Fastly's commitment to delivering a complete edge cloud solution amid rising demand for secure and high-performing platforms. CEO Joshua Bixby expressed optimism about their ongoing mission to empower developers as digital transformation accelerates. A Q&A session is scheduled for February 17, 2021, to further discuss financial results and future outlook.
Fastly (NYSE: FSLY) has joined Pledge 1%, a philanthropic movement aimed at integrating community stakeholder involvement in business. Kicking off their inaugural Global Week of Service from Jan. 18-24, Fastly aims to achieve 2,000 employee volunteer hours amidst a backdrop of a 58% decline in corporate volunteerism due to COVID-19. The company emphasizes a commitment to enhancing corporate giving and community engagement through virtual volunteering, in addition to doubling its Open Source and Nonprofit Program services from $25M to $50M. Fastly supports organizations such as Khan Academy and Doctors Without Borders.
Fastly, Inc. (NYSE: FSLY) is set to release its fourth-quarter and fiscal year 2020 financial results on February 17, 2021, after market closure. The company will issue a press release once the quarterly shareholder letter is available on its Investor Relations website. A conference call is scheduled for the same day at 2:00 PM PT / 5:00 PM ET, which can be accessed via phone or live webcast. Fastly specializes in providing an edge cloud platform that facilitates fast and secure digital experiences for customers like Vimeo and The New York Times.
Cyware, a leader in Virtual Cyber Fusion Center technology, announced a follow-on investment in its Series A funding round due to overwhelming demand for its platform. The funding round saw participation from prominent cybersecurity leaders like Greg Clark and Tom Noonan. Cyware aims to enhance its cybersecurity operations by leveraging advanced technologies, including security orchestration and automation, to support teams in optimizing security processes. This follows recent executive appointments to strengthen its leadership and growth strategy.
FAQ
What is the current stock price of Fastly (FSLY)?
What is the market cap of Fastly (FSLY)?
What does Fastly, Inc. do?
Who are some of Fastly's prominent clients?
Where is Fastly headquartered?
When was Fastly founded?
What is unique about Fastly’s CDN strategy?
How much funding has Fastly raised?
What is the primary market for Fastly's services?
What regions does Fastly serve?
How does Fastly support technical innovation?
Where can I find more information about Fastly?
