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Fastly, Inc. (FSLY) delivers cutting-edge edge cloud platforms that power secure, high-performance digital experiences for global enterprises. This dedicated news hub provides investors and technology professionals with essential updates on Fastly's strategic initiatives, operational developments, and market positioning.
Access authoritative coverage of Fastly's earnings reports, product innovations, and partnership announcements. Our curated collection includes official press releases, analysis of infrastructure expansions, and insights into the company's evolving security solutions. Track developments in edge computing capabilities, network optimization strategies, and enterprise customer deployments.
Key updates include quarterly financial results, leadership changes, technology patents, and content delivery network enhancements. Stay informed about Fastly's role in shaping web performance standards and cybersecurity protocols through verified, up-to-date information.
Bookmark this page for streamlined access to Fastly's corporate communications and third-party analysis. Regularly updated with material developments, this resource supports informed decision-making for stakeholders monitoring the competitive cloud infrastructure landscape.
Fastly (NYSE: FSLY) and Enterprise Strategy Group released a study highlighting significant cybersecurity challenges in web application and API security. The research, based on 383 cybersecurity and IT professionals in North America, reveals organizations expect a 39% increase in web applications within two years, from 145 to 201 per organization.
Key findings show that 57% of organizations experienced web/API attacks exploiting lesser-known vulnerabilities in the past 24 months. Despite 92% implementing web application firewalls (WAFs), 67% use multiple vendors, creating complexity. API usage is projected to grow significantly, with organizations expecting API implementation to increase from 32% to 80% in two years.
The study also revealed that 45% of DDoS attacks were diversionary tactics in larger coordinated assaults, with 70% of these diversions succeeding. Additionally, 59% of IT professionals believe cyber attackers have an advantage in leveraging AI for attacks.
Fastly (NYSE: FSLY), a global edge cloud platform provider, has scheduled its fourth quarter 2024 financial results announcement for Wednesday, February 12, 2025, after market close. The company will host an investor conference call at 1:30 p.m. PT / 4:30 p.m. ET on the same day to discuss the results.
Investors and interested parties can access the live webcast through the company's investor relations website. For those joining by phone, dial-in numbers are provided for both US/Canada (888-330-2022) and International (646-960-0690) participants, using Conference ID 7543239. A telephone replay will be available from 5:00 p.m. PT on February 12 through February 19, 2025.
Fastly (NYSE: FSLY) announced the general availability of Fastly AI Accelerator, a semantic caching solution designed to enhance performance and reduce costs for Large Language Model (LLM) generative AI applications. The solution delivers 9x faster response times and now supports both OpenAI ChatGPT and Microsoft Azure AI Foundry.
The implementation requires developers to simply update their application to a new API endpoint, typically changing just one line of code. The solution leverages Fastly Edge Cloud Platform to cache responses for repeated queries, eliminating the need to make individual calls to AI providers.
Fastly (NYSE: FSLY) announced the issuance of $150.0 million in 7.75% convertible senior notes due 2028. The company will use these proceeds to repurchase approximately $157.9 million of its existing 0.00% Convertible Senior Notes due 2026. The new notes will mature on June 1, 2028, with interest payable semi-annually at 7.75%. The initial conversion rate is 50.6586 shares per $1,000 principal amount, equivalent to a conversion price of $19.74 per share. After the transactions, expected to settle around December 5, 2024, the outstanding amount of existing notes will be $188.6 million.
Fastly's Global Security Research Report reveals concerning trends in cybersecurity recovery times. In 2024, businesses are taking an average of 7.3 months to recover from cyber incidents, 25% longer than the expected 5.9 months. Companies reducing cybersecurity spending faced 70% more incidents and longer recovery times of 10.9 months. While 87% of businesses plan to increase security investments, 50% still feel unprepared for future attacks. The report also highlights that 40% of businesses are concerned about their security stack's reliability, with 29% considering vendor changes. Organizations are shifting towards a platform engineering approach, with these teams now being held responsible for 8% of cybersecurity incidents.
Fastly (NYSE: FSLY) has been named a Leader in the IDC MarketScape: Worldwide Edge Delivery Services 2024 Vendor Assessment for the second time. The company's strengths include its well-rounded portfolio, fast performance, and WASM implementation. The global edge computing market is projected to reach $228 billion in 2024, a 14% increase from 2023, with expected growth to $378 billion by 2028. Fastly's global network has expanded to over 375 Tbps of connected capacity. The company was recognized for its support of high-level languages, VCL control, collaborative environment, and focus on observability.
Fastly (NYSE: FSLY) announced its Q3 2024 financial results, reporting a GAAP loss of $38.0 million but achieving a record non-GAAP income of $2.4 million and an adjusted EBITDA of $13.3 million. Total revenue grew by 7% YoY to $137.2 million, driven by a 20% increase in revenue outside the top ten customers. GAAP gross margin improved to 54.5%, while non-GAAP gross margin rose to 57.7%. Despite a GAAP net loss per share of $0.27, non-GAAP net income per share was $0.02. The company saw a decline in enterprise customer count but an increase in total customer count. Fastly's top ten customers accounted for 33% of revenue, down from 40% a year ago. The company also provided Q4 and full-year 2024 guidance, expecting revenue between $136.0 million and $140.0 million for Q4 and between $539.0 million and $543.0 million for the full year.
Fastly (NYSE: FSLY), a global edge cloud platforms leader, has announced its participation in two upcoming investor conferences. At the 2024 RBC Capital Markets Global Technology, Internet, Media and Telecommunications Conference in New York City on November 19th at 10:40 a.m. ET, CFO Ron Kisling and VP Investor Relations Vernon Essi, Jr. will participate in a fireside chat. Additionally, CEO Todd Nightingale and CFO Ron Kisling will present at the UBS Global Technology and AI Conference in Scottsdale, AZ on December 4th at 10:15 a.m. ET. Both presentations will be accessible via webcasts on Fastly's Investor Relations website.
Fastly, Inc. (NYSE: FSLY) has announced the general availability of Fastly DDoS Protection, a solution designed to automatically shield applications and APIs from Layer 7 and other application-level DDoS attacks. This new offering leverages Fastly's proven techniques in protecting its global network to provide customers with tailored protection.
Key features of Fastly DDoS Protection include:
- One-click activation for immediate defense
- Automatic detection and mitigation without manual intervention
- Powered by Fastly's 353 gbps global network
- Utilizes proprietary Attribute Unmasking techniques
- No attack fees - customers only pay for legitimate traffic
- Helps reduce cloud spend by stopping attacks before reaching backend services
The solution aims to enhance resilience, maintain revenue generation, and minimize the brand impact of outages across various industries, including e-commerce and financial services.
Fastly, Inc. (NYSE: FSLY), a leader in global edge cloud platforms, has announced it will release its third quarter 2024 financial results after market close on Wednesday, November 6, 2024. The company will host an investor conference call to discuss the results at 1:30 p.m. PT / 4:30 p.m. ET on the same day.
Investors can access the live webcast of the call at https://investors.fastly.com under the "Quarterly Results" section. For those who prefer to dial in, the numbers are 888-330-2022 (US/CA) or 646-960-0690 (International), with Conference ID #7543239. Participants are advised to dial in at least 10 minutes before the start time.
A telephone replay of the conference call will be available from approximately 5:00 p.m. PT on November 6 through November 20, 2024, by dialing 800-770-2030 or 609-800-9909 and entering the passcode 7543239.
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