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Fastly, Inc. - FSLY STOCK NEWS

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.

News

Fastly Unveils New Bot Management Solution to Help Detect and Block Threats at the Edge

Rhea-AI Summary
Fastly, Inc. (NYSE: FSLY) introduces Fastly Bot Management to combat automated bot attacks at the edge, enhancing its security offerings on the Edge Cloud Platform. The solution aims to reduce fraud, DDoS attacks, and account takeovers, providing granular visibility and rule setting capabilities. Fastly's Bot Management helps protect websites, applications, and data from malicious automated traffic, offering multi-layered protection and reducing infrastructure costs.
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Fastly Launches New Global Event Series: Xcelerate 2024

Rhea-AI Summary
Fastly, Inc. announces Xcelerate 2024, a series of global in-person events to enhance digital experiences at the edge. The events will feature keynotes, breakouts, and networking opportunities to boost performance, security, and user engagement. Attendees will learn from Fastly experts and customers, including insights on threat intelligence, bot protection, performance optimization, and new platform features.
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Rampant API Growth Causing Cybersecurity Risks for Businesses

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Fastly survey reveals lack of advanced API security measures among decision-makers, despite high awareness of cyber-attack risks. Financial services sector lags in addressing reputationally-damaging breaches. Single provider security solutions and AI touted as potential solutions.
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Fastly Announces Fourth Quarter and Full Year 2023 Financial Results

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Fastly, Inc. (FSLY) reports record fourth quarter revenue of $137.8 million, showcasing operational and financial improvements. The company's total revenue for the year 2023 reached $506 million, with notable growth in gross margins and net income. Fastly's key metrics like LTM NRR, customer count, and ARR show positive trends. The company also highlights significant business and product developments, including leadership appointments and strategic initiatives.
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Fastly to Present at Upcoming Investor Conferences

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Fastly, Inc. (FSLY) will be participating in fireside chats at investor conferences, including Raymond James 45th Annual Institutional Investors Conference and Morgan Stanley Technology, Media & Telecom Conference. The webcasts of these presentations will be available on Fastly’s Investor Relations website.
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Fastly to Announce Fourth Quarter 2023 Financial Results

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Fastly, Inc. (FSLY) will release its fourth-quarter 2023 financial results on February 14, 2024, followed by an investor conference call. The call will be available via webcast and telephone replay, with details provided for both options.
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Fastly Names Kip Compton as Chief Product Officer

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Fastly, Inc. (NYSE: FSLY) announced the addition of Kip Compton as Chief Product Officer, effective January 2, 2024. Compton brings over 25 years of senior leadership experience in cloud, video, IoT, and networking. He joins Fastly at an exciting time as the company scales its edge cloud for growth and expands its platform and feature set.
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Fastly Named a Leader for Edge Development Platforms 2023 by Independent Research Firm

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Fastly, Inc. (FSLY) named a Leader in The Forrester Wave™: Edge Development Platforms, Q4 2023 report. Fastly’s Compute platform received the highest rating (5/5) in 22 criteria, including vision, innovation, roadmap, pricing flexibility, and transparency, runtime execution environment, and security features. Forrester notes that Fastly is an excellent fit for enterprises seeking to extend their capabilities from the public cloud with a highly performant and secure edge compute platform.
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The Race to Adapt: Fastly Research Reveals Businesses Lost Almost 10% of Their Revenue From Cyber Attacks in the Last Year

Rhea-AI Summary
Fastly, Inc. (NYSE: FSLY) releases its annual global cybersecurity report, revealing that businesses suffer an average of 46 known cyber attacks per year, leading to 9% revenue loss. The report also highlights the damaging effects of cyber attacks, including network outages, data loss, web applications being taken offline, and customer account compromises. The survey of 1,500 IT decision-makers globally provides insights into current security concerns, with 76% planning to increase their cybersecurity budgets. Cybersecurity professionals are also concerned about the talent shortage and are looking to invest in Generative AI as a potential solution.
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Fastly Announces Third Quarter 2023 Financial Results

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Fastly, Inc. reports record third quarter revenue of $127.8 million, representing 18% year-over-year growth and 4% sequential increase. The company achieved a GAAP gross margin of 51.7% and a non-GAAP gross margin of 55.9%. GAAP net loss per share was $0.42, while non-GAAP net loss per share was $0.06. Key metrics include a decrease in the trailing 12-month net retention rate to 114% and an increase in total customer count to 3,102. Fastly provided fourth quarter and full year 2023 guidance.
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FAQ

What is the current stock price of Fastly (FSLY)?

The current stock price of Fastly (FSLY) is $10.08 as of December 20, 2024.

What is the market cap of Fastly (FSLY)?

The market cap of Fastly (FSLY) is approximately 1.4B.

What does Fastly, Inc. do?

Fastly, Inc. provides edge cloud computing services that deliver fast, secure, and scalable online experiences for digital businesses.

Who are some of Fastly's prominent clients?

Fastly powers online destinations like Airbnb, GitHub, Alaska Airlines, Pinterest, Vimeo, The Guardian, The New York Times, and Ticketmaster.

Where is Fastly headquartered?

Fastly is headquartered in San Francisco, California.

When was Fastly founded?

Fastly was founded in 2011.

What is unique about Fastly’s CDN strategy?

Fastly focuses on fewer but network-dense data centers, enabling better service for dynamic content and edge computing compared to traditional CDNs.

How much funding has Fastly raised?

Fastly has raised $130 million from investors including August Capital, Iconiq Capital, Battery Ventures, OATV, and Amplify Partners.

What is the primary market for Fastly's services?

Fastly gears its services towards large, sophisticated enterprises rather than smaller companies.

What regions does Fastly serve?

Fastly serves a global market with offices in cities such as Denver, New York, London, and Tokyo.

How does Fastly support technical innovation?

Fastly's edge cloud platform allows businesses to accelerate technical innovation by enabling programmable edge computing and dynamic scaling.

Where can I find more information about Fastly?

More information about Fastly can be found on their website at fastly.com or by following them on Twitter at @fastly.

Stock FSLY logo
Fastly, Inc.

NYSE:FSLY

FSLY Rankings

#2233 Ranked by Market Cap
N/A Ranked by Dividends

FSLY Stock Data

1.44B
130.39M
7.15%
72.2%
7.27%
Software - Application
Services-prepackaged Software
Link
United States of America
SAN FRANCISCO